Earnings Call Summary | Five Star Bancorp(FSBC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Five Star Bancorp(FSBC.US) Q1 2024 Earnings Conference
The following is a summary of the Five Star Bancorp (FSBC) Q1 2024 Earnings Call Transcript:
以下是五星銀行（FSBC）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Five Star Bancorp reported Q1 2024 net income of $10.6 million, with return on average assets at 1.22% and return on average equity at 14.84%.
The company has grown its loan portfolio by $22.4 million (0.73%) from prior quarter largely within the consumer concentration.
A decrease in deposits by $71.1 million or 2.35% reflects a strategy of relying less on wholesale deposits.
The company declared a dividend payout of $0.20 per share, payable on May 13, 2024.
五星銀行公佈的2024年第一季度淨收入爲1,060萬美元，平均資產回報率爲1.22％，平均股本回報率爲14.84％。
該公司的貸款組合較上一季度增加了2,240萬美元（0.73％），主要集中在消費者中。
存款減少7,110萬美元或2.35％，反映了減少對批發存款依賴的策略。
該公司宣佈派發每股0.20美元的股息，將於2024年5月13日支付。
Business Progress:
業務進展：
In Q1 of 2024, Five Star Bancorp saw continued growth while navigating external headwinds.
To support the company's expansion in the San Francisco Bay Area, five additional seasoned professionals were hired.
Allowance for credit losses stood at $34.7 million at the end of Q1, increased from a $0.9 million provision for credit losses.
Loans designated as substandard have decreased from the last quarter, signaling improved loan portfolio quality.
The company is focused on execution of its growth strategy, leaning towards organic growth and disciplined business practices.
在2024年第一季度，五星銀行在應對外部阻力的同時實現了持續增長。
爲了支持公司在舊金山灣區的擴張，又僱用了五名經驗豐富的專業人員。
截至第一季度末，信貸損失準備金爲3,470萬美元，高於90萬美元的信貸損失準備金。
與上個季度相比，被指定爲不合格貸款的貸款有所減少，這表明貸款組合質量有所改善。
該公司專注於執行其增長戰略，傾向於有機增長和嚴格的商業慣例。
More details: Five Star Bancorp IR
更多詳情： 五星 Bancorp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。