Monitor next quarter for expense trajectory and loan growth; the mortgage exit removes a drag but continuing operations remain under pressure from cost inflation. Buyback support may limit downside but does not offset fundamental weakness.
Price Chart
Executive Summary
FB Bancorp reported Q1 2026 net income from continuing operations of $494K, down 64% YoY from $1.37M, driven by a 9.75% increase in non-interest expenses. EPS fell to $0.03 from $0.08. The mortgage banking segment was sold on March 1, 2026, now reported as discontinued operations. Elevated expenses and flat net interest income signal near-term earnings pressure.
Key Financial Metrics
Key Facts
- Net income from continuing operations: $494K vs $1.37M YoY (down 64%)
- EPS from continuing operations: $0.03 vs $0.08 YoY
- Net interest income flat at $11.8M
- Non-interest expenses up 9.75% to $11.9M
- Sale of NOLA Lending Group (mortgage unit) closed on March 1, 2026
- Share repurchases continued: 1.55M shares at avg $13.66 in current program
- Non-performing loans at 2.00% of total loans, slightly improved from 2.26% at year-end
- Total equity decreased $16.7M to $297.7M due to buybacks and AOCI losses
Financial Impact
Net income from continuing operations fell 64% YoY; core earnings power weakened despite flat net interest income.
Risk Factors
- Further expense growth from new branch expansion and staffing
- Net interest margin compression (4.47% vs 4.60% a year ago)
- Elevated non-performing loans (1.98%) with Gulf Coast insurance cost headwinds
- Potential additional reserve builds if credit quality deteriorates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-209096 |
| Document: ck0002013639-20260506.htm | 0001193125-26-209096 |
| Document: 0001193125-26-209096-index-headers.html | 0001193125-26-209096 |
| Document: 0001193125-26-209096-index.html | 0001193125-26-209096 |
| Document: 0001193125-26-209096.txt | 0001193125-26-209096 |
| 8-K Data (Synthetic) | 0001193125-26-209096 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 3, 2026 12w ago | 8-K | $15.86 | awaiting T+60 | — | $16.99 (+7.12%) |
Jul 28, 2026 12w ago | 8-K | $15.54 $16.73 | ▼ −7.69% | ▼ −2.96% | $16.99 (−9.37%) |
Jun 12, 2026 19w ago | 8-K | $14.45 $15.88 | ▲ +9.90% | ▲ +8.89% | $16.99 (+17.58%) |
May 19, 2026 22w ago | 8-K | $13.97 $15.66 | ▲ +12.10% | ▲ +7.09% | $16.99 (+21.62%) |
May 6, 2026 24w ago | 8-K | $14.18 $15.54 | ▼ −9.59% | ▼ −5.76% | $16.99 (−19.82%) |
US Market Status
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