FSBW · Fs Bancorp, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | $4.61M | $3.19M | $3.01M | $2.67M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $14.92M | $13.53M | $13.07M | $10.74M | $10.79M | $10.47M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $2.80M | $2.50M | $2.60M | $2.50M | $2.70M | $2.80M |
| Operating Income | $41.12M | $41.58M | $45.27M | $36.99M | $47.42M | $49.85M |
| Interest Expense | - | - | $43.89M | $14.41M | $9.72M | $14.72M |
| Income Tax | $7.77M | $6.56M | $9.22M | $7.34M | $10.01M | $10.59M |
| Net Income | $33.35M | $35.02M | $36.05M | $29.65M | $37.41M | $39.26M |
| EPS - Basic | $4.35 | $4.48 | $4.63 | $3.75 | $4.42 | $4.57 |
| EPS - Diluted | $4.29 | $4.36 | $4.56 | $3.70 | $4.32 | $4.49 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $28.22M | $31.64M | $65.69M | $41.44M | $26.49M | $91.58M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $3.20B | $3.03B | $2.97B | $2.63B | $2.29B | $2.11B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | $186.53M | $42.53M | $165.81M |
| Total Liabilities | $2.89B | $2.73B | $2.71B | $2.40B | $2.04B | $1.88B |
| Stockholders' Equity | $307.69M | $295.77M | $264.49M | $231.70M | $247.51M | $230.01M |
| Retained Earnings | $280.20M | $257.11M | $230.35M | $202.06M | $179.22M | $146.41M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $72.31M | $50.82M | $77.67M | $184.90M | $109.01M | ($32.32M) |
| Investing Cash Flow | ($206.43M) | ($104.20M) | $77.67M | ($504.04M) | ($310.83M) | ($270.69M) |
| Financing Cash Flow | $130.70M | $19.32M | ($131.08M) | $334.09M | $136.74M | $348.81M |
| CapEx | $20.37M | $1.64M | $1.67M | $1.55M | $1.98M | $1.38M |
| Free Cash Flow | $51.94M | $49.19M | $76.00M | $183.35M | $107.03M | ($33.70M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | 981.6% | 1161.3% | 1575.9% | 1870.5% |
| EBITDA margin | - | - | 1038.0% | 1239.8% | 1665.7% | 1975.6% |
| Net margin | - | - | 781.7% | 930.9% | 1243.3% | 1473.3% |
| Free cash flow margin | - | - | 1647.8% | 5756.6% | 3556.8% | -1264.4% |
| FCF / Net income | 1.56 | 1.40 | 2.11 | 6.18 | 2.86 | -0.86 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | 283.4% | 337.3% | 358.6% | 392.9% |
| Effective tax rate | 18.9% | 15.8% | 20.4% | 19.8% | 21.1% | 21.2% |
| Return on assets | 1.0% | 1.2% | 1.2% | 1.1% | 1.6% | 1.9% |
| Return on equity | 10.8% | 11.8% | 13.6% | 12.8% | 15.1% | 17.1% |
| Return on invested capital | - | - | - | 7.1% | 12.9% | 9.9% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | 0.81 | 0.17 | 0.72 |
| Debt / Assets | - | - | - | 0.07 | 0.02 | 0.08 |
| Debt / EBITDA | - | - | - | 4.72 | 0.85 | 3.15 |
| Interest coverage | - | - | 1.0x | 2.6x | 4.9x | 3.4x |
| Equity multiplier | 10.39 | 10.24 | 11.24 | 11.36 | 9.24 | 9.19 |
| Liabilities / Assets | 0.90 | 0.90 | 0.91 | 0.91 | 0.89 | 0.89 |
| Efficiency | ||||||
| Asset turnover | - | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 9.6x | 9.4x | 8.1x | 9.0x | 7.8x | 6.1x |
| P / B | 1.0x | 1.1x | 1.1x | 1.1x | 1.2x | 0.5x |
| P / S | - | - | 62.3x | 82.7x | 95.3x | 44.8x |
| EV / EBITDA | 6.5x | 6.6x | 4.6x | 10.3x | 6.0x | 3.7x |
| Growth | ||||||
| Revenue growth (YoY) | - | - | 44.8% | 5.8% | 12.9% | 52.7% |
| Revenue CAGR (3y) | - | - | 20.1% | 22.2% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -1.1% | -8.2% | 22.4% | -22.0% | -4.9% | 77.2% |
| Net income growth (YoY) | -4.8% | -2.9% | 21.6% | -20.8% | -4.7% | 72.8% |
| EPS growth (YoY) | -1.6% | -4.4% | 23.2% | -14.4% | -3.7% | -10.5% |
| EPS CAGR (3y) | 5.1% | 0.3% | 0.6% | -9.6% | -11.8% | 1.6% |
| EPS CAGR (5y) | -0.9% | -2.7% | -6.2% | -2.9% | 4.2% | 8.9% |
| FCF growth (YoY) | 5.6% | -35.3% | -58.5% | 71.3% | - | - |
| FCF CAGR (5y) | - | 48.9% | 33.9% | 67.1% | - | - |
| Book value growth (YoY) | 4.0% | 11.8% | 14.2% | -6.4% | 7.6% | 14.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$4.61M totalDebit Card$3.20M · 69.4%
Bank Servicing$1.41M · 30.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Savings Institutions, Not Federally Chartered
Comparing FS Bancorp against the 5 most active filers in the same SIC group.
Dividends
$1.36/share trailing 12 months · +23.6% YoY
| Ex-date | Per share |
|---|---|
| May 7, 2026 | $0.2900 |
| Feb 6, 2026 | $0.2900 |
| Nov 6, 2025 | $0.2800 |
| Aug 7, 2025 | $0.5000 |
| May 8, 2025 | $0.2800 |
| Feb 6, 2025 | $0.2800 |
| Nov 7, 2024 | $0.2700 |
| Aug 7, 2024 | $0.2700 |
| May 8, 2024 | $0.2600 |
| Feb 7, 2024 | $0.2600 |
| Nov 8, 2023 | $0.2500 |
| Aug 9, 2023 | $0.2500 |
| May 10, 2023 | $0.2500 |
| Feb 8, 2023 | $0.2500 |
| Nov 8, 2022 | $0.2000 |
| Aug 10, 2022 | $0.2000 |
| May 11, 2022 | $0.3000 |
| Feb 9, 2022 | $0.2000 |
| Nov 9, 2021 | $0.1500 |
| Jul 22, 2021 | $0.1400 |
| May 5, 2021 | $0.1350 |
| Feb 10, 2021 | $0.1300 |
| Nov 5, 2020 | $0.1050 |
| Aug 5, 2020 | $0.1050 |