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+62.0%
5Y+53.0%
10Y+267.0%
3Y+12.0%
5Y-15.0%
10Y+218.0%
3Y-61.0%
5Y-324.0%
10Y+1915.0%
FS Bancorp, Inc.

FS Bancorp, Inc. Profit Bridge

FSBW ยท NASDAQ
Revenue217.51M
Cost of Goods Sold (72.76M)
Gross Profit144.75M
Operating Expenses (100.00M)
Operating Income44.74M
Interest Expense (66.84M)
Other Income/Expense-3.62M
Pretax Income41.12M
Income Tax (7.77M)
Net Income33.35M
Net Income
33.35M

Profitability Analysis

Gross Margin

66.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

20.6%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

15.3%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

18.9%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

FS Bancorp, Inc. Income Statement

FSBW โ€ข NASDAQ

FS Bancorp, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2007Dec 2006
REVENUE
217.5M
203.7M
185.3M
134.1M
131.1M
142.1M
109.6M
79M
66.5M
59.2M
47.8M
33.5M
28.8M
23.2M
17.9M
20M
19.6M
21M
21.9M
GROSS PROFIT
(72.8M)
(67.2M)
(48.7M)
(20.6M)
(10.2M)
(27.8M)
(22.2M)
(11.8M)
(5.7M)
(6.6M)
(5.9M)
(4.5M)
(4.3M)
(5.3M)
(5.4M)
(7.4M)
(11.6M)
(7.5M)
(5.8M)
144.7M
136.5M
136.6M
113.5M
120.9M
114.4M
87.4M
67.3M
60.9M
52.7M
41.8M
29M
24.4M
18M
12.5M
12.6M
8M
13.5M
16.1M
OPERATING INCOME
(100M)
(94.9M)
(91.3M)
(76.5M)
(73.4M)
(64.5M)
(59.3M)
(38.7M)
(40.3M)
(36.6M)
(28.1M)
(22.5M)
(18.5M)
(14.8M)
(10.9M)
(11M)
(12.5M)
(17.3M)
(14.3M)
(58.6M)
(58.4M)
(57.4M)
(49.8M)
(51M)
(39.5M)
(34.9M)
(29.8M)
(27.8M)
(23.2M)
(17.7M)
(14.8M)
(11.6M)
(9M)
(6.2M)
(10.7M)
(11.4M)
(15.2M)
(12.5M)
44.7M
41.6M
45.3M
37M
47.4M
49.9M
28.1M
28.6M
20.6M
16.1M
13.7M
6.5M
5.9M
3.2M
1.5M
1.6M
-4.6M
-3.9M
1.8M
PRE-TAX INCOME
(66.8M)
(61.7M)
(43.9M)
(14.4M)
(9.7M)
(14.7M)
(19.3M)
(10.2M)
(4.9M)
(4.2M)
(3.7M)
(2.7M)
(2.2M)
(2.4M)
(3M)
(3.9M)
(4.5M)
(6.9M)
(5.5M)
130.4M
123.1M
123.3M
104.3M
86.6M
74.1M
70.3M
52.1M
41.2M
33.9M
28M
22.1M
19.6M
16.4M
13.5M
13.4M
11.9M
10.7M
11.4M
(41.4M)
(36.5M)
(34M)
(26.7M)
(22.4M)
(25.1M)
(24.4M)
(8.9M)
(12.4M)
(13.4M)
(10.4M)
(7.7M)
(6.9M)
(5.7M)
(4.7M)
(359K)
(1.2M)
(2.1M)
(1.7M)
-3.6M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
41.1M
41.6M
45.3M
37M
47.4M
49.9M
28.1M
28.6M
20.6M
16.1M
13.7M
6.5M
5.9M
3.2M
1.5M
1.6M
-4.6M
-3.9M
1.8M
NET INCOME
(7.8M)
(6.6M)
(9.2M)
(7.3M)
(10M)
(10.6M)
(5.4M)
(4.2M)
(6.5M)
(5.6M)
(4.9M)
(1.9M)
(2M)
-2.1M
(0.0)
(0.0)
(0.0)
(271.5K)
(573.1K)
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

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