Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 2

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 accounts185 165 596 542 Gain on sale of loans— 306 244 1,124 Loan-related fees683 406 1,599 1,205 FHLB stock dividends329 327 985 988 Earnings on BOLI209 162 590 462 Other560 15 1,121 466 Total non-interest income1,966 1,381 5,135 4,787 Non-interest expense:Salaries and employee benefits9,716 7,969 27,760 23,349 Occupancy and equipment700 626 1,994 1,898 Data processing and software1,559 1,327 4,524 3,719 FDIC insurance500 405 1,425 1,195 Professional services932 830 2,763 2,304 Advertising and promotional803 584 2,190 1,659 Loan-related expenses317 292 1,059 886 Other operating expenses2,053 1,743 5,636 4,995 Total non-interest expense16,580 13,776 47,351 40,005 Income before provision for income taxes22,234 15,241 60,724 45,354 Provision for income taxes5,890 4,300 16,761 13,000 Net income$16,344 $10,941 $43,963 $32,354 Basic earnings per common share$0.77 $0.52 $2.07 $1.63 Diluted earnings per common share$0.77 $0.52 $2.07 $1.63 

See accompanying notes to unaudited consolidated financial statements.

2

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

Three Months EndedSeptember 30,Nine Months EndedSeptember 30,(in thousands)2025 202420252024Net income$16,344 $10,941 $43,963 $32,354 Unrealized gain on securities:Net unrealized holding gain on securities available-for-sale during the period2,843 3,549 4,063 2,889 Less: Income tax expense related to items of other comprehensive income763