FB Bancorp Reports Strong Profit Turnaround, Completes Major Share Repurchase, and Divests Mortgage Segment
Summary
FB Bancorp reported a return to net income, completed a significant share repurchase, and divested its unprofitable mortgage segment, signaling strong strategic and financial improvements.
Key Events
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Return to Profitability
The company reported a net income of $1.25 million for 2025, a significant improvement from a net loss of $6.21 million in 2024. Net income from continuing operations grew to $3.95 million in 2025 from $1.51 million in 2024.
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Strategic Divestiture of Mortgage Segment
FB Bancorp completed the sale of its NOLA Lending Group mortgage banking segment on March 1, 2026, exiting a business that incurred a net loss of $2.69 million in 2025 and reducing 108 employees.
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Completed Share Repurchase Program
The company completed an initial stock repurchase program, buying back 1,983,750 shares (10% of then outstanding shares) for $25.25 million at an average price of $12.725 per share.
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Authorized New Share Repurchase Program
An additional program was authorized on February 9, 2026, to repurchase up to 1,785,375 shares, representing approximately 10% of outstanding common stock.
Analysis
FB Bancorp's annual report highlights a significant financial turnaround, moving from a net loss in 2024 to a net income in 2025, driven by strong growth in continuing operations. The company strategically divested its loss-making NOLA Lending Group mortgage segment, which is expected to improve future profitability and reduced employee count by 108. A substantial initial share repurchase program of $25.25 million was completed, demonstrating strong capital management and confidence, followed by the authorization of a second program for an additional 10% of outstanding shares. While non-performing loans increased and the allowance for credit losses relative to non-accrual loans decreased, the overall financial health and strategic actions indicate a positive outlook.
At the time of this filing, FBLA was trading at $13.52 on NASDAQ in the Finance sector, with a market capitalization of approximately $268.2M. The 52-week trading range was $9.81 to $14.00. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.