Business
Five Star Bancorp Announces First Quarter 2026 Results
RANCHO CORDOVA, Calif., April 27, 2026 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates
About this update from Five Star Bancorp
RANCHO CORDOVA, Calif., April 27, 2026 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), today reported net income of $18.6 million for the three months ended March 31, 2026, as compared to $17.6 million for the three months ended December 31, 2025 and $13.1 million for the three months ended March 31, 2025. First Quarter Highlights Performance and operating highlights for the Company for the periods noted below included the following: Three months ended(in thousands, except per share and share data)March 31,2026 December 31,2025 March 31,2025Return on average assets (“ROAA”) 1.55% 1.50% 1.30%Return on average equity (“ROAE”) 16.73% 15.97% 13.28%Pre-tax income$25,031 $23,008 $18,391 Pre-tax, pre-provision income(1)$27,706 $25,808 $20,291 Net income$18,621 $17,643 $13,111 Basic earnings per common share$0.87 $0.83 $0.62 Diluted earnings per common share$0.87 $0.83 $0.62 Weighted average basic common shares outstanding 21,253,085 21,231,563 21,209,881 Weighted average diluted common shares outstanding 21,313,078 21,289,056 21,253,588 Shares outstanding at end of period 21,376,153 21,367,387 21,329,235 (1) See the section entitled “Non-GAAP Reconciliation (Unaudited)” for a reconciliation of this non-GAAP financial measure. James E. Beckwith, President and Chief Executive Officer, commented: “The strength of Five Star Bank’s first quarter 2026 financial results is emblematic of seized market opportunities fueled by the continued demand for our differentiated customer experience. In the first quarter of 2026, we successfully executed on our strategic plan and declared a cash dividend of $0.25 per share to shareholders (an increase of $0.05 per share from dividends declared in each quarter of 2025). Earnings per share increased to $0.87 per share, up $0.04 from the fourth quarter of 2025 and $0.25 from the first quarter of 2025. Net income increased to $18.6 million, up from $17.6 million for the fourth quarter of 2025, while total cost of funds decreased 10 basis points to 2.20% during the first quarter of 2026, and net interest margin increased by four basis points to 3.70%. We are pleased that over the first quarter, total loans held for investment increased by $138.5 million, or 3% (14% when annualized) while total de...