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FS Bancorp, Inc. FSBW R2KR3KFINANCIAL

Financial Services · Banks - Regional · United States
https://www.fsbwa.com
Company Profile ↓
$43.88
+9.63% 1Y
Mkt Cap$325.76M
P/E10.04
P/B0.99
Div. Yield2.68%
52W High$44.97
52W Low$36.36
Book Value$43.57
EPS (TTM)$4.37

Company Overview

FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches in Washington. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. The company provides one-to-four-family residential first mortgages loans, home equity loan products, commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. Further, it provides online banking platforms, mobile banking apps, and telephone banking services, as well as cash management services. The company operates full bank service branches and home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Kitsap, Clallam, Jefferson, Grays Harbor, Thurston, and Benton counties; Oregon; and a loan production office in the market area of the Tri-Cities. The company was founded in 1936 and is headquartered in Mountlake Terrace, Washington.

Why Investors Should Care

Consistent Profit Growth

Net profit has compounded at 26.7% per year over the last five years.

Steady Revenue Expansion

Revenue has grown at a 70.7% CAGR over the past five years.

Reasonable Valuation

Trades at a P/E of 10.0, below the sector median of 14.5.

Healthy Margins

Maintains a net profit margin of 23.0%.

Dividend Income

Offers a dividend yield of 2.68%.

Positive Free Cash Flow

Generates positive free cash flow, funding growth and shareholder returns internally.

Recent Developments

  • Dec 2025 Revenue of $149.76M (+5.5% YoY); net profit $33.35M.
  • Trailing 12 Months Year-on-year growth — revenue +2.5%, earnings +5.1%.
  • 5-Year Trend Long-term compounding — revenue CAGR 70.7%, profit CAGR 26.7%.

Growth & Price Performance

Compounded Sales Growth

5 Years:70.69%
1 Year:2.50%

Compounded Profit Growth

5 Years:26.66%
1 Year:5.10%

Stock Price Performance

1 Year:+9.63%
6 Months:+12.74%
3 Months:+8.04%
1 Month:+2.09%

Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.

Technical Snapshot Bullish
52-Week Range 87% of range
$36.36 $44.97
Trend Signals
  • Price vs 50-DMAAbove
  • Price vs 200-DMAAbove
  • RSI (14)59.01 · Neutral
Price Performance
1M+2.09%
3M+8.04%
6M+12.74%
1Y+9.63%
Valuation vs Sector

P/E of 10.04 is below the sector median of 14.52 — relatively cheaper than peers.

Auto-generated from price history and fundamentals; not investment advice.

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Price Chart

Robinhood TradingView

Fundamental Growth Charts

Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.

PROS

  • Excellent profit margin of 23.0%.
  • Compounding revenue at 70.7% over 5 years.
  • Profit CAGR of 26.7% over 5 years.
  • Attractive dividend yield of 2.68%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

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Valuation

Stock P/E
10.04
Industry PE
14.52
Forward P/E
8.99
PEG Ratio
1.35
Book Value
$43.57
Price to Book
0.99
P/S
2.21
EV/EBITDA
-
Dividend Yield
2.68%

Growth (CAGR)

Revenue 5Y
70.69%
Profit 5Y
26.66%
Revenue (YoY)
2.50%
Earnings (YoY)
5.10%

Profitability & Returns

ROCE
-
ROE
10.83%
ROA
1.05%
Profit Margin
23.02%
Op Margin
32.41%
Gross Margin
0.00%
EPS (Latest Qtr)
$1.04
EPS (TTM)
$4.37

Balance Sheet & Liquidity

Debt/Equity
0.60
Quick Ratio
-
Current Ratio
-
Debt
$380.95M
Total Assets
$3.18B
Current Assets
-
Working Capital
-

Ownership

Promoter Holding
8.27%
Chg in Prom Hold
-0.26%
FII / Inst Holding
65.43%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$325.76M
Total Revenue (TTM)
$144.94M
EBITDA
-
Free Cash Flow
$51.94M
Operating Cash Flow
$72.31M
Shares Outstanding
7.42M
Gross Margin
0.00%
Payout Ratio
26.09%

