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FS Bancorp (FSBW) Reports Q3 Earnings: What Key Metrics Have to Say
FSBWFS Bancorp(FSBW) ZACKS·2024-10-23 00:00

Core Insights - FS Bancorp reported revenue of 37.21millionforthequarterendedSeptember2024,reflectingayearoveryearincreaseof4.537.21 million for the quarter ended September 2024, reflecting a year-over-year increase of 4.5% [1] - Earnings per share (EPS) for the quarter was 1.29, up from 1.13inthesamequarterlastyear,representingasurpriseof+12.171.13 in the same quarter last year, representing a surprise of +12.17% compared to the consensus estimate of 1.15 [1] Financial Performance Metrics - Net Interest Margin was reported at 4.4%, slightly above the estimated 4.3% [1] - Efficiency Ratio stood at 69.4%, significantly higher than the average estimate of 62.7% [1] - Total Non-Interest Income was 5.97million,slightlybelowtheestimated5.97 million, slightly below the estimated 6 million [1] - Net Interest Income was reported at 31.24million,marginallyexceedingtheestimateof31.24 million, marginally exceeding the estimate of 31.10 million [1] Stock Performance - FS Bancorp shares have returned -5.2% over the past month, contrasting with the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]