FB Bancorp, Inc. /MD/ Business Summary

FB Bancorp, Inc. (FBLA) operates as the bank holding company for Fidelity Bank, a New Orleans-based financial institution that generates revenue primarily through net interest income derived from a diverse portfolio of residential mortgages, commercial real estate, and consumer loans. The company historically operated through two primary segments—Traditional Banking and Mortgage Banking—but has recently undergone a strategic restructuring to streamline its core operations. In early 2026, the company announced the divestiture of its NOLA Lending Group mortgage division to First Federal Bank, shifting its focus toward high-touch community banking and commercial lending in the Gulf South. FBLA competes in the regional small-cap banking sector against peers such as Burke & Herbert Financial Services (BHRB), Southside Bancshares (SBSI), and Northeast Bancorp (NBN). Within this landscape, FBLA distinguishes itself by leveraging the substantial capital surplus from its late-2024 mutual-to-stock conversion to fund aggressive stock repurchase programs and organic market expansion. The leadership team is anchored by President and CEO Christopher S. Ferris, who has led the institution since 2018 and brings a pedigree from BB&T (now Truist), where he held various senior leadership roles in regional banking. Supporting the executive suite are CFO Todd M. Wanner, who has overseen the bank’s financial strategy and capital management since 2014, and COO Randall L. Baker, an industry veteran with expertise in digital transformation and strategic planning who joined the firm in 2022. The company’s governance is managed by a board of directors comprising local business leaders and financial experts who supervised the transition to a publicly traded entity on the NASDAQ. Following its successful conversion, the company has attracted significant interest from institutional investors focused on the community banking sector, such as FJ Capital Management, and continues to prioritize shareholder value through disciplined capital deployment and operational efficiency.