MOUNTLAKE TERRACE, Wash. (AP) _ FS Bancorp Inc. (FSBW) on Thursday reported third-quarter earnings of $7.1 million.
The bank, based in Mountlake Terrace, Washington, said it had earnings of $1.58 per share. Earnings, adjusted for non-recurring costs, came to $1.59 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The bank holding company posted revenue of $29.5 million in the period. Its revenue net of interest expense was $24.5 million, also beating Street forecasts.
FS Bancorp shares have risen 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $54, an increase of 23% in the last 12 months.