Liquidity management has shifted significantly, evidenced by a $4.2 billion divestment from the investment securities portfolio in 2026Q1 to bolster cash reserves to $598.2 million.
| Cash from Operations | 57.14M | 72.61M | 51.79M | 38.91M | 45.98M | 28.66M | 51.48M | 28.91M | -477K | 3.56M | 250K |
| Operating CF Growth % | -67.48% | 40.22% | 33.08% | -15.36% | 60.43% | -44.33% | 78.08% | 6159.75% | -113.39% | 1324.8% | - |
| Net Income | 67.12M | 61.61M | 45.67M | 47.73M | 44.8M | 42.44M | 35.93M | 29.3M | 211K | 854K | 513K |
| Depreciation & Amortization | -511K | 3.05M | 1.88M | 1.61M | 1.64M | 607K | 461K | 433K | 338K | -132K | -87K |
| Deferred Taxes | 722K | -578K | -243K | -897K | -1.94M | -4M | -143K | 0 | -166K | 116K | 116K |
| Other Non-Cash Items | 25.6M | 5.47M | 4.32M | -7.79M | -908K | -7.7M | 16.77M | 398K | 3.79M | 11.86M | -292K |
| Working Capital Changes | -304K | 1.61M | -992K | -2.71M | 1.29M | -3.28M | -1.86M | -1.96M | -4.79M | -9.27M | 25.81M |
| Cash from Investing | 3.7B | -544.11M | -446.74M | -279.28M | -836.92M | -455.01M | -372.63M | -230.37M | -37.47M | -18.59M | -7.51M |
| Purchase of Investments | -1.42M | 0 | -2.91M | -2.56M | -2.64M | -99.69M | -97.57M | -34.87M | -2M | -7.53M | -6K |
| Sale/Maturity of Investments | 8.13B | 3.77B | 9.5M | 12.71M | 17.15M | 65.83M | 62.52M | 29.2M | 3.5M | 11.29M | 4M |
| Net Investment Activity | 8.13B | 3.77B | 6.59M | 10.15M | 14.5M | -33.86M | -35.05M | -5.67M | 1.5M | 3.75M | 3.99M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -4.43B | -4.31B | -452.71M | -288.77M | -850.95M | -420.44M | -336.75M | -224.19M | -38.61M | -21.47M | -11.14M |
| Cash from Financing | 451.91M | 626M | 425.73M | 301.95M | 625.61M | 561.19M | 434.28M | 175.54M | 40.94M | 16.29M | 9.07M |
| Dividends Paid | -12.82M | -17.09M | -16.24M | -12.94M | -15.3M | -51.94M | -26.37M | -26.28M | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.29M | -10.4M | -6K |
| Stock Issued | 0 | 0 | 80.87M | 0 | 0 | 111.24M | 13.4M | 22.72M | 0 | 8.99M | 0 |
| Net Stock Activity | 0 | 0 | 80.87M | 0 | 0 | 111.24M | 13.4M | 22.72M | -6.29M | -1.41M | -6K |
| Debt Issuance (Net) | 0 | 0 | -1000K | 1000K | 1000K | 0 | -1000K | 1000K | 0 | 0 | 0 |
| Other Financing | 464.73M | 643.09M | 531.1M | 244.89M | 496.11M | 501.89M | 472.25M | 150.35M | 40.94M | 16.29M | 9.07M |
| Net Change in Cash | 54.28M | 154.51M | 30.77M | 61.59M | -165.34M | 134.84M | 113.13M | -25.93M | 2.99M | 1.26M | 1.81M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 0 | 352.34M | 321.58M | 259.99M | 425.33M | 290.49M | 177.37M | 203.29M | 3.3M | 9.14M | 5.59M |
| Cash at End | 0 | 506.85M | 352.34M | 321.58M | 259.99M | 425.33M | 290.49M | 177.37M | 6.29M | 10.4M | 7.41M |
| Interest Paid | 74.54M | 97.58M | 87.11M | 61.85M | 1.34M | 4.5M | 9.71M | 11.44M | 0 | 0 | 0 |
| Income Taxes Paid | 24.93M | 24.96M | 16.88M | 19.97M | 5.2M | 10.45M | 1.66M | 1.23M | 0 | 0 | 0 |
| Free Cash Flow | 56.04M | 71.42M | 51.16M | 38.26M | 45.49M | 27.94M | 50.64M | 28.4M | -839K | 2.69M | -111K |
| FCF Growth % | -15.59% | 39.6% | 33.71% | -15.9% | 62.83% | -44.83% | 78.34% | 3484.62% | -131.22% | 2520.72% | - |
CRE Concentration Vulnerability
According to recent financial disclosures, Five Star Bancorp consistently generated positive net income, reaching $18.6 million in 2026Q1, which provides a stable foundation for capital retention and supports the bank's ability to fund its specialized commercial lending activities without relying on external equity markets.
The bank's ability to maintain consistent profitability while funding loan growth internally suggests a high degree of capital efficiency. Investors should monitor whether this organic capital generation remains sufficient to support the bank's aggressive expansion in the Northern California corridor as regulatory capital requirements evolve.
Based on reported cash flow data, the bank executed significant divestments from its investment portfolio, including a $4.2 billion sale in 2026Q1, indicating a strategic shift toward liquidity preservation or rebalancing the balance sheet in response to shifting interest rate environments and regional economic conditions.
The scale of these divestments relative to the bank's size suggests an active management approach to the securities portfolio rather than a passive hold-to-maturity strategy. This activity may indicate management's attempt to optimize the balance sheet for higher-yielding loan opportunities or to mitigate duration risk in a volatile rate environment.
As reported in quarterly filings, Five Star Bancorp has maintained a steady dividend payout of $4.3 million per quarter throughout 2025, reflecting a disciplined approach to capital return that balances shareholder distributions with the need to retain earnings for ongoing commercial loan portfolio expansion.
The stability of these distributions suggests that management views the current earnings trajectory as sustainable despite the inherent risks of the Northern California commercial real estate market. Analysts should evaluate whether this payout ratio remains appropriate if the bank faces increased credit costs or a slowdown in loan origination volume.
Based on the provided financial statements, the bank recorded a significant $17.4 million provision for credit losses in 2026Q1, which represents a sharp departure from previous quarters and suggests management is proactively adjusting its reserve levels to account for potential deterioration in the commercial loan book.
This substantial increase in provisioning warrants close investigation, as it may imply an internal reassessment of credit quality within the bank's concentrated CRE portfolio. Investors should monitor whether this trend continues in subsequent quarters, as it could signal a shift in the bank's risk profile or a response to softening regional property values.
Quick answers to the most common questions about buying FSBC stock.
Five Star Bancorp (FSBC) generated $72.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Five Star Bancorp (FSBC) generated $71.4M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Five Star Bancorp (FSBC) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Five Star Bancorp (FSBC) returned $17.1M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.