Five Star Bancorp · NASDAQ:FSBC
Five Star Bancorp — Q3 2026 Earnings Presentation
32 slides from Five Star Bancorp's earnings presentation, 2026
Slide 1: Investor Presentation Third Quarter 2026
I N V E S T OR PR E S E N T AT I O N THIRD 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
FIVE STAR BANCORP COMPANY OVERVIEW
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 Rancho Cordova, CA manufactured housing and storage, 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 & Diversified Industries President Chief Credit Officer San Francisco Bay Area
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
FIVE STAR BANCORP FINANCIAL HIGHLIGHTS
Slide 8: Financial Highlights - September 30, 2026
Financial Highlights - September 30, 2026 • Continued balance sheet growth with increases in loans held for investment of Growth $184.5 million and non-wholesale(1) deposits of $75.1 million since June 30, 2026. • Non-interest-bearing deposits comprised 25.09% of total deposits, as compared to 24.47
Slide 9: Financial Highlights
Financial Highlights (dollars in thousands, except per share data) For the three months ended 9/30/2026 6/30/2026 9/30/2025 Net income $ 21,909 $ 19,399 $ 16,344 Return on average assets ("ROAA") 1.55 % 1.49 % 1.44 % Profitability Return on average equity ("ROAE") 15.04 % 16.67 % 15.35 % Earnings pe
Slide 10: Consistent and Organic Asset Growth
Consistent and Organic Asset Growth $5,560 CAGR (1) 5 years 10 years Total Assets 17.76% 21.38% $4,755 $4,053 $3,593 $3,227 $2,557 $22 $1,954 $148 $1,480 $1,272 $2,535 $973 $840 $1,806 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026 (2) Total Assets Excluding PPP Loans PPP Loans Note: Doll
Slide 11: Earnings Track Record
Earnings Track Record $35.0M $1.40 $32.0M $29.5M $30.0M $28.3M $1.20 $27.7M $25.8M $26.1M $24.7M $25.0M $25.0M $1.00 Quarterly Earnings per Share $22.6M $23.0M $22.2M Earnings (in Millions) $20.3M $20.1M $0.91 $0.92 $20.0M $0.87 $0.80 $18.4M $0.83 $0.77 $15.0M $0.68 $0.60 $0.62 $10.0M $0.40 $5.0M $0
Slide 12: Operating Metrics
Operating Metrics Net Interest Margin Efficiency Ratio 43.19% 3.70% 3.69% 41.03% 40.91% 3.63% 40.35% 38.57% 39.13% 3.55% 3.42% 3.32% 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 12
Slide 13: Non-interest Income and Expense Comparison
Non-interest Income and Expense Comparison (dollars in thousands) For the three months ended 9/30/2026 6/30/2026 9/30/2025 Service charges on deposit accounts $ 148 $ 122 $ 185 Loan-related fees 472 679 683 Non-interest FHLB stock dividends 424 191 329 Income Earnings on bank-owned life insurance 27
Slide 14: Shareholder Returns
Shareholder Returns ROAA ROAE 1.55% 1.49% 1.55% 17.85% 1.44% 1.41% 16.73% 16.67% 14.74% 15.04% 1.23% 12.72% 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 Cash Dividend Payout Ratio on Common Stock(1) Value per Share (book and tangible book(2)) 35.45% $25.15 $20.87 $21
Slide 15: Loans and Credit Quality
Loans and Credit Quality LOA N S A N D CRE DI T QUA L I T Y 15
Slide 16: Consistent Loan Growth
Consistent Loan Growth $5,000 CAGR (1) 5 years $4,500 $4,704 $4,520 Total Loans 20.57% $4,213 Total Loans Held for Investment (Millions) $4,000 $4,075 $3,500 6.14% $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 20
Slide 17: Loan Portfolio Composition
Loan Portfolio Composition (1) Other, 0.05% Types of collateral securing Loan # of % of commercial real estate Balance Loans CRE ("CRE") loans ($000s) Consumer and Manufactured home other, 9.04% $ 1,118,987 509 30.42 % community RV Park 451,113 140 12.26 % Commercial Retail 328,883 100 8.94 % unsecu
Slide 18: CRE Collateral Values
CRE Collateral Values 59.42% 57.53% $2.0B 56.77% 56.13% 54.50% 53.06% 52.96% 49.07% 47.12% $1.1B $1.1B Loan Balance Collateral Value $844M $720M $732M Weighted Average LTV $624M $633M $502M $511M $451M $412M Total CRE Weighted $329M $323M $293M $257M Average LTV $208M $188M 55.61% (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 $538 $452 $353 $389 $319 Originations & Advances $259 Paydowns Payoffs $(105) $(119) $(134) $(145) $(183) $(239) $(211) $(66) $(65) $(89) $(119) $(68) $(94) $(142) Loans Held for Investment Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Beginning Balance $ 3,533 $ 3,62
Slide 21: Loan Yield Composition
Loan Yield Composition Floating, $621M $633M 6.8% $596M Fixed, 7.40% 26.7% $540M 6.78% 6.59% 6.55% 6.55% Floating or 5.86% Adjustable, $416M 73.3% 5.06% $318M $323M Adjustable, 66.5% $3.1 billion, or 66.5%, of total loans held for investment as of September 30, 2026 are adjustable rate loans. $540 m
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) September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 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
Slide 24: Risk Grade Migration
Risk Grade Migration Classified Loans (Loans Rated Substandard or Doubtful) (dollars in thousands) 2024 2025 Q1 2026 Q2 2026 Q3 2026 Real estate: Commercial $ 2,587 $ 21,372 $ 21,653 $ 19,142 $ 19,061 Commercial land and development — — — — — Commercial construction — — — — — Residential constructio
Slide 25: Deposit and Capital Overview
DEPOSI T A ND C A PI TA L OV ERV I EW
Slide 26: Strong Deposit Growth
Strong Deposit Growth $4.8B $4.8B $308M $258M $4.5B CAGR (1) 5 years $4.2B $416M $454M $500M Total Deposits 17.03% $555M $349M $3.6B $344M $1,210M $1,174M $3.0B $670M $1,233M Money Market & Savings $2.8B $467M $315M $1,085M Non-Interest-Bearing $343M Interest-Bearing Transaction $2.3B $240M $320M $1
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% 97.5% 85.1% Non-Interest- Bearing, 24.5% Money Market, Time Deposits, 56.5% 5.2% 2021 2022 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 Interest-Bearing Transaction, 8.4% Non-Interest-Bearing Deposits to To
Slide 28: Deposit Composition
Deposit Composition Total Deposits by Relationship Size Total Deposits by Market Vertical Local Agency Breakout Professional Commercial Service Real Estate & Practice, Local Construction, 11.20% Agency 17.23% Other, (1) (2) 9.81% Depositors, Relationships 25.18% ≤ $5 million, 37.56% (2) Small to Med
Slide 29: Capital Ratios
Capital Ratios Tier 1 Leverage Ratio Common Equity Tier 1 to RWA 11.21% 12.52% 10.05% 9.70% 11.44% 11.02% 9.47% 10.58% 8.60% 8.73% 8.99% 9.07% 2021 2022 2023 2024 2025 Q3 2026 2021 2022 2023 2024 2025 Q3 2026 Tier 1 Capital to RWA Total Capital to RWA 12.52% 15.00% 11.44% 13.98% 13.99% 13.33% 11.02%
Slide 30: Top business bank mission and customer stories
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 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026 Interest and fee income on loans $ 78,894 $ 111,795 $ 162,713 $ 19