earnings
confidence high
sentiment positive
materiality 0.75
Five Star Bancorp Q1 2023 net income $13.2M, EPS $0.77; dividend raised 33% to $0.20
FIVE STAR BANCORP
2023-Q1 EPS reported
$0.77
- Net income $13.2M ($0.77 diluted EPS) vs $9.9M ($0.58) a year ago; net interest margin 3.75%.
- Total deposits grew 4.97% to $2.92B; cash & equivalents $347.9M (11.91% of deposits).
- Dividend increased 33% to $0.20 per share, declared April 20, 2023.
- Adopted CECL on Jan 1, 2023; allowance for credit losses $34.2M (1.19% of loans).
- Nonperforming loans remain low at 0.01%; CET1 ratio 9.02%.