Exhibit 99.1

FB Bancorp, Inc.

Announces First Quarter 2026

Financial Results

New Orleans, Louisiana, May 6, 2026 / FB Bancorp, Inc. (NASDAQ: “FBLA”) (the “Company”), the holding company for Fidelity Bank (the “Bank”), today announced net income for the three months ended March 31, 2026 of $119 thousand, comprised of net income from continuing operations of $494 thousand and a net loss from discontinued operations of $375 thousand. The net loss from discontinued operations was due to Fidelity Bank's previously announced sale of substantially all assets and liabilities of the Bank's mortgage banking segment, NOLA Lending Group. The sale closed on March 1, 2026. For the three months ended March 31, 2025, the Company had net income of $705 thousand, comprised of net income from continuing operations of $1.4 million and a net loss from discontinued operations of $665 thousand.

The Company is a Maryland corporation based in New Orleans, Louisiana. The Company’s banking subsidiary, Fidelity Bank, operates 19 banking locations in New Orleans, Hammond, Lafayette, and Baton Rouge, Louisiana. The Company is a Maryland corporation incorporated in February 2024 to become the registered bank holding company for Fidelity Bank upon the Bank’s conversion from the mutual-to-stock form of organization, which occurred on October 22, 2024. The Company sold 19,837,500 shares of common stock, par value $0.01 per share, at a price of $10 per share, for gross proceeds of $198,375,000. Shares of the Company’s common stock began trading on the Nasdaq Global Select Market under the trading symbol “FBLA” on October 23, 2024.

 

On January 14, 2026, FB Bancorp, Inc. announced the completion of its initial stock repurchase program, pursuant to which it repurchased 1,983,750 shares of its common stock, or 10% of its then outstanding shares, at an average price of $12.725 per share, inclusive of trading costs and commissions. On February 9, 2026, FB Bancorp, Inc. announced the authorization of an additional program to repurchase up to 1,785,375 shares of its outstanding common stock, which equals approximately 10% of shares then outstanding. Through May 4, 2026, the Company has repurchased 1,547,463 shares of this additional repurchase plan at an average price of $13.66 per share, inclusive of trading costs and commissions.

 

Selected Financial Data

 

 

 

For the three months ended March 31,

 

 

 

 

2026

 

 

2025

 

 

Performance Ratios:

 

 

 

 

 

 

 

Net income from continuing operations (in thousands)

 

$

494

 

 

$

1,370

 

 

Net loss from discontinued operations (in thousands)

 

$

(375

)

 

$

(665

)

 

Net income (loss) (in thousands)

 

$

119

 

 

$

705

 

 

Return on average assets from continuing operations (1)

 

 

0.04

%

 

 

0.11

%

 

Return on average equity from continuing operations(2)

 

 

0.16

%

 

 

0.42

%

 

Earnings (losses) per share from continuing operations - basic and diluted

 

$

0.03

 

 

 

0.08

 

 

Net interest margin (3)

 

 

4.47

%

 

 

4.60

%

 

Non-interest income to average assets from continuing operations

 

 

0.09

%

 

 

0.09

%

 

Non-interest expense to average assets from continuing operations

 

 

0.95

%

 

 

0.88

%

 

Efficiency ratio from continuing operations(4)

 

 

91.49

%

 

 

83.69

%

 

Average interest-earning assets to average interest-bearing liabilities

 

 

146.67

%

 

 

150.98

%

 

Capital Ratios:

 

 

 

 

 

 

 

Total risk-based capital

 

 

29.43

%

 

 

30.27

%

 

Tier 1 risk-based capital

 

 

28.70

%

 

 

29.56

%

 

Common equity Tier 1 risk-based capital

 

 

28.70

%

 

 

29.56

%

 

Tier 1 leverage capital

 

 

20.23

%

 

 

20.32

%

 

Average equity to average assets

 

 

24.39

%

 

 

26.70

%

 

Common stock book value per share

 

$

17.50

 

 

 

16.71

 

 

Common stock book value per share (net of unearned ESOP shares)

 

