Business
FB Bancorp : Announces First Quarter 2026 Financial Results
FB Bancorp : Announces First Quarter 2026 Financial
About this update from Fb Bancorp, Inc.
New Orleans, Louisiana, May 6, 2026 / FB Bancorp, Inc. (NASDAQ: "FBLA") (the "Company"), the holding company for Fidelity Bank (the "Bank"), today announced net income for the three months ended March 31, 2026 of $119 thousand, comprised of net income from continuing operations of $494 thousand and a net loss from discontinued operations of $375 thousand. The net loss from discontinued operations was due to Fidelity Bank's previously announced sale of substantially all assets and liabilities of the Bank's mortgage banking segment, NOLA Lending Group. The sale closed on March 1, 2026. For the three months ended March 31, 2025, the Company had net income of $705 thousand, comprised of net income from continuing operations of $1.4 million and a net loss from discontinued operations of $665 thousand. The Company is a Maryland corporation based in New Orleans, Louisiana. The Company's banking subsidiary, Fidelity Bank, operates 19 banking locations in New Orleans, Hammond, Lafayette, and Baton Rouge, Louisiana. The Company is a Maryland corporation incorporated in February 2024 to become the registered bank holding company for Fidelity Bank upon the Bank's conversion from the mutual-to-stock form of organization, which occurred on October 22, 2024. The Company sold 19,837,500 shares of common stock, par value $0.01 per share, at a price of $10 per share, for gross proceeds of $198,375,000. Shares of the Company's common stock began trading on the Nasdaq Global Select Market under the trading symbol "FBLA" on October 23, 2024. On January 14, 2026, FB Bancorp, Inc. announced the completion of its initial stock repurchase program, pursuant to which it repurchased 1,983,750 shares of its common stock, or 10% of its then outstanding shares, at an average price of $12.725 per share, inclusive of trading costs and commissions. On February 9, 2026, FB Bancorp, Inc. announced the authorization of an additional program to repurchase up to 1,785,375 shares of its outstanding common stock, which equals approximately 10% of shares then outstanding. Through May 4, 2026, the Company has repurchased 1,547,463 shares of this additional repurchase plan at an average price of $13.66 per share, inclusive of trading costs and commissions. Contact: Christopher S. Ferris President and Chief Executive Officer (504) 569-8460