MOUNTLAKE TERRACE, Wash. (AP) — MOUNTLAKE TERRACE, Wash. (AP) — FS Bancorp Inc. (FSBW) on Wednesday reported fourth-quarter net income of $8.4 million.
The bank, based in Mountlake Terrace, Washington, said it had earnings of $1.10 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The bank holding company posted revenue of $57.2 million in the period. Its revenue net of interest expense was $40 million, which topped Street forecasts.
For the year, the company reported profit of $33.3 million, or $4.29 per share. Revenue was reported as $152.7 million.
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