FSBC earnings analysis
What we found in FSBC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Five Star Bancorp reported strong Q1 2026 results, with revenue of $45.10 million and EPS of $0.87, both beating consensus estimates. Significant deposit growth of $268.3 million and loan growth of $138.5 million were key drivers, although net interest margin improved to 3.70% from 3.45% in the prior year, reflecting strong credit performance and management’s efficient cost control measures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q1 2026 Revenue and EPS Beat Expectations
- Actual revenue was $45.10 million, beating the estimate of $44.45 million (1.45% beat), while EPS was $0.87 compared to an estimate of $0.79 (10.13% beat).
- Strong Loan and Deposit Growth
- Total loans increased by $138.5 million, or 3.40%, to $4.2 billion, driven by new loan originations of $389.0 million. Deposits surged by $268.3 million, or 6.39%, to $4.5 billion.
- Improved Net Interest Margin
- Net interest margin increased to 3.70% for Q1 2026, up from 3.45% in Q1 2025, attributed to higher interest income from loan growth.
- Growth in Non-Interest Income
- Non-interest income rose by 20.90% to $1.643 million from $1.359 million in the prior year, mainly driven by a substantial increase in loan-related fees (up 182.37%).
- Diverse Funding Sources
- Total liquidity at March 31, 2026, was approximately $2.2 billion, giving strong assurance for future operational and strategic ventures.
- Cash Dividend Increased
- The board declared a cash dividend of $0.25 per share, marking an increase of $0.05 from 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Provision for Credit Losses
- Provision for credit losses rose to $2.675 million in Q1 2026 from $1.900 million a year prior, reflecting higher loss rates.
- Higher Operating Expenses
- Total non-interest expense increased by 15.61% to $17.394 million, driven by rising salaries and benefits due to increased headcount.
- Dependence on Market Conditions
- Loan growth heavily relies on favorable economic conditions, particularly in Northern California, increasing susceptibility to local downturns.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.87
What they said about what is next.
Management stated it "expects the ongoing acceleration of our growth" but did not provide formal numeric guidance.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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