Fifth District Savings Bank
- Open
- 18.27
- Day high
- 18.27
- Day low
- 18.15
- Prev close
- 18.25
- Volume
- 115
- Mkt cap
- $96M
- P/E (TTM)
- 59.0
- EPS (TTM)
- $0.31
- P/B
- 0.7
- P/S
- 4.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$160K over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions reducing (13F)
Fifth District Savings Bank (FDSB) is a Financial Services company listed on NASDAQ. The stock is up 33% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
Fifth District Savings Bank (FDSB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FDSB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 10, 2026 | — | $0.08 | — | $6M | — |
| May 12, 2026 | — | $0.08 | — | $6M | — |
| Mar 24, 2026 | — | $0.11 | — | $1M | — |
| Aug 12, 2025 | — | $0.61 | — | $9M | — |
| Mar 26, 2025 | — | $0.03 | — | $5M | — |
| Nov 14, 2024 | — | $-0.15 | — | $5M | — |
| Aug 14, 2024 | — | $0.12 | — | $5M | — |
| Dec 31, 2023 | — | $0.03 | — | $4M | — |
| Sep 30, 2023 | — | $0.01 | — | $4M | — |
FDSB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 26, 2026 | Rittiner Chris M.director | Sell | 8,400 | $18.19 |
| Aug 26, 2026 | Rittiner Chris M.director | Sell | 100 | $18.21 |
| Aug 26, 2026 | Rittiner Chris M.director | Sell | 246 | $18.34 |
| Aug 26, 2026 | Rittiner Chris M.director | Sell | 54 | $18.35 |
| Jun 8, 2026 | Nolan Gregory P.officer: SVP & General Counsel | Grant | 11,118 | — |
| May 26, 2026 | Sins Linda A.director | Sell | 8 | $15.03 |
| May 21, 2026 | Sins Linda A.director | Sell | 1,221 | $15.00 |
| May 21, 2026 | Sins Linda A.director | Sell | 1,171 | $15.02 |
| May 21, 2026 | Sins Linda A.director | Sell | 300 | $15.09 |
| Mar 30, 2026 | Smith Shane Michaelofficer: Chief Credit Officer | Buy | 2,701 | $13.45 |
| Mar 30, 2026 | Smith Shane Michaelofficer: Chief Credit Officer | Grant | 11,118 | — |
| Feb 10, 2026 | Burns Melissa C.officer: CFO and Treasurer | Grant | 31,133 | — |
| Feb 10, 2026 | Lyons Amie L.director, officer: President and CEO | Grant | 31,133 | — |
| Feb 10, 2026 | Gervais Dodie F.officer: VP of Lending Subsidiary | Grant | 31,133 | — |
| Sep 18, 2025 | Sins Linda A.director | Sell | 150 | $13.95 |
Source: FDSB SEC Form 4 filings, latest Aug 26, 2026. For informational purposes only — not investment advice.
See the full FDSB insider & 13F page →Fifth District Savings Bank company profile
Overview
Fifth District Bancorp, Inc. (NASDAQ:FDSB) is a bank holding company that operates through its subsidiary Fifth District Savings Bank, serving the New Orleans-Metairie Metropolitan Statistical Area in Louisiana. Founded in 1926, the company went public in August 2024, making it one of the newer entrants to the public markets. The bank has nearly a century of history serving the local community but has faced operational challenges in recent years, including negative net income for fiscal year 2024.
Business
Fifth District Savings Bank operates as a traditional community bank in the regional banking sector. Community banks are financial institutions that primarily serve local markets and focus on relationship-based banking rather than competing on scale like national megabanks. The bank's core business revolves around two main activities: accepting deposits from customers and originating loans. On the deposit side, the bank offers standard banking products including checking accounts, money market accounts, and certificates of deposit (CDs). These deposit accounts serve as the bank's primary source of funding, as customers place their money with the bank in exchange for interest payments and banking services. For lending operations, the bank specializes in residential mortgage lending, offering fixed-rate mortgages for one-to-four family homes. Beyond traditional mortgages, they also originate construction loans (financing for building new homes), home equity loans and lines of credit (allowing homeowners to borrow against their property value), land loans, and share loans. Additionally, the bank purchases commercial business loans, expanding its lending portfolio beyond residential real estate. The bank also provides modern electronic banking services including mobile banking, online banking, telephone banking, bill pay services, and electronic funds transfer through their SmartPay system. These digital services are essential for competing with larger banks and meeting customer expectations in today's banking environment.
