NASDAQ$FSBW

FS Bancorp Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net income of $8.5 million, or $1.08 per diluted share, was reported.

FS Bancorp reported a net income of $8.5 million, or $1.08 per diluted share, for the third quarter of 2022, compared to $8.3 million, or $0.98 per diluted share, for the same quarter last year. Continued loan growth and net interest margin expansion contributed to the improved results.

  • Net income was $8.5 million for the third quarter of 2022, compared to $6.7 million in the previous quarter, and $8.3 million for the comparable quarter one year ago.
  • Net interest margin (“NIM”) improved to 4.54%, compared to 4.39% for the previous quarter, and 4.23% for the comparable quarter one year ago.
  • Repurchased 74,073 shares of our common stock during the third quarter at an average price of $30.22 per common share.
  • Loans receivable, net increased $137.9 million, or 7.1%, to $2.08 billion at September 30, 2022, compared to $1.95 billion at June 30, 2022, and increased $405.9 million, or 24.2% from $1.68 billion at September 30, 2021.

Headline financials

Total Revenue

$31.7M

Previous: $31.1M+2.1%
EPS (adj)

$1.08

Previous: $0.97+11.3%
Net Interest Margin

4.5%

Previous: 4.2%+7.3%
Capital Expenditures

-$695K

Previous: -$1.92M+63.8%
Free Cash Flow

$7.76M

Previous: $6.41M+21.1%
Net Income

$8.46M

Previous: $8.33M+1.5%
Operating Income

$22.9M

Previous: $24.4M-6.0%
Gross Profit

$29.7M

Previous: $29.6M+0.5%
Cash & Equivalents

$160M

Previous: $28.3M+464.0%
Total Assets

$2.65B

Previous: $2.23B+19.0%
Stock-Based Comp

$1.43M

No prior period

Revenue & EPS history

FS Bancorp · Revenue · Quarterly

$31.7M

Q3 2022+2.1%vs Q3 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those anticipated.

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 Q3 2022

Historical avgQ3 2022

+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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