Five Star Bancorp Announces Second Quarter 2024 Results (1) See the section entitled "Non-GAAP Reconciliation (Unaudited)" for a reconciliation of this non-GAAP financial measure. The employee awards include a: • Sacramento Business Journal's Women Who Mean Business award • Sacramento Business Journal C-Suite award • National Association of Women Business Owners Outstanding Women Leader's Executive award • Independent Community Bankers of American 40 Under 40: Emerging Community Bank Leaders award The Compa ...

Core Viewpoint - Five Star Bancorp reported a net income of $10.8 million for Q2 2024, showing a slight increase from Q1 2024 but a decrease compared to Q2 2023, driven by loan growth and changes in interest income and expenses [1][10]. Financial Performance - Net income for Q2 2024 was $10.8 million, compared to $10.6 million in Q1 2024 and $12.7 million in Q2 2023 [1][10]. - Return on average assets (ROAA) was 1.23% for Q2 2024, slightly up from 1.22% in Q1 2024 but down from 1.55% in Q2 2023 [2][11]. - Return on average equity (ROAE) decreased to 11.72% in Q2 2024 from 14.84% in Q1 2024 and 19.29% in Q2 2023 [2][11]. - Pre-tax income increased to $15.2 million in Q2 2024 from $15.0 million in Q1 2024 but decreased from $17.2 million in Q2 2023 [2][11]. Loan and Deposit Growth - Total loans increased by $157.2 million, or 20.2% annualized, while total deposits rose by $193.9 million, or 26.2% annualized [2][4]. - Loans held for investment reached $3.27 billion, up 5.22% from Q1 2024 and 11.58% from Q2 2023 [19][10]. - Non-interest-bearing deposits were $825.7 million, showing a slight increase from Q1 2024 but a decrease from Q2 2023 [19][10]. Interest Income and Margin - Net interest income for Q2 2024 was $29.1 million, an increase of $2.3 million from Q1 2024 and $1.5 million from Q2 2023 [11][24]. - Net interest margin improved to 3.39% in Q2 2024 from 3.14% in Q1 2024 but decreased from 3.45% in Q2 2023 [11][24]. Capital and Dividends - The common equity Tier 1 capital ratio increased to 11.28% as of June 30, 2024, from 9.13% in Q1 2024, primarily due to the public offering [7][19]. - A cash dividend of $0.20 per share was declared for Q2 2024, consistent with the previous quarter [3][10]. Market Expansion - The company successfully executed a public offering, issuing 3,967,500 shares with net proceeds of approximately $80.9 million, supporting its growth strategy in the San Francisco Bay Area [4][7]. - The San Francisco Bay Area team increased to 19 employees, contributing $161.3 million in deposits since the expansion began in June 2023 [4][7]. Awards and Recognition - The company received multiple awards in the first half of 2024, including recognition for sustainability and performance among community banks [5][6].

Core Viewpoint - Five Star Bancorp has declared a cash dividend of $0.20 per share on its voting common stock, which will be paid on August 12, 2024, to shareholders of record as of August 5, 2024 [4]. Company Overview - Five Star Bancorp is a bank holding company headquartered in Rancho Cordova, California, operating through its wholly owned banking subsidiary, Five Star Bank, which has seven branches in Northern California [1].

"Five Star Bank is closing the gap in San Francisco commercial banking left from the Silicon Valley Bank and First Republic Bank failures," said Five Star Bank San Francisco Bay Area President, DJ Kurtze. "The Bay Area community has been seeking a Northern California bank that provides a highly personalized concierge banking experience – and Five Star has answered the call. Jeff was a Senior Managing Director at First Republic Bank for over 23 years and is extremely committed to the San Francisco Bay Area c ...

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company's beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number 001-40379 FIVE STAR BANCORP (Exact name of Registrant as specified in its charter) California 75-3100966 (S ...

First Quarter Highlights "In the first quarter of 2024, we announced the launch and pricing of an underwritten public of ering of 3,450,000 shares of our common stock with the intention of using the net proceeds for general corporate purposes, to support our continued growth, and for working capital. We are very pleased that the of ering, which closed on April 2, 2024, was successful, which is a testimony to the strength of our organization and our reputation for providing a dif erentiated approach to purpo ...

RANCHO CORDOVA, Calif., April 19, 2024 (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"), announced today the declaration of a cash dividend of $0.20 per share on the Company's voting common stock. The dividend is expected to be paid on May 13, 2024, to shareholders of record as of May 6, 2024. About Five Star Bancorp Five Star is a bank holding company headquartered in ...

RANCHO CORDOVA, Calif., April 16, 2024 (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"), expects to report its financial results for the quarter ended March 31, 2024, after the stock market closes on Monday, April 29, 2024. Management will host a live webcast for analysts and investors to review this information at 1:00 PM ET (10:00 AM PT) on April 30, 2024. The live we ...

RANCHO CORDOVA, Calif., April 16, 2024 (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”), expects to report its financial results for the quarter ended March 31, 2024, after the stock market closes on Monday, April 29, 2024. Management will host a live webcast for analysts and investors to review this information at 1:00 PM ET (10:00 AM PT) on April 30, 2024. The live w ...