Overview

* FS Bancorp ( FSBW ) Q3 net income falls to $9.2 mln from $10.3 mln a year ago

* Total deposits rose 5.2% qtr/qtr to $2.69 bln, driven by brokered CDs

* Company repurchased 134,413 shares at $41.15 each in Q3 2025

Outlook

* FS Bancorp ( FSBW ) did not provide specific financial guidance for future quarters in the press release

Result Drivers

* NET INTEREST MARGIN - Co maintained strong net interest margins through higher yields on earning assets

* DEPOSIT GROWTH - Total deposits rose 5.2% qtr/qtr to $2.69 bln, driven by an increase in brokered CDs

* BORROWINGS REDUCTION - Borrowings decreased 44.8% qtr/qtr, aiding interest expense management

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.18

Q3 Net $9.20

Income mln

Q3 Net $33.70

Interest mln

Income

Q3 $0.28

Dividend

Q3 Net 4.37%

Interest

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for FS Bancorp Inc ( FSBW ) is $45.50, about 14.7% above its October 20 closing price of $38.79

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)