Quarterly ResultMay 14, 2026, 12:21 PM
FB Bancorp Q1 Net Income Plunges 83.1% to $119K; EPS $0.01
AI Summary
FB Bancorp reported a significant decline in its first-quarter 2026 financial results, with net income falling 83.1% year-over-year to $119 thousand and EPS dropping to $0.01. The company completed the sale of its mortgage banking segment, NOLA Lending Group, on March 1, 2026, which contributed a net loss of $375 thousand for the quarter, an improvement from the prior year. Net income from continuing operations also decreased by 63.9%.
Key Highlights
- FB Bancorp Q1 2026 net income decreased 83.1% to $119 thousand from $705 thousand in Q1 2025.
- Basic and diluted EPS for Q1 2026 was $0.01, down from $0.04 in Q1 2025.
- Net income from continuing operations fell 63.9% to $494 thousand in Q1 2026.
- The company sold its mortgage banking segment, NOLA Lending Group, on March 1, 2026.
- Net loss from discontinued operations improved to $(375) thousand in Q1 2026 from $(665) thousand in Q1 2025.
- Net interest income remained stable at $11,843 thousand in Q1 2026, a slight decrease from $11,847 thousand.
- Total assets increased to $1.265 billion as of March 31, 2026, from $1.255 billion at December 31, 2025.
- The company repurchased common stock worth $14,317 thousand during Q1 2026.
Price Impact
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