1. Fifth District Bancorp approved a stock repurchase program for 555,947 shares. 2. The repurchase represents 10% of FDSB's outstanding shares, boosting shareholder value. 3. Trading may occur under SEC Rule 10b5-1 based on market conditions. 4. No guarantee on the exact number of shares bought back; program can be suspended.
Stock repurchases can lead to increased share prices as it reduces supply and signals confidence. Historical examples show firms like Apple and buybacks positively influenced stock value.
The announcement of a buyback is significant for FDSB, indicating strong financial health and favorable market positioning to investors.
Expect immediate positive sentiment from the buyback announcement. Market reactions to buybacks are often quick due to investor psychology.
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.