Five Star Bancorp Q3 net income $11M, down 13% QoQ; NIM 3.31% vs 3.45%

FIVE STAR BANCORP

2023-Q3 EPS reported $2.15

Net income $11.0M ($0.64 diluted EPS), down from $12.7M ($0.74) in Q2 2023 and $11.7M ($0.68) in Q3 2022.
Net interest margin compressed to 3.31% from 3.45% QoQ and 3.86% year ago.
Total deposits grew $102.5M (+3.5%) QoQ; non-brokered deposits up $137.5M.
Loans held for investment increased $82.5M (+2.82%) QoQ; nonperforming loans rose to 0.07% from 0.01%.
Board declared $0.20 per share dividend; efficiency ratio 41.63%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIVE STAR BANCORP reported the three months ended September 30, 2023 results: net income net income of $11.0 million, EPS $0.64.

Period: the three months ended September 30, 2023
Net income: net income of $11.0 million
EPS: $0.64
Result: reported results

Exact text from the filing

Five Star Bancorp (Nasdaq: FSBC) (the “Company” or “Five Star”), the holding company for Five Star Bank (the “Bank”), today reported net income of $11.0 million for the three months ended September 30, 2023

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Source: SEC EDGAR

accession 0001275168-23-000127

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