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Mar 31, 2020
FS Bancorp Q1 2020 Earnings Report
Net income of $5.2 million, or $1.14 per diluted share, was reported for the first quarter.
Key Takeaways
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.
Net income was $5.2 million, same as the comparable quarter one year ago.
Provision for loan loss was significantly increased to $3.7 million in response to the COVID-19 pandemic.
Total gross loans increased $60.0 million during the quarter to $1.41 billion.
Total deposits increased $53.9 million during the quarter.