FS Bancorp Earnings Reports

FS Bancorp, Inc. reported a net income of $8.0 million for the first quarter of 2025, a 9% increase from the previous quarter but a 4% decrease compared to the same quarter last year. Diluted earnings per share were $1.01. Total deposits increased by 11.8% to $2.62 billion, primarily driven by brokered deposits. Borrowings significantly decreased by 77.6%, repositioned into wholesale brokered CDs.

FS Bancorp reported a fourth-quarter net income of $7.4 million, or $0.92 per diluted share, compared to $9.8 million, or $1.23 per diluted share, for the comparable quarter one year ago. The decrease in net income was primarily due to a $420,000 tax benefit recorded during the preceding quarter, compared to a $2.5 million tax provision recorded for the fourth quarter of 2024. Despite economic volatility, the company surpassed $3 billion in total assets through organic loan growth and increased its quarterly cash dividend by $0.01 to $0.28 per common share.

FS Bancorp reported a net income of $10.3 million, or $1.29 per diluted share, for the third quarter of 2024, compared to $9.0 million, or $1.13 per diluted share, for the comparable quarter one year ago. The increase in net income was attributed to deposit growth and strategic planning.

FS Bancorp reported a net income of $9.0 million, or $1.13 per diluted share, for the second quarter of 2024. The company's board of directors also approved a new share repurchase plan and increased the quarterly cash dividend.

FS Bancorp reported a net income of $8.4 million, or $1.06 per diluted share, for the first quarter of 2024, compared to $8.2 million, or $1.04 per diluted share, for the comparable quarter one year ago. The company's tangible book value per share increased by $1.83, and the net interest margin stabilized.

FS Bancorp reported a Q4 net income of $9.8 million, or $1.23 per diluted share, compared to $7.6 million, or $0.97 per diluted share, for the comparable quarter one year ago. The Board of Directors approved a $0.01 increase in the quarterly dividend to $0.26 per share. Total deposits increased to $2.52 billion at December 31, 2023.

FS Bancorp reported a net income of $9.0 million, or $1.13 per diluted share, for the third quarter of 2023, compared to $8.5 million, or $1.08 per diluted share, for the same quarter last year. The company's board also approved a quarterly cash dividend of $0.25 per share.

FS Bancorp reported a net income of $9.1 million, or $1.16 per diluted share, for the second quarter of 2023, compared to $6.7 million, or $0.83 per diluted share, for the comparable quarter one year ago. The company remained focused on integrating acquired branches and approved its forty-second consecutive quarterly cash dividend.

FS Bancorp reported a net income of $8.2 million, or $1.04 per diluted share, for the first quarter of 2023, compared to $6.9 million, or $0.83 per diluted share, for the same quarter last year. The Bank completed the purchase of seven retail branches from Columbia State Bank, resulting in approximately $336.0 million in net cash.

FS Bancorp, Inc. reported a net income of $7.6 million, or $0.97 per diluted share, for the fourth quarter of 2022, compared to $8.6 million, or $1.03 per diluted share, for the comparable quarter one year ago. The company's net interest margin improved to 4.62%, and loans receivable increased to $2.19 billion.

FS Bancorp reported a net income of $8.5 million, or $1.08 per diluted share, for the third quarter of 2022, compared to $8.3 million, or $0.98 per diluted share, for the same quarter last year. Continued loan growth and net interest margin expansion contributed to the improved results.

FS Bancorp reported a net income of $6.7 million, or $0.83 per diluted share, for the second quarter of 2022. This compares to $8.5 million, or $0.98 per diluted share, for the same quarter last year. The net interest margin improved to 4.39% compared to 4.09% for the comparable quarter one year ago.

FS Bancorp reported a net income of $6.9 million, or $0.81 per diluted share for Q1 2022, compared to $11.9 million, or $1.35 per diluted share for the same quarter last year. The company reaffirmed commitment to shareholders by repurchasing 115,356 shares and early adopted the Current Expected Credit Loss standard.

FS Bancorp reported Q4 net income of $8.6 million, or $1.01 per diluted share, compared to $11.4 million, or $1.30 per diluted share in the comparable quarter one year ago. The fourth quarter results reflect strong loan growth funded by core deposits and continued diversified revenues supporting margins. The Board of Directors also approved the thirty-sixth consecutive quarterly cash dividend which is being increased to $0.20 from $0.15 per share.

FS Bancorp reported a net income of $8.3 million, or $0.97 per diluted share, for the third quarter of 2021. This compares to $12.7 million, or $1.47 per diluted share, for the same period last year. The board of directors approved a dividend increase to $0.15 per share.

FS Bancorp reported a net income of $8.5 million, or $0.97 per diluted share, for the second quarter of 2021. The company's performance reflects diversified lending growth funded by operational, relationship-based deposits.

FS Bancorp reported a strong first quarter in 2021, with net income reaching $11.9 million, or $2.70 per diluted share. The company saw growth in total gross loans and total deposits, along with an increase in the quarterly cash dividend to $0.27 per share. The Board of Directors also approved a renewed and increased share repurchase plan.

FS Bancorp corrected the amount of loans still in deferral status in its Q4 2020 earnings release. The corrected figures reflect adjustments to commercial real estate and commercial business loans under payment/relief agreements.

FS Bancorp reported a strong third quarter with net income of $12.7 million, or $2.94 per diluted share, driven by robust loan growth and strong profitability amidst the COVID-19 pandemic.

FS Bancorp reported a strong second quarter with net income of $10.0 million, or $2.30 per diluted share. The company surpassed $2 billion in assets. The board approved the thirtieth consecutive quarterly cash dividend of $0.21 per share.

FS Bancorp reported a net income of $5.2 million, or $1.14 per diluted share, for the first quarter of 2020. The company focused on supporting communities during the COVID-19 pandemic and maintained prudent capital management.

FS Bancorp, Inc. reported a net income of $5.9 million, or $1.30 per diluted share for the fourth quarter of 2019. The board of directors increased the quarterly dividend by $0.01 to $0.21 per share. Total gross loans increased by $25.7 million during the quarter, reaching $1.35 billion at the end of 2019.