FS Bancorp Third Quarter 2024 Earnings: Beats Expectations

FS Bancorp (NASDAQ:FSBW) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$35.7m (up 1.8% from 3Q 2023).
• Net income: US$10.1m (up 15% from 3Q 2023).
• Profit margin: 28% (up from 25% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$1.32 (up from US$1.15 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FS Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of FS Bancorp's balance sheet and an in-depth analysis of the company's financial position.

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