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) declared a cash dividend of $0.15 per share on its common stock, set for payment on February 14, 2022. Shareholders of record by February 7, 2022 will receive this dividend, demonstrating the company's commitment to returning value to its investors. Operating through its wholly owned subsidiary, Five Star Bank, the company has a presence across Northern California with seven branches and two loan production offices.
Five Star Bancorp (NASDAQ: FSBC) will disclose its financial results for Q4 and the fiscal year ending December 31, 2021, on January 31, 2022, prior to market opening. A live webcast will follow on February 1, 2022, at 1:00 PM ET to discuss these results. The webcast can be accessed through the company's website and will be available for 90 days post-event.
Based in Rancho Cordova, California, Five Star operates seven branches and two loan production offices across Northern California.
On December 16, 2021, Five Star Bancorp (Nasdaq: FSBC) appointed Donna Lucas to its Board of Directors. Ms. Lucas, a seasoned strategic communications consultant and CEO of Lucas Public Affairs, has extensive experience in public affairs, having worked with various sectors including energy, healthcare, and technology. Her previous roles include serving as Deputy Chief of Staff for Governor Arnold Schwarzenegger. The appointment is expected to enhance the Bank's leadership and community engagement efforts, according to CEO James Beckwith.
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.
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