FFB Bancorp Reports Third Quarter 2026 Results, Highlighting 16% Year-Over-Year Core Deposit Growth and Improved Funding Mix

Steve Miller, President & CEO of FFB Bancorp

“Our third quarter results reflect meaningful progress in strengthening the balance sheet while continuing to address credit-related challenges. Deposits increased $119 million during the quarter, including $80 million of growth in non-interest bearing balances, net interest income increased 4% sequentially, and nonperforming assets declined 21%”

Steve Miller, President & CEO of FFB Bancorp

“Although elevated charge-offs and provision expense affected current-quarter earnings, the growth in core funding and improvement in liquidity, was very encouraging for the team to realize and will provide a stronger foundation for future earnings.”

Bhavneet Gill, EVP & Chief Financial Officer of FFB Bancorp

“The increase in the cost to fund earnings assets from the same quarter a year earlier was primarily the result of an increased reliance on wholesale funding due to the bank achieving strong loan production over that period but lagging its planned core deposit growth”

Bhavneet Gill, EVP & Chief Financial Officer of FFB Bancorp

“Looking ahead, our priorities are continuing to increase core deposits, reduce wholesale funding dependence over the next several quarters, and realize the benefits of recent loan growth, which positions margin performance to improve over time.”

Steve Miller, President & CEO of FFB Bancorp

“Our strategy continues to be focused on maximizing existing systems while selectively deploying AI and automation to improve productivity and avoid unnecessary headcount growth. Although AI has proven to potentially replace some of our existing software expense, AI itself is also quite expensive to tend and care for when you factor in a bank grade risk and control environment”

Steve Miller, President & CEO of FFB Bancorp

“Our priority is ensuring our teams are supported through these changes while driving higher‑quality, more efficient outcomes.”

Steve Miller, President & CEO of FFB Bancorp

“We are making intentional investments in technology, talent, and products to position the Company for sustainable balance sheet growth and higher recurring revenue. While these actions impact the efficiency ratio in the near term, we expect operating leverage to improve as growth accelerates over the next several quarters.”