FSBC · Five Star Bancorp Q2 FY2026 earnings call record财报电话会记录

“Such statements involve risks and uncertainties, and future activities and results may differ materially from these expectations.”

“For a more complete discussion of the risks and uncertainties that may cause actual results to differ materially from the company's forward-looking statements, please see the company's annual report on Form 10-K for the year ended December 31st, 2025, and quarterly report on Form 10-Q for the three months ended March 31st, 2026, and in particular, the information set forth in Item 1A, Risk Factors in those reports.”

“As the offering has not yet settled, today we will present only financial results for the Q2 of 2026 and will not be conducting a Q&A session today.”

“Net interest margin of 3.63, a decrease of seven basis points from the prior quarter.”

“In Q2, we paid a cash dividend of $0.25 per share and declared an additional $0.25 cash dividend expected to be paid in August of 2026.”

“Largely driven by loan growth within the commercial real estate portfolio, which grew by $175.3 million and $124.5 million in purchased loans within our consumer section of the portfolio.”

“Ongoing uncertainty surrounding geopolitical tensions, energy market instability, and uncertainty around the pace and direction of the Federal Reserve monetary policy have contributed to a more volatile interest rate environment.”

“Net interest margin contracted by seven basis points quarter-over-quarter to 363, reflecting that strong quarter-over-quarter growth in net interest income was primarily volume driven, as rapid balance sheet expansion modestly diluted the overall yield in earning assets.”

“Non-interest income increased to $1.9 million in Q2 2026 from $1.6 million in Q1 2026, primarily driven by an improvement in earnings related to investments in venture-backed funds, partially offset by a decrease in fees from swap referrals and lower FHLB stock dividends.”

“The latter due to FHLB's transition to a tier-based dividend structure and a special cash dividend received in Q1 2026, which did not reoccur in the Q2.”

“Our ongoing investment in technology, operating discipline, conservative underwriting standards, and rigorous portfolio management remain central to our commitment to creating sustainable value for our customers, employees, communities, and shareholders.”

“We remain disciplined in our approach to growth and managing risk as we continue executing on our strategic priorities, which are deepening client relationships, expanding our footprint in key markets, and making targeted investments in technology and talent that support Five Star Bank's long-term performance.”