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 (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.
On July 26, 2022, KBRA assigned Five Star Bancorp (NASDAQ: FSBC) a senior unsecured debt rating of BBB and a subordinated debt rating of BBB-. Five Star Bank, the main subsidiary, received deposit and senior unsecured debt ratings of BBB+. The Outlook for all long-term ratings is Stable. The favorable ratings reflect a robust branch-based deposit franchise, a competitive efficiency ratio (~40%), and solid capital accretion potential. However, the company faces concentration risks in commercial real estate and has experienced negative impacts on capital levels due to structural changes.
Five Star Bancorp (FSBC) reported a net income of $10.0 million for the second quarter of 2022, up from $9.9 million in Q1 2022 and $9.8 million in Q2 2021. Total loans held for investment rose by 14.44% to $2.4 billion compared to March 2022, and 50.15% year-over-year. Non-interest income declined to $1.997 million, driven by lower gains on loan sales. Provision for loan losses increased by 136.84% to $2.25 million, reflecting loan growth. The company's total assets reached $2.8 billion, a 10.92% increase since year-end 2021, while shareholders’ equity slightly decreased to $233.2 million.
Five Star Bancorp (Nasdaq: FSBC) declared a cash dividend of $0.15 per share on its voting common stock, scheduled for payment on August 15, 2022. This dividend will benefit shareholders of record as of August 8, 2022. The company operates through its wholly owned banking subsidiary, Five Star Bank, which has seven branches and one loan production office in Northern California.
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