Business Context and Reporting Period
This Form 8-K Current Report was filed by FIVE STAR BANCORP on April 21, 2022, with the earliest event reported on April 22, 2022. The registrant is incorporated in California and its common stock trades on The Nasdaq Stock Market LLC under the symbol FSBC. The company is classified as an emerging growth company.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding shareholder distributions.
- Dividend Declaration: $0.15 per share of common stock.
- Record Date: May 9, 2022.
- Payment Date: Expected May 16, 2022.
Material Changes
The material change reported is the Board of Directors' declaration of a quarterly cash dividend. No other material changes to financial position or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements regarding future events, business plans, and expected operating results. Management cautions that actual results may differ materially due to known and unknown risks and uncertainties. Specific risk factors are referenced in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. The company disclaims any duty to update these forward-looking statements except as required by law.
Investor Verification Checklist
- Verify the dividend payment date of May 16, 2022, and the record date of May 9, 2022.
- Confirm the dividend amount of $0.15 per share against the company's press release (Exhibit 99.1).
- Review the Form 10-K for the year ended December 31, 2021, for detailed risk factors affecting future performance.
- Note that this filing does not provide updated financial performance data; refer to the most recent 10-Q or 10-K for revenue and earnings metrics.