Five Star reports Q2 EPS 68c, consensus 63c

Reports Q2 net interest margin 3.53%, up 14 basis points compared to the same quarter of the prior year. Tangible book value per share was $19.51 from $19.06 at previous quarter end. CEO James Beckwith commented: “We are very pleased to report an exceptional quarter where the continuation of our organic growth strategy fueled new account openings and resulted in growth in loans and deposits. Total loans held for investment increased by $136.2M, or 3.76% – 15.04% when annualized -, and total deposits increased by $158.3M, or 4.24% – 16.94% when annualized -…while our efficiency ratio decreased to 41.03% compared to 42.58% for the first quarter of 2025. Short-term borrowings remained at zero as of June 30, 2025 and December 31, 2024. This quarter, we declared another dividend to shareholders…We look forward to bringing these services to the Walnut Creek market, where we expect to open an office in Q3 2025. Since our expansion in the San Francisco Bay Area began in June 2023, the team has grown to 34 employees with $456.9M in deposits as of June 30, 2025…”