FB Bancorp, Inc. /MD/ — Form 8-K
Filed July 28, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
FB Bancorp reported net income of $49K for H1 2026 ($1.2M continuing ops) vs. $1.6M in H1 2025. The decline was driven by a $1.1M loss from discontinued operations (mortgage banking segment NOLA Lending Group, sold March 1, 2026) and a $2.8M increase in non-interest expenses, partially offset by a $1.3M rise in non-interest income. Net interest margin compressed to 4.34% from 4.63%. The company repurchased 3.77M shares at avg. $13.20/share under prior programs; a new authorization allows repurchase of up to 1.61M shares (10% of outstanding). Deposits fell $30.4M (-3.62%) to $811M; other borrowings rose $32.9M (+42.08%) to $111.2M.
Why this rating
Mortgage exit resolves stated strategic priority but near-term earnings pressure; margin compression and modest loan growth offset by cost increases relative to ~$223M market cap; material but manageable.
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