Filing Flows › PFS Bancorp (PFSB) › Q4 2024
PFS Bancorp (PFSB) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
PFS Bancorp (PFSB) reported revenue of $1.7M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +18% from the quarter before. Operating margin was 9.2%, net earnings $113K (6.8% of revenue).
PFS Bancorp, Q4 2024: revenue $1.7M (+13% year over year), operating margin 9.2%, net earnings $113K, operating cash flow −$16K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | +18% | +13% |
| Operating profit | $152K | -42% | -59% |
| Net earnings | $113K | -53% | -60% |
| Operating cash flow | −$16K | — | — |
What changed
Revenue was $1.7M in Q4 2024, up 13% year over year and up 18% from the previous quarter. Net interest income was the largest line at 79% of revenue. Noninterest income added $167K year over year (up 92%), 88% of the total change.
Operating profit was $152K, a 9.2% margin (down 16.0 points year over year). Operating profit fell $218K even though revenue rose $190K versus a year earlier, so costs grew faster than sales. Total costs grew 37% against revenue growth of 13%. The fastest-growing cost line was Noninterest expense (+37%). Net earnings were $113K, down 60% year over year. The effective tax rate was 25.7%.
Operating cash flow was −$16K. Non-cash charges added back $33K of depreciation. Working capital and other items used $162K. Capital expenditures of $68K exceeded it, leaving free cash flow of −$84K.
Questions
What was PFS Bancorp's revenue in the fourth quarter 2024?
PFS Bancorp (PFSB) reported revenue of $1.7M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +18% from the quarter before.
Was PFS Bancorp profitable in the fourth quarter 2024?
Operating profit was $152K (9.2% of revenue) and net earnings $113K.
Source: PFS Bancorp 10-K on SEC EDGAR.