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) is a leading bank holding company headquartered in Rancho Cordova, California. Operating through its wholly-owned subsidiary, Five Star Bank, the company provides a broad range of banking products and services tailored to small and medium-sized businesses, professionals, and individuals. Established in 1999 by local entrepreneurs, Five Star Bank has grown to be among the top-performing banks in its size category in the United States.
With a strong presence in Northern California, Five Star Bank maintains offices in key locations including Rocklin, Sacramento, Elk Grove, Rancho Cordova, Chico, and Redding. The bank's commitment to community development is evident through its focus on reinvesting capital within the Capital Region, fostering economic growth and stability.
Five Star Bank offers a variety of loan products such as commercial real estate loans, commercial loans, commercial land and construction loans, and farmland loans. In addition to its loan products, the bank provides deposit products including checking accounts, savings accounts, money market accounts, and term certificate accounts. The bank’s expedient decision-making is powered by professionals with regional expertise, providing clients with prompt and efficient service.
In recent news, Five Star Bancorp announced its financial results for the quarter and year ending December 31, 2023, with a live webcast scheduled for January 30, 2024, to discuss these results. The company continues to make significant strides in the San Francisco Bay Area, filling a gap in personalized concierge banking left by the failures of Silicon Valley Bank and First Republic Bank. Under the leadership of the Bay Area Region President DJ Kurtze, a team of experienced commercial banking professionals is driving client acquisition and retention.
Five Star Bank has received numerous accolades for its performance and community impact. It was named the best-performing U.S. community bank with assets between $3 billion and $10 billion in the 2022 S&P Global Market Intelligence annual ranking. Additionally, it was awarded the 2022 Raymond James Community Bankers Cup, recognizing the top 10% of community banks in the nation based on various profitability, operational efficiency, and balance sheet metrics.
For more information about Five Star Bancorp, visit their official website at www.fivestarbank.com. As a member of the FDIC and an equal housing lender, Five Star Bank remains dedicated to meeting the financial needs of its community while maintaining a strong commitment to regulatory compliance and financial integrity.
Five Star Bancorp (Nasdaq: FSBC) reported a net income of $13.2 million for Q1 2023, slightly below the $13.3 million in Q4 2022 but up from $9.9 million in Q1 2022. Key metrics included a return on average assets (ROAA) of 1.65% and return on average equity (ROAE) of 20.94%. The bank experienced a 4.97% increase in total deposits, amounting to $2.92 billion, and a 2.81% rise in loans held for investment to $2.87 billion. The net interest margin decreased to 3.75% from 3.83% in the previous quarter. The board declared an increased dividend of $0.20 per share. The adoption of ASC 326 resulted in a $4.5 million reduction in retained earnings due to higher credit loss allowances. The bank maintained its well-capitalized status with a CET1 capital ratio of 9.02%.
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.
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