Company: FSBC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001275168-25-000106
Chunk: 2

Company: FIVE STAR BANCORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 Professional services913 707 Advertising and promotional522 460 Loan-related expenses319 297 Other operating expenses1,608 1,492 Total non-interest expense15,045 12,716 Income before provision for income taxes18,391 14,961 Provision for income taxes5,280 4,330 Net income$13,111 $10,631 Basic earnings per common share$0.62 $0.62 Diluted earnings per common share$0.62 $0.62 

See accompanying notes to unaudited consolidated financial statements.

2

FIVE STAR BANCORP AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

Three Months EndedMarch 31,(in thousands)2025 2024Net income$13,111 $10,631 Unrealized gain (loss) on securities:Net unrealized holding gain (loss) on securities available-for-sale during the period1,030 (955)Less: Income tax expense (benefit) related to items of other comprehensive income (loss)305 (282)Other comprehensive income (loss)725 (673)Total comprehensive income$13,836 $9,958 

See accompanying notes to the unaudited consolidated financial statements.

3

FIVE STAR BANCORP AND SUBSIDIARY

 CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

 For the Three Months Ended March 31, 2025 and 2024

(Unaudited)

Common StockRetained 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— — 10,631 — 10,631 Other comprehensive loss— — — (673)(673)Stock issued under stock award plans96,380 — — — — Stock compensation expense— 299 — — 299 Stock forfeitures(118)— — — — Cash dividends paid ($0.20 per share)— — (3,451)— (3,451)Balance at March 31, 202417,353,251 $220,804 $84,