Fifth District Bancorp (FDSB)
Market Price (2/16/2026): $14.9 | Market Cap: $76.6 MilSector: Financials | Industry: Regional Banks
Fifth District Bancorp (FDSB)
Market Price (2/16/2026): $14.9Market Cap: $76.6 MilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -44% | Trading close to highsDist 52W High is -0.6%, Dist 3Y High is -0.6% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 105x |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81% | Weak multi-year price returns3Y Excs Rtn is -19% | Key risksFDSB key risks include [1] its loan portfolio's heavy concentration in residential mortgages and [2] material weaknesses in internal control over its allowance for credit losses. |
| Low stock price volatilityVol 12M is 17% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -44% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 81% |
| Low stock price volatilityVol 12M is 17% |
| Trading close to highsDist 52W High is -0.6%, Dist 3Y High is -0.6% |
| Weak multi-year price returns3Y Excs Rtn is -19% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 105x |
| Key risksFDSB key risks include [1] its loan portfolio's heavy concentration in residential mortgages and [2] material weaknesses in internal control over its allowance for credit losses. |
Qualitative Assessment
AI Analysis | Feedback
1. Stock Repurchase Program: The positive impact of the stock repurchase program, authorized on August 25, 2025, allowed for the repurchase of up to 555,947 shares, representing 10% of Fifth District Bancorp's outstanding common stock. This program likely signaled management's confidence in the company's value and contributed to the stock's appreciation during the period.
2. Perceived Undervaluation: The company's low Price/Book value, which stood at 0.62 as of January 29, 2026, suggested that the stock was perceived as undervalued by investors. This valuation metric likely attracted buyers looking for value opportunities.
Show more
Stock Movement Drivers
Fundamental Drivers
The 13.3% change in FDSB stock from 10/31/2025 to 2/15/2026 was primarily driven by a 40.2% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.34 | 15.11 | 13.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 17 | 2.7% |
| Net Income Margin (%) | 15.7% | 22.0% | 40.2% |
| P/E Multiple | 26.7 | 21.0 | -21.3% |
| Shares Outstanding (Mil) | 5 | 5 | 0.0% |
| Cumulative Contribution | 13.3% |
Market Drivers
10/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FDSB | 13.3% | |
| Market (SPY) | -0.0% | 4.6% |
| Sector (XLF) | -1.4% | 11.4% |
Fundamental Drivers
The 12.9% change in FDSB stock from 7/31/2025 to 2/15/2026 was primarily driven by a 1913.4% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.38 | 15.11 | 12.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12 | 17 | 39.4% |
| Net Income Margin (%) | 1.1% | 22.0% | 1913.4% |
| P/E Multiple | 520.9 | 21.0 | -96.0% |
| Shares Outstanding (Mil) | 5 | 5 | -0.1% |
| Cumulative Contribution | 12.9% |
Market Drivers
7/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FDSB | 12.9% | |
| Market (SPY) | 8.2% | 22.2% |
| Sector (XLF) | -1.1% | 28.6% |
Fundamental Drivers
The 16.6% change in FDSB stock from 1/31/2025 to 2/15/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2152026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.96 | 15.11 | 16.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 17 | 0.0% |
| Net Income Margin (%) | � | 22.0% | 0.0% |
| P/E Multiple | � | 21.0 | 0.0% |
| Shares Outstanding (Mil) | 6 | 5 | 8.1% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2025 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FDSB | 16.6% | |
| Market (SPY) | 14.3% | 28.3% |
| Sector (XLF) | 1.4% | 33.3% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2023 to 2/15/2026| Return | Correlation | |
|---|---|---|
| FDSB | ||
| Market (SPY) | 74.0% | 26.1% |
| Sector (XLF) | 47.7% | 29.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FDSB Return | - | - | - | 23% | 19% | 1% | 47% |
| Peers Return | 31% | 6% | -11% | 17% | 11% | 23% | 96% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -0% | 82% |
Monthly Win Rates [3] | |||||||
| FDSB Win Rate | - | - | - | 80% | 50% | 100% | |
| Peers Win Rate | 63% | 50% | 42% | 55% | 60% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FDSB Max Drawdown | - | - | - | -2% | -9% | -2% | |
| Peers Max Drawdown | -4% | -9% | -38% | -15% | -25% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HBCP, ISTR, RRBI, FGBI, HWC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)
How Low Can It Go
FDSB has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to HBCP, ISTR, RRBI, FGBI, HWC
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Fifth District Bancorp (FDSB)
AI Analysis | Feedback
nullAI Analysis | Feedback
Fifth District Bancorp (FDSB) provides typical community banking services through its subsidiary bank, Summit Community Bank. Its major services include:
- Deposit Accounts: Attracting and managing funds for individuals and businesses through various checking, savings, money market, and certificate of deposit accounts.
