FB Bancorp, Inc. Announces Fourth Quarter and the Year 2025 Financial Results

New Orleans, Louisiana, February 18, 2026 - FB Bancorp, Inc. (NASDAQ: "FBLA") (the "Company"), the holding company for Fidelity Bank (the "Bank"), today announced net income for the year ended December 31, 2025 of $1.3 million, comprised of net income from continuing operations of $3.9 million and a net loss from discontinued operations of $2.7 million. On January 5, 2026, Fidelity Bank announced its execution of a purchase agreement to sell substantially all of the assets and liabilities of the Bank's mortgage banking segment, NOLA Lending Group. The closing date of this transaction is anticipated to be February 28, 2026. This transaction allows the Bank to exit a business segment with a 2025 annual net loss of approximately $2.7 million and reduce total employees by approximately 108 individuals. For the year ended December 31, 2024, the Company had a net loss of $6.2 million, comprised of net income from continuing operations of $1.5 million and a net loss from discontinued operations of $7.7 million. A goodwill impairment of $5.8 million, recognized in December 2024, was a significant reason for the 2024 loss from discontinued operations of $7.7 million. For the three months ended December 31, 2025, the Company had a net loss of $1.4 million, comprised of net income from continuing operations of $528 thousand and a net loss from discontinued operations of $1.9 million. For the same three-month period ended December 31, 2024, the Company had a net loss of $5.4 million, comprised of net income from continuing operations of $1.5 million and a net loss from discontinued operations of $6.8 million.

The Company is a Maryland corporation based in New Orleans, Louisiana. The Company's banking subsidiary, Fidelity Bank, operates 19 banking locations in New Orleans, Hammond, Lafayette, and Baton Rouge, Louisiana. The Company is a Maryland corporation incorporated in February 2024 to become the registered bank holding company for Fidelity Bank upon the Bank's 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 the Nasdaq Global Select Market under the trading symbol "FBLA" on October 23, 2024. Accordingly, the financial and other information prior to October 22, 2024, which is presented herein, is Bank-only.

About Fidelity Bank

Originally chartered in 1908, Fidelity Bank is a Louisiana state-chartered stock savings bank that conducts its business from its main office and 18 branch offices located in the East Baton Rouge, Jefferson, Lafayette, Orleans, St. Tammany, and Tangipahoa Parishes.

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Contact:
Christopher S. Ferris
President and Chief Executive Officer
(504) 569-8460