Five Star Bancorp reported significant financial growth in its latest quarterly filing, with net income reaching $14.5 million for the three months ended June 30, 2025, a 34% increase from $10.8 million in the same period last year. For the first half of 2025, net income totaled $27.6 million, compared to $21.4 million in the prior year, reflecting a 29% year-over-year increase. The company's total interest income rose to $60.6 million, up from $49.0 million, driven by a 15% increase in average loans and improved yields. Net interest income also saw a substantial rise, reaching $36.5 million for the quarter, a 25.5% increase from the previous year.
Total assets for Five Star Bancorp increased by $360.2 million, or 8.9%, to $4.4 billion as of June 30, 2025, compared to $4.1 billion at the end of 2024. This growth was primarily fueled by a $225.3 million increase in loans held for investment, which rose to $3.8 billion. The bank reported strong loan origination activity, totaling $578.8 million, although this was partially offset by $353.4 million in loan payoffs. The allowance for credit losses remained stable at 1.07% of total loans, indicating effective risk management amid the growth.
In terms of operational metrics, total deposits increased by $336.6 million, or 9.5%, to $3.9 billion, with non-interest-bearing deposits accounting for 25.8% of total deposits. The bank's loan-to-deposit ratio improved to 96.5% from 99.4% at the end of 2024, reflecting a balanced approach to funding and lending. The efficiency ratio also improved to 41.03% for the quarter, down from 44.07% a year earlier, indicating enhanced operational efficiency.
Looking ahead, Five Star Bancorp remains optimistic about its growth trajectory, supported by its strategic focus on small to medium-sized businesses and real estate lending in Northern California. The bank's management is committed to maintaining strong asset quality and liquidity, with total liquidity resources amounting to approximately $2.2 billion as of June 30, 2025. The company plans to continue its practice of paying quarterly dividends, having declared a cash dividend of $0.20 per share in April 2025. Overall, the bank's solid financial performance and strategic initiatives position it well for future growth in a competitive banking environment.
About FIVE STAR BANCORP
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