Peer comparison

Peer companies in the same sector (Financial Services).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 FSBW FS Bancorp, Inc. R2KR3KFINANCIAL 43.88 10.04 $325.76M 2.68% - 10.83% 70.69% 26.66%
2 JPM JPMorgan Chase & Co. SPXR3KFINANCIAL 358.64 15.37 $953.34B 1.68% - 17.79% 12.50% 14.83%
3 BRK-B Berkshire Hathaway Inc. SPXFINANCIAL 506.03 15.07 $707.59B 0.00% - 10.50% 4.18% 9.44%
4 V Visa Inc. SPXR3KFINANCIAL 374.00 31.86 $637.34B 0.72% 37.15% 61.19% 14.33% 13.04%
5 MA Mastercard Incorporated SPXR3KFINANCIAL 579.21 31.82 $503.60B 0.60% 60.19% - 12.29% 19.21%
6 BAC Bank of America Corporation SPXR3KFINANCIAL 62.68 14.48 $438.31B 2.03% - 11.20% 3.14% 4.27%
7 BRK-A Berkshire Hathaway Inc. FINANCIAL 759,350.00 15.07 $384.00B 0.00% - 10.50% 7.60% 10.02%
8 HSBC HSBC Holdings plc FINANCIAL 107.11 15.30 $367.34B 3.62% - 13.10% 9.75% 12.72%
9 MS Morgan Stanley SPXR3KFINANCIAL 217.72 17.59 $342.26B 2.15% - 17.97% 3.76% 9.66%
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios

Quarterly Results

Figures in USD.

Metric Mar 2014Jun 2014Sep 2014Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue ---------------694.00K749.00K724.00K701.00K589.00K676.00K688.00K758.00K777.00K759.00K809.00K812.00K914.00K1.27M1.24M1.13M1.17M--35.56M36.56M38.54M39.10M37.06M-
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses ----------------------------------------
Operating Income ----------------------------------------
EBITDA ----------------------------------------
Interest Expense ----------------------------------15.81M16.59M17.28M17.16M16.79M-
Pretax Income ----------------------------------9.46M9.76M11.59M10.31M9.90M-
Tax Provision ----------------------------------1.44M2.03M2.41M1.89M2.07M-
Net Income 875.00K986.00K1.15M2.07M2.79M2.00M1.66M2.83M3.46M2.59M4.36M3.45M4.32M4.26M4.05M5.19M4.46M7.14M5.17M10.02M12.71M11.88M8.55M8.33M6.87M6.70M8.46M8.21M9.12M8.95M8.40M8.96M10.29M-8.02M7.73M9.18M8.42M7.83M-
Diluted EPS 0.290.330.390.700.930.660.550.961.180.851.411.071.151.131.071.150.981.581.141.151.471.350.980.980.830.831.081.041.161.131.061.131.29--0.991.181.101.021.04

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ------3.55M1.75M2.91M2.67M-119.67M141.37M141.98M149.76M
Cost of Revenue ---------------
Gross Profit ---------------
Operating Expenses ---------------
Operating Income ---------------
EBITDA ---------------
Interest Expense -----------14.41M43.89M61.73M66.84M
Pretax Income -----------36.99M45.27M41.58M41.12M
Tax Provision -----------7.34M9.22M6.56M7.77M
Net Income 1.54M5.29M3.92M4.54M8.88M10.50M14.09M24.35M22.72M39.26M-29.65M36.05M35.02M33.35M
Diluted EPS -1.761.291.522.933.514.286.295.014.49-3.704.564.364.29

