Monitor credit quality closely; the NPL spike and increases in watch/special mention loans suggest elevated risk. The earnings beat is modest and the stock may trade range-bound until the NPL situation is resolved or further deterioration is ruled out. Listen for commentary on the $11.4M non-accrual loan and credit trends on the July 23 earnings call.
Price Chart
Executive Summary
Five Star Bancorp reported Q2 2026 EPS of $0.91, beating the $0.86 consensus by 5.8%, while revenue of $47.96M was slightly above the $47.7M estimate. Net income rose 33.7% YoY to $19.4M driven by strong loan growth, but nonperforming loans spiked to 0.30% of total loans from 0.07% in the prior quarter due to one $11.4M non-accrual loan. The CET1 ratio declined to 9.98% from 10.45%, and NIM contracted 7bp sequentially to 3.63%.
Key Financial Metrics
Key Facts
- EPS $0.91 vs consensus $0.86 (beat 5.8%)
- Revenue $47.96M vs consensus $47.7M (beat 0.5%)
- Net income $19.4M, up 33.7% YoY and 4.2% QoQ
- Loans held for investment +7.3% QoQ to $4.52B; deposits +7.4% to $4.80B
- NPL ratio jumped to 0.30% from 0.07% (one $11.4M non-accrual loan)
- CET1 ratio decreased to 9.98% from 10.45%
- Net interest margin 3.63%, down 7bp QoQ but up 10bp YoY
- Efficiency ratio 40.91% vs 38.57% in Q1 2026 and 41.03% in Q2 2025
Financial Impact
EPS beat of ~$0.05 per share (~$1.1M pre-tax) driven by loan growth, offset by $2.2M QoQ increase in non-interest expense and a $11.4M NPL addition
Risk Factors
- Further credit deterioration beyond the single non-accrual loan could pressure earnings and capital ratios
- Net interest margin contraction if deposit costs continue to rise or loan yields decline
- Rapid balance sheet growth may strain capital adequacy (CET1 approaching 10% threshold)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-049183 |
| Document: q22026investorpresentati.htm | 0001628280-26-049183 |
| Document: fsbc-20260722.htm | 0001628280-26-049183 |
| Document: 0001628280-26-049183-index-headers.html | 0001628280-26-049183 |
| Document: 0001628280-26-049183-index.html | 0001628280-26-049183 |
| Document: 0001628280-26-049183.txt | 0001628280-26-049183 |
| 8-K Data (Synthetic) | 0001628280-26-049183 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $45.59 | awaiting T+5 | — | $44.50 (−2.39%) |
Oct 26, 2026 1d ago | Press Release | $44.50 | awaiting T+5 | — | $44.50 (0.00%) |
Oct 19, 2026 8d ago | 8-K | $42.69 $44.50 | ▲ +4.24% | ▲ +4.38% | $44.50 (+4.24%) |
Oct 16, 2026 11d ago | Press Release | $42.69 $44.51 | ▲ +4.26% | ▲ +4.41% | $44.50 (+4.24%) |
Oct 14, 2026 13d ago | 8-K | $42.51 $43.09 | ▲ +1.36% | ▲ +0.91% | $44.50 (+4.68%) |
Oct 13, 2026 14d ago | Press Release | $42.51 | awaiting T+5 | — | $44.50 (+4.68%) |
Sep 17, 2026 5w ago | 8-K | $44.47 $43.83 | ▼ −1.44% | ▼ −2.71% | $44.50 (+0.07%) |
Sep 10, 2026 6w ago | 8-K | $46.41 $44.47 | ▼ −4.18% | ▼ −3.96% | $44.50 (−4.12%) |
Jul 24, 2026 13w ago | Insider Cluster | $47.21 $47.31 | ▲ +0.21% | ▼ −2.30% | $44.50 (−5.74%) |
Jul 22, 2026 13w ago | Press Release | $47.35 $47.24 | ▲ +0.23% | ▲ +0.71% | $44.50 (+6.02%) |
US Market Status
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