Five Star Bancorp · NASDAQ:FSBC
Five Star Bancorp — Q3 2026 Earnings Presentation
32 slides from Five Star Bancorp's earnings presentation, Oct 27, 2026
Slide 1: Third Quarter 2026 Investor Presentation
T H I R D Q U A R T E R 2 0 2 6 I N V E S T OR PR E S E N T AT I O N
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer Forward-Looking Statements In this presentation, “we,” “our,” “us,” “Five Star,” or “the Company” refers to Five Star Bancorp, a California corporation, and our consolidated subsidiaries, including Five Star Bank, a California state-chartered bank, unless the con
Slide 3: Company Overview
FIVE STAR BANCORP COMPANY OVERVIEW
Slide 4: Company Overview
Company Overview NASDAQ FSBC HEADQUARTERS Rancho Cordova, CA TOTAL ASSET SIZE $5.6 billion LOANS HELD FOR INVESTMENT $4.7 billion DEPOSITS $4.8 billion BANK BRANCHES 10 Note: Highlighted counties represent those in which the Company operates at least one physical location, such as a bank branch or n
Slide 5: Executive Team
Executive Team JAMES BECKWITH President Chief Executive Officer Five Star since 2003 JOHN DALTON Senior Vice President Chief Credit Officer Five Star since 2011 MIKE LEE Senior Vice President Chief Regulatory Officer Five Star since 2005 MICHAEL RIZZO Executive Vice President Chief Banking Officer F
Slide 6: Recent Awards and Rankings
Recent Awards and Rankings Five Star Bank Awards and Rankings S&P Global Market Intelligence 2025 | TOP 3 BEST-PERFORMING COMMUNITY BANKS IN THE NATION (Banks with $3B - $10B in Assets) 2025 | RAYMOND JAMES COMMUNITY BANKERS CUP (Ranked in Top 10% of Community Banks in the Nation) Bank Director Maga
Slide 7: Financial Highlights
FIVE STAR BANCORP FINANCIAL HIGHLIGHTS
Slide 8: Growth, Funding, Liquidity and Capital Highlights
Growth • Continued balance sheet growth with increases in loans held for investment of $184.5 million and non-wholesale(1) deposits of $75.1 million since June 30, 2026. Funding • Non-interest-bearing deposits comprised 25.09% of total deposits, as compared to 24.47% of total deposits as of June 30,
Slide 9: Financial Highlights
Financial Highlights (dollars in thousands, except per share data) For the three months ended 9/30/2026 6/30/2026 9/30/2025 Profitability Net income $ 21,909 $ 19,399 $ 16,344 Return on average assets ("ROAA") 1.55 % 1.49 % 1.44 % Return on average equity ("ROAE") 15.04 % 16.67 % 15.35 % Earnings pe
Slide 10: Consistent and Organic Asset Growth
$840 $973 $1,272 $1,480 $1,954 $2,557 $3,227 $3,593 $4,053 $4,755 $5,560 $1,806 $2,535 $148 $22 Total Assets Excluding PPP Loans PPP Loans 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026 Consistent and Organic Asset Growth Note: Dollars are in millions. Balances are end of period. Referenc
Slide 11: Earnings Track Record
Earnings Track Record Ea rn in gs (i n M ill io ns ) Q uarterly Earnings per Share $20.3M $22.6M $24.7M $25.8M $27.7M $28.3M $32.0M $18.4M $20.1M $22.2M $23.0M $25.0M $26.1M $29.5M $0.62 $0.68 $0.77 $0.83 $0.87 $0.91 $0.92 Pre-tax, pre-provision income Pre-tax income Quarterly EPS (basic and diluted
Slide 12: Operating Metrics
Operating Metrics Efficiency RatioNet Interest Margin 3.42% 3.32% 3.55% 3.70% 3.63% 3.69% 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 40.35% 43.19% 41.03% 38.57% 40.91% 39.13% 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 12
Slide 13: Non-interest Income and Expense Comparison
Non-interest Income and Expense Comparison (dollars in thousands) For the three months ended 9/30/2026 6/30/2026 9/30/2025 Non-interest Income Service charges on deposit accounts $ 148 $ 122 $ 185 Loan-related fees 472 679 683 FHLB stock dividends 424 191 329 Earnings on bank-owned life insurance 27
Slide 14: Shareholder Returns
Shareholder Returns ROAA ROAE Value per Share (book and tangible book(2)) 1. Cash dividend payout ratio on common stock is calculated as dividends on common shares divided by basic earnings per common share. 2. A reconciliation of this non-GAAP measure is set forth in the appendix. 1.44% 1.23% 1.41%
Slide 15: Loans and Credit Quality
Loans and Credit Quality 15 LOA N S A N D CRE DI T QUA L I T Y
Slide 16: Consistent Loan Growth
To ta l L oa ns H el d fo r I nv es tm en t ( M ill io ns ) $1,912 $2,791 $3,082 $3,533 $4,075 $4,213 $4,520 $4,704 $22 4.82% 4.75% 5.52% 5.89% 6.08% 6.07% 6.08% 6.14% 4.70% 4.73% Non-PPP Loans PPP Loans Average Loan Yield Average Loan Yield Excluding PPP Loans 2021 2022 2023 2024 2025 Q1 2026 Q2 20
Slide 17: Loan Portfolio Composition
Commercial real estate, 78.19% Commercial construction, 2.60% Residential construction, 0.54% Residential, 0.88% Farmland, 1.21% Commercial secured, 6.66% Commercial unsecured, 0.83% Consumer and other, 9.04% Other, 0.05% Loan Portfolio Composition Types of collateral securing commercial real estate
