FS Bancorp, Inc. FSBW

44.18 (0.08) (0.18%) as of 25 Sep
Market cap
$347.9M
P/E
10.0×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 0.41
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — 2 — — — — — — — — 3 —
Insider Ownership 8.72%

Capital & Financial Ratios

Market Cap 347.94
Revenue 224.28
Net Income 33.36
Free Cash Flow 98.12
Net Debt 344.48
Current Ratio 1.10
Debt/Equity 1.17
P/E ratio 10.00
P/S ratio 1.45
P/B ratio 1.02
Past 5Y EPS Growth 11.76%
This Y EPS Growth 1.17%
Next Y EPS Growth 7.53%
Next 5Y EPS Growth 3.90%
in millions of $

Dividends

Payout Ratio 0.21
Annual Dividend Rate 1.00
Annual Dividend Yield 3.11%
total individual payouts
2027 Powerpack
2026 1.17
0.29
0.29
0.29
2025 1.34
0.28
0.28
0.22
0.28
2024 1.06
0.26
0.26
0.27
0.27
2023 1.00
0.25
0.25
0.25
0.25
2022 0.80
0.20
0.20
0.20
0.20
2021 0.56
0.13
0.14
0.14
0.15
2020 0.42
0.11
0.11
0.11
0.11
2019 0.33
0.08
0.08
0.08
0.10
2018 0.27
0.06
0.07
0.07
0.07
2017 0.22
0.05
0.06
0.06
0.06
2016 0.19
0.04
0.05
0.05
0.05
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 90 33 28 30
Receivables — — — —
Inventory — — — —
Other — — — —
2,531 2,577 2,710 2,704
2023 2024 2025 Q'26
Payables 2,522 2,339 2,674 2,449
ST’ Debt — — — —
Other — — — —
2,522 2,339 2,674 2,449
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 16.11% 8.77% 17.07%
Cash Flow 0.00% 0.00% (26.87%)
Earnings 13.96% (3.28%) 4.06%
Book Value 15.11% 5.99% 9.92%

Revenue

Mar Jun Sep Dec Year
’26 55 56 — — —
’25 52 54 57 57 220
’24 50 52 53 52 206
’23 44 46 48 50 188
’22 31 31 35 40 137
’21 36 32 33 33 134
’20 31 36 40 38 144
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 9 52 — — —
’25 8 7 45 12 72
’24 0 10 (1) 42 51
’23 18 24 23 13 78
’22 98 31 35 21 185
’21 18 55 26 9 109
’20 (30) (7) (63) 67 (32)
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 8 51 — — —
’25 8 6 42 (3) 52
’24 16 10 15 41 65
’23 18 24 23 12 76
’22 98 31 35 59 222
’21 18 54 28 12 110
’20 (31) 2 (63) 67 (34)
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.02 1.04 — — —
’25 1.01 0.99 1.18 1.10 4.29
’24 1.06 1.13 1.29 0.92 4.36
’23 1.04 1.16 1.13 1.23 4.56
’22 0.81 0.83 1.08 0.97 3.70
’21 1.35 0.97 0.97 1.01 4.32
’20 0.57 1.15 1.47 1.30 4.49
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
11.03 17.05 20.63 21.31 13.75 26.40 26.80 26.08 30.64 34.61

