secwatch.observer — SEC 8-K summary
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Issuer:     FIVE STAR BANCORP (FSBC)
CIK:        0001275168
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001275168-23-000114
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Five Star Bancorp Q2 net income $12.7M ($0.74 EPS), down 3.3% QoQ, NIM compresses to 3.45%
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- Net income $12.7M, down 3.3% sequentially from $13.2M; diluted EPS $0.74 vs $0.77 prior quarter.
- Net interest margin fell to 3.45% from 3.75% in Q1, driven by higher deposit costs (cost of funds 2.04% vs 1.53%).
- Loans held for investment grew 2.01% sequentially to $2.93B; deposits increased 0.32% with non-brokered deposits up 0.89%.
- Non-interest income jumped to $2.8M from $1.4M, including $1.3M gain from venture-backed fund distributions.
- Board declared $0.20/share cash dividend (unchanged); nonperforming loans remained 0.01% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275168/000127516823000114/0001275168-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275168/000127516823000114/fsbc-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001275168-23-000114

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