Five Star Bancorp
- Open
- 49.18
- Day high
- 49.70
- Day low
- 49.03
- Prev close
- 48.69
- Volume
- 27K
- Mkt cap
- $1.1B
- P/E (TTM)
- 15.7
- EPS (TTM)
- $3.16
- P/B
- 2.3
- P/S
- 4.0
- Yield
- 1.82%
- Per share
- $0.90
- ▼Insiders net selling -$478K over the last 3 months (0 open-market buys, 7 sales)
- 🏛Institutions accumulating (13F)
Five Star Bancorp (FSBC) is a Financial Services company listed on NASDAQ. The stock is up 65% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 7 sales (SEC Form 4).
Five Star Bancorp (FSBC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FSBC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.80 | $0.87 | +8.7% | $45M | +1.4% |
| Jan 26, 2026 | $0.77 | $0.83 | +7.8% | $43M | -2.2% |
| Jul 23, 2025 | $0.65 | $0.68 | +4.6% | $38M | -5.0% |
| Jan 27, 2025 | $0.59 | $0.63 | +6.8% | $35M | -0.4% |
| Jul 24, 2024 | $0.49 | $0.51 | +4.1% | $30M | -2.9% |
| Jan 29, 2024 | $0.59 | $0.63 | +6.8% | $28M | -2.1% |
| Jul 24, 2023 | $0.66 | $0.74 | +12.1% | $30M | +9.4% |
| Jan 30, 2023 | $0.71 | $0.77 | +8.5% | $30M | +1.6% |
| Jul 25, 2022 | $0.54 | $0.58 | +7.4% | $26M | +4.4% |
| Jan 31, 2022 | $0.54 | $0.66 | +22.2% | $23M | +4.3% |
| Jun 17, 2021 | — | $0.63 | — | $21M | — |
| Nov 13, 2019 | — | $0.00 | — | $8000 | — |
FSBC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | Wait Brett Leviofficer: SVP, Chief Information Officer | Sell | 1,640 | $42.27 |
| May 26, 2026 | Dalton John Williamofficer: SVP, Chief Credit Officer | Grant | 905 | — |
| May 26, 2026 | Rizzo Michael Anthonyofficer: EVP, Chief Banking Officer | Grant | 2,715 | — |
| May 26, 2026 | Ramirez-Medina Lydia Annofficer: EVP, Chief Operating Officer | Grant | 2,715 | — |
| May 26, 2026 | Luck Heather Christinaofficer: EVP, Chief Financial Officer | Grant | 2,715 | — |
| May 26, 2026 | Lee Michael Eugeneofficer: SVP, Chief Regulatory Officer | Sell | 867 | $41.23 |
| May 26, 2026 | Lee Michael Eugeneofficer: SVP, Chief Regulatory Officer | Grant | 905 | — |
| May 26, 2026 | Kurtze Don Justinofficer: EVP, SF Bay Area President | Grant | 2,715 | — |
| May 26, 2026 | Wetton Shelley Ronanofficer: SVP, Chief Marketing Officer | Grant | 905 | — |
| May 26, 2026 | Wait Brett Leviofficer: SVP, Chief Information Officer | Grant | 905 | — |
| May 22, 2026 | Beckwith James Eugenedirector, officer: President & CEO | Sell | 2,000 | $41.12 |
| May 22, 2026 | Beckwith James Eugenedirector, officer: President & CEO | Sell | 2,428 | $41.34 |
| May 15, 2026 | Wait Brett Leviofficer: SVP & CIO | Sell | 2,583 | $41.11 |
| May 8, 2026 | Lee Michael Eugeneofficer: SVP & Chief Regulatory Officer | Sell | 1,641 | $41.26 |
| May 7, 2026 | Ramirez-Medina Lydia Annofficer: EVP & Chief Operating Officer | Sell | 400 | $40.99 |
Source: FSBC SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full FSBC insider & 13F page →Five Star Bancorp company profile
Overview
Five Star Bancorp (NASDAQ:FSBC) is a regional bank holding company founded in 1999 and headquartered in Rancho Cordova, California. The company went public in May 2021 and operates through its subsidiary Five Star Bank, which provides commercial and retail banking services primarily in Northern California. The bank has established a strong presence in the Sacramento Capital Region and has been aggressively expanding into the San Francisco Bay Area market since 2023, adding seasoned banking professionals and opening a full-service office in San Francisco's Financial District.
Business
Five Star Bancorp operates in the regional banking industry, providing traditional commercial and retail banking services to small and medium-sized businesses, professionals, and individual consumers in Northern California. The company's core business revolves around the fundamental banking model of accepting deposits and making loans. The bank's deposit products include money market accounts, noninterest-bearing and interest-bearing checking accounts, savings accounts, and time deposits (certificates of deposit). These deposits form the primary funding source for the bank's lending operations. The company has built strong relationships with depositors, with accounts averaging approximately 9 years in age and deposit relationships over $5 million constituting about 61% of total deposits. On the lending side, Five Star Bank offers a diversified portfolio of loan products including commercial real estate loans (which represent approximately 81% of the loan portfolio), commercial and industrial loans, residential real estate loans, commercial land loans, farmland loans, construction loans, and consumer loans. The bank has developed particular expertise in manufactured housing community lending, which represents a significant portion of their commercial real estate portfolio. This niche focus on manufactured housing parks and RV parks has been a key differentiator, as these asset classes have historically shown resilience during economic downturns. The bank also provides ancillary banking services such as debit cards, remote deposit capture, online and mobile banking, and direct deposit services. Additionally, Five Star has strategically purchased consumer loans from Bankers Health Group (BHG), which now represent approximately 8% of their loan portfolio, helping to diversify their lending mix beyond commercial real estate.
