F
FB Bancorp, Inc. /MD/
FBLACIK 0002013639NasdaqEmerging GrowthSavings Institutions, Not Federally CharteredMarylandFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$1.25M
Total Assets
$1.26B
Equity
$314.45M
Shares Out
17.16M
Op. Cash Flow
$2.76M
Business
FB Bancorp, Inc. is a bank holding company that operates primarily through its sole subsidiary, Fidelity Bank, providing community banking services. It offers deposit accounts and loans—residential mortgages, construction, commercial real estate and commercial loans, home equity and consumer loans—and sells many mortgages via its NOLA division. Its core components are Fidelity Bank’s retail branch network and treasury/investment functions, the NOLA mortgage production division, and loan servicing/secondary market activities. It serves southern Louisiana with loan production in the Florida panhandle and Mississippi, using branches, ATMs and secondary market channels.
Summary from filing dated 2025-03-27
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Interest and fees on loans | 52 | 48 | 43 | |
| Interest and dividends on investment securities | 10 | 9 | 9 | |
| Interest on deposits in other banks | 3 | 3 | 2 | |
| Total interest and dividend income | 66 | 61 | 54 | |
| Deposits | 15 | 11 | 7 | |
| Borrowed funds | 3 | 8 | 3 | |
| Total interest expense | 18 | 19 | 10 | |
| Net interest income | 48 | 41 | 44 | |
| Provision for credit losses | 2 | 2 | 649,000 | |
| Net interest income after provision for credit losses | 46 | 40 | 44 | |
| Service charges and fee income from deposit accounts | 3 | 3 | 3 | |
| Gain (loss) on sales, disposal, or impairment of assets | −87,000 | −283,000 | — | |
| Gain on sales of available for sale securities | 214,000 | 285,000 | 66,000 | |
| Other non-interest income | 1 | 2 | 4 | |
| Total non-interest income | 4 | 5 | 25 | |
| Salaries and employee benefits | 25 | 24 | 41 | |
| Occupancy and equipment | 7 | 7 | 8 | |
| Directors' fees | 755,000 | 618,000 | 806,000 | |
| Data processing | 5 | 4 | 5 | |
| Advertising and marketing | 825,000 | 2 | 2 | |
| Mortgage servicing rights amortization | 375,000 | 503,000 | 2 | |
| Other general and administrative | 6 | 5 | 9 | |
| Total non-interest expenses | 46 | 43 | 67 | |
| Income from continuing operations before income taxes | 5 | 2 | 1 | |
| Income tax expense from continuing operations | 870,000 | 195,000 | 330,000 | |
| Net income from continuing operations | 4 | 2 | — | |
| Loss from discontinued operations before income taxes | −3 | −8 | — | |
| Income tax benefit from discontinued operations | −593,000 | −332,000 | — | |
| Net loss from discontinued operations | −3 | −8 | — | |
| Net income (loss) | 1 | −6 | 1 | |
| Continuing operations - basic | 0.22 | 0.42 | — | |
| Discontinued operations - basic | −0.15 | −2.16 | — | |
| Total earnings (loss) per share - basic | 0.07 | −1.74 | — | |
| Continuing operations - diluted | 0.22 | 0.42 | — | |
| Discontinued operations - diluted | −0.15 | −2.16 | — | |
| Total earnings (loss) per share - diluted | 0.07 | −1.74 | — | |
| Weighted average shares outstanding, basic | 18 | 4 | 0 | |
| Weighted average shares outstanding, diluted | 18 | 4 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and due from banks | 10 | 7 | 6 | — | |
| Interest-bearing deposits at other financial institutions | 50 | 92 | 81 | — | |
| Total cash and cash equivalents | 60 | 99 | 87 | — | |
| Securities available for sale, at fair value (amortized cost of $336,347 and $264,639, respectively) | 326 | 244 | 250 | — | |
| Loans held for investment | 744 | 757 | 666 | — | |
| Less: allowance for credit losses | −6 | −6 | −6 | −7 | |
| Loans held for investment, net | 738 | 751 | 659 | — | |
| Federal Home Loan Bank stock, at cost | 4 | 4 | 4 | — | |
| Bank owned life insurance | 15 | 15 | 15 | — | |
| Accrued interest receivable | 6 | 6 | 6 | — | |
| Premises and equipment, net | 57 | 53 | 51 | — | |
| Other real estate owned | 1 | 610,000 | 815,000 | — | |
