secwatch.observer — SEC 8-K summary
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Issuer:     FB Bancorp, Inc. /MD/ (FBLA)
CIK:        0002013639
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000950170-25-022248
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FB Bancorp posts FY 2024 net loss of $6.2M; Q4 loss $5.4M on $5.8M goodwill impairment
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- Net loss of $6.2M for FY 2024 vs. net income of $1.1M in FY 2023; Q4 net loss $5.4M vs. $1.2M loss in Q4 2023.
- Goodwill impairment of $5.8M in Q4 related to NOLA Lending Group; excluding it, Q4 net income would have been $425K.
- Net interest income rose 5.18% to $46.5M for FY 2024; net interest margin fell to 4.36% from 4.72%.
- Non-interest income down 19.72% to $20.0M due to lower mortgage servicing gains and sales.
- Raised $198.4M in IPO in October 2024; total assets $1.22B; equity-to-assets 26.72% from 13.93%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2013639/000095017025022248/0000950170-25-022248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2013639/000095017025022248/ck0002013639-20250218.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-022248

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