A Business at a Glance
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Our Company Headquartered in the greater Sacramento metropolitan area of California, Five Star Bancorp is a bank holding company that operates through its wholly owned subsidiary, Five Star Bank, a California state-chartered non-member bank. The Bank began operations on December 20, 1999. Bancorp was incorporated on September 16, 2002 and became the sole shareholder of the Bank on June 2, 2003. Our executive offices are located at 3100 Zinfandel Drive, Suite 100, Rancho Cordova, California 95670 and our telephone number is (916) 626-5000. Our website address is https://www.fivestarbank.com. Information on our website should not be considered a part of this Annual Report on Form 10-K. The Company provides a broad range of banking products and services to small and medium-sized businesses, professionals, and individuals primarily in Northern California through nine branch offices. The Bank opened a full-service branch in Walnut Creek in September 2025.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 255M | 255M | 213M | 182M | 125M | 89M |
| Net Income | 62M | 62M | 46M | 48M | 45M | 42M |
| EPS | $2.90 | $2.90 | $2.26 | $2.78 | $2.61 | $2.83 |
| Free Cash Flow | 71M | 71M | 51M | 38M | 45M | 28M |
| ROIC | 1.3% | 14.6% | 11.5% | 16.7% | 17.7% | 18.1% |
| Gross Margin | 60.0% | 60.0% | 58.1% | 66.0% | 82.8% | 93.6% |
| Debt/Equity | 0.00 | 9.67 | 9.22 | 11.57 | 11.76 | 1.79 |
| Dividends/Share | $0.80 | $0.80 | $0.80 | $0.75 | $1.05 | $4.55 |
| Operating Income | 84M | 84M | 65M | 67M | 63M | 47M |
| Operating Margin | 32.8% | 32.8% | 30.3% | 36.6% | 50.3% | 53.1% |
| ROE | 13.8% | 14.6% | 11.5% | 16.7% | 17.7% | 18.1% |
| Shares Outstanding | 21M | 21M | 20M | 17M | 17M | 15M |
| Metric | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 84M | 89M | 125M | 182M | 213M | 255M | 255M |
| Gross Margin | 78.3% | 93.6% | 82.8% | 66.0% | 58.1% | 60.0% | 60.0% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 16M | 20M | 23M | 27M | 32M | 38M | 38M |
| EBIT | 37M | 47M | 63M | 67M | 65M | 84M | 84M |
| Op. Margin | 44.5% | 53.1% | 50.3% | 36.6% | 30.3% | 32.8% | 32.8% |
| Net Income | 36M | 42M | 45M | 48M | 46M | 62M | 62M |
| Net Margin | 42.9% | 47.8% | 35.8% | 26.2% | 21.4% | 24.1% | 24.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||
| ROIC | 26.9% | 18.1% | 17.7% | 16.7% | 11.5% | 14.6% | 1.3% |
| ROE | 26.9% | 18.1% | 17.7% | 16.7% | 11.5% | 14.6% | 13.8% |
| ROA | 1.8% | 1.7% | 1.4% | 1.3% | 1.1% | 1.4% | 1.3% |
| Cash Flow | |||||||
| Op. Cash Flow | 51M | 29M | 46M | 39M | 52M | 73M | 73M |
| Free Cash Flow | 51M | 28M | 45M | 38M | 51M | 71M | 71M |
| Owner Earnings | 51M | 27M | 43M | 36M | 49M | 69M | 69M |
| CapEx | 833K | 717K | 481K | 653K | 628K | 1.2M | 1.2M |
| Maint. CapEx | 461K | 607K | 1.6M | 1.6M | 1.9M | 2.2M | 2.2M |
| Growth CapEx | 372K | 110K | 0 | 0 | 0 | 0 | 0 |
| D&A | 461K | 607K | 1.6M | 1.6M | 1.9M | 2.2M | 2.2M |
| CapEx/OCF | N/A | 2.5% | 1.0% | 1.7% | 1.2% | 1.6% | 1.6% |
| Capital Allocation | |||||||
| Dividends Paid | 26M | 52M | 15M | 13M | 16M | 17M | 17M |
| Dividend Yield | N/A | 15.1% | 3.6% | 3.6% | 3.2% | 2.6% | 2.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 316K | 1.4M | 1.1M | 962K | 1.2M | 1.5M | 1.5M |
| Debt Repayment | 0 | 0 | 1.5M | 70M | 170M | 0 | 0 |
| Balance Sheet | |||||||
| Net Debt | N/A | -154M | N/A | N/A | N/A | N/A | -507M |
| Cash & Equiv. | 290M | 425M | 260M | 322M | 352M | 507M | 507M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 13.60 | 1.79 | 11.76 | 11.57 | 9.22 | 9.67 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | 0.9 |