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -283.79M359.03M419.19M509.75M677.56M827.93M981.78M1.62B1.71B2.11B-2.63B2.97B3.03B3.20B
Current Assets ----------------
Cash & Equivalents 35.25M19.25M6.79M38.46M15.55M24.45M36.46M18.91M32.78M45.78M91.58M-46.15M89.86M33.36M28.22M
Inventory ----------------
Receivables ------------11.14M14.01M13.88M14.61M
Total Liabilities -257.03M299.13M356.87M443.92M602.22M746.89M859.78M1.44B1.51B1.88B-2.40B2.71B2.73B2.89B
Current Liabilities ----------------
Long Term Debt ---------84.86M165.81M-235.99M53.42M349.40M178.97M
Total Debt ------------242.46M60.27M354.96M184.85M
Total Equity 24.80M26.77M59.90M62.31M65.84M75.34M81.03M122.00M180.04M200.24M230.01M-231.70M264.49M295.77M307.69M
Shares Outstanding ------------7.74M7.80M7.83M7.51M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 4.73M-759.00K6.10M-4.03M-7.06M3.59M15.08M21.44M9.18M-32.32M109.01M184.90M77.67M50.82M72.31M
Investing Cash Flow -10.19M-80.78M-31.73M-99.89M-139.77M53.26M-169.41M-186.96M-55.20M-270.69M-310.83M-504.04M77.67M-104.20M-206.43M
Financing Cash Flow -10.54M69.08M57.30M81.01M155.73M-44.85M136.79M179.39M59.02M348.81M136.74M334.09M-131.08M19.32M130.70M
Capital Expenditure -1.40M-3.64M-2.07M-873.00K-1.51M-3.60M-1.02M-3.80M-2.46M-1.38M-1.98M-1.55M-1.67M-1.64M-20.37M
Free Cash Flow 3.33M-4.40M4.03M-4.90M-8.57M-7.00K14.07M17.64M6.71M-33.70M107.03M183.35M76.00M49.19M51.94M
Net Change in Cash -----------14.95M24.25M-34.06M-3.42M
Share Buybacks --02.22M101.00K4.90M275.00K251.00K4.80M9.80M13.96M15.63M223.00K2.51M15.42M
Dividends Paid -0451.00K704.00K826.00K1.09M1.33M1.92M2.86M3.57M4.60M7.10M---

Ratios (Annual)

Figures in %.

Metric Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------
Operating Margin % ---------------
Net Margin % ------397.0%1,395.2%779.8%1,473.3%-24.8%25.5%24.7%22.3%
ROE % 5.8%8.8%6.3%6.9%11.8%13.0%11.5%13.5%11.3%17.1%-12.8%13.6%11.8%10.8%
ROCE % ---------------

Shareholding Pattern

Insiders
8.27%
Institutions
65.43%
Public Float
71.33%

Top Institutional Holders

#Holder% HeldSharesValue
1 T. Rowe Price Investment Management, Inc. 13.43% 997.94K $42.76M
2 Blackrock Inc. 6.58% 488.77K $20.94M
3 Dimensional Fund Advisors LP 5.67% 421.65K $18.07M
4 De Lisle Partners LLP 5.27% 391.65K $16.78M
5 Vanguard Capital Management LLC 3.96% 294.35K $12.61M
6 Pacific Ridge Capital Partners, LLC 2.78% 206.50K $8.85M
7 Geode Capital Management, LLC 2.24% 166.44K $7.13M
8 TCW Group, Inc. 2.08% 154.43K $6.62M
9 Alliancebernstein L.P. 1.85% 137.52K $5.89M
10 State Street Corporation 1.72% 128.04K $5.49M

Analyst View

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Latest News

Recent headlines for FSBW

Google News Fri, 04 Sep 2026

Understanding the Setup: (FSBW) and Scalable Risk - Stock Traders Daily

<a href="https://news.google.com/rss/articles/CBMixgFBVV95cUxQSlN1OUZCRmF0bEFQRml4MlZFVWRpYk5TTGRkcW83ampWUVdLajJuUi1kcnFxUUdCcjBCd25xa1ZsandONzFVUFhDX3VkcHU3ZTI3U0gzMll1emluV0ptRU9jQlM1aEpFMWpsRmg5dHdnZmFubXRCNmVZbjdYM0kwSXNrSzJiMUZSWU1hcF…