Slide 18: CRE Collateral Values
$1.1B $451M $329M $323M $293M $257M $208M $188M $511M $2.0B $844M $720M $732M $624M $633M $412M $502M $1.1B 59.42% 57.53% 53.06% 52.96% 56.13% 49.07% 56.77% 47.12% 54.50% Loan Balance Collateral Value Weighted Average LTV Manufactured home community RV Park Retail Multifamily Office Industrial Mini
Slide 19: Loan Portfolio Diversification
CA, 58.8% TX, 6.5% FL, 2.9% NC, 2.8% OR, 2.4% AZ, 2.4% GA, 2.2%WA, 2.0%TN, 1.6%NV, 1.4% CO, 1.2% MO, 1.1% OH, 1.0% PA, 1.0% Other, 12.7% CML Term CRE NOO, 34.3% CML Term Multifamily, 30.4% CML Term CRE OO, 12.9% CSM Unsecured, 9.0% CML Secured, 3.4% CML Const CRE, 2.6% Ag Production, 1.7% CML Term A
Slide 20: Loan Rollforward
Loan Rollforward Note: Dollars are in millions. Beginning and ending balances are end of period, before allowance for credit losses, including deferred loan fees, and exclude loans held for sale. $259 $319 $353 $452 $389 $640 $538 $(105) $(119) $(134) $(145) $(183) $(239) $(211) $(66) $(65) $(89) $(
Slide 21: Loan Yield Composition
Loan Yield Composition Note: Dollars are in millions. Balances are net book value as of September 30, 2026, before allowance for credit losses and deferred loan fees. Weighted average rates are as of September 30, 2026 and based upon outstanding principal. Fixed, 26.7% Adjustable, 66.5% Floating, 6.
Slide 22: Asset Quality
1.20% 1.02% 1.12% 1.07% 1.09% 1.10% 1.05% 1.05% 0.04% 0.07% 0.11% 0.12% 0.08% 0.05% 0.10% 0.06% Allowance for Credit Losses to Loans HFI Net Charge-offs to Average Loans HFI 2021 2022 2023 2024 2025 Q1 2026 Q2 2026 Q3 2026 Asset Quality Nonperforming Loan Trend Allowance for Credit Losses and Annual
Slide 23: Allocation of Allowance for Credit Losses
Allocation of Allowance for Credit Losses (dollars in thousands) September 30, 2025 December 31, 2025 March 31, 2026 June 30, 2026 September 30, 2026 Allowance for Credit Losses Amount % of Total % of Loans to Total Loans Amount % of Total % of Loans to Total Loans Amount % of Total % of Loans to To
Slide 24: Risk Grade Migration
Risk Grade Migration Classified Loans (Loans Rated Substandard or Doubtful) (dollars in thousands) 2024 2025 Q1 2026 Q2 2026 Q3 2026 Real estate: Commercial $ 2,587 $ 21,372 $ 21,653 $ 19,142 $ 19,061 Commercial land and development — — — — — Commercial construction — — — — — Residential constructio
Slide 25: Deposit and Capital Overview
DEPOSI T A ND C A PI TA L OV ERV I EW
Slide 26: Strong Deposit Growth
$2.3B $2.8B $3.0B $3.6B $4.2B $4.5B $4.8B $4.8B $1,001M $1,228M $1,409M $1,650M $2,218M $2,433M $2,817M $2,941M$902M $971M $831M $923M $1,085M $1,233M $1,174M $1,210M $279M $240M $320M $315M $344M $349M $500M $416M $104M $343M $467M $670M $555M $454M $308M $258M 8,162 9,832 11,855 13,500 15,494 15,8
Slide 27: Diversified Funding
Diversified Funding Total Deposits(1) = $4.8 billion 97.6% of Total Liabilities Liability Mix(1) 1. Balances are as of September 30, 2026. 2. Loan balance in loan to deposit ratio is total loans held for investment and sale at period end. Loan(2) to Deposit Ratio Non-Interest-Bearing Deposits to Tot
Slide 28: Deposit Composition
Government, 25.15% Commercial Real Estate & Construction, 17.23% Professional Service Practice, 11.20% Other, 9.81% Small to Medium Sized Business, 8.71% Non-profit, 8.48% Healthcare & Practice, 6.92% Manufactured Home Community, 6.58% Food, Agribusiness, & Diversified Industries, 1.90% Venture Bank
Slide 29: Capital Ratios
Capital Ratios Tier 1 Leverage Ratio Tier 1 Capital to RWA Total Capital to RWA Common Equity Tier 1 to RWA Note: References to RWA are risk-weighted assets. 9.47% 8.60% 8.73% 10.05% 9.70% 11.21% 2021 2022 2023 2024 2025 Q3 2026 11.44% 8.99% 9.07% 11.02% 10.58% 12.52% 2021 2022 2023 2024 2025 Q3 202
Slide 30: Five Star Bank customer testimonials
“Five Star Bank customer, Visit Sacramento, ensures our region is a leading destination for meetings, conventions, travel trade and leisure, which support the vitality of our regional economy by driving almost $200 million in visitor spending annually. Their vision is for every person in the world t
Slide 31: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) The Company uses financial information in its analysis of the Company's performance that is not in conformity with GAAP. The Company believes that these non- GAAP financial measures provide useful information to management and investors that is supplemen
Slide 32: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) (dollars in millions) As of Total assets, excluding PPP loans 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 9/30/2026 Total assets $ 1,954 $ 2,557 $ 3,227 $ 3,593 $ 4,053 $ 4,755 $ 5,560 Less: PPP loans 148 22 — — — — — Total assets,