Fifth District Bancorp, Inc. Authorizes Stock Repurchase Program

Rhea-AI Summary

Fifth District Bancorp (Nasdaq: FDSB) has announced a new stock repurchase program authorizing the buyback of up to 555,947 shares of its common stock, representing 10% of currently outstanding shares.

The repurchases will be conducted on the open market, including through an SEC Rule 10b5-1 trading plan. The company maintains flexibility to suspend or discontinue the program based on market conditions and other factors.

Positive

• Authorization to repurchase up to 10% of outstanding shares demonstrates confidence in company's financial position
• Stock buyback program could help support share price and increase earnings per share
• Flexible implementation through 10b5-1 plan allows for systematic execution

Negative

• No specified timeline for the buyback completion
• Program can be suspended or discontinued at any time
• No guarantee provided regarding the number of shares to be repurchased

NEW ORLEANS, Aug. 25, 2025 /PRNewswire/ -- Fifth District Bancorp, Inc. (the "Company") (Nasdaq: FDSB), the holding company for Fifth District Savings Bank, announced today it has authorized a stock repurchase program for up to 555,947 shares of its common stock, representing 10% of shares currently outstanding.

The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time.

About Fifth District Savings Bank

Originally chartered in 1926, Fifth District Savings Bank is a federally-chartered stock savings bank that conducts its business from its main office and six branch offices located in Orleans, St. Tammany and Jefferson Parishes.

Forward-Looking Statements

This press release contains certain forward-looking statements about the stock repurchase program. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include the Company's inability to execute the repurchase program due to stock market conditions or otherwise.

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SOURCE Fifth Distirct Bancorp, Inc.

FAQ

How many shares is Fifth District Bancorp (FDSB) authorized to repurchase?

Fifth District Bancorp is authorized to repurchase up to 555,947 shares of its common stock, which represents 10% of currently outstanding shares.

How will Fifth District Bancorp (FDSB) implement its stock buyback program?

The company will conduct repurchases on the open market, including through a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors.

Can Fifth District Bancorp (FDSB) suspend its stock repurchase program?

Yes, the company has explicitly stated it may suspend or discontinue the program at any time based on market conditions and other factors.

What percentage of Fifth District Bancorp's (FDSB) outstanding shares does the buyback program represent?

The stock repurchase program represents 10% of the company's currently outstanding shares.

When did Fifth District Bancorp (FDSB) announce its stock buyback program?

Fifth District Bancorp announced the stock buyback program on August 25, 2025.