FB Bancorp (FBLA) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $119 thousand, down from $705 thousand in Q1 2025, reflecting a significant decrease due to higher non-interest expenses and a net loss from discontinued operations following the sale of the mortgage banking segment.

• Sale of the mortgage banking segment, NOLA Lending Group, closed March 1, 2026, resulting in a $375 thousand net loss from discontinued operations for the quarter.

Financial highlights

• Net interest income remained stable at $11.8 million year-over-year for Q1 2026.

• Net interest margin declined to 4.47% from 4.60% year-over-year.

• Total non-interest income was $1.1 million, up 5.31% due to higher deposit account service charges.

• Total non-interest expenses increased 9.75% to $11.9 million, driven by higher salaries, occupancy, and marketing costs.

• Earnings per share from continuing operations were $0.03, down from $0.08 year-over-year.

Outlook and guidance

• Management expects advertising expenses to normalize after Q1 and continues to monitor credit pressures in residential real estate due to rising insurance costs.

• Forward-looking statements highlight risks from economic conditions, interest rates, competition, and regulatory changes.