- Lending Services: Providing a range of loans to individuals and businesses, including commercial, real estate (mortgage and home equity), and consumer loans.
- Cash Management Services: Offering businesses solutions such as treasury management, merchant services, and remote deposit capture to optimize their financial operations.
- Digital Banking: Providing convenient access to banking services through online and mobile platforms, including bill pay, transfers, and account management.
AI Analysis | Feedback
Fifth District Bancorp (symbol: FDSB) is the holding company for Southern Bancorp, Inc., a community bank and certified Community Development Financial Institution (CDFI) operating in Arkansas and Mississippi.
As a community bank, FDSB serves a diverse customer base consisting of both individuals and businesses within its operational footprint. It is generally not possible to identify specific major customer companies for a bank due to client confidentiality and the nature of banking services. However, based on its business model as a community bank and CDFI, its customer base can be broadly categorized as follows:
- Retail/Consumer Customers: Individuals and households seeking traditional banking services such as checking and savings accounts, mortgages, personal loans, auto loans, and other consumer credit products. As a CDFI, Southern Bancorp often focuses on serving underserved populations and communities.
- Small to Medium-sized Business (SMB) Clients: Local businesses of varying sizes that utilize commercial loans, lines of credit, business checking and savings accounts, treasury management services, and Small Business Administration (SBA) loans to support their operations and growth.
- Community Development and Non-Profit Organizations: Due to its mission as a CDFI, Southern Bancorp actively partners with and provides financial services to non-profit organizations, community development entities, and initiatives focused on economic growth, affordable housing, and social impact within its communities.
AI Analysis | Feedback
null
AI Analysis | Feedback
Amie L. Lyons, Interim President & Chief Executive Officer
Ms. Lyons was appointed Interim President and Chief Executive Officer of Fifth District Bancorp in June 2025. Prior to this, she served as the Senior Vice President of Administration & Operations for Fifth District Savings Bank from 2019 until June 2025. She also became a Director of Fifth District Savings Bank in 2022.
Melissa C. Burns, Vice President/Chief Financial Officer & Treasurer
Ms. Burns serves as the Vice President, Chief Financial Officer, and Treasurer of Fifth District Bancorp. In July 2025, her annual retirement benefit was increased to $94,000.
Dodie F. Gervais, Vice President/Lending
Ms. Gervais holds the title of Vice President/Lending at Fifth District Bancorp.
Brandi S. Roe, Vice President/Marketing, Corporate Secretary
Ms. Roe is the Vice President of Marketing and Corporate Secretary for Fifth District Bancorp.
Shane M. Smith, Vice President/Chief Credit Officer
Mr. Smith serves as the Vice President and Chief Credit Officer for Fifth District Bancorp.
AI Analysis | Feedback
Key Risks to Fifth District Bancorp (FDSB)
- Intense Competition: Fifth District Bancorp faces significant competition within its primary market area for both attracting retail deposits and making loans. This competition comes from a diverse range of financial institutions, including large money center banks, regional banks, community banks, savings institutions, credit unions, mortgage banking firms, consumer finance companies, and fintech companies.
- Concentration in Residential Mortgage Loans: The company's loan portfolio is primarily composed of fixed-rate one-to-four family residential mortgage loans. This concentration exposes the business to risks associated with fluctuations in the residential real estate market and changes in interest rates.
- Material Weaknesses in Internal Control Over Financial Reporting: Fifth District Bancorp has identified material weaknesses in its internal control over financial reporting, particularly concerning the allowance for credit losses. This poses a risk to the accuracy of its financial statements and its ability to effectively manage credit risk.