Analyst estimates 2026–2028

Powerpack
Low Price
19.41 29.00 33.20 32.21 31.92 36.85 35.30 38.70 49.15 44.22
High Price
306 326 424 452 506 536 537 574 567 581
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
62 70 89 113 144 134 137 188 206 220
Revenue
93.24% 92.98% 88.53% 82.85% 89.79% 92.74% 89.46% 76.62% 70.09% 69.55%
Gross Margin
16 21 29 28 50 47 37 45 42 41
EBT
26.15% 29.29% 32.04% 24.97% 34.57% 35.42% 27.04% 24.12% 20.15% 18.73%
EBT Margin
10 14 24 23 39 37 30 36 35 33
Net Income
5 4 5 12 14 15 14 13 11 12
Depreciation
10.63 11.35 12.05 12.76 17.04 16.29 17.64 24.51 26.81 29.16
Revenue/Sh
1.82 2.28 3.29 2.57 4.57 4.42 3.75 4.63 4.48 4.35
Earnings/Sh
0.62 2.44 2.90 1.04 (3.82) 13.26 23.84 10.14 6.60 9.60
Cash Flow/Sh
(0.62) 0.62 (0.51) (0.28) (0.16) 0.09 4.83 (0.22) 1.91 (2.71)
Capex/Sh
0.00 3.05 2.38 0.76 (3.98) 13.35 28.68 9.93 8.51 6.90
Free CF/Sh
13.99 19.71 24.34 22.68 27.18 30.12 29.88 34.54 38.42 40.87
Book Value/Sh
6 6 7 9 8 8 8 8 8 8
Shares
9.82 11.94 6.64 12.41 5.99 7.61 8.83 8.09 9.17 9.49
PE Ratio
1.68 2.40 1.78 2.50 1.61 2.06 1.87 1.53 1.53 1.41
PS Ratio
1.28 1.38 0.88 1.41 1.01 1.12 1.11 1.08 1.07 1.01
PB Ratio
1.21 2.12 2.81 2.75 2.11 2.47 3.26 1.81 3.10 2.10
EV/Sales
(10,621.71) 7.90 9.03 13.72 (35.06) 2.51 1.88 2.63 7.84 5.46
EV/FCF
4 15 21 9 (32) 109 185 78 51 72
Op' Cash Flow
(4) 4 (4) (2) (1) 1 37 (2) 15 (20)
Capex
0 19 18 7 (34) 110 222 76 65 52
FCF
(12) 26 150 86 148 (17) 141 9 238 36
Working Cap'
22 17 147 95 176 92 236 143 357 179
Total Debt
(29) (20) 92 28 72 55 190 53 324 151
Net Debt
81 122 180 200 230 248 232 264 296 308
Sh' Equity
1.39% 1.56% 1.87% 1.36% 2.02% 1.67% 1.18% 1.27% 1.15% 1.05%
ROA
19.89% 12.57% 6.88% 8.18% 10.32% 9.80% 5.62% 9.22% 4.19% 5.61%
ROIC
13.43% 13.87% 16.12% 11.95% 18.00% 15.41% 12.14% 14.30% 12.30% 10.86%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

FS Bancorp, Inc. peers in Banks Regional

All 325 Banks Regional stocks →

FS Bancorp, Inc. (FSBW) key facts

  • FS Bancorp, Inc. (FSBW) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • FS Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $219.5 million, up 6.36% from fiscal 2024.
  • As of September 25, 2026, FSBW traded at $44.18, a market capitalization of $347.9 million.
  • FS Bancorp, Inc. pays an annual dividend of $1.00 per share, a yield of 3.11%, with a payout ratio of 21.3%.
  • Return on equity was 10.9% and debt-to-equity 1.17.

Source: company filings (standardised) and stockrow calculations.

FS Bancorp, Inc. (FSBW) Latest News

News by impact score

Fine-tune

24 Aug

3

FS Bancorp, Inc. authorizes a share repurchase program. Share repurchase authorization can lift stock price via fewer shares outstanding and positive signaling to investors.

20 Aug

4

FS Bancorp completes acquisition of Pacific West Bancorp. Acquisition marks major strategic expansion for FS Bancorp.

21 Jul

3

FS Bancorp reported Q2 net income of $7.9 million or $1.04 per diluted share and declared its 54th consecutive quarterly cash dividend. Quarterly earnings with net income and dividend continuation indicate steady performance likely to produce moderate effects on valuation and sentiment.

1 Jun

3

FS Bancorp, Inc. appointed Matt Mullet as CEO. CEO appointment can shift strategy and sentiment but effects remain limited without further details on plans or background.

22 Apr

4

FS Bancorp (FSBW) Q1 earnings key metrics compared to Wall Street estimates. Q1 earnings beats or misses versus estimates significantly sway stock price, investor sentiment, and future performance outlook.

21 Apr

4

FS Bancorp, Inc. (FSBW) reported Q1 earnings that surpassed analyst estimates. Q1 earnings beat signals strong financial performance and boosts investor sentiment significantly.

4

FS Bancorp, Inc. reported first quarter net income of $7.8 million, or $1.02 per diluted share, and declared its 53rd consecutive quarterly cash dividend. Strong Q1 earnings and 53rd straight dividend declaration signal robust financial health and reliability, significantly enhancing investor sentiment and stock trajectory.

25 Feb

4

FS Bancorp, Inc. (FSBW) to merge with Pacific West Bancorp in a strategic combination expanding operations and market presence. Merger with Pacific West Bancorp constitutes a major strategic expansion likely to significantly enhance FS Bancorp's scale, assets, and competitive position.

