FB Bancorp (FBLA)
Market Price (9/21/2026): $16.22 | Market Cap: $240.9 MilSector: Financials | Industry: Regional Banks
FB Bancorp (FBLA)
Market Price (9/21/2026): $16.22Market Cap: $240.9 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -110% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 56%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51% Attractive yieldFCF Yield is 9.5% Low stock price volatilityVol 12M is 14% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. | Trading close to highsDist 52W High is -0.4%, Dist 3Y High is -0.4% Weak multi-year price returns2Y Excs Rtn is -0.2%, 3Y Excs Rtn is -35% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.3% Key risksFBLA key risks include [1] significant challenges in integrating Southern States Bank and [2] persistent profitability and asset quality issues, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -110% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 56%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 51% |
| Attractive yieldFCF Yield is 9.5% |
| Low stock price volatilityVol 12M is 14% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. |
| Trading close to highsDist 52W High is -0.4%, Dist 3Y High is -0.4% |
| Weak multi-year price returns2Y Excs Rtn is -0.2%, 3Y Excs Rtn is -35% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.3% |
| Key risksFBLA key risks include [1] significant challenges in integrating Southern States Bank and [2] persistent profitability and asset quality issues, Show more. |
Qualitative Assessment
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Updated on 9/1/2026
FB Bancorp (FBLA) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Strategic exit from loss-making mortgage banking segment. FB Bancorp completed the sale of its NOLA Lending Group mortgage banking segment on March 1, 2026. This segment had been a drag on profitability, reporting a $2.7 million net loss in 2025 and contributing a $1.14 million net loss from discontinued operations year-to-date through fiscal Q2 2026, which ended in June 2026. The company anticipates significantly reduced losses from discontinued operations in the latter half of 2026, simplifying the business and removing a notable drag on its overall financial performance.
2. Robust share repurchase programs demonstrating confidence in shareholder value. FB Bancorp authorized a third stock repurchase program on June 12, 2026, following the completion of its second program on May 19, 2026. These programs reflect management's commitment to returning value to shareholders, with approximately $27.6 million in share repurchases year-to-date through fiscal Q2 2026, resulting in a reduction of common shares outstanding to 16,068,375 as of June 30, 2026.
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FB Bancorp (FBLA) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Strategic exit from loss-making mortgage banking segment. FB Bancorp completed the sale of its NOLA Lending Group mortgage banking segment on March 1, 2026. This segment had been a drag on profitability, reporting a $2.7 million net loss in 2025 and contributing a $1.14 million net loss from discontinued operations year-to-date through fiscal Q2 2026, which ended in June 2026. The company anticipates significantly reduced losses from discontinued operations in the latter half of 2026, simplifying the business and removing a notable drag on its overall financial performance.
2. Robust share repurchase programs demonstrating confidence in shareholder value. FB Bancorp authorized a third stock repurchase program on June 12, 2026, following the completion of its second program on May 19, 2026. These programs reflect management's commitment to returning value to shareholders, with approximately $27.6 million in share repurchases year-to-date through fiscal Q2 2026, resulting in a reduction of common shares outstanding to 16,068,375 as of June 30, 2026.
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Updated on 9/1/2026
FB Bancorp (FBLA) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Strategic exit from loss-making mortgage banking segment. FB Bancorp completed the sale of its NOLA Lending Group mortgage banking segment on March 1, 2026. This segment had been a drag on profitability, reporting a $2.7 million net loss in 2025 and contributing a $1.14 million net loss from discontinued operations year-to-date through fiscal Q2 2026, which ended in June 2026. The company anticipates significantly reduced losses from discontinued operations in the latter half of 2026, simplifying the business and removing a notable drag on its overall financial performance.
2. Robust share repurchase programs demonstrating confidence in shareholder value. FB Bancorp authorized a third stock repurchase program on June 12, 2026, following the completion of its second program on May 19, 2026. These programs reflect management's commitment to returning value to shareholders, with approximately $27.6 million in share repurchases year-to-date through fiscal Q2 2026, resulting in a reduction of common shares outstanding to 16,068,375 as of June 30, 2026.
3. Significant growth in non-interest income. Despite a net loss in fiscal Q2 2026 due to discontinued operations, FB Bancorp's non-interest income from continuing operations saw a substantial increase, rising to $2.24 million in fiscal Q2 2026 from $954 thousand in the prior year. This improvement indicates a positive diversification of revenue streams beyond traditional net interest margins.
