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Earnings analysis · 10-Q

FSBC earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

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…

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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.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.87

What stood out

  • 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.

What to watch

  • 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.

Management's outlook

Management stated it "expects the ongoing acceleration of our growth" but did not provide formal numeric guidance.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.