FB Bancorp (FBLA) Q3 2026 earnings summary

Executive summary

• Q3 net income was $466k vs. $1.018m YoY; 9M net income was $515k, including $1.657m from continuing operations and a $1.142m discontinued-operations loss.

• 9M continuing-operations net income fell to $1.657m from $3.417m, mainly as higher non-interest expenses outweighed increased non-interest income.

Financial highlights

• 9M net interest income was $35.9m vs. $36.2m; provision for credit losses was $1.420m vs. $1.251m.

• 9M non-interest income rose to $4.369m from $3.135m, including a $1.2m gain on bank-owned life insurance proceeds in May 2026.

• 9M non-interest expense increased 9.52% to $37.1m from $33.8m; salaries and benefits rose $2.4m, including $1.7m in new stock-based compensation and $817k in gross severance.

• Q3 net interest income was $12.1m vs. $12.3m; non-interest expense rose 3.33% to $12.1m, while non-interest income declined to $1.0m from $1.1m.

Outlook and guidance

• Continued runoff of residential mortgage loans is expected; gross loans held for investment declined $7.0m over 9M, including $44.1m in residential mortgage net paydowns.

• No material future operating activity or losses are expected from discontinued operations after substantially all related assets and liabilities were disposed of or settled.