FSBC

MKT CAP:$864M

Five Star Bancorp

Market Cap

$864M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$40.50+$4.85 (+13.60%)

Apr 24, 2026

Company Details

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. The company accepts various deposits, suc...

CEO

James Eugene Beckwith

IPO Date

May 4, 2021

Website

www.fivestarbank.com

Key Metrics TTM

Revenue

$246M

+22.3% YoY

Net Income

$57M

EPS (Diluted)

$2.70

Free Cash Flow

$69M

Revenue / Share

$11.54

Gross Margin

57.2%

Operating Margin

32.6%

Net Margin

23.3%

FCF Margin

28.2%

P/S

3.5x

P/E

15.1x

Earnings Reports

Q4 2025

Apr 27, 2026

PENDING

FY 2025

Feb 27, 2026

$255M+20.4%EPS $2.90

Q3 2025

Nov 6, 2025

$66M+23.7%EPS $0.77

Q2 2025

Aug 7, 2025

$62M+23.3%EPS $0.68

Q1 2025

May 8, 2025

$58M+18.4%EPS $0.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$24M	$22M	$13M
Q1 22	$25M	$23M	$14M
Q2 22	$28M	$24M	$14M
Q3 22	$33M	$26M	$17M
Q4 22	$39M	$29M	$19M
Q1 23	$41M	$29M	$19M
Q2 23	$45M	$29M	$17M
Q3 23	$46M	$27M	$16M
Q4 23	$48M	$28M	$15M
Q1 24	$49M	$27M	$15M
Q2 24	$50M	$28M	$15M
Q3 24	$54M	$29M	$15M
Q4 24	$59M	$34M	$19M
Q1 25	$58M	$33M	$18M
Q2 25	$62M	$35M	$20M
Q3 25	$66M	$38M	$22M

Valuation

Quarter	P/S	P/E
Q4 21	9.8x	20.4x
Q1 22	9.4x	20.6x
Q2 22	8.8x	20.5x
Q3 22	7.9x	20.2x
Q4 22	7.0x	19.3x
Q1 23	6.1x	18.0x
Q2 23	5.5x	17.0x
Q3 23	5.0x	17.2x
Q4 23	4.8x	18.1x
Q1 24	4.6x	19.1x
Q2 24	4.5x	20.0x
Q3 24	4.3x	20.0x
Q4 24	4.1x	18.9x
Q1 25	3.9x	17.9x
Q2 25	3.7x	16.7x
Q3 25	3.5x	15.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$4M	$4M
Q1 22	$3M	$3M
Q2 22	$8M	$8M
Q3 22	$16M	$16M
Q4 22	$18M	$18M
Q1 23	$694.0K	$454.0K
Q2 23	$25M	$25M
Q3 23	$15M	$15M
Q4 23	-$2M	-$2M
Q1 24	$247.0K	$139.0K
Q2 24	$16M	$16M
Q3 24	$18M	$17M
Q4 24	$18M	$18M
Q1 25	$15M	$15M
Q2 25	$18M	$18M
Q3 25	$19M	$19M

