FS Bancorp Q1 2025: Assets Stable, Net Interest Income Dips
Ticker: FSBW · Form: 10-Q · Filed: May 9, 2025 · CIK: 1530249
| Field | Detail |
|---|---|
| Company | Fs Bancorp, Inc. (FSBW) |
| Form Type | 10-Q |
| Filed Date | May 9, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financials, savings-institution
TL;DR
**FS Bancorp Q1 2025: Assets flat at $7.8B, net interest income slightly down to $31.7M. Provision for credit losses minimal.**
AI Summary
FS Bancorp, Inc. reported total assets of $7.83 billion as of March 31, 2025, a slight decrease from $7.83 billion at the end of 2024. Net interest income for the first quarter of 2025 was $31.7 million, down from $31.9 million in the prior year's quarter. The company's provision for credit losses was $0.01 million for Q1 2025, compared to $0.01 million for Q4 2024.
Why It Matters
This filing provides insight into the financial health and performance of FS Bancorp, a savings institution, impacting investors and depositors.
Risk Assessment
Risk Level: low — The filing indicates stable asset levels and minimal provision for credit losses, suggesting low immediate financial risk.
Key Numbers
- $7.83B — Total Assets (As of March 31, 2025, showing stable asset base.)
- $31.7M — Net Interest Income (For Q1 2025, indicating a slight decrease from the previous period.)
- $0.01M — Provision for Credit Losses (For Q1 2025, reflecting minimal expected loan losses.)
Key Players & Entities
- FS Bancorp, Inc. (company) — Filer
- March 31, 2025 (date) — End of reporting period
- December 31, 2024 (date) — Prior period end
- $7.83 billion (dollar_amount) — Total assets
- $31.7 million (dollar_amount) — Net interest income Q1 2025
FAQ
What was FS Bancorp's total interest income for the first quarter of 2025?
The filing indicates that total interest income for the first quarter of 2025 was $31.7 million.
How did FS Bancorp's total assets change from December 31, 2024, to March 31, 2025?
Total assets remained stable at $7.83 billion as of March 31, 2025, compared to December 31, 2024.
What was the provision for credit losses for FS Bancorp in the first quarter of 2025?
The provision for credit losses for the first quarter of 2025 was $0.01 million.
What is the primary business of FS Bancorp, Inc. according to the filing?
FS Bancorp, Inc. is classified under 'SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED' with SIC code 6036.
What was the net interest margin for FS Bancorp in the first quarter of 2025?
The filing shows a net interest margin of 1.63% for the period ended March 31, 2025.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 9, 2025 regarding FS Bancorp, Inc. (FSBW).