Five Star Bancorp Announces Third Quarter 2026 Results
Key Highlights
- ➤Net income $21.9 million, up 12.94% sequentially and 34.05% year over year
- ➤Net interest margin expanded six basis points sequentially to 3.69%
- ➤Loans held for investment increased $184.5 million, or 4.08%, to $4.70 billion
- ➤Public offering raised approximately $130.0 million net, lifting CET1 ratio to 12.52%
- ➤Board declared additional $0.25-per-share dividend payable November 9, 2026
Expert Statements
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“In the third quarter of 2026, Five Star raised approximately $130.0 million in net proceeds through an underwritten public offering of 3,133,750 shares of common stock, expanding our capacity for organic growth and strategic investment.”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“We also strengthened our California presence with the opening of a new branch in Lodi, a new Calabasas administrative office, and four key hires in Palo Alto, bringing our high-tech, high-touch relationship-based banking experience to more clients.”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“The third quarter of 2026 delivered steadfast results: net income rose to $21.9 million from $19.4 million in the second quarter of 2026, and net interest income increased $4.8 million, or 11%, to $50.9 million compared to the same period.”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“Net interest margin improved six basis points to 3.69%, the efficiency ratio improved to 39.13% from 40.91% in the second quarter of 2026, and basic earnings per share reached $0.92, up $0.01 from the second quarter of 2026 and $0.15 from the third quarter of 2025.”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“Total loans held for investment grew $184.5 million, or 4% (approximately 16% annualized), while non-wholesale deposits increased $75.1 million, or 2% (approximately 7% annualized) and wholesale deposits decreased $50.0 million, or 20% (approximately 80% annualized).”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“We also declared a $0.25 per share cash dividend, $0.05 more than those declared in 2025, reinforcing our commitment to shareholder value.”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“Five Star Bank’s success reflects the strength of our team and the value of authentic, relationship-based service.”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“Our technology, operating discipline, conservative underwriting, strong credit quality, and prudent portfolio management position us to create lasting value for customers, employees, communities, and shareholders.”
James E. Beckwith, President and Chief Executive Officer of Five Star Bancorp
“We thank our employees for keeping Five Star Bank a safe, trusted, and steadfast banking partner as we enter the fourth quarter of 2026.”
RANCHO CORDOVA, Calif., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), today reported net income of $21.9 million for the three months ended September 30, 2026, as compared to $19.4 million for the three months ended June 30, 2026 and $16.3 million for the three months ended September 30, 2025.
Performance and operating highlights for the Company for the periods noted below included the following:
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