# EDGAR Filing Document

**Accession Number:** 0002013639
**File Stem:** 0001193125-26-288555
**Filing Date:** 2026-6
**Character Count:** 41342
**Document Hash:** a707837c4bb30ced904a3d02709da638
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-288555.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0001193125-26-288555

**CONFORMED SUBMISSION TYPE**: 11-K

**PUBLIC DOCUMENT COUNT**: 36

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FB Bancorp, Inc. /MD/
- **CENTRAL INDEX KEY:** 0002013639
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 11-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42380
- **FILM NUMBER:** 261136161

**BUSINESS ADDRESS:**
- **STREET 1:** 353 CARONDELET STREET
- **CITY:** NEW ORLEANS
- **STATE:** LA
- **ZIP:** 70130
- **BUSINESS PHONE:** (504) 569-8640

**MAIL ADDRESS:**
- **STREET 1:** 353 CARONDELET STREET
- **CITY:** NEW ORLEANS
- **STATE:** LA
- **ZIP:** 70130

?xml version='1.0' encoding='ASCII'? 11-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 11-K

#### FOR ANNUAL REPORTS OF EMPLOYEE STOCK PURCHASE, SAVINGS

#### AND SIMILAR PLANS PURSUANT TO SECTION 15(d) OF

#### THE SECURITIES EXCHANGE ACT OF 1934
☒ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

#### For the fiscal year ended December 31, 2025

#### OR
☐ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

#### For the transition period from to

#### Commission File Number 001-42380
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

#### Fidelity Bank 401(k) Retirement Plan
B: Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

#### FB Bancorp, Inc.

#### 353 Carondelet Street

#### New Orleans, Louisiana 70130

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#### FIDELITY BANK

#### 401(k) RETIREMENT PLAN
Audits of Financial Statements

December 31, 2025 and 2024

------

#### Contents

---

| | |
|:---|:---|
|  **[Report of Independent Registered Public Accounting Firm](#fin121512_1)** | 1 |
|  **Financial Statements** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Statements of Net Assets Available for Benefits](#toc121512_2) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Statement of Changes in Net Assets Available for Benefits](#toc121512_3) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Notes to Financial Statements](#toc121512_4) | 5 -15 |
|  **Supplemental Information** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Schedule H - Schedule of Assets (Held at End of Year)](#fin121512_5) | 16 |

---

------

#### Report of Independent Registered Public Accounting Firm
Plan Administrator and Plan Participants

Fidelity Bank 401(k) Retirement Plan

New Orleans, LA

#### Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of Fidelity Bank 401(k) Retirement Plan (the Plan) as of December 31, 2025 and 2024, and the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States.

#### Basis for Opinion
These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on the Plan's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

#### Supplemental Information
The supplemental information in the accompanying Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of Fidelity Bank 401(k) Retirement Plan's financial statements. The supplemental information is the responsibility of the Plan's management. Our audit procedures include determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the

------

supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated in all material respects in relation to the financial statements as a whole.

/s/ Wipfli LLP

We have served as the Plan's auditor since 2025.

June 29, 2026

Atlanta, Georgia

------

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Statements of Net Assets Available for Benefits

#### December 31, 2025 and 2024

---

| | | |
|:---|:---|:---|
|  | **2025** | 2024 |
| **Assets** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments, at Fair Value | $**37857604** | $32114184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments, at Contract Value | **461192** | 163128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investments | **38318796** | 32277312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer Contribution | **1120** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Receivables | **—** | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notes Receivable from Participants | **971925** | 929916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Receivables | **973045** | 929919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Assets** | **39291841** | 33207231 |
| **Net Assets Available for Benefits** | $**39291841** | $33207231 |

---

The accompanying notes are an integral part of these financial statements.