$

19.12

 

 

 

18.08

 

 

Asset Quality Ratios:

 

 

 

 

 

 

 

Allowance for credit losses to total loans (5)

 

 

0.85

%

 

 

0.80

%

 

Allowance for credit losses to non-performing loans

 

 

42.23

%

 

 

40.10

%

 

Net charge-offs to average outstanding loans

 

 

0.05

%

 

 

0.06

%

 

Non-performing loans to total loans

 

 

1.98

%

 

 

2.00

%

 

Non-performing loans to total assets

 

 

1.19

%

 

 

1.25

%

 

Total non-performing assets to total assets (6)

 

 

1.30

%

 

 

1.30

%

 

Other:

 

 

 

 

 

 

 

Number of offices

 

 

19

 

 

 

18

 

 

Number of full-time equivalent employees

 

 

211

 

 

 

325

 

 

 

(1)

Represents net income (loss) from continuing operations divided by average total assets.

(2)

Represents net income (loss) from continuing operations divided by average equity.

(3)

Represents net interest income divided by average interest-earning assets. Includes loans held for sale.

(4)

Represents non-interest expense divided by the sum of net interest income and non-interest income.

(5)

Total loans includes only loans held for investment.

(6)

Non-performing assets includes other real estate owned.

 

 

 

 

 

 

 

 

 

 

Discontinued Operations

On December 31, 2025, the Bank entered into an agreement to sell substantially all of the assets and liabilities of the Bank's mortgage banking segment, NOLA Lending Group. The decision was based on a number of strategic priorities, including the continued decline in mortgage volume. This sale allowed the Bank to exit a business segment that had a net loss of approximately $2.7 million in 2025 and reduced total employees by approximately 108 individuals. The sale closed on March 1, 2026. The Company's financial statements will reflect discontinued operations for the current period and retrospectively for prior periods under ASC 205-20.

 

The following is a summary of the assets and liabilities of the discontinued operations of the mortgage banking division at March 31, 2026 and December 31, 2025:

 

 

 

March 31,
2026

 

 

December 31,
2025

 

ASSETS

 

(Dollars in thousands)

 

Derivative assets

 

$

311

 

 

$

450

 

Loans held for sale, at fair value

 

 

16,097

 

 

 

28,504

 

Premises and equipment, net

 

 

—

 

 

 

332

 

Deferred tax assets

 

 

25

 

 

 

26

 

Other assets

 

 

372

 

 

 

568

 

Total assets

 

$

16,805

 

 

$

29,880

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Escrows payable

 

$

238

 

 

$

366

 

Other liabilities

 

 

1,108

 

 

 

1,978

 

Accrued compensation, including severance payments

 

 

805

 

 

 

1,199

 

Total liabilities

 

$

2,151

 

 

$

3,543

 

 

The following presents operating results of discontinued operations for the three months ended March 31, 2026 and 2025:

 

For the three months
ended March 31,

 

 

2026

 

 

2025

 

Revenue

(Dollars in thousands)

 

Net interest income

$

823

 

 

$

953

 

Gain on sales of mortgage loans

 

2,772

 

 

 

3,340

 

Other non-interest income

 

—

 

 

 

8

 

Total revenue

 

3,595

 

 

 

4,301

 

 

 

 

 

 

 

Expenses

 

 

 

 

 

Salaries and employee benefits

 

3,159

 

 

 

3,399

 

Hedging activity, net

 

(168

)

 

 

430

 

Other general and administrative

 

1,077

 

 

 

1,313

 

Total non-interest expenses

 

4,068

 

 

 

5,142

 

 

 

 

 

 

 

Loss from discontinued operations before income taxes

 

(473

)

 

 

(841

)

Income tax benefit from discontinued operations

 

(98

)

 

 

(176

)

 

 

 

 

 

 

Net loss from discontinued operations

$

(375

)

 

$

(665

)

 

 

 

 

 

 

Results of Continuing Operations

 

•
Net income was $494 thousand for the three months ended March 31, 2026, as compared to net income of $1.4 million for the three months ended March 31, 2025. This decrease was primarily the result of a $1.1 million, or 9.75% increase in total non-interest expenses.

