secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIVE STAR BANCORP (FSBC)
CIK:        0001275168
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001275168-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275168/000127516824000013/0001275168-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275168/000127516824000013/fsbc-20240129.htm
  HTML page:      https://secwatch.observer/filing/0001275168-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer