NASDAQ$FSBW

FS Bancorp Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

FS Bancorp reported net income for the third quarter of 2024.

FS Bancorp reported a net income of $10.3 million, or $1.29 per diluted share, for the third quarter of 2024, compared to $9.0 million, or $1.13 per diluted share, for the comparable quarter one year ago. The increase in net income was attributed to deposit growth and strategic planning.

  • Net income for Q3 2024 was $10.3 million, compared to $9.0 million in the previous quarter and the same quarter last year.
  • Net interest margin increased to 4.35% for Q3 2024, compared to 4.29% in the previous quarter and 4.34% in the comparable quarter last year.
  • Total deposits increased by $44.5 million, or 1.9%, to $2.43 billion at September 30, 2024.
  • Loans receivable, net, remained unchanged at $2.46 billion at September 30, 2024, and increased $88.1 million, or 3.7%, from September 30, 2023.

Headline financials

Total Revenue

$37.2M

Previous: $35.6M+4.5%
EPS

$1.29

Previous: $1.13+14.2%
Net Interest Margin

3.8%

Previous: 4.3%-13.4%
Book Value/Share

$62.82

No prior period
Tangible Book Value/Share

$43.07

No prior period
Nonperforming Assets/Total

0.3%

No prior period
Capital Expenditures

-$1.25M

Previous: -$1.4M+10.2%
Free Cash Flow

$9.03M

Previous: $7.56M+19.5%
Net Income

$10.3M

Previous: $8.95M+14.9%
Operating Income

$15.2M

Previous: $18M-15.8%
Gross Profit

$35.7M

Previous: $35.1M+1.8%
Cash & Equivalents

$40.3M

Previous: $80.7M-50.0%
Total Assets

$2.97B

Previous: $2.92B+1.7%
Stock-Based Comp

$464K

Previous: $590K-21.4%

Revenue & EPS history

FS Bancorp · Revenue · Quarterly

$37.2M

Q3 2024+4.5%vs Q3 2023
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Forward guidance

This document does not contain explicit forward guidance. It includes a section on forward-looking statements, cautioning that actual results may differ materially from current expectations due to various factors.

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 2024

Historical avgQ3 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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