4. Positive macroeconomic tailwinds for the regional banking sector. The broader regional banking sector experienced strong performance during the period, with the S&P Regional Bank ETF returning 18.9% year-to-date through July 29, 2026. This positive trend was fueled by factors beneficial to regional banks, including favorable net interest margin expansion due to relatively higher interest rates and a positively sloped yield curve, which enhanced earnings growth across the sector.
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FB Bancorp (FBLA) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Strategic exit from loss-making mortgage banking segment. FB Bancorp completed the sale of its NOLA Lending Group mortgage banking segment on March 1, 2026. This segment had been a drag on profitability, reporting a $2.7 million net loss in 2025 and contributing a $1.14 million net loss from discontinued operations year-to-date through fiscal Q2 2026, which ended in June 2026. The company anticipates significantly reduced losses from discontinued operations in the latter half of 2026, simplifying the business and removing a notable drag on its overall financial performance.
2. Robust share repurchase programs demonstrating confidence in shareholder value. FB Bancorp authorized a third stock repurchase program on June 12, 2026, following the completion of its second program on May 19, 2026. These programs reflect management's commitment to returning value to shareholders, with approximately $27.6 million in share repurchases year-to-date through fiscal Q2 2026, resulting in a reduction of common shares outstanding to 16,068,375 as of June 30, 2026.
3. Significant growth in non-interest income. Despite a net loss in fiscal Q2 2026 due to discontinued operations, FB Bancorp's non-interest income from continuing operations saw a substantial increase, rising to $2.24 million in fiscal Q2 2026 from $954 thousand in the prior year. This improvement indicates a positive diversification of revenue streams beyond traditional net interest margins.
4. Positive macroeconomic tailwinds for the regional banking sector. The broader regional banking sector experienced strong performance during the period, with the S&P Regional Bank ETF returning 18.9% year-to-date through July 29, 2026. This positive trend was fueled by factors beneficial to regional banks, including favorable net interest margin expansion due to relatively higher interest rates and a positively sloped yield curve, which enhanced earnings growth across the sector.
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Stock Movement Drivers
Fundamental Drivers
The 15.5% change in FBLA stock from 5/31/2026 to 9/20/2026 was primarily driven by a 9.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.94 | 16.11 | 15.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 44 | 45 | 2.5% |
| P/S Multiple | 5.2 | 5.4 | 2.9% |
| Shares Outstanding (Mil) | 16 | 15 | 9.6% |
| Cumulative Contribution | 15.5% |
Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| FBLA | 15.5% | |
| Market (SPY) | 0.9% | -7.4% |
| Sector (XLF) | 8.3% | 32.0% |
Fundamental Drivers
The 22.3% change in FBLA stock from 2/28/2026 to 9/20/2026 was primarily driven by a 23.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.17 | 16.11 | 22.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 41 | 45 | 10.1% |
| P/S Multiple | 6.0 | 5.4 | -10.1% |
| Shares Outstanding (Mil) | 18 | 15 | 23.5% |
| Cumulative Contribution | 22.3% |
Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| FBLA | 22.3% | |
| Market (SPY) | 11.6% | 4.1% |
| Sector (XLF) | 9.2% | 29.9% |
Fundamental Drivers
The 34.4% change in FBLA stock from 8/31/2025 to 9/20/2026 was primarily driven by a 23.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 8312025 | 9202026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.98 | 16.11 | 34.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 38 | 45 | 16.9% |
| P/S Multiple | 5.8 | 5.4 | -6.8% |
| Shares Outstanding (Mil) | 18 | 15 | 23.4% |
| Cumulative Contribution | 34.4% |
Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| FBLA | 34.4% | |
| Market (SPY) | 19.4% | 18.8% |
| Sector (XLF) | 4.7% | 39.7% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| FBLA | ||
| Market (SPY) | 75.6% | 41.2% |
| Sector (XLF) | 69.8% | 47.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FBLA Return | - | - | - | 1% | 8% | 25% | 36% |
| Peers Return | 41% | -2% | 1% | 19% | 17% | 18% | 128% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| FBLA Win Rate | - | - | - | 33% | 67% | 89% | |
| Peers Win Rate | 68% | 47% | 50% | 60% | 62% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| FBLA Max Drawdown | - | - | - | - | -16% | -6% | |
| Peers Max Drawdown | -17% | -26% | -38% | -17% | -22% | -13% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HBCP, BFST, HWC, RF, TRMK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)
How Low Can It Go
| Event | FBLA | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.6% | -18.8% |
| % Gain to Breakeven | 13.2% | 23.1% |
| Time to Breakeven | 24 days | 79 days |
In The Past
FB Bancorp's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.2% gain to breakeven.
