FIVE STAR BANCORP Stock Price, News & Analysis

Five Star Bancorp (Nasdaq: FSBC) announces leadership changes effective May 18, 2023. Robert T. Perry-Smith will take over as Chairperson of the Board, succeeding David Lucchetti, who retires after four years. In recent rankings, Five Star Bank achieved the top position among community banks with $3 billion to $10 billion in assets, outperforming 196 banks in key metrics. The bank holds a Bauer Financial Superior Rating and an IDC Superior Rating. Perry-Smith, with extensive banking industry experience, plans to address the evolving needs of clients and shareholders while ensuring continued growth and community commitment.

Five Star Bancorp (Nasdaq: FSBC) has achieved the #1 ranking on the S&P Global Market Intelligence annual list of best-performing community banks for 2022, specifically for those with assets between $3 billion and $10 billion. The company also received a Bauer Financial Superior Rating of 5 stars and an IDC Superior Rating of 300 out of 300. Furthermore, Five Star is recognized as a Super Premier Performing Bank by The Findley Reports. CEO James Beckwith expressed pride in this accolade, emphasizing its significance amidst the current volatility in the banking sector.

Five Star Bancorp (FSBC) reported net income of $13.3 million for Q4 2022, an increase from $11.7 million in Q3 2022 and $11.3 million in Q4 2021. For the full year 2022, net income rose to $44.8 million from $42.4 million in 2021. Total loans held for investment grew by 44.29% year-over-year, reaching $2.79 billion. Net interest margin stood at 3.83%, slightly down from 3.86% in Q3 2022, but up from 3.67% in Q4 2021. The bank declared a cash dividend of $0.15 per share in Q4 2022. Despite increases in operational costs and provisions for income taxes, the bank achieved strong loan growth and maintained a positive outlook for 2023.

On January 20, 2023, Five Star Bancorp (Nasdaq: FSBC) announced a cash dividend of $0.15 per share on its common stock. This dividend is scheduled for payment on February 13, 2023, to shareholders of record as of February 6, 2023. Headquartered in Rancho Cordova, California, Five Star operates through its wholly owned banking subsidiary, Five Star Bank, which has seven branches and one loan production office in Northern California. This move underscores the company’s ongoing commitment to return value to its investors.

Five Star Bancorp (Nasdaq: FSBC) will report its financial results for the quarter and year ended December 31, 2022, after the market closes on January 30, 2023. A live webcast for analysts and investors will take place on January 31, 2023, at 1:00 PM ET to discuss these results. Interested parties can access the webcast from the Company's website and must pre-register. Five Star Bancorp is a bank holding company based in Rancho Cordova, California, operating through its subsidiary, Five Star Bank, which has seven branches and one loan production office in Northern California.

Five Star Bancorp (Nasdaq: FSBC) reported a net income of $11.7 million for Q3 2022, up from $10.0 million in Q2 2022 and $11.0 million YoY. Key highlights include:

• Pre-tax net income rose to $16.5 million.
• Loans held for investment increased by 51.52% YoY to $2.58 billion.
• Non-interest income decreased by 23.28% compared to Q2 2022.
• Basic earnings per share were $0.68.
• Total deposits grew by 14.37% to $2.61 billion.

The company's focus remains on organic growth and maintaining credit quality.

Five Star Bancorp (Nasdaq: FSBC) has declared a cash dividend of $0.15 per share on its common stock, with payment scheduled for November 14, 2022. Shareholders of record as of November 7, 2022 will be eligible for this dividend. The announcement underscores the company's commitment to returning value to its shareholders. Five Star Bancorp, headquartered in Rancho Cordova, operates through its subsidiary, Five Star Bank, which has multiple branches across Northern California.

Five Star Bancorp (Nasdaq: FSBC) will announce its financial results for Q3 2022 on October 24, 2022, after market close. A live webcast for analysts and investors will follow on October 25, 2022, at 1:00 PM ET. The webcast can be accessed from the Company's website and will be archived for 90 days. Five Star Bancorp, based in Rancho Cordova, California, operates through its subsidiary, Five Star Bank, which has seven branches and one loan production office in Northern California.

Five Star Bancorp (Nasdaq: FSBC) announced the successful completion of a $75 million private placement of subordinated notes due September 1, 2032. The fixed-to-floating rate notes will offer a 6.00% interest rate for the first five years, resetting quarterly thereafter. Proceeds will be used for general corporate purposes, including the redemption of existing subordinated notes. The offering was made through qualified institutional buyers, adhering to securities regulations. This move is anticipated to support long-term growth objectives, as stated by CEO James Beckwith.