FB Bancorp reported a net income of $1.3 million for the full year 2025, a significant improvement from a net loss of $6.2 million in 2024, driven by increased net interest income and the strategic exit from its mortgage banking segment. Despite a challenging quarter with a net loss of $1.4 million, the company demonstrated resilience in its continuing operations.
Full-year net income improved to $1.3 million in 2025 from a net loss of $6.2 million in 2024.
positiveNet income from continuing operations increased to $3.9 million in 2025 from $1.5 million in 2024.
positiveNet interest income increased by 15.82% to $48.0 million for the year ended December 31, 2025, compared to $41.4 million in 2024.
positiveThe company completed its initial stock repurchase program, repurchasing 1,983,750 shares.
positiveThe company reported a net loss of $1.4 million for the three months ended December 31, 2025, compared to a net loss of $5.4 million in the prior year period.
negativeNet loss from discontinued operations was $2.7 million for the year ended December 31, 2025, and $7.7 million for the year ended December 31, 2024.
negativeNon-performing loans increased to $16.9 million at December 31, 2025, from $13.0 million at December 31, 2024, representing 2.26% of total loans.
attentionTotal non-interest expenses increased by 6.40% to $45.6 million for the year ended December 31, 2025, compared to $42.9 million in 2024.
attentionResidential real estate loans are under elevated credit pressures due to rising insurance costs in the Gulf Coast lending markets.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Mortgage Banking Segment (Discontinued) | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
The decision to sell the mortgage banking segment was based on a number of strategic priorities, including the continued decline in mortgage volume.
This sale allows the Bank to exit a business segment that had a net loss of approximately $2.7 million in 2025 and reduce total employees by approximately 108 individuals.
Residential real estate loans remain under elevated credit pressures in our gulf coast lending markets due to rising insurance costs.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.