NASDAQ$FSBW

FS Bancorp Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

FS Bancorp's second quarter performance in 2023 was marked by a net income increase and strategic focus on integrating acquired branches.

FS Bancorp reported a net income of $9.1 million, or $1.16 per diluted share, for the second quarter of 2023, compared to $6.7 million, or $0.83 per diluted share, for the comparable quarter one year ago. The company remained focused on integrating acquired branches and approved its forty-second consecutive quarterly cash dividend.

  • Net income was $9.1 million for the second quarter of 2023, compared to $6.7 million for the comparable quarter one year ago.
  • Net interest margin compressed slightly to 4.66%, compared to 4.39% for the comparable quarter one year ago.
  • Loans receivable, net increased $42.8 million to $2.34 billion at June 30, 2023, compared to $1.95 billion at June 30, 2022.
  • Consumer loans increased $27.2 million to $633.9 million at June 30, 2023, compared to $485.3 million in the comparable quarter one year ago.

Headline financials

Total Revenue

$36.4M

Previous: $29.1M+25.1%
EPS (adj)

$1.25

Previous: $0.83+50.6%
Net Interest Margin

4.7%

Previous: 4.4%+6.2%
Capital Expenditures

-$1.11M

Previous: -$401K-177.6%
Free Cash Flow

$8M

Previous: $6.3M+27.1%
Net Income

$9.12M

Previous: $6.7M+36.1%
Operating Income

$22.3M

Previous: $22.7M-1.6%
Gross Profit

$36.4M

Previous: $27.5M+32.5%
Cash & Equivalents

$132M

Previous: $28.7M+360.9%
Total Assets

$2.91B

Previous: $2.4B+21.1%
Stock-Based Comp

$364K

No prior period

Revenue & EPS history

FS Bancorp · Revenue · Quarterly

$36.4M

Q2 2023+25.1%vs Q2 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

This document does not contain forward guidance.

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 2023

Historical avgQ2 2023

+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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