 

•
Net interest income was $11.8 million for the three months ended March 31, 2026 and March 31, 2025, respectively. Over this same period, interest and dividends on investments increased $1.0 million, or 43.77%, offset by a decrease in interest on deposits in other banks by $515 thousand, and an increase in total interest expense of $443 thousand, or 10.76%. Net interest margin was 4.47% for the three months ended March 31, 2026, compared to 4.60% for the three months ended March 31, 2025. More information is available in the average balance sheet and yield tables below.

 

•
Total non-interest income was $1.1 million for the three months ended March 31, 2026 and for the three months ended March 31, 2025. There was a $56 thousand, or 5.31%, increase and is primarily due to an increase of $91 thousand, or 13.91%, on deposit account service charges.

 

•
Total non-interest expenses were $11.9 million for the three months ended March 31, 2026, compared to $10.8 million for the three months ended March 31, 2025. This represents a $1.1 million, or 9.75%, increase in total non-interest expenses. Increases in non-interest expenses were primarily due to a $601 thousand, or 9.76%, increase in salaries and employee benefits due to added staff for the Lafayette branch opened by the Bank in August 2025, normal pay and benefit increases, a $226 thousand, or 13.84%, increase in occupancy and equipment related to the new Lafayette branch and new ATM servicing contracts, and a $77 thousand, or 45.83%, increase in advertising and marketing. Increases in advertising are due to timing of initiatives and not expected to remain that elevated throughout 2026.

 

Financial Condition

 

•
Total assets were $1.27 billion at March 31, 2026, compared to $1.26 billion at December 31, 2025. The largest fluctuation between these periods came from an increase in securities available for sale of $20.6 million, or 6.31%. This increase was due to favorable investment yields in the current period, predominantly in previously issued government backed mortgage securities. The Company purchased approximately $34.8 million in securities with an expected average yield of 5.02% in the three months ended March 31, 2026. The Company also sold $5.9 million in securities for a gain of $85 thousand.

 

•
Loans held for investment were $759.7 million at March 31, 2026, compared to $744.0 million at December 31, 2025. This represents a $15.8 million, or 2.12%, increase. Most of this growth came late in the current quarter. The average balance of loans held for investment for the three months ended March 31, 2026 was $736.5 million.

 

•
Total deposits were $852.5 million at March 31, 2026, compared to $841.4 million at December 31, 2025. This represents a $11.1 million, or 1.32%, increase. This increase was primarily related to non-interest bearing deposits that increased $12.3 million, or 9.19%, due in part, to the success of the Lafayette branch that opened in August 2025.

 

•
Total equity was $297.7 million at March 31, 2026 compared to $314.5 million at December 31, 2025. This $16.7 million, or 5.32%, decrease was due to $14.3 million in common stock repurchases and a $3.0 million increase in accumulated other comprehensive loss, partially offset by net income.

 

 

Asset Quality

 

•
Non-performing loans were $15.1 million at March 31, 2026 compared to $16.9 million at December 31, 2025. The majority of non-performing loans, $11.1 million, relate to first lien residential mortgage loans. These non-performing residential loans have a weighted average loan to value below 80%. Residential real estate loans remain under elevated credit pressures in our gulf coast lending markets due to rising insurance costs. Monthly insurance costs for many residents in the greater New Orleans area may exceed that of their monthly mortgage principal and interest payments.

 

•
Non-performing loans as a percentage of total loans was 2.00% at March 31, 2026 compared to 2.26% at December 31, 2025.

 

•
Total non-performing assets, which included non-performing loans and other real estate owned, as a percentage of total capital was 5.52% at March 31, 2026 compared to 5.96% at December 31, 2025.

 

•
Net charge-offs were $404 thousand for the three months ended March 31, 2026 compared to $434 thousand for the three months ended March 31, 2025.

