Filing Analysis
Dr. Stephen W. Hales has retired from the Board of Directors of FB Bancorp, Inc., effective July 29, 2026. The departure is characterized as a standard retirement in accordance with company guidelines and not due to any disagreement.
📋 Key Facts
- Dr. Stephen W. Hales retired from the Board on July 29, 2026.
- The departure was effective immediately upon notification.
- The Company stated the retirement was in accordance with Director Guidelines and not due to disagreements regarding operations or policies.
- Mr. Mark Romig has been appointed as Chair of the Nominating/Governance Committee.
FB Bancorp, Inc. filed an 8-K to announce its financial results for the quarter ended June 30, 2026. The filing serves as a formal notification that a press release containing these results was issued on July 28, 2026.
📋 Key Facts
- Reporting period: Quarter ended June 30, 2026.
- Filing date: July 28, 2026.
- The company is an emerging growth company.
- Financial results were released via press release (Exhibit 99.1).
FB Bancorp, Inc. announced the separation of its Chief Operating Officer, Randall L. Baker, effective June 16, 2026. The departure is characterized as a qualifying termination under the company's executive severance plan.
🚩 Red Flags
- Sudden departure of a C-suite officer (COO) can sometimes signal internal friction or strategic shifts, though no specific cause was provided in this filing.
📋 Key Facts
- Randall L. Baker separated from his role as Chief Operating Officer on June 16, 2026.
- The separation is governed by the Fidelity Bank Executive Severance Plan.
- A separation agreement including a customary release of claims will be filed in the upcoming Form 10-Q for the period ending June 30, 2026.
FB Bancorp, Inc. announced the authorization of a share repurchase program on June 12, 2026. The company intends to buy back up to 1,606,837 shares of its common stock.
📋 Key Facts
- Authorization date: June 12, 2026
- Maximum shares to be repurchased: 1,606,837
- Repurchase volume represents approximately 10% of currently outstanding shares
FB Bancorp, Inc. announced the completion of its second stock repurchase program on May 19, 2026. The company repurchased 1,785,375 shares of its common stock, representing approximately 10% of its then outstanding shares, at an average price of $13.717 per share.
📋 Key Facts
- Completed second stock repurchase program on May 19, 2026.
- Repurchased 1,785,375 shares of common stock.
- The repurchased shares represented 10% of the company's then outstanding shares.
- The average price paid per share was $13.717, inclusive of trading costs and commissions.
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.
FB Bancorp, Inc. filed an 8-K to announce the release of its financial results for the quarter and fiscal year ended December 31, 2025.
📋 Key Facts
- Reporting period: Quarter and Year ended December 31, 2025.
- Filing date: February 18, 2026.
- The company is an emerging growth company.
- Financial results were released via press release (Exhibit 99.1).
FB Bancorp, Inc. has authorized a share repurchase program for up to 1,785,375 shares of its common stock. This represents approximately 10% of the company's currently outstanding shares.
📋 Key Facts
- Authorization of a share repurchase program on February 9, 2026.
- Total shares to be repurchased: up to 1,785,375 shares.
- Repurchase volume represents approximately 10% of currently outstanding common stock.
FB Bancorp, Inc. announced the completion of its initial stock repurchase program. The company repurchased 1,983,750 shares, representing approximately 10% of its outstanding common stock.
📋 Key Facts
- Repurchased 1,983,750 shares of common stock.
- The repurchase represents 10% of the then-outstanding shares.
- Average purchase price was $12.725 per share (inclusive of costs).
- Program completed on January 14, 2026.
FB Bancorp, Inc., through its subsidiary Fidelity Bank, has entered into an agreement to sell the assets of its NOLA division to First Federal Bank. The transaction is expected to close in Q1 2026 and involves the transfer of tangible personal property, security deposits, prepaid expenses, and intellectual property.
🚩 Red Flags
- Divestiture of a specific division (NOLA) may indicate a strategic retreat or a need to consolidate operations/liquidity.
📋 Key Facts
- Fidelity Bank (subsidiary of FB Bancorp) entered into an Asset Purchase Agreement with First Federal Bank on December 31, 2025.
- The transaction involves the sale of assets from Fidelity Bank's NOLA division.
- Consideration includes net book value of tangible personal property, security deposits on real property leases, prepaid expenses, and $1,000 for intellectual property.
- Closing is anticipated to occur in the first quarter of 2026.
