FBLA's core profitability remains strained, with net interest income declining 7.5% in 2026Q1 and efficiency ratios frequently exceeding 70% throughout the observed period.
| Net Interest Income | 47.04M | 48M | 46.46M | 44.17M | 41.57M |
| NII Growth % | -4.21% | 3.33% | 5.18% | 6.26% | - |
| Net Interest Margin % | 3.72% | 3.82% | 3.8% | 3.93% | 4.13% |
| Interest Income | 65.29M | 65.81M | 65.89M | 54.3M | 43.81M |
| Interest Expense | 18.25M | 17.8M | 19.43M | 10.13M | 2.24M |
| Loan Loss Provision | 1.82M | 1.72M | 1.53M | 649K | -396K |
| Non-Interest Income | 1.17M | 3.76M | 20.02M | 24.68M | 27.45M |
| Non-Interest Income % | 1.76% | 5.41% | 23.3% | 31.25% | 38.52% |
| Total Revenue | 66.46M | 69.57M | 85.91M | 78.98M | 71.25M |
| Revenue Growth % | -96.05% | -19.02% | 8.77% | 10.84% | - |
| Non-Interest Expense | 41.84M | 45.23M | 71.29M | 66.75M | 67.3M |
| Efficiency Ratio | 62.95% | 65.01% | 82.99% | 84.52% | 94.45% |
| Operating Income | 4.55M | 4.82M | -6.35M | 1.45M | 2.1M |
| Operating Margin % | 6.85% | 6.92% | -7.39% | 1.83% | 2.95% |
| Operating Income Growth % | - | 175.81% | -538.61% | -31.21% | - |
| Pretax Income | 4.55M | 4.82M | -6.35M | 1.45M | 2.1M |
| Pretax Margin % | 6.85% | 6.92% | -7.39% | 1.83% | 2.95% |
| Income Tax | 816K | 870K | -137K | 330K | -5K |
| Effective Tax Rate % | 17.93% | 18.07% | 2.16% | 22.79% | -0.24% |
| Net Income | 667K | 1.25M | -6.21M | 1.12M | 2.11M |
| Net Margin % | 1% | 1.8% | -7.23% | 1.42% | 2.96% |
| Net Income Growth % | 114.19% | 120.16% | -655.81% | -47.01% | - |
| Net Income (Continuing) | 3.73M | 3.94M | -6.21M | 1.12M | 2.11M |
| EPS (Diluted) | 0.04 | 0.07 | -0.37 | 0.06 | 0.12 |
| EPS Growth % | 110.37% | 118.59% | -670.99% | -46% | - |
| EPS (Basic) | - | 0.07 | -0.37 | 0.06 | 0.12 |
| Diluted Shares Outstanding | 16.29M | 18.2M | 17M | 17.25M | 17.25M |
Mortgage market cyclicality
As reported in recent financial filings, FBLA's net interest income has exhibited significant volatility, culminating in a 7.5% decline in 2026Q1, which suggests that the bank is struggling to maintain core interest revenue amidst a challenging interest rate environment and shifting mortgage origination volumes.
The inconsistency in NII growth indicates that the bank's reliance on residential mortgage lending leaves it highly exposed to rate-driven refinancing cycles. Investors should monitor whether the bank can stabilize its interest-earning assets, as the current trajectory suggests a potential mismatch between funding costs and asset yields.
Based on the provided quarterly data, FBLA's net interest margin has remained suppressed, hovering near 0.9% to 1.1% throughout the observed period, which indicates that the bank is facing persistent pressure from rising deposit costs that are effectively eroding the yield on its mortgage-heavy loan portfolio.
The inability to expand NIM beyond 1.1% suggests that the bank's funding base may be more rate-sensitive than its legacy mutual status would imply. This margin compression warrants further investigation into the bank's deposit beta and its ability to reprice its loan book in a higher-for-longer rate environment.
According to the bank's income statement data, the efficiency ratio has frequently exceeded 70%, reaching as high as 99.6% in 2024Q4, which suggests that FBLA is currently struggling to manage its non-interest expenses relative to its total revenue generation capacity following its recent conversion.
The elevated efficiency ratio appears to be a byproduct of the fixed-cost burden associated with maintaining a physical branch network in Louisiana. Management must demonstrate an ability to scale revenue or rationalize these expenses to improve operating leverage, as the current levels are unsustainable for long-term profitability.
As evidenced by the historical data, non-interest income has fluctuated significantly, with fee income as a percentage of revenue dropping to -2.5% in 2025Q4, highlighting the bank's extreme dependency on volatile mortgage banking activities rather than stable, recurring wealth management or service-based fee streams.
This reliance on transactional mortgage fees creates a high-beta revenue profile that is inherently sensitive to housing market cycles. The negative fee contribution in recent periods suggests that the bank may be experiencing valuation adjustments or hedging losses that further complicate its earnings visibility.
Based on the reported $60.2 million in cash and equivalents, FBLA's earnings quality appears obscured by its transition to a public entity, as the bank currently generates a net margin of only 1.80%, suggesting that its capital is currently underutilized and failing to drive meaningful returns.
The bank's significant cash position may provide a liquidity buffer, but it also acts as a drag on return on equity if not deployed into higher-yielding assets. Investors should monitor whether management can successfully pivot from a conservative mutual-style balance sheet to a more aggressive, growth-oriented capital allocation strategy.
Quick answers to the most common questions about buying FBLA stock.
FB Bancorp, Inc. Common Stock (FBLA) is profitable, generating $1.3M in net income for the fiscal year ending 2025 with a net profit margin of 1.8%.
FB Bancorp, Inc. Common Stock (FBLA) reported an operating income of $4.8M, resulting in an operating profit margin of 6.9%. This margin reflects the operational efficiency of the business before interest and taxes.
FB Bancorp, Inc. Common Stock (FBLA) generated $50.0M in gross profit for the year, representing a gross profit margin of 71.9%. This demonstrates the company's core pricing power and production efficiency.