AI Analysis | Feedback
The emergence of digital-first banks (neobanks) and specialized fintech lenders poses a clear emerging threat to Fifth District Bancorp. These competitors leverage technology to offer lower fees, competitive rates, and superior digital user experiences, attracting customers for deposits, loans, and other financial services without the overhead of physical branches. This shift in consumer preference towards digital banking and specialized financial solutions directly challenges FDSB's traditional branch-based model and could erode its customer base, particularly among younger demographics and digitally-savvy small businesses.
AI Analysis | Feedback
Fifth District Bancorp (FDSB) primarily operates as a community bank in the New Orleans-Metairie Metropolitan Statistical Area, Louisiana, and surrounding parishes, offering a range of banking products and services. The addressable markets for their main products and services, primarily within the United States, are as follows:
- Community Banking Services: The U.S. community banking market was valued at approximately USD 6.35 billion in 2024. This market encompasses general banking services and deposit accounts, which are core offerings of Fifth District Bancorp, including checking accounts, money market accounts, and certificates of deposit. The North American community banking market held over 40% of the global market share in 2024, with the U.S. being the largest contributor.
- Residential Mortgage Loans: The balances outstanding of the residential mortgages industry in the United States of America attained a value of approximately USD 12.85 trillion in 2023. Fifth District Bancorp's loan portfolio primarily consists of fixed-rate one- to four-family residential mortgage loans, in addition to construction loans, home equity loans, home equity lines of credit, and land loans.
- Commercial Business Loans (including Commercial Real Estate Lending): The U.S. commercial real estate debt market was approximately $4.97 trillion as of March 2023. This figure includes $4.5 trillion backed by income-producing properties and $470 billion in construction loans. Fifth District Bancorp engages in purchasing commercial business loans and originates and purchases loan participations and whole loans through third-party originators.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for Fifth District Bancorp (FDSB)
Over the next 2-3 years, Fifth District Bancorp (FDSB), having recently completed its initial public offering in July 2024, is expected to drive future revenue growth through several key areas:
- Loan Portfolio Expansion: As a federally-chartered savings bank, Fifth District Bancorp's primary business involves originating loans, predominantly fixed-rate one-to-four family residential mortgage loans, which it typically retains in its portfolio. Growth in the volume of these and other loan types, such as construction loans, home equity loans, and commercial business loans, will directly contribute to increased interest income, a core component of its revenue.
- Net Interest Margin (NIM) Management: The company's net interest margin (NIM) increased to 2.41% in Q1 2025 from 1.81% in the same quarter of the previous year. While recent earnings have been flat, an improving NIM can enhance profitability from lending activities. Future revenue growth could be driven by strategic management of interest rates, potentially benefiting from declining interest rates where deposit costs may fall faster than loan yields.
- Growth in Deposits and Digital Banking Services: Deposits are the primary source of funds for Fifth District Bancorp's lending and investment activities. An increase in checking, money market, and certificate of deposit accounts, along with the continued adoption of electronic banking services like mobile and online banking, can provide a stable and cost-effective funding base, supporting further loan growth and overall revenue generation. The company's mission includes integrating new technologies to better serve its community.
- Strategic Introduction of New Products and Services: Fifth District Bancorp is committed to integrating "new technologies, products, and services to better serve our community" as part of its mission. This focus on innovation is expected to attract new customers, deepen relationships with existing ones, and potentially create new fee-based income streams, thereby diversifying and growing revenue.
AI Analysis | Feedback
Fifth District Bancorp (FDSB) has made the following capital allocation decisions over the last 3-5 years:Share Repurchases
- Fifth District Bancorp authorized a stock repurchase program on August 25, 2025, for up to 555,947 shares of its common stock.
- This authorization represents 10% of the company's currently outstanding shares.
- The repurchases are intended to be conducted on the open market, potentially through a trading plan adopted under SEC Rule 10b5-1.
Share Issuance
- Fifth District Bancorp completed its initial public offering (IPO) on July 31, 2024.
- The Company sold 5,459,473 shares of common stock at a price of $10.00 per share, resulting in gross offering proceeds of approximately $54.6 million.
