FS Bancorp

Jul 26, 2023

•

Jun 30, 2023

FS Bancorp Q2 2023 Earnings Report

FS Bancorp's second quarter performance in 2023 was marked by a net income increase and strategic focus on integrating acquired branches.

Key Takeaways

FS Bancorp reported a net income of $9.1 million, or $1.16 per diluted share, for the second quarter of 2023, compared to $6.7 million, or $0.83 per diluted share, for the comparable quarter one year ago. The company remained focused on integrating acquired branches and approved its forty-second consecutive quarterly cash dividend.

Net income was $9.1 million for the second quarter of 2023, compared to $6.7 million for the comparable quarter one year ago.

Net interest margin compressed slightly to 4.66%, compared to 4.39% for the comparable quarter one year ago.

Loans receivable, net increased $42.8 million to $2.34 billion at June 30, 2023, compared to $1.95 billion at June 30, 2022.

Consumer loans increased $27.2 million to $633.9 million at June 30, 2023, compared to $485.3 million in the comparable quarter one year ago.

Total Revenue

$36.4M

Previous year: $29.1M