FB Bancorp, Inc. /MD/ Segments Disclosure
The Company’s revenue, from continuing operations, is primarily derived from the business of traditional banking. Revenues from traditional banking operations consist primarily of interest and fees earned on loans held for investment, interest earned on securities, and fees from deposit and other banking services. The Company’s financial performance is monitored on a consolidated basis by senior management and by the Chief Operating Decision Maker (“CODM”), identified as the .
All of the Company’s financial results are similar and aggregated into one reportable operating segment. While the Company has assigned certain management responsibilities by branch location or department, the Company’s CODM evaluates financial performance on a Company-wide basis.
On December 31, 2025, the Bank entered into an agreement to sell substantially all the assets and liabilities of the Bank’s mortgage banking segment, NOLA Lending Group. As a result, the mortgage banking operations are presented as discontinued operations for all periods presented, and the Company no longer reports mortgage banking as a separate operating or reportable segment.
Refer to Note 2. Discontinued Operations for additional information.
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.