FB Bancorp Inc 2025年季度报告

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ FB Bancorp, Inc.Form 10-Q Index Part I. - Financial Information Item 1.Financial Statements (unaudited)3Consolidated Statements of Financial Condition3Consolidated Statements of Operations4Consolidated Statements of Comprehensive Income (Loss)5Consolidated Statements of Changes in Stockholders’ Equity6Consolidated Statements of Cash Flows7Notes to the Unaudited Financial Statements8 Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations32Item 3.Quantitative and Qualitative Disclosures about Market Risk44Item 4.Controls and Procedures44 Part II. - Other Information Item 1.Legal Proceedings45Item 1A.Risk Factors45 Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities45Item 3.Defaults Upon Senior Securities45Item 4.Mine Safety Disclosures45Item 5.Other Information45Item 6.Exhibits46Signature Page47 EXPLANATORY NOTE FB Bancorp, Inc. (the “Company,” “we”, “our” or “us”) was incorporated on February 29, 2024, to serve as thebank holding company for Fidelity Bank (“Fidelity” or the “Bank”) upon the consummation of the Bank’s conversionfrom the mutual form of organization to the stock form of organization, which occurred on October 22, 2024.TheCompany sold 19,837,500 shares of common stock (par value $0.01 per share) at $10.00 per share, for gross offeringproceeds of $198.4 million. The cost of conversion and issuance of common stock was approximately $4.7 million, For the three monthsended March 31,20252024(Dollars in thousands)Net income (loss)$705$(807)Other comprehensive income (loss): The accompanying notes are an integral part of these unaudited consolidated financial statements. 1.Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited financial statements of FB Bancorp, Inc. (the “Company”) were prepared in accordancewith GAAP for interim financial information, general practices within the financial services industry, and instructionsfor Regulation S-X. Accordingly, these interim financial statements do not include all of the information or footnotesrequired by GAAP for annual financial statements.However, in the opinion of management, all adjustmentsnecessary for a fair presentation of the financial statements have been included. The results of operations for the Critical Accounting Policies and Estimates In preparing the financial statements, the Company is required to make estimates and assumptions that affect theamounts reported in the financial statements and accompanying notes. Actual results could differ from thoseestimates. The financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair Recent Accounting Standards Adopted ASU No. 2023-07,Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The guidanceissued in this update requires improvement to the disclosures about a public entity’s reportable segments and moredetailed information about a reportable segment’s expenses and other segment items. Under this guidance, publicentities are required to disclose segment expenses and other segment items on an annual and interim basis and toprovide in interim periods all disclosures about a reportable segment that are currently required annually. The goal ofthese disclosures is to enable investors to develop more decision-useful financial analyses. This update is effective for In November 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which requires entitiesto disclose disaggregated information about their effective tax rate reconciliations as well as expanded information onincome taxes by jurisdiction. The standard is effective for fiscal years beginning afterDecember 15, 2024on a FB BANCORP, INC.NOTES TO THE UNAUDITED FINANCIAL STATEMENTS Recent Accounting Pronouncements: ASU No. 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures(Subtopic 220-40). The guidance issued in this update was designed to improve financial reporting by requiringentities to disclose additional information about specific expense categories in the notes to financial statements. Thisstandard is effective for annual reporting periods beginning after December 15, 2026, and interim reporting periodsbeginning after December 15, 2027. Early adoption is permitted. The amendments in this update should be applied Reclassifications Certain prior period amounts have been reclassified to conform to the current period presentation. Any changes inpresentation did not have a material impact on the Company’s financial condition or results of operations. 2.Earnings (Loss) Per Share Earnings (Loss) per share is calculated by dividing consolidated net income or loss (numerator) by the weighted-average common shares (denominator). The following tabl