Five Star Bancorp Q4 net income $10.8M, down 18.7% YoY; full-year net income $47.7M, up 6.6%

FIVE STAR BANCORP

2023-FY EPS reported $2.78

Q4 2023 diluted EPS $0.63 vs $0.77 YoY; net income $10.8M vs $13.3M.
Net interest margin fell to 3.19% from 3.83% YoY; cost of funds rose to 2.50%.
Loans held for investment grew 10.4% YoY to $3.08B; deposits up 8.8% to $3.03B.
San Francisco Bay Area expansion: 10 employees generated $73.8M in deposits by year-end.
Board declared $0.20/share dividend payable Feb 12, 2024; efficiency ratio 44.25%.

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 0.9

FIVE STAR BANCORP reported the year ended December 31, 2023 results: net income $47.7 million, EPS $2.78 per diluted share.

Period: the year ended December 31, 2023
Net income: $47.7 million
EPS: $2.78 per diluted share
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2023 was $47.7 million, as compared to $44.8 million for the year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIVE STAR BANCORP reported the three months ended December 31, 2023 results: net income $10.8 million, EPS $0.63 per diluted share.

Period: the three months ended December 31, 2023
Net income: $10.8 million
EPS: $0.63 per diluted share
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, today reported net income of $10.8 million for the three months ended December 31, 2023

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FIVE STAR BANCORP filing history →

Source: SEC EDGAR

accession 0001275168-24-000013

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