Five Star Bancorp Prices $119.9M Common Stock Offering at $44/Share, a 7.1% Discount to Market
FSBC sits 67% above its 52-week low of $28.34 on elevated volume (11× avg).
Summary
Five Star Bancorp priced a 2.725-million-share common stock offering at $44.00 per share, a 7.1% discount to the current price, raising approximately $112.9 million to support growth. The deal is expected to close July 24, 2026.
Key Events · Financing and Capital Events · FSBC
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Offering Priced at $44.00/Share
2,725,000 shares (plus 408,750 overallotment option) priced at $44.00, a 7.1% discount to the current $47.35 market price. Gross proceeds of $119.9 million before discounts and expenses.
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Net Proceeds ~$112.9 Million
After underwriting discounts ($2.31/share) and estimated expenses, net proceeds are approximately $112.9 million. Underwriters purchase at $41.69 per share.
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Dilution of ~12.8% if Fully Exercised
Based on ~21.4 million shares outstanding, the offering (including overallotment) would increase shares by ~12.8%, diluting existing holders.
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Closing Expected July 24, 2026
The offering is expected to close on or about July 24, 2026, subject to customary conditions.
Analysis · FSBC · Finance
Five Star Bancorp is selling 2.725 million shares at $44.00 each — a 7.1% discount to the current $47.35 price — raising roughly $112.9 million after fees. The offering comes just one day after the bank reported strong Q2 earnings, suggesting management is capitalizing on a favorable stock price to fund growth. Existing shareholders will be diluted by about 12.8% if the overallotment is fully exercised, but the capital injection strengthens the balance sheet and supports continued loan growth.
At the time of this filing, FSBC was trading at $47.35 on NASDAQ in the Finance sector, with a market capitalization of approximately $1B. The 52-week trading range was $28.34 to $50.26. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.