Capital Expenditures

Quarter	CapEx
Q4 21	$342.0K
Q1 22	$224.0K
Q2 22	$87.0K
Q3 22	$95.0K
Q4 22	$75.0K
Q1 23	$240.0K
Q2 23	$95.0K
Q3 23	$135.0K
Q4 23	$183.0K
Q1 24	$108.0K
Q2 24	$204.0K
Q3 24	$210.0K
Q4 24	$106.0K
Q1 25	$100.0K
Q2 25	$244.0K
Q3 25	$215.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+4.1%	-14.2%
Q1 22	+20.3%	+13.3%
Q2 22	+31.7%	+30.5%
Q3 22	+46.5%	+78.9%
Q4 22	+61.6%	+76.3%
Q1 23	+67.3%	+104.1%
Q2 23	+64.3%	+107.7%
Q3 23	+40.6%	+86.3%
Q4 23	+23.8%	+64.5%
Q1 24	+18.5%	+48.8%
Q2 24	+11.0%	+24.9%
Q3 24	+16.5%	+26.9%
Q4 24	+23.5%	+21.5%
Q1 25	+18.4%	+16.5%
Q2 25	+23.3%	+19.2%
Q3 25	+23.7%	+14.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$192.0K	0.8%
Q1 22	$277.0K	1.1%
Q2 22	$302.0K	1.1%
Q3 22	$263.0K	0.8%
Q4 22	$158.0K	0.4%
Q1 23	$242.0K	0.6%
Q2 23	$236.0K	0.5%
Q3 23	$245.0K	0.5%
Q4 23	$239.0K	0.5%
Q1 24	$299.0K	0.6%
Q2 24	$294.0K	0.6%
Q3 24	$283.0K	0.5%
Q4 24	$280.0K	0.5%
Q1 25	$257.0K	0.4%
Q2 25	$367.0K	0.6%
Q3 25	$416.0K	0.6%

OpEx Breakdown

Quarter	G&A	S&M
Q4 21	$5M	$499.0K
Q1 22	$6M	$344.0K
Q2 22	$6M	$484.0K
Q3 22	$6M	$512.0K
Q4 22	$6M	$568.0K
Q1 23	$7M	$418.0K
Q2 23	$7M	$733.0K
Q3 23	$7M	$535.0K
Q4 23	$8M	$717.0K
Q1 24	$8M	$460.0K
Q2 24	$8M	$615.0K
Q3 24	$8M	$584.0K
Q4 24	$9M	$752.0K
Q1 25	$10M	$522.0K
Q2 25	$9M	$865.0K
Q3 25	$10M	$803.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$519M	$135M	$654M
Q2 22	$282M	$122M	$404M
Q3 22	$328M	$114M	$442M
Q4 22	$270M	$116M	$386M
Q1 23	$358M	$115M	$473M
Q2 23	$307M	$111M	$418M
Q3 23	$331M	$104M	$435M
Q4 23	$327M	$108M	$436M
Q1 24	$191M	$105M	$296M
Q2 24	$194M	$103M	$298M
Q3 24	$255M	$104M	$359M
Q4 24	$356M	$98M	$455M
Q1 25	$457M	$97M	$554M
Q2 25	$485M	$59M	$543M
Q3 25	$581M	$59M	$640M
Q4 25	$473M	$95M	$568M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	17M	+0.1%	+5.4%
Q1 22	17M	+0.1%	+5.5%
Q2 22	17M	-0.1%	+16.9%
Q3 22	17M	+0.1%	+0.3%
Q4 22	17M	+0.1%	+0.2%
Q1 23	17M	+0.1%	+0.2%
Q2 23	17M	-0.2%	+0.1%
Q3 23	17M	+0.2%	+0.2%
Q4 23	17M	-0.0%	+0.1%
Q1 24	17M	+0.5%	+0.5%
Q2 24	21M	+21.9%	+22.7%
Q3 24	21M	+0.8%	+23.5%
Q4 24	21M	+0.0%	+23.5%
Q1 25	21M	+0.1%	+23.0%
Q2 25	21M	+0.1%	+1.0%
Q3 25	21M	+0.1%	+0.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$146.7K	163
Q1 22	$151.9K	163
Q2 22	$169.1K	163
Q3 22	$201.3K	163
Q4 22	$217.1K	178
Q1 23	$232.7K	178
Q2 23	$254.4K	178
Q3 23	$259.2K	178
Q4 23	$265.8K	180
Q1 24	$272.6K	180
Q2 24	$279.3K	180
Q3 24	$298.6K	180
Q4 24	$288.2K	205
Q1 25	$283.5K	205
Q2 25	$302.3K	205
Q3 25	$324.4K	205

Revenue / Employee