 

Forward-Looking Statements

Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are based on certain current assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of the words “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target” and similar expressions. Forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, our ability to successfully integrate acquired operations and realize the expected level of synergies and cost savings, potential recessionary conditions, real estate market values in the Bank’s lending area, changes in the quality of our loan and security portfolios, increases in the costs of mortgage insurance, increases in non-performing and classified loans, changes in liquidity, including the size and composition of our deposit portfolio, and the percentage of uninsured deposits in the portfolio, changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company’s operational or security systems or infrastructure, including cyberattacks, failure to maintain current technologies, failure to retain or attract employees; and other economic, legislative, accounting and regulatory changes that could adversely affect the Company or the Bank. Our actual future results may be materially different from the results indicated by any forward-looking statements. Except as required by applicable law or regulation, we do

not undertake, and we specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statement contained herein.

 

Average Balance Sheets

 

 

 

For the three months ended March 31,

 

 

 

2026

 

 

2025

 

 

 

Average
Outstanding
Balance

 

 

Interest

 

 

Average Yield/Rate

 

 

Average
Outstanding
Balance

 

 

Interest

 

 

Average Yield/Rate

 

 

 

(Dollars in thousands)

 

Interest-earning assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

57,953

 

 

$

482

 

 

 

3.37

%

 

$

95,872

 

 

$

997

 

 

 

4.22

%

Securities

 

 

330,040

 

 

 

3,301

 

 

 

4.06

%

 

 

249,291

 

 

 

2,296

 

 

 

3.74

%

Loans held for investment

 

 

736,528

 

 

 

13,066

 

 

 

7.19

%

 

 

761,031

 

 

 

13,280

 

 

 

7.08

%

Loans held for sale

 

 

24,192

 

 

 

378

 

 

 

6.33

%

 

 

21,482

 

 

 

345

 

 

 

6.50

%

Total earning assets (4)

 

 

1,148,713

 

 

 

17,227

 

 

 

6.08

%

 

 

1,127,676

 

 

 

16,918

 

 

 

6.08

%

Non-interest-earning assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

 

7,428

 

 

 

 

 

 

 

 

 

6,311

 

 

 

 

 

 

 

Fixed Assets

 

 

57,187

 

 

 

 

 

 

 

 

 

55,432

 

 

 

 

 

 

 

Allowance for credit losses

 

 

(6,264

)

 

 

 

 

 

 

 

 

(6,256

)

 

 

 

 

 

 

Other

 

 

44,397

 

 

 

 

 

 

 

 

 

46,609

 

 

 

 

 

 

 

Total non-interest-earning assets

 

 

102,748

 

 

 

 

 

 

 

 

 

102,096

 

 

 

 

 

 

 

Total Assets

 

$

1,251,461

 

 

 

 

 

 

 

 

$

1,229,772

 

 

 

 

 

 

 

Interest-bearing liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest-bearing demand deposits

 

$

116,444

 

 

$

61

 

 

 

0.21

%

 

$

107,447

 

 

$

43

 

 

 

0.16

%

Interest-bearing savings and money market deposits

 

 

225,722

 

 

 

745

 

 

 

1.34

%

 

 

243,622

 

 

 

664

 

 

 

1.11

%

Certificates of deposit

 

 

358,611

 

 

 

2,986

 

 

 

3.38

%

 

 

324,436

 

 

 

2,686

 

 

 

3.36

%

Total interest-bearing deposits

 

 

700,777

 

 

 

3,792

 

 

 

2.19

%

 

 

675,505

 

 

 

3,393

 

 

 

2.04

%

Interest-bearing borrowings

 

 

82,396

 

 

 

768

 

 

 

3.78

%

 

 

71,414

 

 

 

724

 

 

 

4.11

%

Total interest-bearing liabilities

 

 

783,173

 

 

 

4,560

 

 

 

2.36

%

 

 

746,919

 

 

 

4,117

 

 

 

2.24

%

Non-interest:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Demand deposits

 

 

147,575

 

 

 

 

 

 

 

 

 

144,454

 

 

 

 

 

 

 

Other liabilities

 

 

15,443

 

 

 

 

 

 

 

 

 

10,104

 

 

 

