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.
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