Five Star Bancorp reported significant financial growth in its latest quarterly filing, with net income reaching $19.4 million for the three months ended June 30, 2026, compared to $14.5 million for the same period in 2025. For the first half of 2026, net income totaled $38.0 million, up from $27.6 million in the prior year. The increase in profitability was driven by a 26.2% rise in net interest income, which amounted to $46.1 million for the second quarter, attributed to higher loan volumes and improved interest-earning deposits.

Total assets for the company increased by 13.1% to $5.4 billion as of June 30, 2026, up from $4.8 billion at the end of 2025. This growth was primarily fueled by a $444.8 million increase in loans held for investment, which reached $4.5 billion. The company reported $1.0 billion in loan originations during the period, although this was partially offset by $162.1 million in payoffs and $421.9 million in paydowns. The loan-to-deposit ratio stood at 94.17%, a decrease from 97.00% at the end of 2025, reflecting a strategic focus on deposit growth.

Five Star Bancorp also experienced a notable increase in total deposits, which rose by $598.3 million, or 14.2%, to $4.8 billion. Non-interest-bearing deposits accounted for 24.5% of total deposits, a slight decrease from 25.8% at the end of 2025. The company’s efficiency ratio improved to 40.91% for the second quarter, down from 41.03% in the same quarter of the previous year, indicating enhanced operational efficiency despite rising non-interest expenses, which increased by 24.7% to $19.6 million.

In terms of credit quality, the company reported a rise in non-accrual loans to $13.4 million, representing 0.30% of total loans held for investment, compared to $3.1 million, or 0.08%, at the end of 2025. This increase was largely due to one specific loan that was placed on non-accrual status. The allowance for credit losses was $47.3 million, or 1.05% of total loans, slightly down from 1.09% at the end of the previous year. Looking ahead, Five Star Bancorp remains optimistic about its growth trajectory, supported by its strong capital ratios and ongoing strategic initiatives, including the opening of a new branch in Lodi in July 2026.

About FIVE STAR BANCORP

Five Star Bancorp is a bank holding company operating through its subsidiary, Five Star Bank, a California state-chartered bank. It provides a broad range of banking services, primarily in Northern California, including commercial real estate, land development, construction, farmland, SBA, and consumer loans. The company focuses on serving small and medium-sized businesses, professionals, and individuals with a customer-centric, purpose-driven approach.

This description was generated via AI from an annual report. Updated about 1 year ago.

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