FDSB
Fifth District Bancorp, Inc.14.30
+0.08+0.56%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
78.98MP/E (TTM)
19.86Basic EPS (TTM)
0.72Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Fifth District Bancorp swung to a $0.07 diluted EPS for Q3 2025 ended September 30, up from a $0.15 loss y/y, while YTD EPS hit $0.69 versus a $0.24 loss (derived from 5.1M weighted shares). Net interest income climbed 16% y/y to $3.3M on 4.49% loan yields and 4.34% securities returns, though margins held at 2.6% amid steady 2.4% deposit costs; loans grew 3% to $381M, fueled by construction and commercial real estate. Noninterest income dipped to $228K, but expenses fell 26% to $3.1M after skipping big charitable gifts. Cash sat at $34M with $397M deposits and $188M FHLB borrowing capacity; a $3.5M insurance gain boosted YTD net to $3.5M. Stock repurchases totaled 37K shares. Yet competition squeezes deposit pricing in New Orleans.
8-K
Annual meeting elects directors
Fifth District Bancorp held its annual stockholder meeting on September 15, 2025, electing Nolan P. Lambert and Linda A. Sins as directors for three-year terms amid strong support, with over 3.2 million for votes each despite minor withholdings. Shareholders approved the 2025 Equity Incentive Plan by a wide margin of 3.2 million for versus 145,624 against. The appointment of EisnerAmper LLP as independent auditors for the fiscal year ending December 31, 2025, passed overwhelmingly with 4.2 million for votes. Governance stays steady.
8-K
Authorizes 10% stock buyback
Fifth District Bancorp authorized a stock repurchase program on August 25, 2025, targeting up to 555,947 shares—10% of its outstanding common stock—to boost shareholder value amid favorable conditions. Repurchases will occur on the open market, possibly via a Rule 10b5-1 plan, yet the company may halt it anytime based on market factors. No fixed timeline or volume is guaranteed. Forward-looking risks include execution hurdles from volatile markets.
10-Q
Q2 FY2025 results
Fifth District Bancorp swung to a solid $3.1M net income for Q2 FY2025 ended June 30, up sharply from $683K a year earlier, fueled by net interest income climbing 38% y/y to $3.1M on higher loan and securities yields, while noninterest income soared on a $3.5M gain from bank-owned life insurance proceeds. Loans grew 3% q/q to $381M, deposits edged up 2% to $398M, and cash dipped to $28M amid funding for originations. No credit losses were provisioned, with the allowance steady at $1.7M covering nonperformers. Equity strengthened to $131M, well above regulatory thresholds. Yet competition in southeast Louisiana's lending market could squeeze margins if rates stay volatile.
8-K
CFO retirement benefit increased
Fifth District Bancorp amended its executive salary continuation agreement for CFO Melissa Burns on July 14, 2025, boosting her annual retirement benefit from $80,316 to $94,000 upon separation after age 65. This adjustment, effective immediately, signals confidence in her leadership amid the bank's emerging growth phase. Total payout now hits $1,410,000 over 15 years. Yet retention costs rise slightly.
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