secwatch.observer — SEC 8-K summary
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Issuer:     FIVE STAR BANCORP (FSBC)
CIK:        0001275168
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001275168-24-000105
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 Q2 net income $10.8M, EPS $0.51; loan growth 20% annualized; NIM up to 3.39%
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- Net income $10.8M vs $10.6M Q1 and $12.7M YoY; diluted EPS $0.51 vs $0.62 Q1 and $0.74 YoY.
- Net interest margin expanded 25bp to 3.39% from 3.14% Q1; net interest income $29.1M up 8.78% QoQ.
- Loans held for investment grew $162.2M (5.22%) to $3.27B; total deposits up $193.9M (6.56%).
- Completed public offering of 3.97M shares at $21.75, net proceeds ~$80.9M; CET1 ratio 11.28% (vs 9.13% Q1).
- Declared Q2 cash dividend $0.20 per share, payable Aug 12, 2024; no short-term borrowings at quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275168/000127516824000105/0001275168-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275168/000127516824000105/fsbc-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001275168-24-000105

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