FS Bancorp, Inc.

FS Bancorp, Inc.

FSBWยทNASDAQ

$40.27

-3.0%
Financial ServicesBanks - Regional

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. 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, second mortgage/home equity loan products, non-mortgage commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which primarily include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. As of December 31, 2021, it operated 21 full bank service branches and 10 home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Jefferson, Kitsap, Clallam, Grays Harbor, Thurston, and Lewis counties; and one loan production office in the market area of the Tri-Cities. The company was founded in 1936 and is headquartered in Mountlake Terrace, Washington.

At a Glance

Live Snapshot
Market Cap$298.58M
EPS4.3400
P/E Ratio9.28
Earnings Date07/28/2026
3Y-61.0%
5Y-324.0%
10Y+1915.0%
3Y-59.0%
5Y-24.0%
10Y-488.0%
3Y-61.0%
5Y-63.0%
10Y-391.0%
FSBW

FS Bancorp, Inc. Cash Conversion Engine

FSBW ยท NASDAQ
Net Income33.35M
Depreciation & Amortization11.94M
Stock-Based Compensation2.25M
Change in Working Capital350.00K
Others24.72M
Capital Expenditures-20.37M
Free Cash Flow51.94M

Cash Flow Quality Analysis

FCF Conversion Rate

155.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

28.2%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+5.6%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

