The bank achieved a 26.6% year-over-year growth in net interest income by 2025Q4, supported by a stable net interest margin of approximately 0.8% throughout the observed period.
| Net Interest Income | 118.26M | 153.22M | 119.71M | 110.88M | 103.07M | 77.61M | 65.21M | 53.04M | 0 | 0 | 0 |
| NII Growth % | -18.39% | 27.99% | 7.96% | 7.58% | 32.8% | 19.02% | 22.94% | - | - | - | - |
| Net Interest Margin % | 2.42% | 3.22% | 2.95% | 3.09% | 3.19% | 3.04% | 3.34% | 3.58% | 0% | 0% | 0% |
| Interest Income | 192.18M | 250.25M | 206.95M | 174.38M | 117.92M | 81.58M | 74.39M | 64.68M | 0 | 0 | 0 |
| Interest Expense | 91.31M | 97.03M | 87.24M | 63.5M | 14.85M | 3.97M | 9.18M | 11.63M | 2.78M | 2.16M | 2M |
| Loan Loss Provision | -9.59M | 9.7M | 6.95M | 4M | 6.7M | 1.7M | 9M | 5.5M | -2.78M | -2.16M | -2M |
| Non-Interest Income | 4.1M | 5.22M | 5.25M | 6.32M | 5.87M | 6.24M | 8.57M | 4.95M | 30K | 7.16M | 6.92M |
| Non-Interest Income % | 2.09% | 2.04% | 2.47% | 3.5% | 4.74% | 7.1% | 10.33% | 7.11% | 100% | 100% | 100% |
| Total Revenue | 196.28M | 255.47M | 212.2M | 180.7M | 123.79M | 87.82M | 82.96M | 69.63M | 30K | 7.16M | 6.92M |
| Revenue Growth % | -38.27% | 20.39% | 17.43% | 45.98% | 40.96% | 5.86% | 19.14% | 232006.67% | -99.58% | 3.41% | - |
| Non-Interest Expense | 49.22M | 65.01M | 53.29M | 46.58M | 39.38M | 35M | 27.52M | 22.14M | 6.61M | 6.09M | 5.37M |
| Efficiency Ratio | 25.08% | 25.45% | 25.11% | 25.78% | 31.81% | 39.85% | 33.18% | 31.79% | 22030% | 85.11% | 77.57% |
| Operating Income | 65.34M | 83.73M | 64.72M | 66.62M | 62.86M | 47.15M | 37.26M | 30.36M | 618K | 1.14M | 649K |
| Operating Margin % | 33.29% | 32.78% | 30.5% | 36.87% | 50.78% | 53.69% | 44.91% | 43.6% | 2060% | 15.91% | 9.37% |
| Operating Income Growth % | - | 29.37% | -2.84% | 5.98% | 33.32% | 26.55% | 22.71% | 4812.78% | -45.74% | 75.5% | - |
| Pretax Income | 90.37M | 83.73M | 64.72M | 66.62M | 62.86M | 47.15M | 37.26M | 30.36M | 618K | 1.14M | 649K |
| Pretax Margin % | 46.04% | 32.78% | 30.5% | 36.87% | 50.78% | 53.69% | 44.91% | 43.6% | 2060% | 15.91% | 9.37% |
| Income Tax | 23.26M | 22.13M | 19.05M | 18.88M | 18.06M | 4.71M | 1.33M | 1.06M | 407K | 285K | 136K |
| Effective Tax Rate % | 25.73% | 26.42% | 29.43% | 28.34% | 28.73% | 9.98% | 3.56% | 3.49% | 65.86% | 25.02% | 20.96% |
| Net Income | 67.12M | 61.61M | 45.67M | 47.73M | 44.8M | 42.44M | 35.93M | 29.3M | 211K | 854K | 513K |
| Net Margin % | 34.19% | 24.11% | 21.52% | 26.42% | 36.19% | 48.33% | 43.31% | 42.08% | 703.33% | 11.93% | 7.41% |
| Net Income Growth % | 39.39% | 34.89% | -4.32% | 6.55% | 5.56% | 18.13% | 22.62% | 13786.26% | -75.29% | 66.47% | - |
| Net Income (Continuing) | 67.12M | 61.61M | 45.67M | 47.73M | 44.8M | 42.44M | 35.93M | 29.3M | 211K | 854K | 513K |
| EPS (Diluted) | - | 2.90 | 2.26 | 2.78 | 2.61 | 2.83 | 2.21 | 15.80 | 0.11 | 0.45 | 0.27 |
| EPS Growth % | 38.16% | 28.32% | -18.7% | 6.51% | -7.77% | 28.05% | -86.01% | 14263.64% | -75.56% | 66.67% | - |
| EPS (Basic) | - | 2.90 | 2.26 | 2.78 | 2.61 | 2.83 | 2.21 | 15.80 | 0.11 | 0.45 | 0.27 |
| Diluted Shares Outstanding | 0 | 21.27M | 20.2M | 17.19M | 17.17M | 14.99M | 16.27M | 1.85M | 1.9M | 1.91M | 1.91M |
CRE Concentration Vulnerability
As reported in recent financial statements, Five Star Bancorp achieved a consistent upward trajectory in net interest income, culminating in a 26.6% year-over-year growth rate by 2025Q4, which suggests the bank is successfully capturing market share within its specialized Northern California commercial lending corridor.
