FS Bancorp

Jan 24, 2024

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Dec 31, 2023

FS Bancorp Q4 2023 Earnings Report

Reported a net income of $9.8 million, or $1.23 per diluted share, and the board of directors approved a $0.01 increase in the quarterly dividend to $0.26 per share.

Key Takeaways

FS Bancorp reported a Q4 net income of $9.8 million, or $1.23 per diluted share, compared to $7.6 million, or $0.97 per diluted share, for the comparable quarter one year ago. The Board of Directors approved a $0.01 increase in the quarterly dividend to $0.26 per share. Total deposits increased to $2.52 billion at December 31, 2023.

Net income was $9.8 million for the fourth quarter of 2023, compared to $7.6 million for the comparable quarter one year ago.

The Board of Directors approved a $0.01 increase in the quarterly dividend to $0.26 per share, or $1.04 annually.

Total deposits increased $67.9 million, or 2.8%, to $2.52 billion at December 31, 2023, compared to $2.45 billion at September 30, 2023.

Loans receivable, net increased $25.9 million, or 1.1%, to $2.40 billion at December 31, 2023, compared to $2.38 billion at September 30, 2023.