Posted: 06/01/2025 07:20 am
Compensation trends at Five Star Bancorp (NASDAQ: FSBC) reveal a dynamic response to shifting corporate performance and strategic priorities. A closer examination of CEO James E. Beckwith's compensation from 2021 to 2024 illustrates this evolution. In 2024, Beckwith's total compensation was $1,547,837, marking a significant increase from $947,396 in 2023. This sharp rise is largely attributed to a $439,400 stock award and a substantial incentive plan compensation of $547,000 in 2024, reflecting Five Star's commitment to aligning executive incentives with performance-driven goals.^1 The absence of a bonus across these years, however, indicates a strategic focus on long-term incentives, as evidenced by notable stock awards.
In the broader landscape, FSBC reported a net income of $45.7 million for 2024, slightly down from $47.7 million in the previous year.^2 Despite this marginal decline, the bank's earnings forecasts continue to be exceeded, as indicated by its Q4 2024 earnings per share of $0.63, surpassing analyst expectations.^3 Nevertheless, the compensation package does not solely hinge on annual figures but rather integrates market positioning and future growth potential.
Recently, Five Star's stock is seeing a positive sentiment in the market, with its latest price at $27.96, nearing its 50-day average but below its 200-day average, signaling potential for upward momentum.^4 Industry discussions suggest that the company is poised for further activity in the options market, highlighting investor speculation on financial strategies and future performance.^5
The nuanced structure of executive compensation at Five Star Bancorp underscores the judiciously tailored incentives that support ongoing corporate goals and shareholder interests. This approach not only aims to reward past performance but also strategically positions the bank for future success amidst fluctuating market conditions.
1. Compensation Data, Five Star Bancorp. SEC filings for 2022-2025. [Source](https://www.sec.gov/Archives/edgar/data/1275168/000127516825000056/0001275168-25-000056-index.htm).
2. Five Star Bancorp Announces Quarterly and Annual Results, January 27, 2025. [Source](https://www.globenewswire.com/news-release/2025/01/27/1959837/0/en/Five-Star-Bancorp-FSBC-Announces-Quarterly-and-Annual-Results.html).
3. Five Star Bancorp Q4 Earnings and Revenues Surpass Estimates, January 27, 2025. [Source](https://www.zacks.com/stock/news/2404267/five-star-bancorp-fsbc-q4-earnings-and-revenues-surpass-estimates?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape%7Cyseop_template_4-2404267).
4. Current Stock Price Data, April 28, 2025. [Source](https://www.nasdaq.com/market-activity/stocks/fsbc).
5. Options Market Analysis for Five Star Bancorp, March 18, 2025. [Source](https://www.zacks.com/stock/news/2431522/is-the-options-market-predicting-a-spike-in-five-star-bancorp-fsbc-stock?cid=CS-STOCKNEWSAPI-FT-tale_of_the_tape%7Coptions-2431522).
