Quarterly ResultMay 12, 2026, 05:22 PM
Fifth District Bancorp Q1 Net Income $387K, EPS $0.08
AI Summary
Fifth District Bancorp reported a significant increase in net income for the first quarter ended March 31, 2026, reaching $387 thousand, up from $78 thousand in the prior year. Diluted earnings per share rose to $0.08 from $0.02. The company also saw a 20.8% increase in net interest income and a 3.18% growth in net loans receivable compared to the previous quarter.
Key Highlights
- Net income increased to $387 thousand for Q1 2026, up from $78 thousand in Q1 2025.
- Diluted earnings per share rose to $0.08 for Q1 2026, compared to $0.02 in Q1 2025.
- Net interest income grew 20.8% to $3,549 thousand for Q1 2026.
- Total assets increased to $535.7 million as of March 31, 2026, from $534.4 million at year-end 2025.
- Net loans receivable grew 3.18% to $388.4 million as of March 31, 2026.
- The company repurchased $893 thousand of common stock during the quarter.