FB Bancorp, Inc. (NASDAQ:FBLA) disclosed that its Chief Financial Officer, Todd M. Wanner, purchased 154 shares of the bank’s common stock on February 23, 2026. The shares were acquired at $13.02 each, bringing the total cost of the transaction to $2,005.
Following the purchase, Wanner is reported to directly hold 8,390 shares of FB Bancorp. The filing also lists indirect holdings attributed to him: 8,441 shares held through a 401(k) and an additional 802 shares held through an Employee Stock Ownership Plan (ESOP).
At the time of the disclosure the stock was trading at $13.14, and it has risen by nearly 16% over the past 12 months. Despite that performance, InvestingPro analysis cited in the filing indicates that FB Bancorp may be overvalued at its current trading level.
The company, which the filing values at $216.85 million, is set to release its earnings on February 25. The timing of Wanner’s purchase comes just two days before that scheduled report.
The report also notes that InvestingPro subscribers have access to three additional exclusive tips related to FBLA. The filing provides a snapshot of insiders' direct and indirect holdings but does not offer commentary on the strategic intent behind the transaction.
Clear summary
Todd M. Wanner, FB Bancorp’s CFO, purchased 154 shares at $13.02 on February 23, 2026, spending $2,005 in total. After the trade his direct ownership stands at 8,390 shares; indirectly he holds 8,441 shares via a 401(k) and 802 shares via an ESOP. The company, with a market capitalization reported at $216.85 million, trades near $13.14 and faces an earnings release on February 25. InvestingPro commentary suggests the stock may be overvalued.
Context and implications
The filing documents a modest insider purchase by the company’s finance chief in the run-up to an earnings announcement. The disclosure provides exact holding figures for both direct and indirect ownership categories and reiterates a valuation caveat flagged by InvestingPro. The filing does not elaborate on any intended strategy tied to the purchase.
Key points
- Transaction details - 154 shares purchased on February 23, 2026, at $13.02 per share, totaling $2,005.
- Ownership after purchase - Wanner directly owns 8,390 shares and indirectly holds 8,441 shares via a 401(k) plus 802 shares via ESOP.
- Near-term corporate event and market view - FB Bancorp, valued at $216.85 million, reports earnings on February 25; InvestingPro analysis suggests the stock may be overvalued despite a near 16% 12-month gain.
Risks and uncertainties
- Valuation concern - InvestingPro indicates the company may be overvalued at current market levels, introducing a valuation risk for investors.
- Earnings event - The company is scheduled to report earnings on February 25, creating near-term outcome uncertainty for the stock.
- Interpretation limits - The purchase amount is modest in dollar terms, which may limit how much can be inferred about broader insider sentiment from this single transaction.