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Jun 30, 2024
FS Bancorp Q2 2024 Earnings Report
FS Bancorp reported net income for Q2 2024, announced a share repurchase plan, and increased its quarterly dividend.
Key Takeaways
FS Bancorp reported a net income of $9.0 million, or $1.13 per diluted share, for the second quarter of 2024. The company's board of directors also approved a new share repurchase plan and increased the quarterly cash dividend.
Net income was $9.0 million for the second quarter of 2024, compared to $8.4 million in the previous quarter, and $9.1 million for the comparable quarter one year ago.
Net interest margin increased to 4.29% for the second quarter of 2024, compared to 4.26% in the previous quarter, and declined from 4.66% for the comparable quarter one year ago.
The Company repurchased 73,000 shares of its common stock in the second quarter of 2024 at an average price of $32.84 per share.
Loans receivable, net increased $41.8 million, or 1.7%, to $2.46 billion at June 30, 2024, compared to $2.42 billion at March 31, 2024, and increased $114.8 million, or 4.9%, from $2.34 billion at June 30, 2023.
FS Bancorp
FS Bancorp
Forward Guidance
This press release contains forward-looking statements that are based on management's beliefs and assumptions and are subject to risks and uncertainties.