FB Bancorp, Inc. /MD/ FBLA
FB Bancorp, Inc.
FB Bancorp, Inc. ("FB Bancorp," the "Company," "we," "our") is a Maryland corporation that was incorporated in February 2024 to become the registered bank holding company for Fidelity Bank upon its conversion from the mutual-to-stock form of organization, which occurred on October 22, 2024. The Company sold 19,837,500 shares of common stock, par value $0.01 per share, at a price of $10 per share, for gross proceeds of $198,375,000. Shares of the Company's common stock began trading on October 23, 2024, on the Nasdaq Global Select Market under the trading symbol "FBLA."
We conduct our operations from our headquarters in New Orleans, Louisiana, primarily through Fidelity Bank. The Company is the sole shareholder of Fidelity Bank, and as such, is a bank holding company subject to regulation by the Federal Reserve Board.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $65.8M | $60.9M | $69.1M | — |
| SG&A | $6.1M | $5.2M | $8.9M | — |
| Interest expense | $48.0M | $41.4M | $44.2M | — |
| Pre-tax income | $4.8M | $1.7M | $1.4M | — |
| Income tax | $870.0K | $195.0K | $330.0K | — |
| Net income | $1.3M | -$6.2M | $1.1M | — |
| EPS, basic | 0.07 | -1.74 | — | — |
| EPS, diluted | 0.07 | -1.74 | — | — |
| Shares, diluted (wtd. avg.) | 18.2M | 3.6M | 0 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $60.3M | $98.8M | $87.1M | $60.7M |
| Property, plant and equipment | $57.1M | $53.2M | $51.5M | — |
| Goodwill | — | $0 | $5.8M | $5.8M |
| Total assets | $1.26B | $1.22B | $1.12B | — |
| Total liabilities | $941.0M | $894.7M | $968.2M | — |
| Retained earnings | $167.2M | $165.9M | $172.1M | — |
| Total equity | $314.4M | $326.3M | $156.7M | $152.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $2.8M | $814.0K | -$7.0M | — |
| Depreciation and amortisation | $2.7M | $2.5M | $2.4M | — |
| Stock-based compensation | $45.0K | — | — | — |
| Capital expenditure | $6.7M | $5.4M | $7.0M | — |
| Investing cash flow | -$64.7M | -$92.3M | -$84.1M | — |
| Financing cash flow | $23.4M | $103.2M | $117.5M | — |
| Buybacks | $22.2M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-126081.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $69.1M | $60.9M | $65.8M |
| Gross profit | — | — | — | — |
| Net income | — | $1.1M | -$6.2M | $1.3M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Results announced Item 2.02
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6036
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | $4.31B | — | -25.0% |
| BBT | Beacon Financial Corp | $2.52B | 29.2x | 81.1% |
| HFWA | HERITAGE FINANCIAL CORP /WA/ | $1.19B | 14.9x | 1.5% |
| NBBK | NB Bancorp, Inc. | $1.01B | 17.2x | 14.8% |
| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $792.0M | 13.9x | 11.7% |
| TCBX | Third Coast Bancshares, Inc. | $662.9M | 10.5x | — |
| GCBC | GREENE COUNTY BANCORP INC | $606.3M | 19.5x | 13.5% |
| HBCP | HOME BANCORP, INC. | $483.6M | 10.5x | 4.9% |