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Jun 30, 2020
FS Bancorp Q2 2020 Earnings Report
Reported net income of $10.0 million, or $2.30 per diluted share, compared to $4.5 million, or $0.98 per diluted share for the same period last year.
Key Takeaways
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.
Net income was $10.0 million, compared to $5.2 million in the previous quarter, and $4.5 million for the same quarter one year ago.
Provision for loan losses increased to $4.6 million, compared to $3.7 million in the previous quarter, and $910,000 for the same quarter one year ago.
Total gross loans increased $57.0 million during the quarter to $1.47 billion at June 30, 2020.
Total deposits increased $160.6 million during the quarter.