12 Feb

3

Matthew Mullet, CEO of FS Bancorp, Inc., has been appointed to the Board of Directors for the Seattle Branch of the Federal Reserve Bank of San Francisco. This role will allow Mullet to contribute to discussions on monetary policy and economic issues affecting the region, enhancing the bank's visibility and influence in financial matters. Mullet's new position may enhance FS Bancorp's strategic insights and networking opportunities, potentially benefiting its competitive positioning.

25 Jan

3

FS Bancorp, Inc. (FSBW) has announced an increase in its dividend payout compared to the previous year, signaling a positive trend in its financial performance and commitment to returning value to shareholders. An increased dividend payout indicates financial stability and may positively influence investor sentiment.

22 Jan

3

FS Bancorp, Inc. (FSBW) reported its Q4 earnings, highlighting key financial metrics that reflect the company's performance. The results indicate growth in net income and improvements in asset quality, alongside a stable loan portfolio. The bank's strategic initiatives and operational efficiency contributed to these positive outcomes, suggesting a solid position in the market despite ongoing economic challenges. The earnings report shows moderate improvements in financial performance, which may influence investor sentiment but is balanced by external economic factors.

21 Jan

3

FS Bancorp, Inc. (FSBW) reported its Q4 earnings, which fell short of analysts' expectations. The company's performance was impacted by various factors, leading to a decline in net income compared to the previous quarter. This miss has raised concerns among investors regarding the bank's future profitability and operational efficiency. Earnings miss may affect investor sentiment and financial performance, but overall impact is expected to be limited.

3

FS Bancorp, Inc. reported its Q4 earnings, highlighting key financial metrics and performance indicators. The results showed a notable increase in net income compared to the previous quarter, driven by growth in loan origination and improved asset quality. The bank's management expressed optimism about future growth prospects and strategic initiatives aimed at enhancing operational efficiency. Overall, the earnings report reflects a positive trajectory for FS Bancorp amidst a competitive banking landscape. The earnings report indicates moderate improvements in financial performance that may influence investor sentiment and operational strategies.

3

FS Bancorp, Inc. reported a net income of $8.4 million, or $1.10 per diluted share, for the fourth quarter of 2025. Additionally, the company announced a 3.6% increase in its quarterly dividend, reflecting positive financial performance and shareholder returns. The increase in net income and dividend suggests a moderately positive influence on financial performance and market sentiment.

23 Dec

3

1st Security Bank has appointed Omeed Salashoor as the new Director of Home Lending. Salashoor brings extensive experience in the mortgage industry and is expected to enhance the bank's home lending operations and customer service. The appointment of a new director in home lending may moderately influence the bank's operations and customer engagement.

13 Dec

3

FS Bancorp, Inc. (NASDAQ:FSBW) is significantly influenced by institutional ownership, with 66% of its shares held by institutional investors. This concentration of ownership may impact the company's governance and strategic decisions, as institutional investors often have considerable sway over corporate policies and direction. The high level of institutional ownership may moderately influence FS Bancorp's strategic decisions and market sentiment.

2 Nov

3

FS Bancorp, Inc. (FSBW) is approaching its ex-dividend date, prompting discussions about the potential benefits of purchasing shares before this date. Investors are weighing the advantages of receiving the upcoming dividend against the risks associated with stock price fluctuations. The article highlights the importance of understanding dividend yields and the timing of investments in relation to dividend announcements. The upcoming ex-dividend date may influence investor sentiment and short-term stock performance.

27 Oct

3

FS Bancorp, Inc. has authorized an additional $5 million for share repurchases, reflecting the company's commitment to returning value to shareholders. This decision follows previous repurchase programs and is part of a broader strategy to enhance shareholder returns amid favorable market conditions. The share repurchase program is expected to moderately influence investor sentiment and financial performance.

22 Oct

3

FS Bancorp, Inc. (FSBW) reported a decline in its net profit margin, raising concerns about its future performance despite indications of value in the stock. The decrease in profitability suggests potential challenges ahead, leading to a cautious outlook among investors and analysts. The decline in net profit margin may moderately influence financial performance and market sentiment.

21 Oct

4

FS Bancorp, Inc. (FSBW) reported Q3 earnings and revenues that exceeded analysts' expectations, showcasing strong financial performance. The bank's results reflect effective management strategies and a solid operational framework, contributing to positive investor sentiment. This performance positions FS Bancorp favorably in the competitive banking landscape. Strong earnings and revenue growth can significantly enhance investor confidence and market positioning.

