NASDAQ$FSBW

FS Bancorp Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

FS Bancorp reported net income for the second quarter of 2021, implemented a two-for-one stock split, and scheduled payment of the thirty-fourth quarterly dividend.

FS Bancorp reported a net income of $8.5 million, or $0.97 per diluted share, for the second quarter of 2021. The company's performance reflects diversified lending growth funded by operational, relationship-based deposits.

  • Net income was $8.5 million for the second quarter of 2021.
  • Net interest income increased to $21.2 million.
  • Total net loans increased $52.6 million, or 3.3%, to $1.65 billion.
  • Deposits increased $77.8 million during the quarter to $1.86 billion.

Headline financials

Total Revenue

$29.4M

Previous: $32M-8.1%
EPS (adj)

$0.97

Previous: $1.15-15.7%
Net Interest Margin

4.1%

No prior period
Capital Expenditures

-$1.6M

Previous: -$960K-66.1%
Free Cash Flow

$6.95M

Previous: $9.06M-23.2%
Net Income

$8.55M

Previous: $10M-14.7%
Operating Income

$22.4M

Previous: $19.5M+15.0%
Gross Profit

$27.9M

Previous: $27.3M+2.1%
Cash & Equivalents

$86.6M

Previous: $126M-31.4%
Total Assets

$2.22B

Previous: $2.01B+10.6%

Revenue & EPS history

FS Bancorp · Revenue · Quarterly

$29.4M

Q2 2021-8.1%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements regarding future events, many of which are inherently uncertain and outside of our control. Actual results may differ, possibly materially from those currently expected or projected in these forward-looking statements.

Headwinds

  • The effect of the COVID-19 pandemic, including on the Company’s credit quality and business operations, as well as its impact on general economic and financial market conditions and other uncertainties resulting from the COVID-19 pandemic
  • Increased competitive pressures
  • Changes in the interest rate environment
  • Changes in general economic conditions and conditions within the securities markets, the Company’s ability to execute its plans to grow its residential construction lending, mortgage banking, and warehouse lending operations, and the geographic expansion of its indirect home improvement lending
  • Secondary market conditions for loans and the Company’s ability to originate loans for sale and sell loans in the secondary market

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.8%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+3.6%

Avg return

30 days after

68%

38 / 56 earnings

Positive

+14.1%

Q1 2020

Best reaction

-5.2%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%+1.4%-1.5%
Q4 2025+0.0%-6.8%-3.5%
Q3 2025+3.2%+1.6%+4.9%
Q2 2025-2.7%-3.1%+0.5%
Q1 2025-0.6%+0.0%-4.8%
Q4 2024-1.9%-1.0%-4.8%
Q3 2024+3.8%+2.2%+8.0%
Q2 2024+5.8%+7.5%+4.7%
Q1 2024+0.7%+1.4%+5.9%
Q4 2023+6.4%+5.3%-7.2%
Q3 2023+2.7%+1.9%+11.0%
Q2 2023-1.6%-3.9%-4.8%
Q1 2023+4.9%+10.9%+5.7%
Q4 2022-0.6%+3.5%+6.0%
Q3 2022+3.4%+6.4%+25.7%
Q2 2022+5.7%+5.7%+6.9%
Q1 2022-1.1%-1.6%+2.2%
Q4 2021+2.4%+1.1%-0.8%
Q3 2021+2.1%+2.4%-0.9%
Q2 2021+3.0%+1.5%-3.3%
Q1 2021+1.5%+2.0%+3.9%
Q4 2020+4.8%+6.1%+13.9%
Q3 2020-5.2%-3.7%+8.2%
Q2 2020+7.1%+6.6%+9.7%
Q1 2020+14.1%+26.3%+18.9%
Q4 2019-4.8%-11.7%-21.0%
Q3 2019-0.2%+2.7%+7.6%
Q2 2019+0.4%-1.2%-2.8%
Q1 2019-0.4%+1.2%-5.6%
Q4 2018+5.2%-0.3%+5.4%
Q3 2018+2.5%+1.3%+5.5%
Q2 2018+0.8%-0.6%-6.1%
Q1 2018+0.3%+1.9%+4.1%
Q4 2017-2.5%-3.7%-6.7%
Q3 2017+1.6%+2.5%+7.2%
Q2 2017+1.7%+5.0%+16.7%
Q1 2017+5.8%+6.8%+5.9%
Q4 2016+0.7%+2.3%+7.0%
Q3 2016+3.4%+4.6%+14.4%
Q2 2016+4.9%+5.9%+8.2%
Q1 2016-0.9%
Q4 2015+6.4%
Q3 2015+1.9%
Q2 2015+2.8%
Q1 2015+2.2%
Q4 2014+1.6%
Q3 2014+1.8%
Q2 2014+0.7%
Q1 2014+0.7%
Q4 2013+0.4%
Q3 2013+1.6%
Q2 2013-0.1%
Q1 2013+3.0%
Q4 2012+0.0%
Q3 2012+0.0%
Q2 2012+0.0%
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011

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