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About Five Star Bancorp
Five Star Bancorp (symbol: FSBC) is a California-based state-chartered non-member bank that provides a comprehensive suite of banking products and services tailored to meet the needs of small and medium-sized businesses, professionals, and individuals. Founded in 1999 by a group of local entrepreneurs, the company has established itself as a cornerstone of economic development in its region, with a strong emphasis on reinvesting capital into local communities. With offices strategically located in Rocklin, Sacramento, Elk Grove, Rancho Cordova, Chico, and Redding, Five Star Bancorp is deeply embedded in the economic fabric of California’s capital region.
Core Business Model
At its core, Five Star Bancorp operates as a community-focused financial institution, offering a range of loan products, including commercial real estate loans, commercial loans, construction loans, and farmland loans. These offerings are complemented by a variety of deposit products, such as checking accounts, savings accounts, money market accounts, and term certificate accounts. The bank’s business model is built around personalized service, expedient decision-making, and regional expertise, enabling it to deliver tailored financial solutions that larger, more impersonal institutions may struggle to provide.
Market Position and Differentiation
Operating in a highly competitive financial services market, Five Star Bancorp differentiates itself through its localized approach and deep community ties. Unlike national banks that often rely on standardized processes, Five Star Bancorp leverages its regional knowledge to offer customized financial solutions. This approach not only fosters strong customer relationships but also positions the bank as a trusted partner for businesses and individuals seeking specialized banking services. Its focus on commercial real estate and small business banking further enhances its appeal to a niche market segment, making it a vital player in the economic development of the regions it serves.
Operational Focus
Five Star Bancorp’s operational strategy emphasizes agility and responsiveness, attributes that are critical in the dynamic financial services landscape. By maintaining a localized decision-making process, the bank ensures that its services remain aligned with the unique needs of its customers. This operational model is supported by a team of professionals with extensive regional expertise, enabling the bank to navigate the complexities of the California market effectively. Additionally, as a member of the FDIC and an Equal Housing Lender, Five Star Bancorp adheres to stringent regulatory standards, further solidifying its reputation as a trustworthy financial institution.
Community and Economic Impact
Five Star Bancorp is more than just a financial institution; it is a steward of community and economic development. The bank’s commitment to reinvesting capital into local economies underscores its role as a catalyst for growth and stability in the regions it serves. By focusing on the needs of small businesses and entrepreneurs, Five Star Bancorp contributes to job creation and economic vitality, reinforcing its position as a key player in California’s financial ecosystem.
Conclusion
In summary, Five Star Bancorp stands out as a community-oriented bank that combines personalized service with a robust suite of financial products. Its strategic focus on commercial real estate and small business banking, coupled with its localized decision-making and regional expertise, positions it as a unique and valuable player in the California financial services market. Whether serving businesses, professionals, or individuals, Five Star Bancorp remains committed to fostering economic growth and delivering exceptional banking experiences.
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.
Five Star Bancorp (Nasdaq: FSBC) announced it will release its financial results for Q2 2022 on July 25, 2022, after the market closes. A live webcast for analysts and investors is scheduled for July 26, 2022, at 1:00 PM ET, to discuss the results. The webcast will be available on the Company’s website, and a recording will be accessible for 90 days. Five Star Bancorp, headquartered in Rancho Cordova, operates through its wholly owned subsidiary, Five Star Bank, with seven branches and one loan production office in Northern California.
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