2023-07-25 01:52:45 ET
- Five Star Bancorp press release ( NASDAQ: FSBC ): Q2 GAAP EPS of $0.74 beats by $0.08 .
- Revenue of $30.4M (+14.8% Y/Y) beats by $0.72M .
- Cash and cash equivalents were $300.1 million, representing 10.24% of total deposits at June 30, 2023, compared to 11.91% as of March 31, 2023.
- The Company's common equity Tier 1 capital ratio was 9.07% and 9.02% as of June 30, 2023 and March 31, 2023, respectively.
- At June 30, 2023, the Company’s allowance for credit losses was $34.0 million, as compared to $28.4 million at December 31, 2022.
- The ratio of allowance for credit losses to loans held for investment was 1.16% at June 30, 2023, as compared to 1.02% at December 31, 2022.
- Provision for income taxes increased by $0.3 million, or 8.82%, to $4.4 million for the three months ended June 30, 2023, as compared to $4.1 million for the three months ended June 30, 2022.
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Five Star Bancorp GAAP EPS of $0.74 beats by $0.08, revenue of $30.4M beats by $0.72M