+$350.00K

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

FS Bancorp, Inc. Cash Flow Statement

FSBW โ€ข NASDAQ

FS Bancorp, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2007Dec 2006
OPERATING ACTIVITIES
33.3M
35M
36.1M
29.6M
37.4M
39.3M
22.7M
24.3M
14.1M
10.5M
8.9M
4.5M
3.9M
5.3M
1.5M
1.6M
-4.6M
-4.1M
1.2M
11.9M
10.6M
12.6M
14M
15.2M
13.6M
12M
5.3M
3.9M
5.2M
2.4M
2.7M
2.2M
972K
847K
907K
1M
796.6K
652.4K
-294K
-4.3M
-693K
-844K
1.8M
-2.4M
988K
768K
-718K
206K
501K
1.1M
1.9M
-2.2M
536K
552K
0.0
-1.3M
546.1K
2.3M
1.8M
2M
2M
3.2M
2.3M
2.4M
2M
2.1M
1.6M
1.4M
929K
442K
285K
0.0
0.0
0.0
0.0
0.0
24.7M
4.9M
31.4M
138.9M
57.2M
-95.2M
-21.7M
-9.6M
-5.7M
-9.3M
-20.7M
-15.4M
-2.5M
-6.5M
2.8M
2M
6.1M
2.1M
-863.3K
(184K)
(2.4M)
(10.4M)
(4.7M)
(11.1M)
(11.7M)
(4.4M)
(2.9M)
(8.1M)
(6.1M)
(4M)
(593K)
(260K)
(60K)
(0.0)
(0.0)
(0.0)
(0.0)
(39K)
350K
2.9M
-3.7M
1.2M
-5.7M
10.1M
-7.2M
-1.3M
1.4M
-4.7M
431K
2M
45K
1.4M
-478K
282K
-1.3M
2.8M
880.2K
72.3M
50.8M
77.7M
184.9M
109M
-32.3M
9.2M
21.4M
15.1M
3.6M
-7.1M
-4M
6.1M
-759K
4.7M
5.4M
1.2M
335.8K
2.5M
INVESTING ACTIVITIES
(0.0)
-1.6M
-1.7M
-1.6M
-2M
-1.4M
-2.5M
-3.8M
-1M
-3.6M
-1.5M
-873K
-2.1M
-3.6M
-1.4M
-1.6M
-200K
-3.1M
-2.5M
(0.0)
(0.0)
(336.2M)
(0.0)
(0.0)
(0.0)
(0.0)
(23.8M)
(0.0)
(180.4M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-110.3M
-76M
-24M
-130.1M
-106.9M
-61.3M
-31.3M
-47.3M
-55.8M
-17.4M
-22.7M
-29.3M
-32M
-21.5M
-7.3M
(0.0)
(0.0)
(0.0)
0.0
119.6M
17.3M
21.2M
29.9M
50.2M
34.8M
34.6M
46.7M
27.7M
10.6M
31.3M
14M
16.4M
2.7M
158K
2.3M
11.3M
1.5M
-206.4M
-111.8M
-198.1M
-499.7M
-208.6M
-212.6M
-26.3M
-210.2M
-167.8M
-95.4M
-131.4M
-107.6M
-14.4M
-61.5M
10M
1.1M
-21.4M
-19.9M
-1.7M
-206.4M
-104.2M
(77.7M)
-504M
-310.8M
-270.7M
-55.2M
-187M
-169.4M
(53.3M)
-139.8M
-99.9M
-31.7M
-80.8M
-10.2M
-7.6M
-19.3M
-11.8M
-2.7M
FINANCING ACTIVITIES
-14.3M
-2.9M
-578K
-15.8M
-14.2M
-9.8M
-4.8M
-251K
25.3M
-4.9M
-101K
-2.2M
0.0
31.2M
0.0
0.0
0.0
0.0
0.0
-178.5M
214.1M
-92.8M
144M
-83.9M
80.9M
-52.5M
92.9M
-5.1M
-86.1M
91.7M
370K
9.8M
-2.1M
-13M
-4M
16.5M
6.4M
3M
-10.3M
-8.3M
-7.8M
-7.1M
-4.6M
-3.6M
-2.9M
-1.9M
-1.3M
-1.1M
-826K
-704K
-451K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-15.4M
-2.9M
-578K
-15.8M
-14.2M
-9.8M
-4.8M
-251K
-275K
-4.9M
-101K
-2.2M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
333.7M
-183.6M
-30M
213M
239.5M
281.2M
119.2M
88.7M
117.9M
47.2M
64.7M
83.6M
47.9M
39.9M
2.5M
13M
15.7M
4M
-4M
130.7M
19.3M
-131.1M
334.1M
136.7M
348.8M
59M
179.4M
136.8M
-44.8M
155.7M
81M
57.3M
69.1M
-10.5M
9M
32.2M
10.4M
-996.2K
CASH FLOW SUMMARY
-3.4M
-34.1M
24.3M
14.9M
-65.1M
45.8M
13M
13.9M
-17.5M
12M
8.9M
-22.9M
31.7M
-12.5M
-16M
6.7M
14.1M
-967.8K
-1.3M
31.6M
65.7M
41.4M
26.5M
91.6M
45.8M
32.8M
18.9M
36.5M
24.5M
15.6M
38.5M
6.8M
19.3M
35.3M
28.5M
14.5M
6.4M
7.7M
28.2M
31.6M
65.7M
41.4M
26.5M
91.6M
45.8M
32.8M
18.9M
36.5M
24.5M
15.6M
38.5M
6.8M
19.3M
35.3M
28.5M
5.5M
6.4M
51.9M
49.2M
76M
183.3M
107M
-33.7M
6.7M
17.6M
14.1M
-7K
-8.6M
-4.9M
4M
-4.4M
3.3M
3.8M
958K
-2.8M
-74.6K

SEC Filings

FSBW - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 01, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 27, 2026
May 21, 2026
2026
10-Q/A

10-Q/A 2026 Q1 (Amended)

Q1

May 12, 2026
March 31, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 04, 2026
May 04, 2026
2026
8-K

8-K 2026

N/A

April 22, 2026
April 21, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 06, 2026
May 21, 2026
2026
10-K

10-K 2025 FY

FY

March 13, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 25, 2026
2026
8-K

8-K 2026

N/A

February 03, 2026
February 02, 2026
2026
Showing 1 to 10 of 270 filings