FB Bancorp (FBLA) Q4 2025 earnings summary

Executive summary

• Net income for 2025 was $1.3 million, reversing a net loss of $6.2 million in 2024, driven by improved continuing operations and the exit from a loss-making mortgage segment.

• Sale of the mortgage banking segment (NOLA Lending Group) is expected to close in Q1 2026, reducing headcount by 108 and eliminating a $2.7 million annual net loss.

• Initial public offering completed in October 2024, raising $198.4 million; stock began trading on Nasdaq as FBLA.

Financial highlights

• Net income from continuing operations was $3.9 million in 2025, up from $1.5 million in 2024; discontinued operations posted a $2.7 million net loss, improved from a $7.7 million loss in 2024.

• Net interest income rose 15.8% year-over-year to $48.0 million; net interest margin increased to 4.57% from 4.36%.

• Total assets grew to $1.26 billion at year-end 2025, up from $1.22 billion in 2024.

• Book value per share increased to $17.38 at year-end 2025 from $16.45 in 2024.

Outlook and guidance

• Anticipates $1.1 million in annual salary and benefit savings in 2026 from workforce reductions tied to the mortgage segment exit.

• Strategic focus on core banking operations following the divestiture of the mortgage segment.