Fifth District Bancorp Approves Stock Repurchase Program for 10% of Outstanding Shares

Fifth District Bancorp, Inc. has authorized a stock repurchase program for up to 555,947 shares, representing 10% of its outstanding shares. The repurchases will be conducted on the open market, subject to market conditions and other factors. There is no guarantee as to the number of shares repurchased. The company may suspend or discontinue the program at any time.

New Orleans, Aug. 25, 2025 /PRNewswire/ -- Fifth District Bancorp, Inc. (Nasdaq: FDSB), the holding company for Fifth District Savings Bank, has authorized a stock repurchase program for up to 555,947 shares of its common stock, representing 10% of the shares currently outstanding. The repurchases will be conducted on the open market, including through a trading plan adopted under SEC Rule 10b5-1, subject to market conditions and other factors.

The company intends to repurchase shares at a pace consistent with market conditions and its financial situation. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The program can be suspended or discontinued at any time.

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

The stock repurchase program is part of the company's strategy to enhance shareholder value. However, it is important to note that forward-looking statements, including those regarding the stock repurchase program, are subject to risks and uncertainties. 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 [1].

References:
[1] https://www.marketscreener.com/news/fifth-district-bancorp-inc-authorizes-stock-repurchase-program-ce7c50d8dd8afe21