Five Star Bancorp Reports Q1 2025 Results: Net Income Slightly Drops to $13.1M, EPS Decline Amid Rising Expenses

Reuters
2025/04/29
<a href="https://laohu8.com/S/FSBC">Five Star Bancorp</a> Reports Q1 2025 Results: Net Income Slightly Drops to $13.1M, EPS Decline Amid Rising Expenses

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Five Star Bancorp published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9440233-en) on April 28, 2025, and is solely responsible for the information contained therein.

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