FB Bancorp, Inc., the parent company of Fidelity Bank, reported a net income of $3.9 million for the fiscal year ending December 31, 2025, marking a significant increase of 161.4% from the previous year's net income of $1.5 million. This growth was primarily driven by a $6.6 million increase in net interest income, which rose to $48.0 million, reflecting a 15.8% year-over-year growth. The bank's total assets reached $1.26 billion, a 2.8% increase from $1.22 billion in 2024, largely due to an increase in investment securities, which rose by 33.7% to $326.3 million.
In terms of operational changes, FB Bancorp completed the sale of its mortgage division, NOLA Lending Group, on March 1, 2026, which had been a loss-making segment. This strategic decision allowed the company to focus on its core banking operations and resulted in a reduction of approximately 108 employees. The bank's loan portfolio composition shifted, with commercial real estate loans increasing to $248.7 million, representing 33.4% of total loans, while loans held for investment decreased slightly to $737.7 million, down 1.7% from the previous year.
FB Bancorp's deposit base also saw growth, with total deposits increasing by 5.1% to $841.4 million. Core deposits, however, experienced a slight decline, decreasing by 0.4% to $482.9 million. The bank's strategy to expand its presence in the Baton Rouge and Lafayette markets has contributed to this growth, with the new Lafayette branch opened in August 2025 generating approximately $27 million in deposits.
The company reported a provision for credit losses of $1.7 million, up from $1.5 million in 2024, reflecting an increase in non-performing loans, which totaled $16.9 million at year-end. The allowance for credit losses stood at $6.3 million, representing 0.85% of total loans. Despite the increase in non-performing loans, the bank maintained a conservative approach to underwriting, aiming to uphold strong asset quality.
Looking ahead, FB Bancorp plans to continue its focus on growing its commercial loan portfolio while enhancing its digital banking capabilities through its online-only division, Andi. The company remains committed to maintaining a strong liquidity position and is well-capitalized, with a Tier 1 leverage capital ratio of 20.02% as of December 31, 2025. The management's outlook emphasizes the importance of adapting to market conditions and regulatory changes while pursuing growth opportunities in its core banking operations.
About FB Bancorp, Inc. /MD/
FB Bancorp, Inc. is a bank holding company for Fidelity Bank, a Louisiana-chartered savings bank. It primarily engages in deposit-taking, residential and commercial mortgage lending, commercial banking, and investment in securities. Serving Louisiana, Mississippi, and Florida markets, it offers a range of loan and deposit products, emphasizing community relationships, local market knowledge, and risk-managed growth in a highly regulated banking environment.
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