Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation SECOND QUARTER 2026
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer Forward-Looking Statements In this presentation, “we,” “our,” “us,” “Five Star,” or “the Company” refers to Five Star Bancorp, a California corporation, and our consolidated subsidiaries, including Five Star Bank, a California state-chartered bank, unless the con
Slide 3: Company Overview
Company Overview * kk FIVE STAR BANCORP
Slide 4: Company Overview
Company Overview Five Star is a community business NASDAQ bank that was founded to serve the FSBC commercial real estate industry. Today, the markets we serve have expanded to meet customer HEADQUARTERS demand and now include manufactured housing and storage, Rancho Cordova, CA faith-based, governme
Slide 5: Executive Team
Executive Team JAMES BECKWITH CLIFF COOPER JOHN DALTON DJ KURTZE MIKE LEE President Executive Vice President Senior Vice President Executive Vice President Senior Vice President Chief Executive Officer Food, Agribusiness and Diversified Industries President Chief Credit Officer San Francisco Bay Are
Slide 6: Recent Awards and Rankings
Recent Awards and Rankings Five Star Bank Awards and Rankings Bank Executive and Employee Awards SACRAMENTO BUSINESS JOURNAL S&P Global Market Intelligence 40 Under 40 2025 | TOP 3 BEST-PERFORMING COMMUNITY BANKS IN THE NATION Power 100 List C-Suite Award (Banks with $3B - $10B in Assets) Champions
Slide 7: Financial Highlights
Financial Highlights 7
Slide 8: Financial Highlights - June 30, 2026
Financial Highlights - June 30, 2026 • Continued balance sheet growth with increases in loans held for investment of Growth $306.3 million and non-wholesale(1) deposits of $463.1 million since March 31, 2026. • Non-interest-bearing deposits comprised 24.47% of total deposits, as compared to 27.58% o
Slide 9: Financial Highlights
Financial Highlights (dollars in thousands, except per share data) For the three months ended 6/30/2026 3/31/2026 6/30/2025 Net income $ 19,399 $ 18,621 $ 14,508 Return on average assets ("ROAA") 1.49 % 1.55 % 1.37 % Profitability Return on average equity ("ROAE") 16.67 % 16.73 % 14.17 % Earnings pe
Slide 10: Consistent and Organic Asset Growth
Consistent and Organic Asset Growth $5,377 CAGR (1) 5 years 10 years $4,755 Total Assets 17.96% 21.58% $4,053 $3,593 $3,227 $2,557 $22 $1,954 $148 $1,480 $1,272 $973 $2,535 $840 $1,806 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q2 2026 (2) Total Assets Excluding PPP Loans PPP Loans Note: Doll
Slide 11: Earnings Track Record
Earnings Track Record $30.0M $1.20 $28.3M $27.7M $25.8M $26.1M $24.7M $25.0M $25.0M $1.00 $22.6M $23.0M $22.2M $20.3M $20.1M $0.91 Quarterly Earnings per Share $20.0M $0.87 $0.80 $18.4M $0.83 Earnings (in Millions) $0.77 $0.68 $15.0M $0.60 $0.62 $10.0M $0.40 $5.0M $0.20 $0.0M $0.00 Q1 2025 Q2 2025 Q
Slide 12: Operating Metrics
Operating Metrics Net Interest Margin Efficiency Ratio 43.19% 3.70% 3.66% 41.03% 40.62% 40.91% 3.63% 40.35% 40.13% 38.57% 3.55% 3.56% 3.42% 3.32% 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 12
Slide 13: Non-interest Income and Expense Comparison
Non-interest Income and Expense Comparison (dollars in thousands) For the three months ended 6/30/2026 3/31/2026 6/30/2025 Service charges on deposit accounts $ 122 $ 135 $ 196 Gain on sale of loans — — 119 Loan-related fees 679 1,265 468 Non-interest FHLB stock dividends 191 762 325 Income Earnings
Slide 14: Shareholder Returns
Shareholder Returns ROAA ROAE 1.50% 1.55% 1.49% 17.85% 1.44% 1.41% 1.44% 15.97% 16.73% 16.67% 14.74% 15.35% 1.23% 12.72% 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 2023 2024 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Cash Dividend Payout Ratio on Common Stock(1) Value per Share (book and tangible book
Slide 15: Loans and Credit Quality
Loans and Credit Quality 15
Slide 16: Consistent Loan Growth
Consistent Loan Growth $5,000 CAGR (1) 5 years $4,500 Total Loans 20.75% $4,520 $4,213 Total Loans Held for Investment (Millions) $4,000 $4,075 $3,500 $3,533 6.08% 6.07% 6.08% $3,000 $3,082 5.89% $2,791 $2,500 5.52% $2,000 $22 $1,912 $1,500 $1,000 4.82% 4.75% $500 4.70% 4.73% $0 2021 2022 2023 2024
Slide 17: Loan Portfolio Composition
Loan Portfolio Composition (1) Other, 0.54% Types of collateral securing Loan # of % of commercial real estate Balance Loans CRE ("CRE") loans ($000s) Consumer and other, 8.28% Manufactured home $ 1,081,062 495 30.05 % community RV Park 443,429 138 12.33 % Commercial unsecured, 0.91% Retail 327,576
Slide 18: CRE Collateral Values
