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Sep 30, 2021
FS Bancorp Q3 2021 Earnings Report
Net income reported for the third quarter with dividend increased.
Key Takeaways
FS Bancorp reported a net income of $8.3 million, or $0.97 per diluted share, for the third quarter of 2021. This compares to $12.7 million, or $1.47 per diluted share, for the same period last year. The board of directors approved a dividend increase to $0.15 per share.
Net income was $8.3 million for the third quarter of 2021, compared to $8.5 million in the previous quarter, and $12.7 million for the comparable quarter one year ago.
Net interest income increased to $22.7 million from $21.2 million in the previous quarter, and improved from $18.9 million in the comparable quarter one year ago.
Total loans receivable, net increased $32.4 million, or 2.0%, to $1.68 billion at September 30, 2021, compared to $1.65 billion at June 30, 2021, and increased $186.5 million, or 12.5% from $1.49 billion at September 30, 2020.
PPP loans forgiven by the SBA during the quarter totaled $34.8 million, compared to $15.4 in the previous quarter, and none during the comparable quarter one year ago.