FB Bancorp Stock Soars 58.98% on Earnings Report

FB Bancorp's stock surged by 58.98% in pre-market trading on April 4, 2025, marking a significant rise that has caught the attention of investors and analysts alike.

FB Bancorp recently released its full-year 2024 earnings report, which revealed a 5.1% decrease in revenue to US$64.9 million compared to the previous year. The company also reported a net loss of US$6.21 million, a stark contrast to the US$1.12 million profit recorded in fiscal year 2023. This financial performance has raised concerns among investors about the company's profitability and future prospects.

The company's net interest margin (NIM) declined to 4.36% from 4.72% in the previous year, indicating a narrowing of the spread between interest earned on loans and interest paid on deposits. Additionally, non-performing loans increased to 1.71% from 1.15%, suggesting a rise in loan defaults and potential credit risk.

Despite these challenges, FB Bancorp's stock price has shown resilience, with investors possibly betting on the company's ability to turn around its financial performance. The significant pre-market surge could be attributed to various factors, including market sentiment, investor speculation, or potential strategic moves by the company.