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The latest announcement is out from Five Star ( (FSBC) ).
Five Star Bancorp reported a steady increase in net income, reaching $10.9 million for Q3 2024, attributed to robust growth in both loans and deposits. The company expanded its footprint with a new full-service office in San Francisco, enhancing its presence in the Bay Area. Despite an increase in the cost of funds, it maintained a strong net interest margin and declared a quarterly cash dividend, reflecting its commitment to shareholder value. The bank also received accolades, including a top ranking among U.S. banks with assets under $5 billion.
Learn more about FSBC stock on TipRanks’ Stock Analysis page.
