Five Star Bancorp releases 10-Q report with -0.41% stock movement

By Hao Liu • Thursday, August 06 16:04 • Permanent Link

FIVE STAR BANCORP recently released its 10-Q report. Five Star Bancorp is the bank holding company for Five Star Bank, a California state-chartered bank that serves small and medium-sized businesses, professionals, and individuals, mainly in Northern California. Its business includes deposit products, lending, digital banking services, and an investment portfolio made up of U.S. government agency securities, mortgage-backed securities, and state and political subdivision obligations.

In Item 2, management said the discussion covers the consolidated company, but most material operations run through Five Star Bank. The company said its June 30, 2026 unaudited financial statements were prepared on a basis consistent with its 2025 annual report, with average balances generally based on daily averages. It also reiterated that its forward-looking statements are subject to a long list of risks, including California real estate exposure, interest-rate changes, economic conditions, regulatory changes, competition, credit risk, liquidity, cybersecurity, and climate-related events.

At June 30, 2026, Five Star Bancorp reported total assets of $5.4 billion, total loans held for investment of $4.5 billion, and total deposits of $4.8 billion. Net income was $19.4 million for the second quarter of 2026, up from $14.5 million a year earlier, and $38.0 million for the first six months of 2026, up from $27.6 million in the prior-year period.

Deposits rose $598.3 million, or 14.24%, from $4.2 billion at December 31, 2025 to $4.8 billion at June 30, 2026. Non-wholesale deposits increased $813.3 million in the first half of 2026 to $4.5 billion, while wholesale deposits fell $215.0 million to $250.0 million. Non-interest-bearing deposits increased $89.9 million to $1.2 billion, but their share of total deposits slipped to 24.47% from 25.82% at year-end 2025.

The company said its loan-to-deposit ratio was 94.17% at June 30, 2026. It also noted that it had nine branch offices at quarter-end, with a 10th branch scheduled to open in Lodi in July 2026. The market has reacted to these announcements by moving the company's shares -0.41% to a price of $46.539. For the full picture, make sure to review FIVE STAR BANCORP's 10-Q report.

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