FS Bancorp Q4 net income rises

Reuters
Jan 22
<a href="https://laohu8.com/S/FSBW">FS Bancorp</a> Q4 net income rises

Overview

  • Bank holding company's Q4 net income rose to $8.4 mln, up from $7.4 mln yr/yr

  • Company repurchased 46,947 shares in Q4, with $4.3 mln remaining for buybacks

  • Company purchased new office building for $16.1 mln, plans HQ centralization by 2026

Outlook

  • Company did not provide specific financial guidance

Result Drivers

  • NET INTEREST INCOME - Increase in net interest income driven by higher interest income on loans receivable, despite increased interest expenses

  • NONINTEREST INCOME - Increase due to $1.0 million in death benefits from bank-owned life insurance policies

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

$1.10

Q4 Net Income

$8.4 mln

Q4 Net Interest Income

$33.6 mln

Q4 Net Interest Margin

4.35%

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the banks peer group is "buy"

  • Wall Street's median 12-month price target for FS Bancorp Inc is $44.00, about 5.8% above its January 20 closing price of $41.59

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX3W6qz2

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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