Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 4

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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Retained EarningsAccumulated Other Comprehensive LossTotal Shareholders’ Equity(in thousands, except per share amounts)Shares AmountBalance at December 31, 202317,256,989 $220,505 $77,036 $(11,767)$285,774 Net income— — 32,354 — 32,354 Other comprehensive income— — — 2,035 2,035 Common stock issued3,967,500 80,870 — — 80,870 Stock issued under stock award plans96,380 — — — — Stock compensation expense— 876 — — 876 Stock forfeitures(1,286)— — — — Cash dividends paid ($0.60 per share)— — (11,979)— (11,979)Balance at September 30, 202421,319,583 $302,251 $97,411 $(9,732)$389,930 Balance at December 31, 202421,319,083 $302,531 $106,464 $(12,371)$396,624 Net income— — 43,963 — 43,963 Other comprehensive income— — — 2,493 2,493 Stock issued under stock award plans49,303 — — — — Stock compensation expense— 1,040 — — 1,040 Stock forfeitures(999)— — — — Cash dividends paid ($0.60 per share)— — (12,812)— (12,812)Balance at September 30, 202521,367,387 $303,571 $137,615 $(9,878)$431,308 

See accompanying notes to unaudited consolidated financial statements.

5

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Nine Months Ended September 30,(in thousands)20252024Cash flows from operating activities:Net income$43,963 $32,354 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses6,900 5,650 Depreciation and amortization(50)1,407 Amortization of deferred loan fees and costs370 (