FS Bancorp, Inc. (FSBW)

FS Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	168.07	154.95	111.65	90.74	84.13	84.71
Interest Income on Investments	14.24	12.25	7.05	5.64	4.71	4.92
Total Interest Income	182.31	167.19	118.69	96.37	88.84	89.63
Interest Paid on Deposits	51.68	36.75	9.42	6.93	11.98	16.16
Interest Paid on Borrowings	8.19	7.14	4.99	2.8	2.74	3.16
Total Interest Expense	59.86	43.89	14.41	9.73	14.72	19.32
Net Interest Income	122.45	123.3	104.28	86.65	74.12	70.31
Net Interest Income Growth (YoY)	0.24%	18.24%	20.35%	16.90%	5.42%	34.95%
Gain (Loss) on Sale of Assets	8.36	-	-	-	-	-0.03
Gain (Loss) on Sale of Investments	-7.84	-	-	-	0.3	0.03
Other Non-Interest Income	13.65	13.78	10.19	6.43	6.22	8.78
Total Non-Interest Income	22.4	20.49	18.11	37.51	55.36	23.04
Non-Interest Income Growth (YoY)	19.60%	13.15%	-51.73%	-32.24%	140.33%	18.09%
Revenues Before Loan Losses	144.85	143.79	122.39	124.16	129.48	93.34
Provision for Loan Losses	5.39	4.77	6.22	0.5	13.04	2.88
Revenue	139.46	139.02	116.17	123.66	116.44	90.46
Revenue Growth (YoY)	2.60%	19.67%	-6.06%	6.20%	28.72%	29.11%
Salaries and Employee Benefits	52.01	51.61	45.66	46.5	35.77	31.44
Federal Deposit Insurance	2.18	2.39	1.22	0.64	0.83	0.36
Amortization of Goodwill & Intangibles	3.74	3.46	0.69	0.69	0.71	0.76
Selling, General & Administrative	21.2	19.17	17.25	16.88	14.78	15.09
Other Non-Interest Expense	16.08	15.64	13.46	13.59	12.54	12.96
Total Non-Interest Expense	95.06	92.14	78.29	78.3	64.62	60.49
EBT Excluding Unusual Items	44.4	46.88	37.89	45.36	51.82	29.98
Asset Writedown	-0.59	-0.05	0	2.06	-1.97	-0.09
Pretax Income	43.81	45.27	36.99	47.42	49.85	28.13
Income Tax Expense	6.39	9.22	7.34	10.01	10.59	5.41
Net Income	37.41	36.05	29.65	37.41	39.26	22.72
Preferred Dividends & Other Adjustments	0.61	0.58	0.55	0.61	0.55	0.07
Net Income to Common	36.81	35.48	29.1	36.8	38.72	22.64
Net Income Growth	10.36%	21.60%	-20.75%	-4.72%	72.84%	-6.69%
Basic Shares Outstanding	8	8	8	8	8	9
Diluted Shares Outstanding	8	8	8	8	9	9
Shares Change (YoY)	1.28%	-1.25%	-6.47%	-2.38%	-4.67%	16.88%
EPS (Basic)	4.79	4.63	3.75	4.48	4.58	2.57
EPS (Diluted)	4.68	4.56	3.70	4.37	4.49	2.50
EPS Growth	8.77%	23.24%	-15.33%	-2.67%	79.24%	-20.35%
Dividend Per Share	1.040	1.000	0.800	0.560	0.420	0.325
Dividend Growth	9.47%	25.00%	42.86%	33.33%	29.23%	22.64%
Effective Tax Rate	14.59%	20.36%	19.84%	21.11%	21.24%	19.24%

Source: S&P Capital IQ. Banks template. Financial Sources.