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In The Past
FB Bancorp's stock fell -11.6% during the 2025 US Tariff Shock. Such a loss loss requires a 13.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About FB Bancorp (FBLA)
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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.
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Here are the key risks to FB Bancorp (FBLA) in order from most significant to less significant:
- 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.
- 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.
- 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.
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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.
- 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.
- 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.
- 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.
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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.
Peer Outperformance in Regional Banks
nullShare of Regional Banks constituents that FBLA has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
63%
of 288 industry peers · 31.1% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is FBLA's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 24.2% | 70.6% | 133.7% | SPNT 170% · RGA 154% · RNR 140% |
| Investment Banking & Brokerage | 13 | -1.7% | 105.1% | 116.5% | IBKR 527% · SNEX 257% · HOOD 183% |
| Diversified Banks | 12 | 27.5% | 129.8% | 116.3% | CM 161% · JPM 159% · RY 149% |
| Life & Health Insurance | 20 | 8.6% | 57.6% | 105.8% | JXN 534% · UNM 373% · FG 207% |
| Multi-Sector Holdings | 4 | 6.8% | 50.2% | 87.3% | JONE 361% · VOYA 88% · BRK-B 87% |
| Property & Casualty Insurance | 42 | 9.6% | 67.5% | 67.8% | ASIC 2760900% · HRTG 445% · UVE 331% |
| Regional Banks ← | 265 | 23.9% | 91.7% | 67.1% | ESQ 391% · GCBC 340% · VBNK 335% |
| Multi-line Insurance | 9 | 8.8% | 71.2% | 64.1% | GNW 201% · L 112% · SLF 104% |
| Financial Exchanges & Data | 15 | -0.1% | 17.4% | 32.7% | VIRT 184% · CBOE 135% · CME 83% |
| Diversified Financial Services | 4 | -7.3% | 22.1% | 32.6% | FRHC 168% · EQH 119% · TMS -54% |
| Consumer Finance | 30 | 1.7% | 89.6% | 26.9% | ENVA 447% · EZPW 319% · FCFS 168% |
| Insurance Brokers | 16 | -15.1% | -6.3% | 20.3% | LIFE 200% · ARX 87% · AJG 70% |
| Commercial & Residential Mortgage Finance | 14 | -50.2% | 32.8% | 13.9% | FNMA 454% · FMCC 436% · ACT 204% |
| Asset Management & Custody Banks | 84 | -11.7% | 17.6% | 12.0% | WT 348% · SII 279% · VCTR 274% |
| Specialized Finance | 3 | 14.0% | 42.2% | -2.8% | EFC 27% · CACC -3% · HASI -16% |
| Mortgage REITs | 33 | -13.0% | 7.4% | -16.5% | NREF 53% · RITM 42% · DX 34% |
| Transaction & Payment Processing Services | 15 | -1.0% | -5.9% | -42.9% | V 74% · MA 73% · CPAY 58% |
| Diversified Capital Markets | 20 | -36.3% | 20.7% | -48.1% | OPY 196% · LPLA 136% · GOLD 90% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can FB Bancorp Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 38.77 |
| Mkt Cap | 1.9 |
| Rev LTM | 522 |
| Op Inc LTM | - |
| FCF LTM | 141 |
| FCF 3Y Avg | 128 |
| CFO LTM | 156 |
| CFO 3Y Avg | 144 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.3% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 7.0% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 34.8% |
| CFO/Rev 3Y Avg | 35.1% |
| FCF/Rev LTM | 31.7% |
| FCF/Rev 3Y Avg | 29.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Traditional banking | 52 | 46 | 45 | 42 |
| Mortgage Banking | 24 | 22 | ||
| Total | 52 | 46 | 69 | 64 |
| $ Mil | 2024 | 2023 | 2022 |
|---|---|---|---|
| Traditional banking | 3 | 4 | 7 |
| Mortgage Banking | -10 | -3 | -5 |
| Total | -6 | 1 | 2 |
| $ Mil | 2024 | 2023 | 2022 |
|---|---|---|---|
| Traditional banking | 1,185 | 1,091 | 981 |
| Mortgage Banking | 36 | 34 | 26 |
| Total | 1,221 | 1,125 | 1,007 |
