FB Bancorp Reports $1.6 Million Net Income for Six Months Ended June 30, 2025

FB Bancorp, Inc. reported a net income of $1.6 million for the six months ended June 30, 2025, a significant increase from the $42,000 recorded in the same period of the previous year. This growth was primarily driven by a 19.1% rise in net interest income, which reached $26 million, compared to $21.8 million in the prior year. The increase in net interest income was attributed to a $3.3 million rise in interest income, largely from loans held for investment, which saw an average yield increase to 7.13%. Total interest expense decreased by 9.1% to $8.5 million, reflecting a reduction in interest on borrowed funds following the retirement of over $100 million in borrowings.

In terms of financial position, total assets increased by 2.1% to $1.25 billion as of June 30, 2025, up from $1.22 billion at the end of 2024. This growth was fueled by a $19.9 million increase in net loans held for investment, which totaled $770.5 million, and a $16.1 million rise in available-for-sale investment securities. Deposits also saw a 3.0% increase, reaching $824.8 million, driven by a notable rise in interest-bearing deposits. However, core deposits experienced a decline, decreasing by 3.2% to $469.3 million.

FB Bancorp has been actively expanding its operations, particularly in the Baton Rouge and Lafayette markets, where it has established new lending teams and a branch office. The company aims to diversify its loan portfolio, focusing on increasing originations of commercial real estate and commercial loans. As of June 30, 2025, commercial real estate loans accounted for 32.7% of total loans, while commercial loans made up 13.4%. The company also reported a total of 324 full-time equivalent employees, down from 368 a year earlier, reflecting a strategic reduction in staffing within its mortgage banking segment.

Looking ahead, FB Bancorp plans to continue its focus on organic growth while remaining open to potential acquisitions to enhance its market presence. The company is also investing in its digital banking infrastructure to meet evolving customer needs. Management remains optimistic about maintaining strong asset quality through conservative underwriting practices, despite an increase in non-performing loans to $13 million, or 1.7% of total loans, as of June 30, 2025. The company’s capital ratios indicate a well-capitalized status, with Tier 1 leverage capital at 20.3%, providing a solid foundation for future growth initiatives.