In this paper, we introduce a new subclass of bi-univalent functions defined using Lucas-Balancing polynomials. For functions in each of these bi-univalent function subclasses, we derive estimates for the Taylor–Maclaurin coefficients a2 and a3 and address the Fekete–Szegö functional problems for functions belonging to this new subclass. We demonstrate that several new results can be derived by specializing the parameters in our main findings. The results obtained from this study will enrich the theoretical foundation of this field and open new avenues for mathematical inquiry and application.