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Jun 30, 2022
FS Bancorp Q2 2022 Earnings Report
Net income decreased year-over-year but net interest margin improved, driven by growth in commercial and consumer banking.
Key Takeaways
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.
Net income was $6.7 million for the second quarter of 2022, compared to $8.5 million for the comparable quarter one year ago.
Net interest margin improved to 4.39%, compared to 4.09% for the comparable quarter one year ago.
Loans receivable, net increased $148.4 million, or 8.3%, to $1.95 billion at June 30, 2022, compared to March 31, 2022.
Segment reporting reflected $7.5 million in net income for the commercial and consumer banking segment and $756,000 of net loss for the home lending segment for the second quarter of 2022, compared to $6.7 million and $1.9 million of net income in the second quarter of 2021, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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