FB Bancorp (FBLA) investor relations material

Executive summary

• Net income for the six months ended June 30, 2026 was $49 thousand, down from $1.6 million year-over-year, reflecting a $1.1 million net loss from discontinued operations due to the sale of the mortgage banking segment.

• For the three months ended June 30, 2026, net loss was $70 thousand, compared to net income of $879 thousand in the prior year quarter.

• The sale of the NOLA Lending Group mortgage segment closed March 1, 2026, resulting in significant discontinued operations losses and a reduction in headcount by 108 employees.

Financial highlights

• Net income from continuing operations was $1.2 million for the six months, down from $2.4 million year-over-year; for the quarter, $697 thousand vs. $1.0 million prior year.

• Net interest income for the six months was $23.7 million, slightly down from $23.9 million year-over-year; for the quarter, $11.9 million vs. $12.1 million.

• Total non-interest income rose to $3.3 million for the six months, driven by a $1.2 million gain on life insurance proceeds.

• Total non-interest expenses increased 12.81% year-over-year to $24.9 million for the six months, mainly due to higher salaries, benefits, and costs related to new branches and severance.

• Net interest margin declined to 4.34% for the six months from 4.63% year-over-year.

Outlook and guidance

• Remaining losses from discontinued operations are expected to be significantly less in the final months of 2026.

• Annual savings of approximately $749 thousand are anticipated from reorganization changes.