FB Bancorp (FBLA) investor relations material

Executive summary

• Net income for Q2 2025 was $879,000, up 3.5% year-over-year; six-month net income was $1.6 million, a significant increase from $42,000 in the prior year period.

• Total assets grew 2.1% to $1.25 billion at June 30, 2025, driven by increases in loans and investment securities.

• Loan portfolio growth focused on commercial real estate and construction, with commercial real estate loans at $254.3 million and commercial loans at $104.0 million.

• Core deposits represented 56.9% of total deposits, with ongoing expansion in Baton Rouge and Lafayette markets.

• Non-interest expense decreased due to lower staffing and marketing costs, offsetting a decline in non-interest income from mortgage servicing rights sales.

Financial highlights

• Net interest income rose 20.6% year-over-year to $13.2 million for Q2 2025; six-month net interest income was $26.0 million, up 19.1%.

• Total interest and dividend income for the quarter was $17.5 million, up 10.4% year-over-year.

• Provision for credit losses increased to $453,000 for Q2 and $838,000 for the six months, reflecting loan growth.

• Non-interest income fell 32.2% for the quarter and 22.1% for the six months, mainly due to lower gains on mortgage servicing rights.

• Non-interest expense decreased 1.6% for the quarter and 2.2% for the six months, primarily from reduced salaries and marketing.

Outlook and guidance

• Strategy focuses on prudent loan portfolio growth, especially in commercial segments, and maintaining strong asset quality.

• Continued investment in digital banking and expansion in new markets expected to support future growth.

• Management anticipates sufficient liquidity and capital to meet commitments, with a strong deposit retention outlook.