FB Bancorp reported net income of $49 thousand for the six months ended June 30, 2026, with continuing operations net income of $1.2 million and a $1.1 million loss from discontinued operations tied to the sale of its mortgage banking segment. For Q2 2026 the company recorded a net loss of $70 thousand (continuing operations income $697 thousand, discontinued operations loss $767 thousand). Total assets were $1.23 billion and total deposits were $811.0 million at June 30, 2026.

Financial Highlights

  • Net income (six months ended June 30, 2026): $49 thousand; net income from continuing operations: $1.2 million; net loss from discontinued operations: $1.142 million.
  • Q2 2026 net loss: $70 thousand; continuing operations net income for Q2: $697 thousand; discontinued operations net loss for Q2: $767 thousand.
  • Net interest income (six months): $23.744 million; net interest margin (six months): 4.34%.
  • Total non-interest income (six months): $3.349 million, including a $1.2 million gain on bank-owned life insurance proceeds in May 2026.
  • Total non-interest expenses (six months): $24.947 million; provision for credit losses (six months): $965 thousand.

Business Highlights

  • Completed sale of substantially all assets and liabilities of the mortgage banking segment, NOLA Lending Group; sale closed March 1, 2026, and resulted in discontinued operations treatment under ASC 205-20.
  • Mortgage banking exit reduced headcount by approximately 108 employees; as of June 30, 2026 one employee remained supporting remaining runoff activity.
  • Loans held for investment were $745.5 million at June 30, 2026 with growth in total commercial loans (+$28.5 million for the six months) offset by runoff of residential mortgage loans sourced through the sold mortgage banking segment.
  • Total deposits were $811.0 million at June 30, 2026 (down $30.4 million vs. Dec 31, 2025); the company increased FHLB borrowings to $111.2 million to offset deposit declines and had approximately $292 million of unused FHLB line capacity.
  • Opened a Lafayette branch in August 2025 and increased staffing for that location; reorganization and severance actions incurred near-term costs with expected annual savings of approximately $749 thousand within continuing operations.

Original SEC Filing:

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