Added to YB: 2026-04-29
Pitch date: 2026-02-28
FDSB [bullish]
Fifth District Bancorp, Inc.
+2.16%
current return
Author Info
No bio for this author
Company Info
Fifth District Bancorp, Inc. operates as the bank holding company for Fifth District Savings Bank that provides various banking products and services primarily in the United States.
Market Cap
$79.9M
Pitch Price
$14.83
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
18.92
EV/Sales
N/A
Sector
Banks
Category
value
Fifth District Bancorp, Inc. - $FDSB
FDSB: New Orleans thrift conversion at 65% TBV, $550M assets. 40% tier 1 capital ratio vs 10% req'd; could buy back entire mkt cap & stay well-capitalized. 10% buyback authorized post-Aug '25 IPO lockup, more likely + dividend. Eligible for acquisition Aug '27 at premium to TBV. 0.05% NPLs, sticky retail deposits, but slim 2.5% NIM & high op costs hurt ROE. FJ Capital 6.6% holder. Risks: NOLA geography, rate sensitivity, $85M mkt cap illiquidity.
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