Five Star Bancorp reported a significant increase in financial performance for the first quarter of 2026, with net income rising to $18.6 million, up from $13.1 million in the same period last year. This translates to earnings per share of $0.87, compared to $0.62 in the prior year. The company's total assets reached $5.0 billion, reflecting a 5.82% increase from $4.8 billion at the end of 2025. Total loans held for investment also grew by 3.40% to $4.2 billion, driven by $389 million in loan originations, although this was partially offset by $250.5 million in payoffs and paydowns.
The bank's total deposits increased by $268.3 million, or 6.39%, to $4.5 billion, with non-interest-bearing deposits rising to $1.2 billion, representing 27.58% of total deposits. The loan-to-deposit ratio improved to 94.27% from 97.00% at the end of 2025. The net interest margin increased to 3.70%, up from 3.45% a year earlier, primarily due to higher interest income from loan growth and improved yields, despite a rise in interest expenses associated with deposit growth.
In terms of operational developments, Five Star Bancorp has maintained a strong credit quality profile, with non-accrual loans representing only 0.07% of total loans held for investment. The allowance for credit losses increased to $46.4 million, or 1.10% of total loans, compared to 1.09% at the end of 2025. The bank's efficiency ratio improved to 38.57%, down from 42.58% in the previous year, indicating better cost management relative to income.
Looking ahead, Five Star Bancorp remains focused on expanding its market presence in Northern California, where it operates nine branch offices. The company is committed to maintaining its strong capital position, with all capital ratios exceeding regulatory requirements. As of March 31, 2026, the total risk-based capital ratio stood at 13.17%, and the Tier 1 leverage ratio was 9.56%. The bank plans to continue its strategy of organic growth while managing liquidity and capital effectively to support future lending and operational needs.
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.
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