NASDAQ$FSBW

FS Bancorp Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

FS Bancorp reported net income for Q2 2024, announced a share repurchase plan, and increased its quarterly dividend.

FS Bancorp reported a net income of $9.0 million, or $1.13 per diluted share, for the second quarter of 2024. The company's board of directors also approved a new share repurchase plan and increased the quarterly cash dividend.

  • Net income was $9.0 million for the second quarter of 2024, compared to $8.4 million in the previous quarter, and $9.1 million for the comparable quarter one year ago.
  • Net interest margin increased to 4.29% for the second quarter of 2024, compared to 4.26% in the previous quarter, and declined from 4.66% for the comparable quarter one year ago.
  • The Company repurchased 73,000 shares of its common stock in the second quarter of 2024 at an average price of $32.84 per share.
  • Loans receivable, net increased $41.8 million, or 1.7%, to $2.46 billion at June 30, 2024, compared to $2.42 billion at March 31, 2024, and increased $114.8 million, or 4.9%, from $2.34 billion at June 30, 2023.

Headline financials

Total Revenue

$36.3M

Previous: $36.4M-0.3%
EPS

$1.13

Previous: $1.25-9.6%
Net Interest Margin

4.3%

Previous: 4.7%-7.9%
Book Value/Share

$37.15

No prior period
Tangible Book Value/Share

$34.66

No prior period
Capital Expenditures

-$632K

Previous: -$1.11M+43.2%
Free Cash Flow

$8.33M

Previous: $8M+4.0%
Net Income

$8.96M

Previous: $9.12M-1.7%
Operating Income

$15.2M

Previous: $22.3M-31.9%
Gross Profit

$35.2M

Previous: $36.4M-3.3%
Cash & Equivalents

$33M

Previous: $132M-75.0%
Total Assets

$2.94B

Previous: $2.91B+1.2%
Stock-Based Comp

$389K

Previous: $364K+6.9%

Revenue & EPS history

FS Bancorp · Revenue · Quarterly

$36.3M

Q2 2024-0.3%vs Q2 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements that are based on management's beliefs and assumptions and are subject to risks and uncertainties.

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 2024

Historical avgQ2 2024

+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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