FFB Bancorp (FFBB) Investor presentation summary

Company overview and strategy

• Operates as a single-branch bank in Fresno, CA, with LPOs in Southern and Northern California, focusing on business, professional, and high-net-worth clients nationwide.

• Maintains a low-cost core deposit base, with 52.48% non-interest-bearing deposits and a high-touch, tech-enabled relationship model.

• Recognized among top-performing community banks under $2–3 billion in assets by American Banker and S&P Global.

• Product strategy includes digital small business lending, business credit cards, enhanced digital onboarding, international payments, and advanced ledger infrastructure.

• Regional expansion includes new receivables financing and targeted growth in Southern California, leveraging M&A opportunities.

Financial performance and growth

• Q2-2026 net income was $5.48M, with ROAA at 1.35% and ROAE at 11.99%; operating revenue grew 4.97% over Q1-2026.

• Total assets reached $1.62B, gross loans $1.26B, and deposits $1.38B as of June 30, 2026.

• Book value per share increased to $63.80, supported by share repurchases and net income growth.

• Net interest margin was 4.71%, with a diversified non-interest income stream; merchant services contributed 48.6% of non-interest income.

• Efficiency ratio was 62.20% in Q2-2026, with adjusted efficiency at 59.96%.

Deposit and funding profile

• Deposit mix is 52.48% non-interest-bearing, with 9.8% in bank-controlled merchant processing accounts.

• Cost of interest-bearing deposits was 2.90% in Q2-2026; cost to fund earning assets was 1.28%.

• Wholesale deposits totaled $156.8M, with a weighted average rate of 3.95%.

• New customer relationships in 2026 generated $250.1M in new deposits, focusing on high-value clients.