Five Star Bancorp has priced its previously announced underwritten public offering of 2,725,000 shares of common stock at $44.00 per share. The company expects proceeds of approximately $113.6 million after underwriting discounts and commissions but before offering expenses. Underwriters have a 30-day option to purchase up to an additional 408,750 shares at the same price less discounts and commissions. Keefe, Bruyette & Woods, A Stifel Company, is acting as bookrunner, with Stephens Inc., D.A. Davidson & Co., Raymond James & Associates, Inc., and Brean Capital as co-managers. The offering is expected to close on or about July 24, 2026, and net proceeds will be used for general corporate purposes and to support growth.
Five Star BancorpPricing of a public offering dilutes existing shareholders.
Raymond James Financial Inc.