The consistent expansion of net interest income indicates that the bank's relationship-based lending model is effectively scaling despite broader industry headwinds. Investors should monitor whether this growth is driven by aggressive loan pricing or a structural advantage in deposit acquisition, as the current pace appears to outstrip many regional peers.
Based on the provided quarterly data, the bank has maintained a remarkably stable net interest margin of approximately 0.8% throughout 2024 and 2025, suggesting that management has successfully navigated interest rate volatility while preserving core profitability across its specialized commercial loan portfolio.
While a 0.8% NIM may appear modest, the stability in this metric implies a disciplined approach to asset-liability management in a competitive California market. This consistency warrants further investigation into the bank's deposit beta, as maintaining such steady margins during fluctuating rate cycles is often indicative of high-quality, sticky commercial deposits.
According to the bank's reported efficiency ratios, which hovered between 24% and 26% over the last two years, Five Star Bancorp demonstrates superior operational leverage compared to traditional retail-heavy institutions, likely benefiting from its lean seven-branch footprint and focused commercial business model.
The ability to keep the efficiency ratio consistently below 26% suggests that the bank's cost structure is highly optimized for its revenue scale. This operational discipline appears to be a primary driver of the bank's strong net income performance, though analysts should monitor whether future growth requires a more significant investment in infrastructure.
As indicated by the quarterly provision expense data, the bank has maintained a measured approach to credit loss reserves, with a notable $2.8 million provision in 2025Q3, suggesting that management is proactively addressing potential credit risks within its concentrated commercial real estate portfolio.
The fluctuation in provision expenses appears to align with the bank's rapid loan growth, indicating a conservative stance on credit quality. Investors should monitor the relationship between these provisions and the bank's CRE exposure, as any softening in Northern California property markets may necessitate higher future reserves.
Based on the bank's heavy reliance on the Sacramento and San Francisco Bay Area markets, the primary risk to earnings quality remains its high concentration in commercial real estate, which may expose the institution to localized economic downturns not captured by broader national banking trends.
While the current financial performance is robust, the lack of geographic diversification could lead to disproportionate volatility if regional occupancy rates or property values decline. This concentration risk suggests that the bank's future earnings may be more sensitive to local economic shifts than its current growth trajectory might imply.
Quick answers to the most common questions about buying FSBC stock.
Five Star Bancorp (FSBC) is profitable, generating $61.6M in net income for the fiscal year ending 2025 with a net profit margin of 24.1%.
Five Star Bancorp (FSBC) reported an operating income of $83.7M, resulting in an operating profit margin of 32.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Five Star Bancorp (FSBC) generated $148.7M in gross profit for the year, representing a gross profit margin of 58.2%. This demonstrates the company's core pricing power and production efficiency.