------

#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Statement of Changes in Net Assets Available for Benefits

#### For the Year Ended December 31, 2025

---

| | |
|:---|:---|
| **Additions to Net Assets Attributed to:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Income |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Appreciation in Fair Value of Investments | $4745117.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividend and Interest Income | 132653.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investment Income | 4877770.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest Income on Notes Receivable from Participants | 79798.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contributions |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participant | 2070183.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer | 1152253.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rollovers | 812957.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Contributions | 4035393.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Income | 75344.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Additions** | 9068305.0 |
| **Deductions from Net Assets Attributed to:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefits Paid to Participants | 2964798.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administrative Expenses | 18897.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Deductions** | 2983695.0 |
| **Net Increase** | 6084610.0 |
| **Net Assets Available for Benefits** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Beginning of Year** | 33207231.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**End of Year** | $39291841.0 |

---

The accompanying notes are an integral part of these financial statements.

------

#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 1.** | **Description of the Plan**  |

---

The following description of the Fidelity Bank 401(k) Retirement Plan (the Plan) provides only general information. Participants should refer to the Plan Document for a more complete description of the Plan's provisions.

#### General
The Plan is a defined contribution plan covering eligible employees of Fidelity Bank (the Company). The Plan became effective on May 1, 2000 and is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended.

#### Eligibility
Employees of the Company, excluding union employees, nonresident aliens, residents of Puerto Rico, interns, temporary employees, reclassified employees, and leased employees, who have attained 90 days of service, are eligible to join the Plan on the date eligibility is met.

#### Contributions
<u>Participant Contributions</u>: Each year, participants may contribute up to the maximum allowed by the Internal Revenue Code (IRC), as defined by the Plan. Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans (rollovers). Participants may elect pre-tax and/or post-tax (Roth) contributions. An automatic deferral provision was adopted for the Plan. Unless a participant makes an affirmative election, the participant will be automatically enrolled deferring an amount equal to 3% of eligible compensation, which shall increase by 1%, to a maximum of 10%, each April 1.

<u>Employer Contributions</u>: The Company makes safe harbor matching contributions equal to 100% of a participant's elective deferral that does not exceed 3% of the participant's eligible compensation, plus 50% of the amount of the participant's elective deferral that exceeds 3% of the participant's eligible compensation but does not exceed 6% of the participant's eligible compensation. Catch-up contributions are also eligible for employer matching contributions to the extent that they would otherwise satisfy the match conditions. The Company may also make discretionary profit-sharing contributions. The Company's safe harbor contributions totaled $1,152,253 during 2025. There were no discretionary profit-sharing contributions made during 2025.

#### Participant Accounts
Each participant's account is credited with the participant's contributions, any company contributions, plan earnings or losses, and an allocation of administrative expenses. Allocations are based on participant earnings, account balances, or specific participant transactions, as defined. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 1.** | **Description of the Plan (Continued)**  |

---

#### Participant Investment Options
Participants direct contributions to selected investments as made available and determined by the Plan Administrator. Participants may change their investment options at any time throughout the year.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 1.** | **Description of the Plan (Continued)**  |

---

#### Vesting
Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's contribution portions of their accounts is based on years of continuous service. A participant is 100% vested in the qualified automatic contribution arrangement contributions after two years of credited service and discretionary contributions after six years of credited service.

#### Participant Loans
Participants may borrow a minimum of $1,000 from their vested account balance. The loans are secured by the balance in the participant's account and bear interest at the prime rate plus one percent on the date of issuance. Principal and interest are paid ratably through payroll deductions. A participant may have no more than two outstanding loans at any time.

#### Payment of Benefits
Generally, each participant shall be entitled to receive a benefit in such amount as can be provided by the total value of the participant's account as of their normal retirement date. Distributions from the Plan's assets are made upon the participant's death, disability, retirement, termination of service, or other circumstances as described in the Plan Document. Participants may begin taking in-service withdrawals upon attaining the age of 59<sup>1</sup>⁄2. A participant or their beneficiary may receive a lump sum payment, substantially equal installments, or partial withdrawals. Additionally, under certain circumstances of financial hardship, a participant is allowed to withdraw funds from the Plan.

#### Forfeitures
At December 31, 2025 and 2024, forfeited nonvested accounts totaled $32,082 and $11,105, respectively. These accounts will be used to reduce future employer contributions or to pay plan administrative expenses. During the year ended December 31, 2025, employer contributions were reduced by $11,206 from forfeited nonvested accounts.