Google News hu, 20 Aug 2026

FS Bancorp completes bank deal with $16.8M cash and 430,176 shares - Stock Titan

<a href="https://news.google.com/rss/articles/CBMivgFBVV95cUxPNWQzRnp3LVNiQThDNmo1c2FPQ0RpMk43anFWZnN4cHYtc3BWS2pBTE4xdG5OTE4tdnRFeFYtSDFDb3dvb0Y0Nk5hY0hIejNzbW83TTd4R05kamo0NXhSWXZreC1jM2J1NmRtNEhzUmRyVTJqaU1qUEc4VDRCbzZyN1BXV2h6N1FHTjBDWF…

Google News ue, 25 Aug 2026

FS Bancorp Announces $5 Million Share Repurchase Plan - The Globe and Mail

<a href="https://news.google.com/rss/articles/CBMi1gFBVV95cUxQTzh2dGJDdTNLb0htak5GNEg1TnNKemR3VUdTaFB3eUNFTU85TkhqWWYtMy1GQ2tIaGx6Yk5LUVBXbjhzWUFOeWFucXNvNWxXT2Z5RDY0ZGYybnREM1BRaS1TM1dpdmw0a3dNYnV4UE9OLTV5bmE1Z0lXTnU5ajB1UTBxbUMzbU1pOS1PR0…

Google News Mon, 24 Aug 2026

FS Bancorp’s $5M buyback may run 12 months, but purchases aren’t guaranteed - Stock Titan

<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxOdmZ3aTYwTnBMa1ZwSTZvNkpBcVQtbkxaNi0zTWZ4dG9oRC0yX1BncVhubVc3QkhiOTNfeVFBYTZ2NVI4STloWVZPbkdTMnJZT0JTTWxGZmpuSTlRSG11OExzTWVjM0lFXzd5S0JtLXFDcVhEcmo0TFBlclZPSzlqZWgwN3VRS0hmV2JfX0…

Google News Sat, 22 Aug 2026

FS Bancorp Completes Acquisition of Pacific West Bancorp - The Globe and Mail

<a href="https://news.google.com/rss/articles/CBMi2wFBVV95cUxQdkxQc1U2SlZIdFd2VVEyRmZFSTY0RTB3ME04YnQtNUJQT09qRXJUR0hZMzAwOE9BWkRhdHVMbFM5R0RZUUJ5OFpFRzNNYnUzeGtDUEJvRGNiYW5RZXAtZW81d0VrNlpRaEtZbUtSWWgxSzVaZ1ctc3JIaGtDblJBSGtka2xLbEZEbXpVal…

Google News Fri, 28 Aug 2026

FS Bancorp (NASDAQ: FSBW) director to sell 975 shares - Stock Titan

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FSBW — Frequently Asked Questions

What is the current share price of FS Bancorp, Inc. (FSBW)?

As of 2026-09-07 16:24 PDT, FS Bancorp, Inc. (FSBW) trades at $43.88 on NasdaqCM. Its 52-week range is $36.36 to $44.97.

What is the market capitalisation of FSBW?

FS Bancorp, Inc. (FSBW) has a market capitalisation of $325.76M on NasdaqCM.

What is the P/E ratio of FSBW?

FSBW trades at a trailing price-to-earnings (P/E) ratio of 10.04. The industry average P/E is 14.52. Its price-to-book (P/B) ratio is 0.99.

Does FSBW pay a dividend?

FS Bancorp, Inc. (FSBW) currently offers a dividend yield of 2.68%.

What is the return on equity (ROE) of FSBW?

FSBW has a return on equity (ROE) of 10.83%.

Is FSBW a good stock to buy?

This page provides a data-driven analysis of FS Bancorp, Inc. (FSBW), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.

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