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 a net income of $11.0 million for Q3 2021, up from $9.8 million in Q2 2021 and $9.3 million in Q3 2020. Diluted earnings per share was $0.64, down 4.48% from Q2 2021. Total loans reached $1.65 billion, a 12.38% increase from the previous quarter. Non-interest income rose by 9.86% to $2.03 million, primarily due to a 372.83% increase in gain on sale of securities. The company declared a dividend of $0.15 per share. The return on assets (ROAA) was 1.85%, while return on equity (ROAE) declined to 19.26%. Total assets grew to $2.4 billion.
Five Star Bancorp (Nasdaq: FSBC) will announce its financial results for the quarter ending September 30, 2021, on October 25, 2021, after market close. A live webcast for analysts and investors will follow on October 26, 2021, at 1:00 PM ET. The event can be accessed via the company’s website, and pre-registration is required. Five Star Bank operates seven branches and two loan offices across Northern California.
Five Star Bancorp (Nasdaq: FSBC) has appointed Warren Kashiwagi to its Board of Directors as of October 5, 2021. With over 40 years of public accounting experience and a background in tax planning, strategic consulting, and business succession, Kashiwagi aims to enhance corporate strategy and shareholder value. Previously a Tax Partner at Crowe Horwath and Perry-Smith, he brings a wealth of experience from various industries, including healthcare and technology. His addition is expected to strengthen Five Star's leadership and operational insights.
On October 6, 2021, Five Star Bancorp (FSBC) declared a cash dividend of $0.15 per share on its voting common stock. This dividend will be paid on October 19, 2021, to shareholders of record as of October 12, 2021. Headquartered in Rancho Cordova, California, Five Star operates through its wholly owned banking subsidiary, Five Star Bank, with a network of seven branches and two loan production offices throughout Northern California.
Five Star Bancorp (FSBC) reported a net income of $9.8 million for Q2 2021, a decline from $10.3 million in Q1 2021 and $10.1 million in Q2 2020. Diluted earnings per share fell to $0.67 from $0.93 in Q1 2021. The Company ended its Subchapter S status and is now taxed as a C Corporation, resulting in a higher effective tax rate of 20.77%. Total loans increased by 7.57% to $1.46 billion, while total deposits rose by 15.82% to $2.07 billion.
Five Star Bancorp (Nasdaq: FSBC) will report its financial results for the quarter ended June 30, 2021, on Monday, July 26, 2021, after market close. A live webcast for analysts and investors is scheduled for July 27, 2021, at 1:00 PM ET (10:00 AM PT) to discuss the results. The webcast will be available on the company’s website and will be archived for 90 days. Five Star operates as a bank holding company with seven branches and two loan production offices in Northern California.
Five Star Bancorp (Nasdaq: FSBC) announced a cash dividend of $0.15 per share on its voting common stock, to be paid on July 20, 2021, to shareholders of record as of July 13, 2021. This move reflects the company's commitment to returning value to its shareholders. Five Star operates through its wholly owned banking subsidiary, Five Star Bank, with seven branches and two loan production offices in Northern California.
Five Star Bancorp (Nasdaq: FSBC) appointed Leigh White to its Board of Directors effective June 17, 2021. With over 30 years of experience in television broadcast management, Ms. White has a proven track record in revenue development, content production, and operational efficiency. She recently served as Vice President and General Manager of KTXL-TV in Sacramento and brings expertise in finance and marketing. Her diverse background is expected to contribute positively to Five Star's strategic goals and community engagement.
Five Star Bancorp (Nasdaq: FSBC) announces James Beckwith's election as chairman of the Western Bankers Association, effective June 1, 2021. Beckwith, who has been with Five Star Bank since 2003, aims to leverage his experience to advocate for the banking industry and provide innovative solutions. His leadership follows the tenure of Dave Joves, Senior VP at Bank of Guam. Beckwith's community engagement and recognition as Businessman of the Year in 2020 highlight his commitment to the banking sector and the communities served.
Five Star Bancorp (Nasdaq: FSBC) has appointed Randall Reynoso to its Board of Directors, effective May 20, 2021. Reynoso brings 40 years of banking experience, including senior roles at Westamerica Bank and Wells Fargo Bank. His expertise in financial services and strong community relationships are expected to enhance the board's effectiveness. Additionally, a cash distribution of $27 million will be paid to previous S Corporation shareholders on May 21, fulfilling obligations established under a Tax Sharing Agreement.
