Five Star Bancorp Full Year 2023 Earnings: EPS Beats Expectations

Five Star Bancorp (NASDAQ:FSBC) Full Year 2023 Results

Key Financial Results

• Revenue: US$114.4m (up 11% from FY 2022).
• Net income: US$47.7m (up 6.5% from FY 2022).
• Profit margin: 42% (down from 43% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: US$2.78 (up from US$2.62 in FY 2022).

FSBC Banking Performance Indicators

• Non-performing loans: 0.01% (no change from 0.01% in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Five Star Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Five Star Bancorp you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.