MOUNTLAKE TERRACE, Wash. (AP) _ FS Bancorp Inc. (FSBW) on Thursday reported fourth-quarter net income of $11.4 million.

The Mountlake Terrace, Washington-based bank said it had earnings of $2.60 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

The bank holding company posted revenue of $37.7 million in the period. Its revenue net of interest expense was $34.7 million, also beating Street forecasts.

For the year, the company reported profit of $39.3 million, or $8.97 per share. Revenue was reported as $129.5 million.

FS Bancorp shares have declined roughly 2% since the beginning of the year. The stock has dropped 13% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSBW at https://www.zacks.com/ap/FSBW

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