Five Star Bancorp (NASDAQ:FSBC) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$28.7m (down 1.7% from 2Q 2023).
- Net income: US$10.8m (down 15% from 2Q 2023).
- Profit margin: 38% (down from 44% in 2Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: US$0.51 (down from US$0.74 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Five Star Bancorp Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% 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
It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Five Star Bancorp, and understanding them should be part of your investment process.
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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.
About NasdaqGS:FSBC
Five Star Bancorp
Operates as the bank holding company for Five Star Bank that provides a range of banking products and services to small and medium-sized businesses, professionals, and individuals in Northern California.
Flawless balance sheet and fair value.
