Five Star reports Q1 EPS 77c, consensus 69c

James E. Beckwith, President and Chief Executive Officer, commented on the financial results: "Disruption in the market historically leads to opportunities at Five Star Bank and recent events in the banking industry are no exception. In the first quarter of 2023, we experienced record deposit growth with the onboarding of new customers and the opening of new accounts. We attribute this growth to seizing opportunities, the strength of our brand, and our differentiated customer experience, which have earned us the trust of our customers, community, and employees. We will continue to expand our verticals to meet this demand in the markets we serve and will focus on disciplined business practices to endure any market condition."