diff --git a/airflow-core/newsfragments/68354.bugfix.rst b/airflow-core/newsfragments/68354.bugfix.rst
new file mode 100644
index 0000000000000..ba5c01f4c5a8e
--- /dev/null
+++ b/airflow-core/newsfragments/68354.bugfix.rst
@@ -0,0 +1 @@
+Fix FAB roles and users admin pages returning 500 when connection hook metadata is loaded concurrently
diff --git a/airflow-core/src/airflow/api_fastapi/core_api/services/ui/connections.py b/airflow-core/src/airflow/api_fastapi/core_api/services/ui/connections.py
index 12e823ce1d803..cd03cb895401a 100644
--- a/airflow-core/src/airflow/api_fastapi/core_api/services/ui/connections.py
+++ b/airflow-core/src/airflow/api_fastapi/core_api/services/ui/connections.py
@@ -27,10 +27,11 @@
     ConnectionHookMetaData,
     StandardHookFields,
 )
+from airflow.providers_manager import HookInfo, ProvidersManager
 from airflow.serialization.definitions.param import SerializedParam
 
 if TYPE_CHECKING:
-    from airflow.providers_manager import ConnectionFormWidgetInfo, HookInfo
+    from airflow.providers_manager import ConnectionFormWidgetInfo
 
 log = logging.getLogger(__name__)
 
@@ -126,8 +127,6 @@ def _get_hooks_with_mocked_fab() -> tuple[
         """Get hooks with all details w/o FAB needing to be installed."""
         from unittest import mock
 
-        from airflow.providers_manager import ProvidersManager
-
         def mock_lazy_gettext(txt: str) -> str:
             """Mock for flask_babel.lazy_gettext."""
             return txt
@@ -158,12 +157,7 @@ def mock_any_of(allowed_values: list) -> HookMetaService.MockEnum:
             except ModuleNotFoundError:
                 sys.modules[mod_name] = MagicMock()
 
-        # We conditionally inject mock classes for missing dependencies
-        # to ensure `ProvidersManager` can initialize hook connection widgets
-        # without crashing when FAB/WTForms are not installed.
-        if "wtforms.StringField" not in sys.modules:
-            # Only apply mocks if the actual module wasn't loaded beforehand.
-            # This avoids thread-safety issues caused by `unittest.mock.patch` mutating global states.
+        if "wtforms" not in sys.modules:
             with (
                 mock.patch("wtforms.StringField", HookMetaService.MockStringField),
                 mock.patch("wtforms.fields.StringField", HookMetaService.MockStringField),
@@ -282,19 +276,17 @@ def _convert_extra_fields(form_widgets: dict[str, ConnectionFormWidgetInfo]) ->
     @staticmethod
     @cache
     def hook_meta_data() -> list[ConnectionHookMetaData]:
-        hooks, connection_form_widgets, field_behaviours = HookMetaService._get_hooks_with_mocked_fab()
-        result: list[ConnectionHookMetaData] = []
-        widgets = HookMetaService._convert_extra_fields(connection_form_widgets)
-        for hook_key, hook_info in hooks.items():
-            if not hook_info:
-                continue
-            hook_meta = ConnectionHookMetaData(
+        pm = ProvidersManager()
+        hook_items = [(hook_key, hook_info) for hook_key, hook_info in pm.hooks.items() if hook_info]
+        widgets = HookMetaService._convert_extra_fields(pm._connection_form_widgets)
+        return [
+            ConnectionHookMetaData(
                 connection_type=hook_key,
                 hook_class_name=hook_info.hook_class_name,
-                default_conn_name=None,  # TODO: later
+                default_conn_name=None,
                 hook_name=hook_info.hook_name,
-                standard_fields=HookMetaService._make_standard_fields(field_behaviours.get(hook_key)),
+                standard_fields=HookMetaService._make_standard_fields(pm._field_behaviours.get(hook_key)),
                 extra_fields=widgets.get(hook_key),
             )
-            result.append(hook_meta)
-        return result
+            for hook_key, hook_info in hook_items
+        ]
diff --git a/airflow-core/tests/unit/api_fastapi/core_api/services/ui/test_connections.py b/airflow-core/tests/unit/api_fastapi/core_api/services/ui/test_connections.py
index e6ed84778d31b..6ff1536ac3da5 100644
--- a/airflow-core/tests/unit/api_fastapi/core_api/services/ui/test_connections.py
+++ b/airflow-core/tests/unit/api_fastapi/core_api/services/ui/test_connections.py
@@ -18,6 +18,8 @@
 
 from airflow.api_fastapi.core_api.services.ui.connections import HookMetaService
 
+from tests_common.test_utils.markers import skip_if_force_lowest_dependencies_marker
+
 
 class TestMockOptional:
     def test_mock_optional_is_callable(self):
@@ -30,3 +32,28 @@ def test_mock_optional_call_is_noop(self):
         validator = HookMetaService.MockOptional()
         result = validator(None, None)
         assert result is None
+
+
+class TestHookMetaServiceFabWidgetSafety:
+    @skip_if_force_lowest_dependencies_marker
+    def test_hook_meta_data_does_not_patch_fab_widgets(self):
+        import wtforms  # noqa: F401
+        from flask_appbuilder.fieldwidgets import BS3TextFieldWidget as widget_before
+
+        HookMetaService.hook_meta_data.cache_clear()
+        HookMetaService.hook_meta_data()
+
+        from flask_appbuilder.fieldwidgets import BS3TextFieldWidget as widget_after
+
+        assert widget_before is widget_after
+
+    @skip_if_force_lowest_dependencies_marker
+    def test_get_hooks_with_mocked_fab_skips_mocks_when_wtforms_loaded(self):
+        import wtforms  # noqa: F401
+        from flask_appbuilder.fieldwidgets import BS3TextFieldWidget as widget_before
+
+        HookMetaService._get_hooks_with_mocked_fab()
+
+        from flask_appbuilder.fieldwidgets import BS3TextFieldWidget as widget_after
+
+        assert widget_before is widget_after