Company: FSBC
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050090
Chunk: 201

Company: FIVE STAR BANCORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 201
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39,348 $30,386 $109,840 $86,222 Provision for credit losses2,500 2,750 6,900 5,650 Non-interest income1,966 1,381 5,135 4,787 Non-interest expense16,580 13,776 47,351 40,005 Net income16,344 10,941 43,963 32,354 Per common share data:Earnings per common share:Basic$0.77 $0.52 $2.07 $1.63 Diluted$0.77 $0.52 $2.07 $1.63 Book value per share$20.19 $18.29 $20.19 $18.29 Tangible book value per share2$20.19 $18.29 $20.19 $18.29 Performance and other financial ratios:ROAA1.44 %1.18 %1.37 %1.21 %ROAE15.35 %11.31 %14.29 %12.43 %Net interest margin3.56 %3.37 %3.52 %3.30 %Cost of funds2.51 %2.72 %2.53 %2.64 %Efficiency ratio40.13 %43.37 %41.18 %43.96 %Cash dividend payout ratio on common stock325.97 %38.46 %28.99 %36.81 %

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1Tangible shareholders’ equity to tangible assets is considered a non-GAAP financial measure. See the section entitled “Non-GAAP Financial Measures” for a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measure. Tangible shareholders’ equity to tangible assets is defined as total equity less goodwill and other intangible assets, divided by total assets less goodwill and other intangible assets. The most directly comparable GAAP financial measure is total shareholders’ equity to total assets. We had no goodwill or other intangible assets at the end of any period indicated. As a result, tangible shareholders’ equity to tangible assets is the same as total shareholders’ equity to total assets at the end of each of the periods indicated.

2Tangible book value per share is considered a non-GAAP financial measure