---

| | |
|:---|:---|
| **Note 2.** | **Summary of Significant Accounting Policies**  |

---

#### Basis of Accounting
The accompanying financial statements are prepared on the accrual basis of accounting.

#### Use of Estimates
The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.

------

#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 2.** | **Summary of Significant Accounting Policies (Continued)**  |

---

#### Investment Valuation and Income Recognition
Investments are reported at fair value (except for fully benefit-responsive investment contracts, which are reported at contract value). Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation (depreciation) includes the Plan's gains and losses on investments bought and sold as well as held during the year.

#### Notes Receivable from Participants
Notes receivable from participants are measured at their unpaid principal balance plus any accrued but unpaid interest. Interest income is recorded on the accrual basis. Related fees are recorded as administrative expenses and are expensed when they are incurred.

#### Contributions
Contributions from plan participants and the related matching contributions from the Company are recorded in the year in which the employee contributions are withheld from compensation.

#### Payment of Benefits
Benefits are recorded when paid.

#### Administrative Expenses
Certain expenses incurred maintaining the Plan are paid directly by the Company and are excluded from these financial statements. Investment related expenses are included in net appreciation (depreciation) of fair value of investments.

---

| | |
|:---|:---|
| **Note 3.** | **Fair Value Measurements**  |

---

The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 820 are described as follows:

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 3.** | **Fair Value Measurements (Continued)**  |

---

Level 1 Inputs to the valuation methodology are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Plan can access at the measurement date.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 3.** | **Fair Value Measurements (Continued)**  |

---

Level 2 Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, such as:

• Quoted prices for similar assets or liabilities in active markets;

• Quoted prices for identical or similar assets or liabilities in inactive markets;

• Inputs other than quoted prices that are observable for the asset or liability; and

• Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 Inputs that are unobservable inputs for the asset or liability.

Following is a description of the valuation methodologies used for assets measured at fair value. There has been no change in the methodologies used at December 31, 2025 and 2024.

*Collective Investment Trusts*: The collective investment trusts (CITs) offered by Principal Global Investors Trust Company invest in collective trust funds as well as a variety of separate accounts and mutual funds. The CIT offered by Great Gray Trust Company aims to grow capital by investing in smaller, fast-growing American companies before they become household names. The fair value of the collective investment trusts and the separate accounts are not publicly quoted pricing inputs. The fair value of mutual funds are publicly quoted pricing inputs (Level 1). The fair value of all these investments are used in determining the net asset value (NAV) of the CIT, which is not publicly quoted but is available to current investors when plan participants access their account values. The CITs' Annual Report with underlying asset information (with ASC 820 disclosures) are available. The NAV is the basis for current transactions, and the CITs can be redeemed at NAV as of the measurement date. Therefore, plan management believes that these investments have a "Readily Determinable Fair Value". The NAV is calculated in a manner consistent with GAAP for investment companies. Unfunded commitments typically are found in private equity funds and therefore are not applicable to CITs.

The collective investment trust offered by Great Gray Trust Company, the Voya Stable Value Fund II, is composed primarily of investments that are valued at the NAV of units of the bank collective trust. The NAV is used as a practical expedient to estimate fair value. This practical expedient would not be used if it is determined to be probable that the fund will sell the investment for an amount different from the reported NAV. Participant transactions (purchases and sales) may occur daily. If the Plan initiates a full redemption of the collective trust, the issuer reserves the right to require 12 months' notification in order to ensure that securities liquidations will be carried out in an orderly business manner.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 3.** | **Fair Value Measurements (Continued)**  |

---

*Mutual Funds*: Valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the U.S. Security Exchange Commission (SEC). These funds are required to publish their daily NAV and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

*Employer Securities:* Valued at the closing price reported on the active market on which the individual securities are traded.

*Self-Directed Brokerage Accounts:* Accounts primarily consist of common stock and cash equivalents that are valued at the closing price reported on the active market on which the individual securities are traded, or using pricing models maximizing the use of observable inputs for similar securities.

