Latest revenue
$13.7M
as of 2026-03-31
Latest net income
$119.0K
as of 2026-03-31
Net margin
0.9%
as of 2026-03-31
Community sentiment
Where do you think FBLA is heading?
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FBLA vs S&P 500 · rebased to 100
Live market
delayed ≤15 min- Market cap
- $2.3M
- Enterprise value
- $-3.9M
- P/E (trailing)
- 1.8×
- Forward P/E
- —
- P/B
- 0.01×
- Dividend yield
- 0.0%
- 52-wk high
- $14.33
- 52-wk low
- $10.72
- Beta
- —
- Shares out
- 161.5K
What this company does
FB Bancorp is the Louisiana-based holding company for Fidelity Bank, a New Orleans community bank running 18 branches across southern Louisiana. It earns money primarily by taking deposits and lending them out, with commercial real estate (33%) and one-to-four-family residential mortgages (31%) as its largest loan categories. The company recently converted from mutual to stock form in October 2024, raising $198 million in its IPO, and has since divested its NOLA Lending mortgage division, which closed March 1, 2026.
Generated from FBLA's filing dated 2026-03-26
Key risks
- Geographic concentration: all 18 branches in southern Louisiana, exposing portfolio to hurricane/tropical storm risk and regional oil & gas economy.
- Divested NOLA Lending mortgage division on March 1, 2026, eliminating secondary-market origination revenue stream and held-for-sale pipeline of $28.5M.
- Commercial real estate is 33.4% of $744.9M loan portfolio with allowance for credit losses of just $6.3M (0.84% coverage).
Generated from FBLA's filing dated 2026-03-26
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Savings Institutions, Not Federally Chartered (38 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 10, 2026.
Fair value · DCF
Methodology + caveats (click to expand)
Method. 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Beta defaults to 1.0 when not reported.
Why DCF is fragile. Treat the output as a thinking aid, not a verdict. Honest weaknesses of any DCF:
- Growth is the dominant assumption. No one can foresee 10 years of growth — small changes in the slider can double or halve fair value. The reverse-DCF readout above tells you what the market is implicitly assuming; ask yourself whether that's realistic before trusting either number.
- Terminal value dominates. In most DCFs, 60-80% of the answer comes from the terminal-value calculation — i.e., everything AFTER year 10. A 0.5pp change in terminal growth, or in WACC, can swing fair value by 20-30%.
- WACC is itself a guess. We use a textbook CAPM cost of equity (Rf 4.3%, MRP 5.5%, β from the quote) plus a 6% pretax cost of debt — none of these are the company's actual marginal financing cost.
- No moat / disruption modelling. The model assumes the company keeps earning whatever it earns today, compounding cleanly. Competitive shifts, regulatory action, and technology disruption can invalidate the forecast overnight.
- Net income ≠ free cash flow. For capex-heavy names (semis, telcos) net income overstates distributable cash. For low-capex names (software) it understates. Both reduce the precision of the FV figure.
- Reflexivity. A high stock price often becomes a self-fulfilling prophecy via better hiring, financing, and customer trust. DCF can't see this.
Take the DCF, the reverse-DCF implied growth, the historical multiples, and the community sentiment together. When they agree, conviction. When they disagree, the disagreement is the most informative thing on the page.