Christopher S. Ferris, President and Chief Executive Officer

Mr. Ferris has served as President and CEO of Fidelity Bank and NOLA Lending Group since January 1, 2018. Before his appointment as CEO, he was the Bank's Chief Banking and Operations Officer. Prior to joining Fidelity Bank in 2014, Mr. Ferris gained extensive bank leadership experience at the large regional bank, Truist (formerly BB&T).

Todd M. Wanner, Chief Financial Officer

Mr. Wanner serves as the Principal Accounting Officer and Chief Financial Officer of FB Bancorp and Fidelity Bank. He recently purchased shares of the company's common stock in February 2026.

Katherine A. Crosby, Executive Chairman

Ms. Crosby was named chairman of the board in August 2010. She is the great-granddaughter of Allain C. Andry, Sr., one of the original founders of Fidelity Bank in 1908. She has broad knowledge in various aspects of the banking industry, particularly financial institution management. Ms. Crosby previously served on the Board of the New Orleans Branch of the Atlanta Federal Reserve Bank from 2019-2024.

Randall L. Baker, Chief Operating Officer

Mr. Baker is the Chief Operating Officer of FB Bancorp and Fidelity Bank. In March 2026, he sold shares of the company's common stock, and he also indirectly owns shares through an IRA, 401(k), and ESOP.

Josh C. Folds, Chief Banking Officer

Mr. Folds serves as the Chief Banking Officer of Fidelity Bank. He has been involved in insider stock transactions, including a purchase of shares in June 2025.

Here are the key risks to FB Bancorp (FBLA) in order from most significant to less significant:

1. Credit Risk and Asset Quality Concerns: FB Bancorp faces elevated credit risk due to a high level of bad loans, with 2.3% of its loans identified as problematic. Non-performing loans at 1.92% also signal significant credit risk. This indicates that a notable portion of its loan portfolio may not be repaid, directly impacting the company's financial health and profitability.
2. Profitability Concerns and Earnings Volatility: The company has demonstrated persistent profitability concerns, evidenced by poor returns on assets (0.09%) and equity (0.32%), which undermine its valuation appeal. Earnings volatility and high non-performing asset ratios have continued to outweigh balance sheet growth, contributing to its underperformance compared to the broader market.
3. Exposure to Regional Economic Conditions: As a community banking institution, FB Bancorp is significantly exposed to the economic conditions and stability within its specific regional footprint. Any downturns or adverse changes in the local economy could directly impact the quality of its loan portfolio, deposit growth, and overall business operations.

FB Bancorp (NASDAQ: FBLA) anticipates several key drivers for future revenue growth over the next 2-3 years, primarily stemming from its strategic repositioning following its conversion to a stock-owned corporation and the recent divestiture of its mortgage banking segment.

1. Growth in Core Loan Portfolio: A significant driver is the company's renewed focus on its traditional banking segment and expanding its loan portfolio. Following the sale of its mortgage division, NOLA Lending Group, in January 2026, FB Bancorp aims to sharpen its focus on core community banking activities. This strategic shift is expected to lead to increased revenue through the origination of commercial real estate loans, commercial loans, and other traditional banking products.
2. Expansion into New Markets within Louisiana: FB Bancorp plans to expand its presence in the Baton Rouge and Lafayette markets. This geographic expansion within its Southern Louisiana market area is anticipated to contribute to revenue growth by reaching new customers and increasing lending opportunities.
3. Enhancement of Digital Banking Capabilities: The company's strategy includes enhancing its digital banking capabilities. Improving digital offerings can attract and retain customers, leading to increased deposits and loan volumes, thereby driving revenue growth.

Share Repurchases

• FB Bancorp authorized a stock repurchase program on November 13, 2025, for up to 1,983,750 shares, representing 10% of its then-outstanding common stock.
• The company completed this initial repurchase program by January 14, 2026, buying back 1,983,750 shares at an average price of $12.725 per share, totaling approximately $22.2 million.
• A second stock repurchase program was authorized on February 9, 2026, for up to 1,785,375 shares, also representing about 10% of currently outstanding shares.

Share Issuance

• FB Bancorp became a publicly traded company on NASDAQ under the symbol FBLA on October 23, 2024, following its conversion from a mutual bank to a stock-owned corporation.
• As part of this conversion, the company sold 19,837,500 shares of common stock at $10 per share, generating gross proceeds of $198,375,000.

Outbound Investments

• On December 31, 2025, FB Bancorp entered into an agreement to sell substantially all of the assets and liabilities of its mortgage banking segment, NOLA Lending Group.
• This divestiture aimed to exit a business segment that incurred a net loss of approximately $2.7 million in 2025 and reduce approximately 108 employees. The sale was completed by March 2, 2026.
• The company increased its securities available for sale by $82.2 million in the second half of 2025, driven by favorable investment yields and softening loan demand.

Capital Expenditures

• FB Bancorp invested $1.5 million in capital expenditures during the third quarter of 2025.