The following tables set forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2025 and 2024. Classification within the fair value hierarchy table is based on the lowest level of any input that is significant to the fair value measurement.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **December 31, 2025** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Collective Investment Trusts** | $**—** | $**25995644** | $**—** | $**25995644** |
| **Employer Securities** | **3601917** | **—** | **—** | **3601917** |
| **Mutual Funds** | **8009356** | **—** | **—** | **8009356** |
| **Self-Directed Brokerage Accounts** | **250687** | **—** | **—** | **250687** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investments, at Fair Value** | $**11861960** | $**25995644** | $**—** | $**37857604** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| December 31, 2024 | Level 1 | Level 2 | Level 3 | Total |
| Collective Investment Trusts | $— | $22061816 | $— | $22061816 |
| Employer Securities | 3456829 |  |  | 3456829 |
| Mutual Funds | 5718527 |  |  | 5718527 |
| Self-Directed Brokerage Accounts | 166400 |  |  | 166400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Assets in the Fair Value Hierarchy | $9341756 | $22061816 | $— | 31403572 |
| Investments Measured at Net Asset Value <sup>(a)</sup> |  |  |  | 710612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments, at Fair Value |  |  |  | $32114184 |

---

(a) In accordance with Subtopic 820-10, certain investments that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefits.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 3.** | **Fair Value Measurements (Continued)**  |

---

The following table summarizes investments for which fair value is measured using the NAV per share practical expedient as of December 31, 2025 and 2024.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Fair Value at**<br>**December 31, 2025** | Fair Value at<br>December 31, 2024 | **Unfunded**<br>**Commitment** | **Redemption**<br>**Frequency** | **Redemption**<br>**Notice**<br>**Period** |
| **Collective Investment Trust** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Stable Value Fund II | $— | $710612 | N/A | Daily |  |

---

---

| | |
|:---|:---|
| **Note 4.** | **Group Annuity Contract**  |

---

The Plan entered into a traditional fully benefit-responsive guaranteed investment contract with Principal Life Insurance Company (Principal) totaling $461,192 and $163,128 as of December 31, 2025 and 2024, respectively. Principal maintains the contributions in a general account. The account is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. The guaranteed investment contract issuer is contractually obligated to repay the principal and a specified interest rate that is guaranteed to the Plan. The crediting rate is based on a formula established by the contract issuer. The crediting rate is reviewed on a quarterly basis for resetting. The guaranteed investment contract does not permit the insurance company to terminate the agreement prior to the scheduled maturity date.

This contract meets the fully benefit-responsive investment contract criteria and therefore is reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants if they were to initiate permitted transactions under the terms of the Plan. Contract value, as reported to the Plan by Principal, represents contributions made under the contract, plus earnings, less participant withdrawals, and administrative expenses. Participants may ordinarily direct the withdrawal or transfer of all or a portion of their investment at contract value.

The Plan's ability to receive amounts due is dependent on the issuer's ability to meet its financial obligations. The issuer's ability to meet its contractual obligations may be affected by future economic and regulatory developments.

Certain events might limit the ability of the Plan to transact at contract value with the issuer. Such events include (1) amendments to the Plan documents (including complete or partial plan termination or merger with another plan), (2) changes to the Plan's prohibition on competing investment options or deletion of equity wash provisions, (3) bankruptcy of the Company or other Company events (for example, divestitures or spinoffs of a subsidiary) that cause a significant withdrawal from the Plan, (4) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA, or (5) premature termination of the contract. No events are probable of occurring that might limit the ability of the Plan to transact at contract value with the contract issuer and that also would limit the ability of the plan to transact at contract value with the participants.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

---

| | |
|:---|:---|
| **Note 4.** | **Group Annuity Contract (Continued)**  |

---

In addition, certain events allow the issuer to terminate the contract with the Plan and settle at an amount different from contract value. Such events include (1) an uncured violation of the Plan's investment guidelines, (2) a breach of material obligation under the contract, (3) a material misrepresentation, and (4) a material amendment to the agreement without the consent of the issuer.

---

| | |
|:---|:---|
| **Note 5.** | **Related-Party and Party-in-Interest Transactions**  |

---

Certain plan investments are managed by Principal. Principal is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.

During 2025, the Plan purchased 5,466 shares of the Company's stock totaling $66,595, and sold 15,159 shares of the Company's stock totaling $151,827.

