Q2 2026 Five Star Bancorp Earnings Call Transcript
Key Points
- Net income increased to $19.4 million, up from $18.6 million in the previous quarter.
- Earnings per share rose to $0.91, an increase from both the previous quarter and the same quarter last year.
- Total loans held for investment grew by $306.3 million, or 29% on an annualized basis.
- Total deposits grew by $330 million, or 30% on an annualized basis, with a significant increase in non-wholesale deposits.
- Five Star Bank was named the number one best place to work by the San Francisco Business Times among businesses with 25 to 49 employees.
- Net interest margin contracted by 7 basis points quarter over quarter to 3.63%.
- The ratio of non-performing loans increased to 0.30% from 0.07% in the previous quarter.
- Interest expense increased by $2.4 million due to higher average deposit balances and costs.
- Non-interest expense increased by $2.2 million, driven by higher advertising, promotional expenses, and data processing costs.
- Provision for credit losses increased, reflecting loan growth and a specific non-accrual loan.
Welcome to the Five Star Bancorp second quarter 2026 earnings webcast. Please note, this is a closed conference call, and you are encouraged to listen via the webcast.
Before we get started, we would like to remind you that today's meeting will include some forward-looking statements within the meaning of applicable securities laws. These forward-looking statements relate to, among other things, current plans, expectations, events and industry trends that may affect the company's future operating results and financial position. Such statements involve risks and uncertainties, and future activities and results may differ materially from these expectations.
For a more complete discussion of the risks and uncertainties that may cause actual results to differ materially from the company's forward-looking statements, please see the company's annual report on Form 10-K for the year ended December 31, 2025, quarterly report on Form 10-Q for the three months ended March 31, 2026, and in particular, the information set forth in Item 1A, Risk Factors in those reports, which includes disclaimers
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