Revenue model
Five Star Bancorp operates on the traditional banking business model of net interest income generation - the bank makes money primarily through the spread between the interest it pays on deposits and the interest it earns on loans and investments. The bank's customers are deposit holders who provide funding at relatively low rates, and borrowers who pay higher rates for loans. The bank's primary revenue streams include net interest income (the difference between loan yields and deposit costs), loan origination fees, service charges on deposit accounts, and other banking fees. Based on recent financial data, the bank maintains a net interest margin of approximately 3.4%, meaning it earns about 3.4% more on its assets than it pays on its funding sources. Several factors can significantly impact Five Star's profitability margins. Interest rate environment is the most critical factor - rising rates generally benefit banks as loan yields increase faster than deposit costs, while falling rates can compress margins. The bank's deposit mix is crucial, as non-interest bearing deposits (currently about 27% of total deposits) and relationship-based core deposits are much cheaper than wholesale or brokered deposits. Credit quality directly affects profitability through loan loss provisions - the bank currently maintains very low non-performing loans at 0.05% of total loans. Competition for deposits in the Northern California market can pressure funding costs, while the bank's specialized focus on manufactured housing communities provides some competitive advantage in loan pricing. The bank's operational efficiency, currently running at a 42% efficiency ratio, allows it to maintain strong profitability even in challenging rate environments. Geographic expansion into the San Francisco Bay Area represents both an opportunity for growth and a risk of increased operational costs.
Competitive moat
Five Star Bancorp's competitive moat is moderately strong but narrow, built primarily around specialized lending expertise and deep local market relationships rather than scale or technological advantages. The bank's strongest moat component is its specialized expertise in manufactured housing community lending. This niche requires specific underwriting knowledge, understanding of regulatory requirements, and relationships with property managers and operators. The manufactured housing sector has shown historical resilience during economic downturns, and Five Star's track record and reputation in this space creates barriers for competitors. However, this specialization also creates concentration risk. The bank's relationship-based deposit franchise provides some defensive characteristics, with average account relationships lasting approximately 9 years and large depositors ($5M+ accounts) representing 61% of deposits. These sticky relationships are valuable but not unique in community banking. The bank's focus on local agency deposits (23% of total deposits) provides some stability but is not a significant competitive advantage. Geographic limitations represent both a strength and weakness. Deep local market knowledge in Northern California provides advantages in credit underwriting and relationship building, but the bank faces intense competition from larger regional and national banks with superior technology platforms, broader product offerings, and greater resources for talent acquisition. The bank's recent expansion into San Francisco Bay Area is still unproven and faces significant competitive challenges from established players. While the addition of experienced bankers provides immediate market access, building sustainable competitive advantages in this highly competitive market will be difficult. Potential disruption comes from fintech companies offering higher deposit rates, digital-first banking experiences, and alternative lending platforms. Larger regional banks with superior technology and product breadth also pose ongoing competitive threats, particularly as Five Star seeks to grow beyond its traditional Sacramento market base.
Risks & safety
Five Star Bancorp presents a moderate to strong margin of safety with solid capital position but some liquidity considerations typical of regional banks. **Capital and Solvency:** - Common Equity Tier 1 ratio of 11.28% (well above regulatory minimums) - Total equity of $397 million against $4.1 billion in assets - Debt-to-equity ratio of 20%, indicating conservative leverage - No significant solvency risk in foreseeable future **Asset Quality:** - Non-performing loans at only 0.05% of total loans ($1.8 million) - Allowance for loan losses of $39.2 million (1.1% of loans) - Conservative underwriting with 50% average loan-to-value on commercial real estate - Strong credit metrics provide cushion against potential losses **Liquidity Considerations:** - Current ratio of 0.14 (typical for banks due to deposit structure) - $457 million in cash and short-term investments - Loan-to-deposit ratio under 100%, maintaining funding flexibility - Access to wholesale funding markets for additional liquidity **Valuation Metrics:** - Price-to-earnings ratio of 11.2x (reasonable for regional bank) - Price-to-book ratio of 1.45x (modest premium to book value) - Dividend yield supported by strong earnings **Other Considerations:** - Geographic concentration in California real estate markets - Dependence on commercial real estate lending (81% of portfolio) - Interest rate sensitivity as potential headwind
Recent development
Five Star Bancorp has undergone significant strategic transformation over the past few years, marked by aggressive geographic expansion and team building initiatives. The most notable development has been the bank's expansion into the San Francisco Bay Area market, which began in earnest in 2023. The bank opened a full-service office in San Francisco's Financial District in September 2024 and has added 18 seasoned banking professionals during 2024 alone, bringing the total business development team to 36 officers. The bank completed a successful public equity offering in Q2 2024, raising $80.9 million in net proceeds to support this expansion strategy. This capital raise increased the Common Equity Tier 1 ratio from 9.13% to 11.28%, providing substantial capacity for loan growth and market expansion. Loan portfolio diversification has been another key strategic initiative. The bank has strategically purchased consumer loans from Bankers Health Group (BHG), growing this segment from 1.2% to approximately 8% of the total loan portfolio. These high-quality consumer loans (mid-750 FICO scores) are purchased at attractive yields around 8.25%, helping to diversify away from the heavy concentration in commercial real estate lending. The bank has also focused on deposit franchise enhancement, working to replace wholesale deposits with core relationship deposits. Management has realigned business development incentives to prioritize deposit generation alongside loan growth, targeting an 8% annual growth rate in both deposits and loans. Operational improvements include maintaining industry-leading efficiency ratios around 42% while investing in talent and technology to support the Bay Area expansion. The bank has also strengthened its risk management framework, maintaining conservative underwriting standards with 50% average loan-to-value ratios on commercial real estate despite competitive market pressures.
FSBC company profile · for informational purposes only — not investment advice.
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