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Five Star Bancorp slides after Q2 results, stock offering launch

BUZZ-Five Star Bancorp slides after Q2 results, stock offering launch

** Regional bank Five Star Bancorp's FSBC.O shares down 6% to $45.46 in extended trading as it seeks equity raise after Q2 report

** Rancho Cordova, California-based FSBC says net interest income rose by $2.6 mln qtr/qtr to $46.1 mln, primarily due to an increase in interest income driven by loan growth and higher interest-earning deposits in banks

** Net interest margin down slightly to 3.63% in the qtr from 3.70% last qtr

** FSBC launches stock offering for general purposes, to support growth, and for working capital

** KBW sole bookrunner

** FSBC has ~21.4 mln shares outstanding for about $1 bln market cap

** Stock closed down 1.9% at $48.37 on Weds, up 35% YTD


(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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