FB Bancorp (FBLA) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $1.1 million, reversing a net loss of $895,000 in Q3 2024, driven by higher net interest income and lower non-interest expenses.

• For the nine months ended September 30, 2025, net income was $2.7 million, compared to a net loss of $853,000 in the prior year period.

• The company continues to focus on prudent loan portfolio growth, asset quality, and expanding its digital banking and regional presence.

Financial highlights

• Total assets increased 3.5% to $1.26 billion at September 30, 2025, from $1.22 billion at year-end 2024.

• Net interest income rose 18.9% year-over-year to $13.6 million for Q3 2025 and 19.1% to $39.6 million for the nine months ended September 30, 2025.

• Non-interest income for Q3 2025 was $5.1 million, down 4.2% year-over-year, and $14.5 million for the nine months, down 16.6% due to lower gains on mortgage servicing rights.

• Non-interest expense decreased 3.7% in Q3 2025 and 2.7% for the nine months, mainly from reduced salaries and marketing costs.

• Provision for credit losses increased to $413,000 in Q3 2025 and $1.3 million for the nine months, reflecting loan growth and higher nonperforming loans.

Outlook and guidance

• Management expects to maintain current loan origination levels, continue digital banking investments, and pursue organic and selective acquisition growth.

• The company anticipates sufficient liquidity and capital to meet funding commitments and regulatory requirements.