FS Bancorp: 4Q Earnings Snapshot
MOUNTLAKE TERRACE, Wash. (AP) _ FS Bancorp Inc. (FSBW) on Monday reported fourth-quarter profit of $11.7 million.
The Mountlake Terrace, Washington-based bank said it had earnings of $2.83 per share. Earnings, adjusted for non-recurring gains, came to $1.42 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The bank holding company posted revenue of $31.1 million in the period. Its revenue net of interest expense was $27.2 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $20 million.
For the year, the company reported profit of $24.3 million, or $6.29 per share. Revenue was reported as $78.9 million.
FS Bancorp shares have risen 12 percent since the beginning of the year. The stock has fallen 15 percent in the last 12 months.