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Mar 31, 2024
FS Bancorp Q1 2024 Earnings Report
FS Bancorp reported first quarter net income and declared forty-fifth consecutive quarterly dividend.
Key Takeaways
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.
Net income for Q1 2024 was $8.4 million, compared to $8.2 million for the same quarter last year.
The company sold a portion of its mortgage servicing rights, resulting in a pre-tax gain of $8.2 million.
Net interest margin expanded to 4.26% for the first quarter of 2024.
Loans receivable, net increased $13.9 million to $2.42 billion at March 31, 2024.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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