The strong EPS beat and margin expansion support the growth narrative, but the 11% share dilution from the equity offering tempers per-share growth. Monitor the October 27 webcast for guidance on loan growth trajectory and margin sustainability in a declining rate environment.
Price Chart
Executive Summary
Five Star Bancorp reported Q3 2026 diluted EPS of $0.92, beating the $0.85 consensus by 8.2%, and revenue of $50.9M net interest income (vs. $51.3M consensus). Net income rose 34% YoY to $21.9M, driven by 29% net interest income growth and margin expansion. The company completed a $130M equity offering during the quarter, increasing share count by 11% and boosting capital ratios.
Key Financial Metrics
Key Facts
- Diluted EPS of $0.92 vs. consensus $0.85 (beat by 8.2%)
- Net interest income $50.9M, up 10.5% QoQ and 29.4% YoY
- Net income $21.9M, up 12.9% QoQ and 34.0% YoY
- Net interest margin expanded 6 bps QoQ to 3.69%
- Completed $130M equity offering of 3.13M shares, increasing share count 11%
- CET1 ratio improved to 12.52% from 9.97%
- Loans held for investment grew 4.1% QoQ and 21.0% YoY
- Nonperforming loans to loans held for investment improved to 0.28% from 0.30% QoQ
- Efficiency ratio improved to 39.13% from 40.91% QoQ
- Declared $0.25 per share dividend, $0.05 higher than 2025 dividends
Financial Impact
EPS beat of $0.07 (8.2%) on consensus $0.85; net income up $5.6M YoY; $130M equity raise strengthens capital base
Risk Factors
- Share dilution of 11% from the equity offering may pressure future EPS growth
- Non-interest income declined 9.5% QoQ and 13.8% YoY, driven by lower loan referral fees and venture fund earnings
- Non-interest expense rose 24.2% YoY, outpacing revenue growth, driven by headcount expansion
- Unrealized losses on AFS securities increased to $12.4M from $9.4M QoQ
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3388632 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $45.59 | awaiting T+5 | — | $45.46 (−0.29%) |
Oct 26, 2026 1d ago | Press Release | $44.50 | awaiting T+5 | — | $45.46 (+2.16%) |
Oct 19, 2026 8d ago | 8-K | $42.69 $44.50 | ▲ +4.24% | ▲ +4.38% | $45.46 (+6.49%) |
Oct 16, 2026 11d ago | Press Release | $42.69 $44.51 | ▲ +4.26% | ▲ +4.41% | $45.46 (+6.49%) |
Oct 14, 2026 13d ago | 8-K | $42.51 $43.09 | ▲ +1.36% | ▲ +0.91% | $45.46 (+6.94%) |
Oct 13, 2026 14d ago | Press Release | $42.51 | awaiting T+5 | — | $45.46 (+6.94%) |
Sep 17, 2026 5w ago | 8-K | $44.47 $43.83 | ▼ −1.44% | ▼ −2.71% | $45.46 (+2.23%) |
Sep 10, 2026 6w ago | 8-K | $46.41 $44.47 | ▼ −4.18% | ▼ −3.96% | $45.46 (−2.05%) |
Jul 24, 2026 13w ago | Insider Cluster | $47.21 $47.31 | ▲ +0.21% | ▼ −2.30% | $45.46 (−3.71%) |
Jul 22, 2026 13w ago | Press Release | $47.35 $47.24 | ▲ +0.23% | ▲ +0.71% | $45.46 (+3.99%) |
US Market Status
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