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: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.