Five Star Bancorp Reports Financial Growth and Stability

Five Star Bancorp has reported its latest financial results, showcasing a stable growth in assets and equity. The total assets of the company have increased to $3,887,004,000 as of the latest quarter, compared to $3,634,217,000 in the previous quarter, and $3,505,040,000 in the same quarter last year. Non-interest-bearing deposits rose to $906,939,000 from $825,733,000, while interest-bearing deposits increased to $2,493,040,000.

The company's total deposits have grown to $3,399,979,000, up from $3,149,631,000 in the previous quarter. Shareholders’ equity also saw an increase, reaching $389,930,000 from $380,470,000. The capital ratios indicate a healthy financial state with a total shareholders' equity to total assets ratio of 10.03%.

Five Star Bancorp's average loans for investment and sale stood at $3,354,050,000, while average interest-earning assets were $3,586,572,000. The average total assets amounted to $3,678,537,000, with average deposits at $3,184,795,000.

The company maintains a robust capital position with a total capital to risk-weighted assets ratio of 13.94% and a Tier 1 capital to risk-weighted assets ratio of 10.93%. The Tier 1 leverage ratio is reported at 10.83%.

In terms of non-GAAP financial measures, Five Star Bancorp has provided a reconciliation of its pre-tax, pre-provision income, which increased to $17,991,000 from $17,152,000 in the previous quarter.

Five Star Bancorp continues to demonstrate financial stability and growth, reflecting its strategic focus and operational efficiency.