Revenue model
Fifth District Savings Bank operates on the traditional banking business model known as net interest margin. The bank makes money primarily through the spread between the interest rates it pays on deposits and the interest rates it charges on loans. When customers deposit money, the bank pays them a relatively low interest rate, then lends that money out at higher interest rates to borrowers, keeping the difference as profit. The bank's paying customers are primarily individuals and businesses in the New Orleans metropolitan area who need deposit accounts and lending services. Depositors pay through account fees and accept lower interest rates on their savings, while borrowers pay interest and fees on their loans. Several factors can significantly impact the bank's profitability. Rising interest rates generally benefit banks initially, as they can charge higher rates on new loans faster than they increase deposit rates. However, if rates rise too quickly, it can reduce loan demand and increase funding costs. Credit quality is crucial - economic downturns in the New Orleans area could lead to loan defaults, requiring provisions for credit losses that directly impact earnings. Competition from larger national banks and fintech companies can pressure both deposit rates (forcing the bank to pay more) and loan rates (forcing them to charge less). The bank's concentration in the New Orleans market makes it particularly vulnerable to local economic conditions, including factors like tourism, oil and gas industry performance, and natural disasters that frequently impact Louisiana. Regulatory compliance costs are also significant for smaller banks, as they must meet the same regulatory requirements as larger institutions but spread these costs over a smaller asset base, creating operational leverage challenges.
Risks & safety
The margin of safety for Fifth District Savings Bank appears concerning based on recent financial performance and metrics. • **Profitability concerns**: The bank reported a net loss of $1.1 million for fiscal year 2024, indicating operational challenges • **Minimal cash position**: Only $5.5 million in cash and short-term investments as of Q1 2025, representing just 1% of total assets • **Negative cash flow**: Operating cash flow was negative $1.1 million for fiscal 2024, though it improved to positive $823,000 in Q1 2025 • **No debt burden**: Debt-to-equity ratio of 0.0 indicates the bank has no significant debt obligations • **Valuation appears reasonable**: Price-to-book ratio of 0.49 suggests the stock trades below book value • **Low profitability**: Return on equity of just 0.06% in Q1 2025 indicates very weak returns to shareholders • **High valuation on earnings**: When profitable, P/E ratios have been elevated (20.9x in Q2 2024) • **Regulatory capital**: As a bank, likely maintains required regulatory capital ratios, though specific tier 1 capital ratios not disclosed The combination of recent losses, minimal cash reserves, and negative operating cash flow creates liquidity concerns, though the lack of debt provides some cushion.
Recent development
Based on the available financial data, Fifth District Savings Bank has experienced significant operational challenges over the past few years. The most notable development was the company's initial public offering in August 2024, transitioning from a private community bank to a publicly-traded entity. This represents a major strategic shift that provides access to public capital markets but also introduces new regulatory requirements and shareholder expectations. The bank's financial performance has been volatile, with fiscal year 2024 showing a net loss of $1.1 million compared to a profit of $797,000 in fiscal 2023. This decline appears to be related to operational challenges and potentially higher credit provisions or operating expenses. However, there are signs of stabilization in early 2025, with the bank returning to marginal profitability in Q1 2025 with net income of $78,000. The bank has maintained its focus on residential mortgage lending and local market presence, but the financial results suggest they may be facing pressure from competitive forces or credit quality issues. The transition to public company status likely required significant investments in compliance infrastructure and reporting capabilities, which may have contributed to the increased operating costs reflected in the 2024 financial results. Without access to detailed earnings call transcripts, it's difficult to assess specific strategic initiatives, but the core business model appears unchanged, focusing on traditional community banking services in the New Orleans metropolitan area.
FDSB company profile · for informational purposes only — not investment advice.
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