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Mar 31, 2021
FS Bancorp Q1 2021 Earnings Report
Net income increased and EPS grew, driven by loan growth and lower deposit costs.
Key Takeaways
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.
Net income was $11.9 million.
Total gross loans increased to $1.63 billion.
Originated $434.5 million of one-to-four-family loans and sold $414.0 million of these loans at a gross margin of 4.60%.
Total deposits increased $106.7 million to $1.78 billion.