FBLA
FB Bancorp, Inc.13.18
-0.06-0.45%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
261.46MP/E (TTM)
-Basic EPS (TTM)
-1.54Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
FB Bancorp swung to a $1.1 million net profit in Q3 2025, up from a $0.9 million loss a year earlier, as net interest income climbed 18.9% year-over-year to $13.6 million on stronger loan yields and reduced borrowings. Total assets grew 3.5% to $1.26 billion, with deposits up 4.9% to $839.9 million while other borrowings fell 13.7% to $63.4 million, bolstering liquidity with $65.7 million in cash equivalents and $377 million available from the FHLB line. Mortgage banking drove gains on $4.0 million in loan sales, yet non-interest expenses dipped 3.7% thanks to leaner staffing. The stock conversion closed October 22, 2024, raising $198.4 million gross. Non-performing loans ticked up to 1.9% of total loans amid economic pressures.
10-Q
Q2 FY2025 results
FB Bancorp posted solid Q2 2025 results, with net interest income climbing 20.6% year-over-year to $13.2M on stronger loan yields and reduced borrowings, while net income edged up 3.5% to $879K. Loans held for investment grew 2.7% quarter-over-quarter to $770.5M, fueled by commercial real estate and construction segments, yet non-performing loans ticked up to 1.7% of total. Deposits expanded 3.0% to $824.8M, bolstering liquidity alongside $86.1M in cash equivalents and $371M available on the FHLB line; borrowings dropped 9.5% to $66.5M. Mortgage banking gains held steady at $4.0M despite no servicing rights sales. Non-GAAP metrics not disclosed in the 10-Q. Elevated non-performing assets signal persistent credit pressures in a softening economy.
10-Q
Q1 FY2025 results
FB Bancorp swung to net income of $0.7M in Q1 FY2025 ended March 31, 2025, up from a $0.8M loss a year earlier, as net interest income climbed 17.7% y/y to $12.8M on 11.7% loan growth and lower borrowings, though deposit costs rose. Gross margin held steady at 4.60% (derived), with operating income at $0.9M before a $0.2M tax hit; diluted EPS of $0.04 reconciles cleanly to 18.3M weighted shares, no anti-dilution noted. Mortgage banking drove $3.3M in gains from $72.1M originations, while traditional banking expanded commercial real estate loans 5.0% q/q to $253.1M. Liquidity stays solid with $98.6M cash and $369M FHLB availability against $61.5M advances (3.93% rate, maturing 2025-2026); free cash flow not disclosed in the 10-Q. Yet non-performing loans ticked up to 2.0% of total.
10-K
FY2024 results
FB Bancorp's FY2024 results showed robust loan growth, with loans held for investment up 13.8% y/y to $758M, driven by commercial real estate (31.8% of portfolio) and commercial loans (12.5%), reflecting strategic diversification amid softer residential demand. Net interest income rose 5.2% to $46.5M, but margins compressed to 4.36% from 4.72% due to higher deposit costs (1.80% vs. 1.08%), while Q4 deleveraging of borrowings cut average costs to 4.08%. Non-interest income fell 19.7% to $20.0M on lower mortgage servicing revenue, and a $5.8M goodwill impairment from elevated rates led to a $6.2M net loss, versus $1.1M income in 2023. Deposits grew 4.1% to $800.7M, with core deposits at 60.7%; liquidity remains strong with $364M FHLB capacity. No dividends or buybacks yet; outlook emphasizes organic growth and Baton Rouge/Lafayette expansion. Yet hurricane risks in southern Louisiana could disrupt quarterly momentum.
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