| Mortgage servicing rights | 904,000 | 1 | 2 | — | |
| Prepaid expenses | 2 | 2 | 3 | — | |
| Other assets | 15 | 17 | 19 | — | |
| Assets from discontinued operations, at fair value | 30 | 29 | — | — | |
| Total assets | 1,255 | 1,221 | 1,125 | — | |
| Non-interest bearing | 134 | 132 | 142 | — | |
| Interest bearing | 708 | 668 | 627 | — | |
| Total deposits | 841 | 801 | 769 | — | |
| Advances by borrowers for taxes and insurance | 6 | 6 | 12 | — | |
| Other borrowings | 78 | 74 | 172 | — | |
| Accrued interest payable | 392,000 | 380,000 | 524,000 | — | |
| Other liabilities | 11 | 9 | 14 | — | |
| Liabilities from discontinued operations, at fair value | 4 | 5 | — | — | |
| Total liabilities | 941 | 895 | 968 | — | |
| Preferred stock, $0.01 par value - 5,000,000 shares authorized; none issued | 0 | 0 | — | — | |
| Common stock, $0.01 par value - 120,000,000 shares authorized; 18,089,741 and 19,837,500 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 181,000 | 198,000 | — | — | |
| Additional paid-in capital | 172 | 194 | — | — | |
| Unearned ESOP shares - 1,460,040 and 1,523,520 shares as of December 31, 2025 and December 31, 2024, respectively | −16 | −17 | — | — | |
| Retained earnings | 167 | 166 | 172 | — | |
| Accumulated other comprehensive income (loss) | −8 | −16 | −15 | — | |
| Total stockholders' equity | 314 | 326 | 157 | 152 | |
| Total liabilities and stockholders' equity | 1,255 | 1,221 | 1,125 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Net income from continuing operations | 4 | 2 | — | |
| Net income (loss) | 1 | −6 | 1 | |
| Depreciation and amortization | 3 | 3 | 2 | |
| Net (accretion) amortization on securities | −2 | −830,000 | −699,000 | |
| Provision (benefit) for credit losses | 2 | 2 | 649,000 | |
| ESOP expense | 742,000 | 769,000 | — | |
| Increase in cash surrender value of life insurance | −355,000 | −346,000 | −303,000 | |
| Loss on sales and disposal of assets | 87,000 | 283,000 | — | |
| Federal Home Loan Bank stock dividends | −199,000 | −248,000 | −164,000 | |
| Deferred income taxes (benefit) | −290,000 | 12,000 | −916,000 | |
| Stock-based compensation | 45,000 | — | — | |
| Changes in other operating assets and liabilities | 4 | 7 | −212,000 | |
| Net cash provided by (used in) operating activities of continuing operations | 8 | 5 | — | |
| Net cash provided by (used in) operating activities of discontinued operations | −5 | −4 | — | |
| Net cash provided by (used in) operating activities | 3 | 814,000 | −7 | |
| Purchases of securities available for sale | −112 | −35 | −17 | |
| Proceeds from maturities, prepayments, and sales of securities available for sale | 43 | 41 | 43 | |
| Purchase of FHLB stock | −288,000 | — | −1 | |
| Redemption of FHLB stock | 1 | — | — | |
| (Increase) decrease in loans held for investment, net | 9 | −95 | −112 | |
| Purchases of premises and equipment | −7 | −5 | −7 | |
| Proceeds from sale of Company owned assets or other real estate owned | 1 | 2 | — | |
| Net cash provided by (used in) investing activities | −65 | −92 | −84 | |
| Net increase (decrease) in deposits | 41 | 31 | −22 | |
| Proceeds from other borrowings | 74 | 145 | — | |
| Payments on other borrowings | −69 | −243 | — | |
| Net change in advances by borrowers for taxes and insurance | 146,000 | −5 | −2 | |
| Net proceeds from issuance of common stock | — | 188 | — | |
| Purchase of over subscribed common stock for ESOP | — | −12 | — | |
| Common stock repurchased | −22 | — | — | |
| Net cash provided by (used in) financing activities | 23 | 103 | 117 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | −39 | 12 | 26 | |
| Cash paid for interest on deposits and borrowings | 18 | 20 | 10 | |
| Cash paid for income taxes | 3,000 | 1 | — | |
| Loans transferred to other real estate owned | 2 | 2 | 839,000 | |
| Purchase of common stock for ESOP within original offering | — | 6 | — |
Filings
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