FB Bancorp, Inc. reported a net income of $1.1 million for the third quarter of 2025, a significant turnaround from a net loss of $895,000 in the same period last year. This improvement was driven by an 18.9% increase in net interest income, which rose to $13.6 million, compared to $11.4 million in the prior year. The company also saw a decrease in non-interest expenses, which fell to $17 million from $17.6 million, primarily due to reduced salaries and employee benefits. For the nine months ending September 30, 2025, net income totaled $2.7 million, compared to a loss of $853,000 for the same period in 2024.
Total assets for FB Bancorp increased by 3.5% to $1.26 billion as of September 30, 2025, up from $1.22 billion at the end of 2024. This growth was attributed to a $54.2 million increase in available-for-sale investment securities and a $15.4 million rise in loans held for sale. However, cash and cash equivalents decreased by 33.5% to $65.7 million, reflecting a strategic shift towards funding earning assets. The company’s total deposits also rose by 4.9% to $839.9 million, driven by a notable increase in certificates of deposit.
FB Bancorp's loan portfolio showed mixed results, with loans held for investment increasing slightly to $753.8 million, a 0.4% rise from the previous year. The growth was primarily in commercial real estate and home equity loans, while residential mortgage loans saw a decline. The company has focused on diversifying its loan portfolio, particularly in commercial lending, which now constitutes a significant portion of its total loans. The allowance for credit losses was 0.82% of total loans, reflecting a cautious approach to credit risk management.
Strategically, FB Bancorp has been expanding its operations, particularly in the Baton Rouge and Lafayette markets, and has launched a fully digital banking division to enhance customer engagement. The company is also investing in its online banking infrastructure to meet evolving customer needs. As of September 30, 2025, the bank had 19 offices and employed 321 full-time equivalent staff, down from 352 a year earlier, indicating a focus on operational efficiency.
Looking ahead, FB Bancorp aims to continue its growth trajectory by increasing its loan originations, particularly in commercial real estate, while maintaining strong asset quality through conservative underwriting practices. The company remains committed to enhancing its core deposit base and exploring potential acquisition opportunities to further expand its market presence.
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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