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.
Five Star Bancorp (FSBC) provides investors and stakeholders with a centralized hub for tracking company developments in California's community banking sector. This resource aggregates official press releases, financial updates, and strategic announcements from the institution known for its commercial real estate expertise and personalized banking services.
Users will find timely updates on earnings reports, leadership changes, product launches, and regulatory filings. The curated collection serves professionals monitoring regional banking trends, small business financing innovations, and FSBC's community reinvestment initiatives.
Key focus areas include commercial lending developments, deposit product enhancements, and market expansion within Northern California. Content is organized for quick scanning while maintaining depth for financial analysis needs.
Bookmark this page for streamlined access to FSBC's latest corporate communications. Check back regularly for updates directly from the company, ensuring informed decision-making based on primary source materials.
Five Star Bancorp (Nasdaq: FSBC) reported a net income of $13.2 million for Q1 2023, slightly below the $13.3 million in Q4 2022 but up from $9.9 million in Q1 2022. Key metrics included a return on average assets (ROAA) of 1.65% and return on average equity (ROAE) of 20.94%. The bank experienced a 4.97% increase in total deposits, amounting to $2.92 billion, and a 2.81% rise in loans held for investment to $2.87 billion. The net interest margin decreased to 3.75% from 3.83% in the previous quarter. The board declared an increased dividend of $0.20 per share. The adoption of ASC 326 resulted in a $4.5 million reduction in retained earnings due to higher credit loss allowances. The bank maintained its well-capitalized status with a CET1 capital ratio of 9.02%.
Five Star Bancorp (Nasdaq: FSBC) has declared a cash dividend of $0.20 per share on its voting common stock. The dividend will be paid on May 15, 2023, to shareholders of record as of May 8, 2023. This decision underscores the Company's commitment to delivering returns to its shareholders.
Headquartered in Rancho Cordova, California, Five Star operates through its wholly owned subsidiary, Five Star Bank, which has seven branches and one loan production office in Northern California. Investors are encouraged to stay informed, as the Company may issue forward-looking statements that reflect its business outlook and operational expectations.
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