4 unchanged sentences
The Company has paid cash dividends on its common stock in every quarter since January 2002, with the exception of the third and fourth quarters of 2009 and all quarters of 2010.
−Removed: Prior to our IPO, we were treated as an S Corporation for U.S.
−Removed: federal income tax purposes, and as such, we paid distributions to our existing shareholders to assist them in paying the U.S.
−Removed: federal income taxes on our taxable income that was “passed through” to them, as well as additional amounts for returns on capital.
−Removed: Following the completion of our IPO, our dividend policy and practice has changed, as we are now taxed as a C Corporation and, therefore, no longer pay distributions to provide our shareholders with funds to pay U.S.
−Removed: federal income tax on their pro rata portion of our taxable income.
It is currently the intention of the board of directors of the Company to continue payment of cash dividends on a quarterly basis.
There is no assurance, however, that any dividends will be paid since they are dependent on a number of factors, including general and economic conditions, industry standards, our financial condition and operating results, our available cash and current and anticipated cash needs, capital requirements, our ability to service debt obligations senior to our common stock, banking regulations, contractual, legal, tax, and regulatory restrictions, and limitations on the payment of dividends by us to our shareholders or by the Bank to us, and such other factors as our board of directors may deem relevant.
+Added: Further, while we expect to continue our current practice of paying quarterly cash dividends with respect to our common stock, this practice is subject to our board of directors’ discretion to modify or terminate it at any time and for any reason without prior notice.
As of December 31, 2025, there was $103.8 million available for payment of dividends by the Bank to the Company, under applicable laws and regulations.
15 unchanged sentences
Period Ending
−Removed: Index May 5, 2021 December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024
+Added: Index May 5, 2021 December 31, 2021 December 31, 2022 December 31, 2023 December 31, 2024 December 31, 2025
Five Star Bancorp 100.00 125.24 116.25 115.55 137.10 167.35
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.