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Five Star (FSBC)
NASDAQ:FSBC
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.57Last Year’s EPS
$0.63Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2024
|% Change Since: 0.34%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a solid performance by Five Star Bancorp in terms of deposit and loan growth, along with improved asset quality and industry recognition. However, there are concerns regarding reduced net interest margin, decreased noninterest income, increased expenses, and a slight reduction in the common equity Tier 1 ratio. The highlights and lowlights are relatively balanced.Company Guidance
During Five Star Bancorp's third-quarter earnings call for 2024, the company shared several key metrics highlighting its financial performance and strategic initiatives. The bank reported a net income of $10.9 million, with a return on average assets of 1.18% and a return on average equity of 11.31%. The net interest margin slightly decreased to 3.37% from 3.39% in the previous quarter, while average loan yield increased to 5.98%. Loans held for investment saw a growth of $194.3 million or 5.95%, largely due to a $129.4 million increase in the consumer loan portfolio. The company's asset quality remained robust, with nonperforming loans decreasing to 0.05% of loans held for investment. Additionally, Five Star Bancorp experienced a significant increase in deposits, which rose by $250.3 million or 7.95%, with non-wholesale deposits increasing by $92.9 million. The bank also maintained a strong capital position, with a common equity Tier 1 ratio of 10.93%. A cash dividend of $0.20 per share was declared, emphasizing Five Star Bancorp's commitment to delivering value to its shareholders.Strong Deposit Growth
Deposits increased by $250.3 million or 7.95% in the quarter, with noninterest-bearing deposits rising to 26.67% of total deposits.
Loan Portfolio Expansion
Loans held for investment increased by $194.3 million or 5.95%, with notable growth in consumer loans by $129.4 million.
Asset Quality Improvement
Nonperforming loans decreased to 0.05% of loans held for investment, down from 0.06% in the previous quarter.
Recognition and Awards
Five Star Bancorp was included in Piper Sandler, Sm-All Stars Class of 2024, and ranked #5 by Bank Director Magazine for banks with assets less than $5 billion.
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FSBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FSBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $30.29 | $29.90 | -1.29% |
| Jul 24, 2024 | $27.97 | $28.83 | +3.07% |
| Apr 29, 2024 | $21.10 | $21.12 | +0.09% |
| Jan 29, 2024 | $24.71 | $24.15 | -2.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Five Star (FSBC) report earnings?
Five Star (FSBC) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Five Star (FSBC) earnings time?
Five Star (FSBC) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FSBC EPS forecast?
FSBC EPS forecast for the fiscal quarter 2024 (Q4) is $0.57.
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