 

 

 

 

Total non-interest liabilities

 

 

163,018

 

 

 

 

 

 

 

 

 

154,558

 

 

 

 

 

 

 

Total Equity

 

 

305,270

 

 

 

 

 

 

 

 

 

328,295

 

 

 

 

 

 

 

Total liabilities and equity

 

$

1,251,461

 

 

 

 

 

 

 

 

$

1,229,772

 

 

 

 

 

 

 

Net interest income

 

 

 

 

$

12,667

 

 

 

 

 

 

 

 

$

12,801

 

 

 

 

Net interest-earning assets (1)

 

$

365,540

 

 

 

 

 

 

 

 

$

380,757

 

 

 

 

 

 

 

Net interest rate spread (2)

 

 

 

 

 

 

 

 

3.72

%

 

 

 

 

 

 

 

 

3.84

%

Net yield on interest-earning assets (3)

 

 

 

 

 

 

 

 

4.47

%

 

 

 

 

 

 

 

 

4.60

%

Average of interest-earning assets to interest-bearing liabilities

 

 

146.67

%

 

 

 

 

 

 

 

 

150.98

%

 

 

 

 

 

 

Average equity to assets

 

 

24.39

%

 

 

 

 

 

 

 

 

26.70

%

 

 

 

 

 

 

 

(1)

Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.

(2)

Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of interest-bearing liabilities.

(3)

Represents net interest income divided by average interest-earning assets.

(4)

$824 thousand and $954 thousand of interest on earning assets represents origination fees, discount fees and interest income from discontinued operations for 2026 and 2025, respectively.

 

FB Bancorp, Inc.

Consolidated Statements of Financial Condition

(unaudited)

 

 

 

March 31,
2026

 

 

December 31,
2025

 

ASSETS

 

(Dollars in thousands)

 

Cash and due from banks

 

$

6,164

 

 

$

9,872

 

Interest-bearing deposits at other financial institutions

 

 

40,047

 

 

 

50,397

 

Total cash and cash equivalents

 

 

46,211

 

 

 

60,269

 

 

 

 

 

 

 

 

Securities available for sale, at fair value (amortized cost of $360,797 and $336,347, respectively)

 

 

346,944

 

 

 

326,346

 

Loans held for investment

 

 

759,726

 

 

 

743,956

 

Less: allowance for credit losses

 

 

(6,375

)

 

 

(6,289

)

Loans held for investment, net

 

 

753,351

 

 

 

737,667

 

Federal Home Loan Bank stock, at cost

 

 

4,305

 

 

 

3,650

 

Bank owned life insurance

 

 

15,427

 

 

 

15,341

 

Accrued interest receivable

 

 

5,426

 

 

 

5,688

 

Premises and equipment, net

 

 

56,175

 

 

 

57,105

 

Other real estate owned

 

 

1,344

 

 

 

1,349

 

Mortgage servicing rights

 

 

938

 

 

 

904

 

Prepaid expenses

 

 

2,454

 

 

 

1,908

 

Other assets

 

 

15,628

 

 

 

15,299

 

Assets from discontinued operations, at fair value

 

 

16,805

 

 

 

29,880

 

 

 

 

 

 

 

 

Total assets

 

$

1,265,008

 

 

$

1,255,406

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

Non-interest bearing

 

$

145,780

 

 

$

133,506

 

Interest bearing

 

 

706,732

 

 

 

707,897

 

Total deposits

 

 

852,512

 

 

 

841,403

 

 

 

 

 

 

 

 

Advances by borrowers for taxes and insurance

 

 

5,448

 

 

 

6,298

 

Other borrowings

 

 

95,572

 

 

 

78,257

 

Accrued interest payable

 

 

447

 

 

 

392

 

Other liabilities

 

 

11,159

 

 

 

11,063

 

Liabilities from discontinued operations, at fair value

 

 

2,151

 

 

 

3,543

 

Total liabilities

 

 

967,289

 

 

 

940,956

 

 

 

 

 

 

 

 

Stockholders' Equity:

 

 

 

 

 

 

