Five Star Bancorp, operating through its wholly owned banking subsidiary Five Star Bank, reported a net income of $13.1 million for the first quarter of 2025, a slight decrease from $13.3 million in the fourth quarter of 2024, but an increase from $10.6 million in the first quarter of 2024. The company witnessed a 1.46% increase in net interest income, which amounted to $33.977 million, compared to $33.489 million in the previous quarter. The provision for credit losses rose by 46.15% to $1.9 million from $1.3 million in the last quarter. Non-interest income decreased by 18.43% to $1.359 million from $1.666 million. Meanwhile, non-interest expenses increased by 3.84% to $15.045 million. During this quarter, Five Star Bancorp declared a cash dividend of $0.20 per share. The company was also ranked third among best-performing banks in the nation by S&P Global Market Intelligence for banks with assets between $3 billion and $10 billion. Looking ahead, Five Star Bancorp plans to expand its industry verticals and geographic presence to meet customer demand and continue its growth trajectory.
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