Fifth District Bancorp, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 10, 2026, reporting third-quarter net income of $322 thousand and total assets of $537.062 million.

Key Highlights

  • Net income: $322 thousand for the three months ended September 30, 2026, compared with $343 thousand in the same period of 2025, according to the filing.
  • Net interest income: $3.757 million for Q3 2026, up from $3.345 million in Q3 2025, as reported in the consolidated statements of operations.
  • Total assets: $537.062 million as of September 30, 2026, compared with $534.394 million at December 31, 2025.
  • Loans receivable, net: $404.709 million at September 30, 2026, up from $376.391 million at December 31, 2025.
  • Shares outstanding: 5,197,813 shares of common stock as of November 10, 2026, with 5,224,385 shares issued and outstanding at September 30, 2026.
  • Total stockholders' equity: $127.367 million at September 30, 2026, down from $129.757 million at December 31, 2025.
  • Income per share: $0.07 basic and diluted for Q3 2026, the same as Q3 2025.

Fifth District Bancorp's Financial Position and Operating Results for Q3 2026

According to the filing, Fifth District Bancorp, Inc. (NASDAQ:FDSB), a Maryland-incorporated bank holding company headquartered at 4000 General DeGaulle Drive, New Orleans, Louisiana, reported total interest and dividend income of $5.876 million for the three months ended September 30, 2026, compared with $5.693 million in the year-earlier quarter. Total interest expense on deposits declined to $2.119 million from $2.348 million over the same period, resulting in net interest income of $3.757 million. No provision for credit losses on loans or unfunded commitments was recorded in either the current or prior-year quarter, the filing stated.

Non-interest income for Q3 2026 was $239 thousand, modestly higher than the $228 thousand recorded in Q3 2025. Non-interest expense rose to $3.588 million from $3.139 million, with salaries and employee benefits increasing to $2.124 million from $1.783 million and data processing rising to $386 thousand from $327 thousand, as disclosed in the consolidated statements of operations. Income tax expense was $86 thousand for the quarter, producing net income of $322 thousand and basic and diluted earnings per share of $0.07.

On the balance sheet, the allowance for credit losses remained unchanged at $1.699 million between December 31, 2025 and September 30, 2026, the filing disclosed. Accumulated other comprehensive loss widened to $(6.552) million from $(4.428) million, reflecting an unrealized net loss on investment securities available-for-sale of $(2.328) million during Q3 2026. For the nine months ended September 30, 2026, the company reported net income of $1.093 million and earnings per share of $0.22, compared with $3.547 million and $0.69 per share in the same period of 2025, a difference the filing attributes in part to $3.469 million in gain on insurance proceeds recognized in the nine months ended September 30, 2025 that did not recur in 2026.

What Was Disclosed

Fifth District Bancorp filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing balance sheet data, income statement results, comprehensive income figures, and share counts as of the filing and reporting dates.