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 (NASDAQ: FSBC) is a California-based bank holding company for Five Star Bank, a state-chartered non-member bank that focuses on commercial banking for small and medium-sized businesses, professionals, and individuals. This news page aggregates company-issued press releases and market updates so readers can follow how Five Star Bancorp communicates its performance, strategy, and regional expansion.
Recent news highlights include quarterly earnings announcements where the company reports net income, loan and deposit growth, net interest margin, efficiency ratio, and capital ratios. Management commentary in these releases discusses organic growth in loans held for investment, increases in total and non-wholesale deposits, and the bank’s emphasis on relationship-based commercial banking and operating efficiency.
Visitors will also find updates on dividend declarations, where the Board of Directors announces cash dividends on the company’s common stock, including the per-share amount, record dates, and expected payment dates. Additional items include notices of upcoming earnings release dates and investor webcasts, with details on scheduled calls for analysts and investors.
Company news further covers geographic expansion, such as the opening of a full-service office in Walnut Creek and the build-out of the San Francisco Bay Area team, as well as recognition for the bank and its leadership from regional organizations and industry ranking publications. Investors, analysts, and community stakeholders can use this page to monitor Five Star Bancorp’s financial disclosures, strategic initiatives in Northern California, and key corporate developments over time.
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.
Five Star Bancorp (Nasdaq: FSBC) will disclose its financial results for Q1 2023 on April 24, 2023, post-market closure. Management will conduct a live webcast for investors and analysts on April 25, 2023, at 1:00 PM ET to discuss these results. The webcast will be available on the company’s website, with an archive accessible for 90 days. Five Star Bancorp, headquartered in Rancho Cordova, California, operates through its wholly owned banking subsidiary, Five Star Bank, which has seven branches and one loan production office in Northern California. This update indicates the upcoming reporting period, giving investors a chance to review the latest performance indicators.
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.
FAQ
What is the current stock price of FIVE STAR BANCORP (FSBC)?
What is the market cap of FIVE STAR BANCORP (FSBC)?