| Equity | 134M | 235M | 253M | 286M | 397M | 446M | 446M |
| Total Assets | 2.0B | 2.6B | 3.2B | 3.6B | 4.1B | 4.8B | 4.8B |
| Total Liabilities | 1.8B | 2.3B | 3.0B | 3.3B | 3.7B | 4.3B | 4.3B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 22M | 17M | 47M | 77M | 106M | 151M | 151M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||
| EPS | 3.57 | 2.83 | 2.61 | 2.78 | 2.26 | 2.90 | 2.90 |
| Owner EPS | 5.04 | 1.77 | 2.52 | 2.12 | 2.41 | 3.24 | 3.24 |
| Book Value | 13.29 | 15.67 | 14.73 | 16.64 | 19.63 | 20.99 | 20.99 |
| Cash Flow/Share | 5.11 | 1.91 | 2.68 | 2.27 | 2.56 | 3.42 | 3.01 |
| Dividends/Share | 2.62 | 4.55 | 1.05 | 0.75 | 0.80 | 0.80 | 0.80 |
| Shares Out. | 10.1M | 15.0M | 17.2M | 17.2M | 20.2M | 21.2M | 21.2M |
| Valuation | |||||||
| P/E Ratio | N/A | 9.1 | 9.5 | 9.1 | 13.0 | 12.6 | 14.0 |
| P/FCF | N/A | 13.9 | 9.4 | 11.4 | 11.6 | 10.9 | 12.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 4.3 |
| Price/Book | N/A | 1.6 | 1.7 | 1.5 | 1.5 | 1.7 | 1.9 |
| Price/Sales | N/A | 4.1 | 3.9 | 3.0 | 4.1 | 4.1 | 3.4 |
| FCF Yield | N/A | 7.2% | 10.6% | 8.8% | 8.6% | 9.2% | 8.3% |
| Market Cap | N/A | 388M | 428M | 436M | 594M | 776M | 865M |
| Avg. Price | N/A | 22.98 | 25.04 | 21.01 | 25.42 | 30.47 | 40.74 |
| Year-End Price | N/A | 25.86 | 24.91 | 25.40 | 29.40 | 36.53 | 40.74 |
FIVE STAR BANCORP passes 3 of 9 quality checks, indicating weak fundamentals.
FIVE STAR BANCORP trades at 14.0x trailing earnings, compared to its 15-year median P/E of 9.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.2x vs a median of 11.4x. The company's 5-year average ROIC is 15.7% with a gross margin of 72.1%. Total shareholder yield (dividends) is 2.0%. At current prices, the estimated annualized return to fair value is -2.0%.
FIVE STAR BANCORP (FSBC) has a current P/E ratio of 14.0, compared to its historical median P/E of 9.5. The stock is currently considered Expensive based on its historical valuation range.
FIVE STAR BANCORP (FSBC) has a 5-year average return on invested capital (ROIC) of 15.7%. This indicates strong capital allocation and a potential competitive advantage.
FIVE STAR BANCORP (FSBC) has a market capitalization of $865M. It is classified as a small-cap stock.
Yes, FIVE STAR BANCORP (FSBC) pays a dividend with a trailing twelve-month yield of 1.97%.
Based on historical P/E analysis, FIVE STAR BANCORP (FSBC) appears expensive. The current P/E of 14.0 is 47% above its historical median of 9.5. The estimated fair value CAGR (P/E method) is -3.9%.
FIVE STAR BANCORP (FSBC) operates in the State Commercial Banks industry, within the Financials sector.
FIVE STAR BANCORP (FSBC) reported annual revenue of $255 million in its most recent fiscal year, based on SEC EDGAR filings.
FIVE STAR BANCORP (FSBC) has a net profit margin of 24.1%. This is a strong margin indicating high profitability.
FIVE STAR BANCORP (FSBC) generated $71 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FIVE STAR BANCORP (FSBC) has a debt-to-equity ratio of 9.67. This indicates higher leverage, which may increase financial risk.
FIVE STAR BANCORP (FSBC) reported earnings per share (EPS) of $2.90 in its most recent fiscal year.
FIVE STAR BANCORP (FSBC) has a return on equity (ROE) of 14.6%. This indicates moderate shareholder returns.
FIVE STAR BANCORP (FSBC) has a 5-year average gross margin of 72.1%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 6 years of financial data for FIVE STAR BANCORP (FSBC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FIVE STAR BANCORP (FSBC) has a book value per share of $20.99, based on its most recent annual SEC filing.