CRE Collateral Values 59.87% 58.18% $1.9B 56.71% 55.52% 55.11% 53.37% 52.55% 50.36% 46.39% $1.1B $1.1B Loan Balance Collateral Value $814M $714M $716M Weighted Average LTV $619M $590M $531M $500M $443M $416M Total CRE Weighted $328M Average LTV $310M $286M $246M $207M $196M 48.61% (1) Manufactured R
Slide 19: Loan Portfolio Diversification
Loan Portfolio Diversification Our core business centers on commercial lending, with an emphasis on commercial real estate. We provide a comprehensive suite of loan products tailored to the needs of small and medium-sized businesses, professionals, and individuals — including commercial real estate,
Slide 20: Loan Rollforward
Loan Rollforward $640 $452 $353 $389 Originations & Advances $319 $259 Paydowns Payoffs $(105) $(119) $(134) $(145) $(183) $(66) $(239) $(65) $(89) $(119) $(68) $(94) Loans Held for Investment Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Beginning Balance $ 3,533 $ 3,622 $ 3,758 $ 3,887 $ 4,075 $
Slide 21: Loan Yield Composition
Loan Yield Composition Floating, $647M $619M 6.4% $589M Fixed, 7.38% 26.2% 6.78% 6.62% 6.56% 6.35% Floating or $444M Adjustable, 5.54% 73.8% $411M 5.04% $336M Adjustable, $290M 67.4% $3 billion, or 67.4%, of total loans held for investment as of June 30, 2026 are adjustable rate loans. $589 million
Slide 22: Asset Quality
Asset Quality Our primary objective is to maintain a high level of asset quality in our loan portfolio. Therefore, we: • Place emphasis on our commercial portfolio, where we reevaluate risk assessments as a result of reviewing commercial property operating statements and borrower financials • Monito
Slide 23: Allocation of Allowance for Credit Losses
Allocation of Allowance for Credit Losses (dollars in thousands) June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 % of % of % of % of % of % of Loans to % of Loans to % of Loans to % of Loans to % of Loans to Allowance for Credit Losses Amount Amount Amount Amount Amou
Slide 24: Risk Grade Migration
Risk Grade Migration Classified Loans (Loans Rated Substandard or Doubtful) (dollars in thousands) 2024 2025 Q1 2026 Q2 2026 Real estate: Commercial $ 2,587 $ 21,372 $ 21,653 $ 19,142 Commercial land and development — — — — Commercial construction — — — — Residential construction — — — — Residential
Slide 25: Deposit and Capital Overview
Deposit and Capital Overview 25
Slide 26: Strong Deposit Growth
Strong Deposit Growth $4.8B $4.5B $308M CAGR (1) 5 years $4.2B $454M $500M Total Deposits 17.92% $555M $349M $3.6B $344M $1,174M $3.0B $670M $2.8B $1,233M Money Market & Savings $467M $315M $1,085M Non-Interest-Bearing $343M Interest-Bearing Transaction $2.3B $320M $240M $104M Time Deposits $279M $9
Slide 27: Diversified Funding
Diversified Funding Liability Mix(1) Loan(2) to Deposit Ratio 100.7% 102.2% 99.4% 97.0% 94.3% 94.2% 85.1% Non-Interest- Bearing, 24.0% Money Market, Time Deposits, 54.4% 6.3% 2021 2022 2023 2024 2025 Q1 2026 Q2 2026 Interest-Bearing Transaction, 10.2% Non-Interest-Bearing Deposits to Total Deposits
Slide 28: Deposit Composition
Deposit Composition Total Deposits by Relationship Size Total Deposits by Market Vertical Local Agency Breakout Commercial Real Estate & Professional Construction, Service 15.20% Practice, 11.51% Local Relationships (1) Agency Other, (2) ≤ $5 million, Depositors, 9.59% 36.12% 28.31% (2) Government,
Slide 29: Capital Ratios
Capital Ratios Tier 1 Leverage Ratio Common Equity Tier 1 to RWA 10.05% 11.44% 11.02% 9.47% 9.70% 9.21% 10.58% 8.60% 8.73% 9.98% 8.99% 9.07% 2021 2022 2023 2024 2025 Q2 2026 2021 2022 2023 2024 2025 Q2 2026 Tier 1 Capital to RWA Total Capital to RWA 11.44% 11.02% 13.98% 13.99% 10.58% 13.33% 9.98% 12
Slide 30: We strive to become the top business bank in all markets we serve
We strive to become the top business bank in all markets we serve through exceptional service, deep connectivity, and customer empathy. We are dedicated to serving real estate, agricultural, faith-based, and small to medium-sized enterprises. We aim to consistently deliver value that meets or exceed
Slide 31: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) The Company uses financial information in its analysis of the Company's performance that is not in conformity with GAAP. The Company believes that these non- GAAP financial measures provide useful information to management and investors that is supplemen
Slide 32: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) (dollars in thousands) Year ended Three months ended Average loan yield, excluding PPP loans 12/31/21 12/31/22 12/31/23 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 3/31/26 6/30/26 Interest and fee income on loans $ 78,894 $ 111,795 $ 162,713 $ 193,341 $ 52