Preferred stock, $0.01 par value - 5,000,000 shares authorized; none issued

 

 

—

 

 

 

—

 

Common stock, $0.01 par value - 120,000,000 shares authorized; 17,015,188 and 18,089,741 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively

 

 

170

 

 

 

181

 

Additional paid-in capital

 

 

157,528

 

 

 

171,503

 

Unearned ESOP shares - 1,444,170 and 1,460,040 shares as of March 31, 2026 and December 31, 2025, respectively

 

 

(16,319

)

 

 

(16,498

)

Retained earnings

 

 

167,284

 

 

 

167,165

 

Accumulated other comprehensive income (loss)

 

 

(10,944

)

 

 

(7,901

)

Total stockholders' equity

 

 

297,719

 

 

 

314,450

 

 

 

 

 

 

 

 

Total liabilities and stockholders' equity

 

$

1,265,008

 

 

$

1,255,406

 

 

FB Bancorp, Inc.

Consolidated Statements of Operations

(unaudited)

 

 

 

For the three months
ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(Dollars in thousands except per share amounts)

 

Interest and dividend income

 

 

 

 

 

 

Interest and fees on loans

 

$

12,620

 

 

$

12,671

 

Interest and dividends on investment securities

 

 

3,301

 

 

 

2,296

 

Interest on deposits in other banks

 

 

482

 

 

 

997

 

Total interest and dividend income

 

 

16,403

 

 

 

15,964

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

Deposits

 

 

3,792

 

 

 

3,393

 

Borrowed funds

 

 

768

 

 

 

724

 

Total interest expense

 

 

4,560

 

 

 

4,117

 

 

 

 

 

 

 

 

Net interest income

 

 

11,843

 

 

 

11,847

 

Provision for credit losses

 

 

490

 

 

 

385

 

Net interest income after provision for credit losses

 

 

11,353

 

 

 

11,462

 

 

 

 

 

 

 

 

Non-interest income

 

 

 

 

 

 

Service charges and fee income from deposit accounts

 

 

745

 

 

 

654

 

Gain (loss) on sales, disposal, or impairment of assets

 

 

(46

)

 

 

—

 

Gain on sales of available for sale securities

 

 

85

 

 

 

55

 

Other non-interest income

 

 

327

 

 

 

346

 

Total non-interest income

 

 

1,111

 

 

 

1,055

 

 

 

 

 

 

 

 

Non-interest expenses

 

 

 

 

 

 

Salaries and employee benefits

 

 

6,759

 

 

 

6,158

 

Occupancy and equipment

 

 

1,859

 

 

 

1,633

 

Directors’ fees

 

 

200

 

 

 

181

 

Data processing

 

 

1,278

 

 

 

1,228

 

Advertising and marketing

 

 

245

 

 

 

168

 

Mortgage servicing rights amortization

 

 

107

 

 

 

91

 

Other general and administrative

 

 

1,403

 

 

 

1,339

 

Total non-interest expenses

 

 

11,851

 

 

 

10,798

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

 

 

613

 

 

 

1,719

 

Income tax expense from continuing operations

 

 

119

 

 

 

349

 

 

 

 

 

 

 

 

Net income from continuing operations

 

 

494

 

 

 

1,370

 

Loss from discontinued operations before income taxes

 

 

(473

)

 

 

(841

)

Income tax benefit from discontinued operations

 

 

(98

)

 

 

(176

)

Net loss from discontinued operations

 

 

(375

)

 

 

(665

)

Net Income (loss)

 

$

119

 

 

$

705

 

Basic and diluted earnings (loss) per common share:

 

 

 

 

 

 

Continuing operations

 

$

0.03

 

 

$

0.08

 

Discontinued operations

 

 

(0.02

)

 

 

(0.04

)

Total earnings (loss) per share - basic and diluted

 

$

0.01

 

 

$

0.04

 

Weighted average shares outstanding - basic

 

 

16,278,177

 

 

 

18,313,980

 

Weighted average shares outstanding - diluted

 

 

16,286,635

 

 

 

18,313,980