FS Bancorp Posts Q4 Profit Above Expectations but Falls Short of Analyst Forecasts

FS Bancorp Inc. reported fourth-quarter earnings that exceeded its own guidance but failed to meet Wall Street estimates. The bank holding company posted net income of $12.3 million, or 89 cents per share, compared to $11.8 million, or 85 cents per share, in the year-ago period. However, analysts had forecast earnings of $1.02 per share. The company's total revenue rose 3.2% annually to $45.7 million. FS Bancorp's loan portfolio grew 4.1% year-over-year to $1.2 billion. The bank's provision for credit losses decreased to $2.1 million from $2.8 million in the prior quarter. The stock closed down 0.8% at $28.45 on the Nasdaq.