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Sep 30, 2022
FS Bancorp Q3 2022 Earnings Report
Net income of $8.5 million, or $1.08 per diluted share, was reported.
Key Takeaways
FS Bancorp reported a net income of $8.5 million, or $1.08 per diluted share, for the third quarter of 2022, compared to $8.3 million, or $0.98 per diluted share, for the same quarter last year. Continued loan growth and net interest margin expansion contributed to the improved results.
Net income was $8.5 million for the third quarter of 2022, compared to $6.7 million in the previous quarter, and $8.3 million for the comparable quarter one year ago.
Net interest margin (“NIM”) improved to 4.54%, compared to 4.39% for the previous quarter, and 4.23% for the comparable quarter one year ago.
Repurchased 74,073 shares of our common stock during the third quarter at an average price of $30.22 per common share.
Loans receivable, net increased $137.9 million, or 7.1%, to $2.08 billion at September 30, 2022, compared to $1.95 billion at June 30, 2022, and increased $405.9 million, or 24.2% from $1.68 billion at September 30, 2021.
FS Bancorp
FS Bancorp
FS Bancorp Revenue by Segment
Revenue by Segment
Commercial and Consumer Banking Revenue
CapyFin.comHome Lending Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those anticipated.
Revenue & Expenses
Visualization of income flow from segment revenue to net income