Five Star Bancorp (FSBC) investor relations material

Executive summary

• Net income for Q1 2026 was $18.6 million, up from $17.6 million in Q4 2025 and $13.1 million in Q1 2025, reflecting strong loan and deposit growth and improved profitability.

• Earnings per share rose to $0.87, up $0.04 from the prior quarter and $0.25 year-over-year; a cash dividend of $0.25 per share was declared.

• Total assets reached $5.0 billion, with loans held for investment at $4.2 billion and deposits at $4.5 billion.

• Strategic expansion into Southern California and new industry verticals contributed to growth.

• Recognized among top-performing community banks nationally, with multiple industry awards.

Financial highlights

• Net income was $18.6 million, up 6% from Q4 2025 and 42% year-over-year; EPS at $0.87.

• Net interest income increased to $43.5 million, a 3% rise from the prior quarter and 27.90% year-over-year.

• Net interest margin improved to 3.70%, up from 3.66% in Q4 2025 and 3.45% in Q1 2025.

• Efficiency ratio improved to 38.57% from 40.62% sequentially and 42.58% year-over-year.

• Non-interest income rose to $1.6 million, driven by swap referral fees and FHLB dividends.

Outlook and guidance

• Management expects 10%-12% growth on both sides of the balance sheet for the remainder of 2026.

• Net interest margin is expected to stabilize around 3.70-3.75%, with future growth driven by volume.

• Continued focus on reducing wholesale deposits and exiting brokered deposits by year-end.

• Plans for continued expansion into new markets and industry verticals, with ongoing investment in personnel and infrastructure.

• Quarterly dividends to be maintained, subject to board discretion and regulatory considerations.