FS Bancorp | 10-Q: FY2025 Q3 Revenue: USD 56.57 M

Revenue: As of FY2025 Q3, the actual value is USD 56.57 M.

EPS: As of FY2025 Q3, the actual value is USD 1.18, beating the estimate of USD 1.08.

EBIT: As of FY2025 Q3, the actual value is USD -22.1 M.

Commercial and Consumer Banking Segment

• Net Interest Income: $33,690 for the three months ended September 30, 2025, compared to $31,244 for the same period in 2024.
• Provision for Credit Losses: $2,309 for the three months ended September 30, 2025, compared to $1,513 for the same period in 2024.
• Noninterest Income: $5,594 for the three months ended September 30, 2025, compared to $5,967 for the same period in 2024.
• Noninterest Expense: $25,388 for the three months ended September 30, 2025, compared to $25,832 for the same period in 2024.
• Net Income: $9,177 for the three months ended September 30, 2025, compared to $10,286 for the same period in 2024.

Home Lending Segment

• Loans Held for Sale: $38,579 as of September 30, 2025, compared to $27,835 as of December 31, 2024.
• Gain on Sale of Loans: $2,439 for the three months ended September 30, 2025, compared to $2,523 for the same period in 2024.

Cash Flow

• Net Cash from Operating Activities: $59,958 for the nine months ended September 30, 2025, compared to $9,294 for the same period in 2024.
• Net Cash Used by Investing Activities: -$177,269 for the nine months ended September 30, 2025, compared to -$109 for the same period in 2024.
• Net Cash from Financing Activities: $146,956 for the nine months ended September 30, 2025, compared to -$34,536 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: FS Bancorp, Inc. aims to maintain a strong focus on its core banking operations, with an emphasis on managing credit risk and optimizing its loan portfolio. The company is also focused on enhancing its noninterest income through strategic initiatives in fee-based services.
• Non-Core Business: The company continues to explore opportunities in the home lending segment, aiming to increase its market share in loans held for sale and gain on sale of loans.