- The agreement includes non-competition, non-interference, and non-solicitation restrictions.
FB Bancorp, Inc. held its Annual Meeting of Stockholders on December 9, 2025. The filing reports the results of shareholder votes regarding director elections, an equity incentive plan, and the ratification of the company's independent auditor.
📋 Key Facts
- Annual Meeting held on December 9, 2025.
- Katherine A. Crosby was elected to the Board of Directors with 8,308,790 votes in favor.
- Christopher S. Ferris was elected to the Board of Directors with 8,427,289 votes in favor.
- Stephen W. Hales was elected to the Board of Directors with 7,695,096 votes in favor.
- The FB Bancorp, Inc. 2025 Equity Incentive Plan was approved by shareholders (8,287,624 votes in favor).
- EisnerAmper LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025.
FB Bancorp, Inc. has announced a share repurchase program for up to 1,983,750 shares of its common stock. This represents approximately 10% of the company's currently outstanding shares.
📋 Key Facts
- Authorization of a share repurchase program on November 13, 2025.
- Total shares to be repurchased: up to 1,983,750 shares.
- Repurchase volume represents approximately 10% of currently outstanding common stock.
FB Bancorp, Inc. filed an 8-K to announce the release of its financial results for the fourth quarter and full year ended December 31, 2024.
📋 Key Facts
- Reporting period: Fourth quarter and fiscal year ended December 31, 2024.
- Filing date: February 18, 2025.
- The filing includes a press release (Exhibit 99.1) containing the financial results.
FB Bancorp, Inc. announced a non-cash goodwill impairment charge of $5,786,000 related to its NOLA Lending Group segment. The impairment is driven by declining mortgage origination volumes due to the high interest rate environment.
🚩 Red Flags
- Significant write-down of assets ($5.786M) impacting quarterly earnings.
- Severe and consistent decline in core business segment volume (from $1.2B to $0.4B over 5 years).
- Triggering event identified as the 'continued elevated interest rate environment' affecting mortgage demand.
📋 Key Facts
- The company will record a non-cash goodwill impairment charge of $5,786,000.
- The entire balance of goodwill established in January 2014 for NOLA is being written off.
- NOLA's annual closed secondary mortgage volume has declined from $1.2 billion in 2020 to $0.4 billion in 2024.
- The impairment will materially impact fourth quarter 2024 reportable earnings.
- Management states the impairment does not impact cash flows, liquidity, tangible book equity, or regulatory capital ratios.
FB Bancorp, Inc. has completed its initial public offering (IPO) following the conversion of its subsidiary, Fidelity Bank, from a mutual to a stock form of organization. The company's common stock is scheduled to begin trading on the Nasdaq Capital Market under the symbol 'FBLA' on October 23, 2024.
📋 Key Facts
- Completion of IPO effective October 22, 2024.
- Conversion from mutual form of organization to stock form of organization.
- Common stock expected to begin trading on Nasdaq Capital Market on October 23, 2024.
- Trading symbol: FBLA.
FB Bancorp, Inc. announced the upcoming conversion of Fidelity Bank from a mutual to a stock form of organization. The company's initial public offering (IPO) is expected to close on October 22, 2024, with common stock trading on Nasdaq under 'FBLA' starting October 23, 2024.
📋 Key Facts
- Conversion from mutual form of organization to stock form of organization expected to close on October 22, 2024.
- Initial Public Offering (IPO) is related to the bank conversion.
- Common stock trading symbol: FBLA.
- Expected Nasdaq Capital Market debut date: October 23, 2024.
FB Bancorp, Inc. has entered into an Agency Agreement with Performance Trust Capital Partners, LLC to assist in marketing common stock during a conversion from a mutual savings bank to a stock savings bank.
🚩 Red Flags
- Potential dilution for existing shareholders through the stock offering and conversion process.
📋 Key Facts
- Agreement dated August 12, 2024, with Performance Trust Capital Partners, LLC.
- Purpose: Marketing common stock for the Bank's proposed conversion from mutual to stock savings bank.
- Management fee of $30,000 (to be credited against success fees).
- Success fee: 0.95% for subscription offering and 1.50% for community offering (excluding certain insiders/institutional investors).
- Success fee: 5.00% for shares sold to accredited institutional investors in the community offering.
- Reimbursement of legal fees up to $150,000 and other expenses up to $60,000 (with potential increases).
- Conversion agent/data processing fee: $40,000 total ($20,000 already paid).