4

FS Bancorp, Inc. reported its Q3 earnings, showcasing a notable increase in net income compared to the previous year. The bank's performance was driven by growth in loans and deposits, alongside improved net interest margins. Additionally, the company highlighted its strategic initiatives aimed at enhancing operational efficiency and customer service. Overall, the results reflect a positive trajectory for FS Bancorp amidst a competitive banking landscape. The significant increase in net income and strategic initiatives indicate a strong potential for future growth and improved market positioning.

3

FS Bancorp, Inc. reported a net income of $9.2 million for the third quarter, translating to $1.18 per diluted share. The company also declared its 51st consecutive quarterly cash dividend, reflecting its commitment to returning value to shareholders. Consistent profitability and dividend payments indicate stable financial performance, but do not signal a transformative change.

13 Oct

3

FS Bancorp, Inc. (FSBW) is currently being analyzed for potential undervaluation by investors. Analysts suggest that the company's financial metrics and market position may not be fully appreciated, indicating a possible opportunity for investment. The discussion includes various factors influencing the stock's performance and investor sentiment, highlighting the importance of market conditions and company fundamentals in assessing value. Current analysis indicates a moderately noticeable influence on investor sentiment and potential financial performance.

26 Sep

3

FS Bancorp, Inc. (FSBW) is currently being evaluated for its potential undervaluation in the stock market. Analysts are considering various financial metrics and market conditions to determine if the stock presents a buying opportunity. Factors such as recent performance, market trends, and comparisons with industry peers are being analyzed to assess the company's future prospects and investment potential. Current evaluations suggest a moderately noticeable influence on FS Bancorp's financial performance and market positioning.

10 Sep

3

FS Bancorp, Inc. (FSBW) is currently being evaluated for its value as a stock. Analysts are assessing its financial metrics, market position, and growth potential to determine if it represents a good investment opportunity at this time. Various factors, including recent performance and market conditions, are influencing this evaluation. Current evaluations suggest a moderately noticeable influence on FS Bancorp's financial performance and market sentiment.

4 Sep

4

FS Bancorp, Inc. (NASDAQ:FSBW) has delivered a 20% compound annual growth rate (CAGR) to its shareholders over the past five years, reflecting strong financial performance and effective management strategies. The company's consistent growth trajectory highlights its resilience and ability to navigate market challenges, positioning it favorably for future opportunities. The significant CAGR indicates strong financial health and potential for continued growth, which could influence investor sentiment and market performance.

25 Aug

3

FS Bancorp, Inc. (FSBW) is being evaluated for its potential as a value investment. Analysts are considering the company's financial health, market position, and growth prospects. Key metrics such as earnings, dividends, and valuation ratios are analyzed to determine if the stock is undervalued compared to its peers. The overall sentiment among investors and market analysts is mixed, with some seeing potential upside while others express caution due to market conditions. The analysis indicates a moderately noticeable influence on FS Bancorp's financial performance and market sentiment.

21 Aug

3

FS Bancorp, Inc. has appointed a new CEO, marking a significant leadership change for the company. The transition is expected to influence the strategic direction and operational focus of the bank, as the new CEO brings a fresh perspective to the role. This leadership shift is part of the company's ongoing efforts to adapt to the evolving financial landscape in Washington. Leadership changes can moderately influence company strategy and performance.

15 Aug

3

FS Bancorp, Inc. has announced a CEO succession plan, indicating a transition in leadership. The current CEO, who has been with the company for several years, will be succeeded by a new leader to ensure continued growth and strategic direction. This change is part of the company's long-term planning to adapt to evolving market conditions and enhance operational effectiveness. Leadership transitions can moderately influence company performance and market sentiment.

8 Aug

3

FS Bancorp, Inc. (FSBW) is currently being analyzed for potential undervaluation by investors. The company's financial metrics and market position suggest that it may be trading below its intrinsic value. Analysts are considering various factors, including recent performance trends and market conditions, to determine if this presents a buying opportunity for investors. The discussion includes insights into the company's growth prospects and competitive landscape, indicating that there may be significant upside potential if the market recognizes its true value. Current analysis indicates that while there are positive indicators for growth, the overall impact on the company's trajectory remains limited.

stockrow.com/FSBW · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com