FBLA earnings analysis
What we found in FBLA's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
FB Bancorp’s Q2 2026 operating trend was weaker: revenue was $14.139 million versus $18 million in Q1 2026 and $22 million in Q2 2025, while continuing-operations EPS declined to $0.05 from $0.06 year over year. Total diluted EPS was $0.00 and the company reported a $70 thousand net loss because of discontinued operations. Commercial loan growth and lower non-performing loans were positives, and the company repurchased 946,813 shares at $14.01, but no numeric financial guidance was provided and the filing reported 0 material changes to prior risk factors.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue declined sequentially and year over year
- Q2 2026 revenue was $14.139 million, down from $18 million in Q1 2026 and $22 million in Q2 2025, indicating sequential and year-over-year contraction.
- Core earnings remained positive
- Continuing-operations EPS was $0.05 versus $0.06 in Q2 2025. The company also reported total diluted EPS of $0.00 and a $70 thousand net loss, reflecting the effect of discontinued operations.
- Meaningful share repurchases continued
- The company repurchased 946,813 shares during the quarter at an average price of $14.01 per share, supporting per-share value despite the earnings pressure.
- New 10% repurchase authorization
- The June 2026 Repurchase Plan authorized 1,606,837 shares, approximately 10% of shares outstanding; 120,197 shares had been repurchased under the plan as of August 12, 2026.
- Credit and commercial lending trends improved
- Non-performing loans declined and commercial loan growth continued, according to the quarter’s reported operating commentary, although the filing did not provide segment-level revenue data.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Discontinued operations still weigh on results
- Total diluted EPS was $0.00 and the company recorded a $70 thousand net loss, as discontinued operations offset profitability from continuing operations.
- Revenue and earnings momentum weakened
- Revenue fell to $14.139 million from $22 million a year earlier, while continuing-operations EPS declined to $0.05 from $0.06, indicating weaker operating momentum.
- Capital allocation and liquidity tradeoff
- The company repurchased 946,813 shares at an average price of $14.01 and had 120,197 shares remaining repurchased under the new plan as of August 12; continued buybacks could constrain capital available for balance-sheet or lending needs.
- No new risk-factor disclosures
- Item 1A states there were 0 material changes to the risk factors disclosed in the December 31, 2025 Form 10-K; no newly disclosed risk mitigants or exposures were identified.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.05
What they said about what is next.
No numeric revenue or EPS outlook was provided. Management expects remaining discontinued-operation losses to be significantly less during the final months of 2026.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 14, 2026
- FB Bancorp, Inc. faced a challenging quarter ending March 31, 2026, with net income from continuing operations falling to $494,000 from $1.4 million year-over-year. Revenue remains under pressure, though total interest…
- 10-K · March 26, 2026
- FB Bancorp completed its conversion and stock offering in October 2024 (19,837,500 shares at $10 for gross proceeds of $198,375,000) and, at December 31, 2025, operated a $744.9M loan portfolio with a strategic emphasis…
- 10-Q · November 12, 2025
- FB Bancorp reported Q3 2025 total revenue of $18.735M and net income of $1.080M (EPS $0.06). Revenue rose 11.6% year-over-year (Q3 2025 $18.735M vs Q3 2024 $16.795M) but declined sequentially from Q2 2025 ($22.0M) by…
- 10-Q · August 14, 2025
- FB Bancorp reported Q2 2025 total revenue of $18.111 million and net income of $0.879 million (EPS $0.05). Revenue declined sharply both sequentially and year-over-year, driven by a drop in non-interest income (notably…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing FBLA makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever