FS Bancorp, Inc.
FSBW Nasdaq· Savings Institutions, Not Federally Chartered
Last close · Oct 23, 2026
$43.88
KIRA · Stoqly’s AI analyst, in plain words
- FS Bancorp, Inc. had $153M of revenue in fiscal 2025, up 5.5% on the year before. Over five years, revenue changed +124.7% a year on average.
- FS Bancorp, Inc. made $33.3M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 2.3% a year.
- FS Bancorp, Inc. returned $25.7M to shareholders in fiscal 2025, 49% of free cash flow. The diluted share count fell 3.2%.
- It earned 11.1% on shareholders’ money. Running costs took 66.8% of revenue (the efficiency ratio; lower is better).
Market cap
$328M
P/E
10.1x
Revenue
$153M
Net income
$33.3M
Return on equity
11.1%
Efficiency ratio
66.8%
FS Bancorp, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+5.5%
Yes. Sales grew 5.5% last year.
Does it make a profit?
21.8%
Yes. It keeps 21.8% of every sale as profit.
How lean are its costs?
66.8%
Costly. Running costs take 66.8% of revenue.
How much does it earn on its capital?
11.1%
Fair. It earns 11.1% a year on shareholders’ money.
How is the share priced?
10.1x
One share costs 10.1 times its yearly profit per share.
What FS Bancorp, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 13, 2026
- Legal name
- FS Bancorp, Inc.
- CIK
- 0001530249
FS Bancorp, Inc. · FSBW
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.0M | $3.2M | $4.6M | $145M | $153M |
| Revenue growth | 12.9% | 5.8% | 44.8% | 3,036.6% | 5.5% |
| Net interest income | $86.6M | $104M | $123M | $123M | $130M |
| Net income | $37.4M | $29.6M | $36.1M | $35.0M | $33.3M |
| Net margin | 1,243.3% | 930.9% | 781.7% | 24.2% | 21.8% |
| Diluted EPS | $4.37 | $3.70 | $4.56 | $4.36 | $4.29 |
| Cash | |||||
| Cash from operations | $109M | $185M | $77.7M | $50.8M | $72.3M |
| Capital expenditure | $2.0M | $1.6M | $1.7M | $1.6M | $20.4M |
| Free cash flow | $107M | $183M | $76.0M | $49.2M | $51.9M |
| FCF margin | 3,556.8% | 5,756.6% | 1,647.8% | 34.0% | 34.0% |
| Dividends paid | $4.6M | $7.1M | $7.8M | $8.3M | $10.3M |
| Share buybacks | $14.0M | $15.6M | $0.2M | $2.5M | $15.4M |
| Share count change | −2.4% | −6.5% | −1.2% | 1.5% | −3.2% |
| Debt and strength | |||||
| Cash and short-term investments | $26.5M | $41.4M | $65.7M | $31.6M | $28.2M |
| Debt incl. finance leases | $42.5M | $373M | $93.7M | $308M | $129M |
| Loans, net | — | $2.2B | $2.4B | $2.5B | $2.6B |
| Deposits | $1.9B | $2.1B | $2.5B | $2.3B | $2.7B |
| Shareholders' equity | $248M | $232M | $264M | $296M | $308M |
| Returns and quality | |||||
| Return on equity | 15.7% | 12.4% | 14.5% | 12.5% | 11.1% |
| Return on tangible equity | 15.3% | 12.9% | 14.6% | 12.4% | 11.2% |
| Efficiency ratio | 2,533.8% | 2,486.1% | 2,032.7% | 67.4% | 66.8% |
| Piotroski F-score | 6 | 4 | 7 | 4 | 6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.4M
3 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Net income:
- Profit after all expenses, interest and tax.
- Efficiency ratio:
- Noninterest expense as a share of revenue. Lower is better for banks.
- Return on equity:
- Net income as a share of average shareholders' equity.
- Return on tangible equity:
- Net income to common over equity minus goodwill and intangibles.
- Diluted EPS:
- Net income per diluted share.
FS Bancorp, Inc. · FSBW
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Return on equity and efficiency ratio
Loans and deposits
Dividends and buybacks
Diluted EPS
KIRA
At $43.88 a share, the company is worth $328M: 10.1 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001530249). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.