---

| | |
|:---|:---|
| **Note 6.** | **Plan Termination**  |

---

Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. Upon termination or partial termination of the Plan, or the complete discontinuance of contributions, the rights of all affected participants to their accrued benefits shall be fully vested and non-forfeitable.

---

| | |
|:---|:---|
| **Note 7.** | **Tax Status**  |

---

The Plan has adopted a preapproved plan document that has received an opinion letter from the Internal Revenue Service (IRS) dated June 30, 2020, stating that the form of the preapproved plan document was in compliance with applicable requirements of the IRC. The Plan Administrator believes the Plan is designed, and is being operated, in compliance with the applicable requirements of the IRC.

Accounting principles generally accepted in the United States of America requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements

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|:---|:---|
| **Note 8.** | **Risks and Uncertainties**  |

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The Plan's investments have underlying investment securities that are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statements of net assets available for benefits.

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|:---|:---|
| **Note 9.** | **Reconciliation of Financial Statements to Form 5500**  |

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The following is a reconciliation of net assets available for benefits per the financial statements at December 31, 2024 to Form 5500:

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| | |
|:---|:---|
| **Net Assets Available for Benefits, per Financial Statements** | $33207231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Stable Value Fund Market Adjustment | (158027) |
| **Net Assets Available for Benefits, per Form 5500** | $33049204 |

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The following is a reconciliation of net increase per the financial statements for the year ended December 31, 2025 to Form 5500:

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| | |
|:---|:---|
| **Net Increase in Net Assets Available for Benefits, per Financial Statements** | $6084610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Voya Stable Value Fund Market Adjustment Recognized in 2024 | 158027 |
| **Net Income, per Form 5500** | $6242637 |

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|:---|:---|
| **Note 10.** | **SECURE 2.0**  |

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In December 2022, Securing a Strong Retirement Act (SECURE 2.0) was passed into law. The provisions of SECURE 2.0 continue the themes and reforms that began with the 2019 CARES Act. The effective date of the provisions of SECURE 2.0 vary from becoming effective immediately through 2028. Those provisions include both required and optional elements. Management has evaluated those provisions and determined there is no material impact on the Plan. Plan management will determine the optional provisions to elect in the future.

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#### **Table of Contents**

#### FIDELITY BANK 401(k) RETIREMENT PLAN

#### Notes to Financial Statements
Note 11. Subsequent Events

Management has evaluated subsequent events through the date that the financial statements were available to be issued, June 29, 2026, and determined that the following event requires disclosure.

In March 2026, the Company sold its mortgage division. This initiative resulted in the reduction in the Company's workforce, and the Plan experienced a partial plan termination as defined by ERISA in 2026. Under ERISA, a partial plan termination may occur if a significant percentage of the Plan participants are terminated because of an action taken by the Company. If a partial plan termination occurs, full vesting in the employer's contributions is required for the affected participants, but the remaining participants' vesting continues to be determined per the plan provisions. As of the date of management's evaluation, the impact of the partial plan termination on affected participants was not finalized.

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#### **Table of Contents**

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|:---|:---|
| FIDELITY BANK 401(k) RETIREMENT PLAN | Schedule H |
| Supplemental Information - EIN 72-0184470 Plan #003 |  |
| Schedule H, Line 4i - Schedule of Assets (Held at End of Year) |  |
| As of December 31, 2025 |  |

