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 (FSBC) announced a net income of $11.3 million for Q4 2021, reflecting a 2.57% increase from the previous quarter and an 18.13% rise year-over-year. Annual net income reached $42.4 million, up from $35.9 million in 2020. Total loans grew 28.99% year-over-year, excluding PPP loans, while total deposits rose 28.13%. The company’s return on average assets (ROAA) was 1.86% for 2021, down from 1.95%. The bank also declared a cash dividend of $0.15 per share during the quarter.
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.
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