Welcome to our dedicated page for Five Star Bancorp news (Ticker: $FSBC), a resource for investors and traders seeking the latest updates and insights on Five Star Bancorp stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Five Star Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Five Star Bancorp's position in the market.
Five Star Bancorp reported net income of $10.6 million for Q1 2024, compared to $10.8 million in Q4 2023 and $13.2 million in Q1 2023. The company declared a cash dividend of $0.20 per share and completed a successful public offering of 3,450,000 shares of common stock in April 2024. Despite margin compression, disciplined expense management led to an efficiency ratio of 44.50%. Total deposits decreased by $71.1 million in Q1 2024 due to a decline in wholesale deposits, offset by an increase in non-wholesale deposits. The company's short-term borrowings decreased by $50.0 million. Loan and deposit growth showed positive trends. Net interest margin decreased slightly, while other financial ratios remained stable. The company's asset quality and liquidity position were strong.