- In connection with the IPO, 100,000 shares of common stock were issued to The Fifth District Community Foundation, Inc.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Fifth District Bancorp Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 45.52 |
| Mkt Cap | 0.4 |
| Rev LTM | 108 |
| Op Inc LTM | - |
| FCF LTM | 34 |
| FCF 3Y Avg | 37 |
| CFO LTM | 37 |
| CFO 3Y Avg | 41 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.9% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 12.5% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 32.6% |
| CFO/Rev 3Y Avg | 35.4% |
| FCF/Rev LTM | 29.0% |
| FCF/Rev 3Y Avg | 32.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.4 |
| P/S | 3.7 |
| P/EBIT | - |
| P/E | 12.6 |
| P/CFO | 12.9 |
| Total Yield | 8.4% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 11.9% |
| D/E | 0.2 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.2% |
| 3M Rtn | 23.6% |
| 6M Rtn | 19.1% |
| 12M Rtn | 24.4% |
| 3Y Rtn | 56.6% |
| 1M Excs Rtn | 9.5% |
| 3M Excs Rtn | 23.5% |
| 6M Excs Rtn | 11.0% |
| 12M Excs Rtn | 12.1% |
| 3Y Excs Rtn | -13.8% |
Price Behavior
| Market Price | $15.11 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 08/01/2024 | |
| Distance from 52W High | -0.6% | |
| 50 Days | 200 Days | |
| DMA Price | $14.80 | $12.58 |
| DMA Trend | up | up |
| Distance from DMA | 2.1% | 20.1% |
| 3M | 1YR | |
| Volatility | 10.8% | 16.8% |
| Downside Capture | -48.99 | 7.61 |
| Upside Capture | 30.40 | 22.52 |
| Correlation (SPY) | 3.3% | 27.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.18 | -0.31 | 0.05 | 0.22 | 0.27 | 0.07 |
| Up Beta | 0.39 | 0.02 | 0.50 | 0.49 | 0.29 | 0.04 |
| Down Beta | 0.08 | -0.06 | 0.19 | 0.22 | 0.33 | 0.01 |
| Up Capture | -40% | 2% | 25% | 27% | 18% | 6% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 13 | 27 | 38 | 70 | 126 | 192 |
| Down Capture | -72% | -120% | -55% | -8% | 19% | 23% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 6 | 12 | 21 | 50 | 114 | 164 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FDSB | |
|---|---|---|---|---|
| FDSB | 22.2% | 17.3% | 1.01 | - |
| Sector ETF (XLF) | 1.6% | 19.3% | -0.04 | 34.1% |
| Equity (SPY) | 14.0% | 19.4% | 0.55 | 28.3% |
| Gold (GLD) | 74.3% | 25.3% | 2.17 | 11.3% |
| Commodities (DBC) | 7.0% | 16.7% | 0.24 | 14.9% |
| Real Estate (VNQ) | 7.9% | 16.6% | 0.28 | 24.7% |
| Bitcoin (BTCUSD) | -29.8% | 44.9% | -0.65 | 15.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FDSB | |
|---|---|---|---|---|
| FDSB | 8.2% | 19.7% | 1.21 | - |
| Sector ETF (XLF) | 12.4% | 18.7% | 0.54 | 29.0% |
| Equity (SPY) | 13.3% | 17.0% | 0.62 | 26.1% |
| Gold (GLD) | 22.1% | 17.0% | 1.06 | 8.4% |
| Commodities (DBC) | 10.5% | 18.9% | 0.44 | 2.5% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 22.0% |
| Bitcoin (BTCUSD) | 8.3% | 57.2% | 0.37 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FDSB | |
|---|---|---|---|---|
| FDSB | 4.0% | 19.7% | 1.21 | - |
| Sector ETF (XLF) | 13.8% | 22.2% | 0.57 | 29.0% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 26.1% |
| Gold (GLD) | 15.3% | 15.6% | 0.82 | 8.4% |
| Commodities (DBC) | 8.1% | 17.6% | 0.38 | 2.5% |
| Real Estate (VNQ) | 6.4% | 20.7% | 0.27 | 22.0% |
| Bitcoin (BTCUSD) | 67.9% | 66.7% | 1.07 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sins, Linda A | Corporation | Sell | 9182025 | 13.95 | 150 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.