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FS Bancorp: 4Q Earnings Snapshot

MOUNTLAKE TERRACE, Wash. (AP) _ FS Bancorp Inc. (FSBW) on Monday reported fourth-quarter profit of $11.7 million.

The Mountlake Terrace, Washington-based bank said it had earnings of $2.83 per share. Earnings, adjusted for non-recurring gains, came to $1.42 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The bank holding company posted revenue of $31.1 million in the period. Its revenue net of interest expense was $27.2 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $20 million.

For the year, the company reported profit of $24.3 million, or $6.29 per share. Revenue was reported as $78.9 million.

FS Bancorp shares have risen 12 percent since the beginning of the year. The stock has fallen 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSBW at https://www.zacks.com/ap/FSBW