MOUNTLAKE TERRACE, Wash. (AP) _ FS Bancorp Inc. (FSBW) on Thursday reported second-quarter earnings of $10 million.
The bank, based in Mountlake Terrace, Washington, said it had earnings of $2.30 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The bank holding company posted revenue of $35.8 million in the period. Its revenue net of interest expense was $32 million, also surpassing Street forecasts.
FS Bancorp shares have dropped 46% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $34.15, a decrease of 29% in the last 12 months.