FB Bancorp Inc., dad or mum firm of Constancy Financial institution, reported internet revenue of $1.3 million for 2025 and mentioned it plans to promote its mortgage banking arm as a part of a method to exit an unprofitable enterprise line.

The corporate mentioned the deliberate sale of considerably all property and liabilities of NOLA Lending Group is predicted to shut Feb. 28, 2026. Executives mentioned the transfer will enable the financial institution to go away a phase that produced about $2.7 million in losses in 2025 and scale back staffing by roughly 108 positions.

Lake Metropolis, Florida-based First Federal Financial institution introduced January 5 that it had signed a definitive settlement for First Federal to accumulate NOLA Lending Group. First Federal Financial institution will proceed to serve Constancy prospects from current areas in Baton Rouge, Bossier Metropolis, Lafayette, Lake Charles, Mandeville, Metairie, Uptown New Orleans, New Orleans East, Pensacola (Florida), and McComb and Ridgeland (Mississippi), based on a information launch.

The New Orleans-based holding firm reported that 2025 earnings included $3.9 million in revenue from persevering with operations offset by losses tied to the mortgage division. That marks an enchancment from 2024, when the corporate posted a $6.2 million internet loss, pushed largely by a goodwill impairment cost related to discontinued operations.

Fourth-quarter outcomes additionally confirmed enchancment 12 months over 12 months. The corporate reported a internet lack of $1.4 million for the ultimate three months of 2025, in contrast with a $5.4 million loss in the identical interval a 12 months earlier.

FB Bancorp was fashioned in 2024 as a Maryland-chartered holding firm for Constancy Financial institution following the financial institution’s conversion from a mutual possession construction to inventory possession. The corporate raised about $198 million in gross proceeds from its preliminary public inventory providing, with shares starting buying and selling on the Nasdaq International Choose Market below the ticker FBLA in October 2024.

By means of Constancy Financial institution, the corporate operates 19 branches throughout Louisiana, together with areas in Hammond, Lafayette and Baton Rouge.

Firm officers mentioned the divestiture is meant to streamline operations, deal with core banking providers and enhance general monetary efficiency.

In 2021, New Orleans CityBusiness named Constancy Financial institution as a quickest rising firm. New Orleans-based Constancy Financial institution had continued its upward trajectory, rising 54% over three years. On the time, a spokesperson mentioned the rise in income was because of excellent efficiency by their mortgage division, NOLA Lending Group. That very same 12 months, banks obtained a lift from the Paycheck Safety Program.