Five Star Bancorp (FSBC) Q3 2026 earnings summary

Executive summary

• Q3 2026 net income was $21.9M, versus $19.4M in Q2 and $16.3M in Q3 2025; diluted EPS was $0.92.

• Loans held for investment grew $184.5M QoQ to $4.70B; deposits totaled $4.82B and assets reached $5.56B.

• A July public offering generated $130.0M in net proceeds, supporting growth and lifting CET1 to 12.52% from 9.97% QoQ.

Financial highlights

• Net interest income was $50.9M, up 10.51% QoQ and 29.42% YoY; pretax income was $29.5M, up 13.19% QoQ and 32.81% YoY.

• Q3 basic and diluted EPS were $0.92, versus $0.77 a year earlier; 9M net income was $59.9M and EPS was $2.70.

• Non-interest income was $1.7M; non-interest expense was $20.6M, up 24.19% YoY, mainly reflecting staffing and expansion costs.

• Tangible book value per share was $25.15, versus $22.14 at June 30, 2026 and $20.19 at September 30, 2025.

Outlook and guidance

• Loan growth guidance was 10%–12% for Q4 2026 and 2027; management cited a strong pipeline, with some slowdown in real estate acquisition financing.

• NIM was expected to remain in a 3.65%–3.75% range; repricing and balance-sheet growth may partly offset higher funding costs.

• Q4 expenses may be ~$200,000 above the Q3 run rate; ongoing expense guidance was 145–150 bps of average assets.

• Management expected continued investment in personnel, technology and infrastructure, with efficiency expected to improve over time.