Fifth District Bancorp Q2 FY26 net income drops 87.7% to $384,000; net interest income rises 18% to $3.7 million - FDSB News | RalliesFifth District Bancorp Q2 FY26 net income drops 87.7% to $384,000; net interest income rises 18% to $3.7 million
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FDSB• Quarterly results
- Fifth District Bancorp posted Q2 net income of $384,000, down 87.7% from a year earlier.
- Net interest income rose 18% to $3.72 million, with net interest margin widening 44 basis points to 2.98%.
- Noninterest income fell 93.6% to $239,000, reflecting the absence of a bank owned life insurance proceeds gain recorded last year.
- Total assets edged down 0.4% to $532.1 million since Dec. 31, while loans receivable, net, climbed 4.5% to $393.4 million.
- Deposits slipped 0.4% to $391.6 million since Dec. 31; stockholders’ equity decreased 0.6% to $129 million on higher AOCI loss and share repurchases.
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