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| | | | | |
|:---|:---|:---|:---|:---|
| **(a)** | **(b)** | **(c)** | **(d)** | **(e)** |
| Party-in-<br>Interest | Identity of Issue,<br>Borrower, Lessor<br>or Similar Party | Description of Investment | Cost | Current<br>Value |
| Investments, at Fair Value | Investments, at Fair Value |  |  |  |
|  | Mutual Funds |  |  |  |
|  | Fidelity Investments | 500 Index Fund | \*\* | $3266998 |
|  | Dimensional Fund Advisors | US Large Cap Growth Portfolio I Fund | \*\* | 1673447 |
|  | Fidelity Investments | Total International Index Fund | \*\* | 692425 |
|  | Fidelity Investments | Mid Cap Index Fund | \*\* | 594323 |
|  | PIMCO Funds | Income Institutional Fund | \*\* | 467709 |
|  | MFS Investment Management | International Growth R6 Fund | \*\* | 315362 |
|  | Dodge & Cox Funds | Stock X Fund | \*\* | 266174 |
|  | Fidelity Investments | US Bond Index Fund | \*\* | 228087 |
|  | Fidelity Investments | Total Bond K6 Fund | \*\* | 193444 |
|  | JP Morgan Funds | Mid Cap Growth R6 Fund | \*\* | 117846 |
|  | Fidelity Investments | Small Cap Index Fund | \*\* | 115854 |
|  | MFS Investment Management | Mid Cap Value R6 Fund | \*\* | 52906 |
|  | Dimensional Fund Advisors | US Targeted Value I Fund | \*\* | 24781 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Mutual Funds |  |  | 8009356 |
|  | Collective Investment Trusts |  |  |  |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2040 CIT Z | \*\* | 5966403 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2045 CIT Z | \*\* | 4381124 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2050 CIT Z | \*\* | 3916404 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2035 CIT Z | \*\* | 3109160 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2030 CIT Z | \*\* | 2973778 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2020 CIT Z | \*\* | 2246060 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2025 CIT Z | \*\* | 1488612 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2055 CIT Z | \*\* | 1128615 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2060 CIT Z | \*\* | 338714 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2015 CIT Z | \*\* | 188566 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2065 CIT Z | \*\* | 136099 |
|  | Great Gray Trust Company | AB US Small Cap Growth CIT W Series Class P-1 | \*\* | 67087 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid Income CIT Z | \*\* | 29060 |
| \* | Principal Global Investors Trust Company | Principal Lifetime Hybrid 2070 CIT Z | \*\* | 25962 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Collective Investment Trusts |  |  | 25995644 |
|  | Employer Securities |  |  |  |
| \* | Fidelity Bank | FB Bancorp, Inc. Stock | \*\* | 3601917 |
|  | Self-Directed Brokerage Accounts |  |  |  |
|  | Schwab Funds | Self-Directed Brokerage Accounts | \*\* | 250687 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investments, at Fair Value |  |  | $37857604 |
| Investments, at Contract Value | Investments, at Contract Value |  |  |  |
|  | Insurance Company General Account |  |  |  |
| \* | Principal Life Insurance Company | Guaranteed Option | \*\* | $461192 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investments, at Contract Value |  |  | $461192 |
|  |  | Rates Range from 4.25% to 9.50%; |  |  |
| \* | Notes Receivable from Participants | Maturities through 2030 | \*\* | $971925 |

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\* Represents a party-in-interest as defined by ERISA.

\*\* Cost omitted for participant-directed investments.

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#### SIGNATURES
*The Plan.* Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  |  | FIDELITY BANK 401(k) RETIREMENT PLAN<br>|
| Date: June 29, 2026 | By: | /s/ Christopher Ferris |
|  |  | Christopher Ferris |
|  |  | President and Chief Executive Officer |

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#### EXHIBIT INDEX

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 23.1 | [Consent of Wipfli LLP](d121512dex231.htm) |

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## Exhibit 23.1

**Exhibit 23.1** 

<u>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</u> 

We consent to the incorporation by reference in Registration Statement (No. 333-277630) on Form S-8 of Fidelity Bank 401(k) Retirement Plan of our report dated June 29, 2026, with respect to the statements of net assets available for benefits of Fidelity Bank 401(k) Retirement Plan as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related supplemental schedule as of December 31, 2025, which report appears in the December 31, 2025 annual report on Form 11-K of Fidelity Bank 401(k) Retirement Plan.

/s/ Wipfli LLP

Atlanta, Georgia

June 29, 2026

"Wipfli" is the brand name under which Wipfli LLP and Wipfli Advisory LLC and its respective subsidiary entities provide professional services. Wipfli LLP and Wipfli Advisory LLC (and its respective subsidiary entities) practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. Wipfli LLP is a licensed independent CPA firm that provides attest services to its clients, and Wipfli Advisory LLC provides tax and business consulting services to its clients. Wipfli Advisory LLC and its subsidiary entities are not licensed CPA firms.