Five Star Bancorp Declares Third Quarter Cash Dividend

Rhea-AI Summary

Five Star Bancorp (Nasdaq: FSBC), the holding company of Five Star Bank, has declared a cash dividend of $0.20 per share on its voting common stock. The dividend is scheduled for payment on November 12, 2024, to shareholders of record as of November 4, 2024. This announcement demonstrates the company's commitment to providing returns to its shareholders and may indicate financial stability. However, investors should consider the sustainability of such dividends and their impact on the company's overall financial health.

Positive

• Declaration of a $0.20 per share cash dividend
• Consistent shareholder returns through dividend payments

Negative

• None.

RANCHO CORDOVA, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the "Bank"), announced today the declaration of a cash dividend of $0.20 per share on the Company’s voting common stock. The dividend is expected to be paid on November 12, 2024, to shareholders of record as of November 4, 2024.

About Five Star Bancorp
Five Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The Bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

Special Note Concerning Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Reports on Form 10-Q for the three months ended March 31, 2024 and June 30, 2024, in each case under the section entitled “Risk Factors,” and other documents filed by the Company with the Securities and Exchange Commission from time to time.

The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

Investor Contact:
Heather C. Luck, Chief Financial Officer
Five Star Bancorp
(916) 626-5008
hluck@fivestarbank.com

Media Contact:
Shelley R. Wetton, Chief Marketing Officer
Five Star Bancorp
(916) 284-7827
swetton@fivestarbank.com

FAQ

What is the amount of Five Star Bancorp's (FSBC) declared dividend for Q3 2024?

Five Star Bancorp (FSBC) has declared a cash dividend of $0.20 per share for the third quarter of 2024.

When is the payment date for Five Star Bancorp's (FSBC) Q3 2024 dividend?

The dividend is expected to be paid on November 12, 2024.

What is the record date for Five Star Bancorp's (FSBC) Q3 2024 dividend?

The record date for the dividend is November 4, 2024. Shareholders of record as of this date will be eligible to receive the dividend.

How often does Five Star Bancorp (FSBC) pay dividends?

Based on the information provided in the press release, we cannot determine the frequency of Five Star Bancorp's dividend payments. The announcement only covers the third quarter dividend for 2024.