earnings
confidence high
sentiment positive
materiality 0.75
FS Bancorp FY2023 net income $36.1M ($4.56 EPS); Q4 dividend raised 4% to $0.26
FS Bancorp, Inc.
2023-FY EPS reported
$4.56
revenue$4,612,000
- FY2023 net income $36.1M, $4.56 diluted EPS vs. $29.6M, $3.70 EPS in 2022.
- Q4 net income $9.8M, $1.23 diluted EPS vs. $7.6M, $0.97 EPS in Q4 2022.
- Quarterly dividend increased $0.01 to $0.26/share (+4%), payable Feb 22, 2024 to holders of record Feb 8.
- Nonperforming loans rose $5.3M to $11.0M, mainly from one $4.7M construction loan.
- Negotiating to sell MSRs on $1.30B of Fannie/Freddie loans; sale expected to close in Q1 2024.