Price Behavior
Price Behavior
| Market Price | $16.11 | |
| Market Cap ($ Bil) | 0.2 | |
| Distance from 52W High | -0.4% | |
| 50 Days | 200 Days | |
| DMA Price | $15.66 | $14.13 |
| DMA Trend | up | up |
| Distance from DMA | 2.9% | 14.0% |
| 3M | 1YR | |
| Volatility | 13.8% | 13.9% |
| Downside Capture | -46.75 | 6.19 |
| Upside Capture | 14.34 | 36.89 |
| Correlation (SPY) | -7.7% | 18.3% |
FBLA Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.49 | 0.23 | -0.09 | 0.04 | 0.22 | -0.02 |
| Up Beta | 1.20 | 0.41 | 0.11 | 0.08 | 0.22 | -0.07 |
| Down Beta | -1.58 | 0.12 | -0.34 | -0.11 | 0.08 | -0.05 |
| Up Capture | 35% | 27% | 21% | 22% | 31% | 8% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 10 | 19 | 35 | 65 | 128 | 229 |
| Down Capture | 23% | 8% | -40% | -16% | 17% | 45% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 22 | 28 | 56 | 111 | 217 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FBLA | |
|---|---|---|---|---|
| FBLA | 33.4% | 13.9% | 1.83 | - |
| Sector ETF (XLF) | 4.5% | 14.6% | 0.08 | 39.4% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 18.1% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | -4.5% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | -28.3% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | 29.3% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 2.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FBLA | |
|---|---|---|---|---|
| FBLA | 5.9% | 16.6% | 0.74 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | 48.1% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 41.7% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | -0.9% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | -6.1% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | 41.3% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 19.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FBLA | |
|---|---|---|---|---|
| FBLA | 2.9% | 16.6% | 0.74 | - |
| Sector ETF (XLF) | 12.9% | 22.1% | 0.53 | 48.1% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 41.7% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | -0.9% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | -6.1% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | 41.3% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 19.6% |
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Returns Analyses
Insider Activity
Updated 5/12/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wanner, Todd M | Chief Financial Officer | Direct | Buy | 5122026 | 14.01 | 86 | 1,205 | 889,299 | Form |
| 2 | Baker, Randall L | Chief Operating Officer | Direct | Sell | 3062026 | 13.13 | 261 | Form | ||
| 3 | Wanner, Todd M | Chief Financial Officer | Direct | Buy | 2242026 | 13.02 | 154 | 2,005 | 109,238 | Form |
| 4 | Ferris, Christopher S | President and CEO | Direct | Buy | 11212025 | 12.03 | 205 | 2,466 | 65,852 | Form |
| 5 | Wanner, Todd M | Chief Financial Officer | Direct | Buy | 11182025 | 12.14 | 66 | 801 | 99,985 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Wanner, Todd M | Chief Financial Officer | Direct | Buy | 5122026 | 14.01 | 86 | 1,205 | 889,299 | Form |
| 2 | Baker, Randall L | Chief Operating Officer | Direct | Sell | 3062026 | 13.13 | 261 | Form | ||
| 3 | Wanner, Todd M | Chief Financial Officer | Direct | Buy | 2242026 | 13.02 | 154 | 2,005 | 109,238 | Form |
| 4 | Ferris, Christopher S | President and CEO | Direct | Buy | 11212025 | 12.03 | 205 | 2,466 | 65,852 | Form |
| 5 | Wanner, Todd M | Chief Financial Officer | Direct | Buy | 11182025 | 12.14 | 66 | 801 | 99,985 | Form |
| 6 | Ferris, Christopher S | President and CEO | Direct | Buy | 6062025 | 10.88 | 500 | 5,440 | 57,327 | Form |
| 7 | Folds, Josh C | Chief Banking Officer | Direct | Buy | 6062025 | 10.82 | 1,846 | 19,974 | 19,974 | Form |
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| FinViz |
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Core Cache Last Updated: 9/20/2026