FS Bancorp's Third-Quarter Profit Falls to $4.9 Million After Pacific West Deal
Photo: TokenPost
FS Bancorp's net income fell 46% year over year in the third quarter, which included $2.5 million in expenses tied to its completed Pacific West Bancorp acquisition. For the three months ended Sept. 30, net income was $4.926 million, down from $9.177 million a year earlier. Diluted earnings per share were 63 cents, compared with $1.18 in the year-earlier quarter. FS Bancorp completed the acquisition Aug. 19. The quarter also included a preliminary, nontaxable bargain purchase gain of $1.7 million. Net interest income was $35.686 million, and noninterest income was $6.176 million. Together, they totaled $41.862 million.
Source: TokenPost
