Filing Analysis
FB Bancorp, Inc. (FBLA) issued a press release on May 6, 2026, announcing its financial results for the fiscal quarter ended March 31, 2026. The filing serves as a standard regulatory disclosure of quarterly performance.
Key Facts
- Reported financial results for the quarter ended March 31, 2026
- Press release dated May 6, 2026, was included as Exhibit 99.1
- The company is classified as an emerging growth company
- The report was signed by Todd Wanner, Chief Financial Officer and Treasurer
FB Bancorp, Inc. announced that Katherine A. Crosby will transition from her role as Executive Chair to non-executive Chair of the Board, effective June 30, 2026. The transition includes a compensation package consisting of $250,000 in cash and $250,000 in restricted stock vesting over two years.
Key Facts
- Katherine A. Crosby will transition to non-executive Chair on June 30, 2026.
- Ms. Crosby will receive a $250,000 cash payment in four equal installments of $62,500 through June 30, 2028.
- A restricted stock grant valued at $250,000 will vest in four installments through June 30, 2028.
- The existing employment agreement dated March 6, 2024, will be terminated and superseded by the new Transition Agreement.
- Post-employment restrictive covenants will remain in effect for six months following the transition date.
- The company will reimburse COBRA health care costs for Ms. Crosby and her dependents until she reaches age 65.
FB Bancorp, Inc. reported the results of its Annual Meeting of Stockholders held on April 29, 2026. The meeting resulted in the election of three directors and the ratification of the company's independent auditor.
Key Facts
- Annual Meeting of Stockholders was held on April 29, 2026.
- J. Luis Baños, Jr., Gerard W. Barousse, Jr., and Mark C. Romig were elected as directors for three-year terms.
- EisnerAmper LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
- Voting results for J. Luis Baños, Jr. showed a notable amount of 'Withhold' votes (3,210,102) compared to 'For' votes (6,495,768), though the nominee was still elected.
FB Bancorp, Inc. announced that its subsidiary, Fidelity Bank, completed the sale of certain assets of its NOLA mortgage division to First Federal Bank on March 1, 2026. The transaction was executed according to a previously disclosed Asset Purchase Agreement dated December 31, 2025.
Key Facts
- The sale was completed on March 1, 2026.
- The assets sold belonged to the NOLA mortgage division of Fidelity Bank.
- The purchaser is First Federal Bank, based in Lake City, Florida.
- The original Asset Purchase Agreement was signed on December 31, 2025.
- FB Bancorp, Inc. is an emerging growth company.