NASDAQ : FSBW
FS Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 44.03 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 340.78M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 188.44M | 181.88M | 170.86M | 154.94M | 111.65M | 90.74M |
| Interest Income on Investments | 14.76M | 15.37M | 13.98M | 12.25M | 7.05M | 5.64M |
| Total Interest Income | 203.20M | 197.25M | 184.84M | 167.19M | 118.69M | 96.37M |
| Interest Paid on Deposits | 57.88M | 57.67M | 53.16M | 36.75M | 9.42M | 6.93M |
| Interest Paid on Borrowings | 10.81M | 9.17M | 8.57M | 7.14M | 4.99M | 2.80M |
| Total Interest Expense | 68.70M | 66.84M | 61.73M | 43.89M | 14.41M | 9.72M |
| Net Interest Income | 134.50M | 130.41M | 123.11M | 123.30M | 104.28M | 86.65M |
| Gain (Loss) on Sale of Assets | 8.36M | |||||
| Gain (Loss) on Sale of Investments | 11.00K | -7.84M | ||||
| Other Non-Interest Income | 13.84M | 14.00M | 12.48M | 13.78M | 10.19M | 6.43M |
| Total Non-Interest Income | 22.46M | 22.28M | 21.56M | 20.49M | 18.11M | 37.51M |
| Revenues Before Loan Losses | 156.96M | 152.68M | 144.66M | 143.79M | 122.39M | 124.16M |
| Provision for Loan Losses | 12.26M | 9.55M | 5.51M | 4.77M | 6.22M | 500.00K |
| Revenue | 144.70M | 143.14M | 139.15M | 139.02M | 116.17M | 123.66M |
| Salaries and Employee Benefits | 60.09M | 55.53M | 53.29M | 51.61M | 45.66M | 46.50M |
| Federal Deposit Insurance | 2.41M | 2.31M | 2.00M | 2.39M | 1.22M | 636.00K |
| Amortization of Goodwill & Intangibles | 3.02M | 3.19M | 3.63M | 3.46M | 691.00K | 691.00K |
| Selling, General & Administrative | 23.48M | 23.09M | 22.47M | 19.17M | 17.25M | 16.88M |
| Other Non-Interest Expense | 17.87M | 17.84M | 16.21M | 15.64M | 13.46M | 13.59M |
| Total Non-Interest Expense | 106.87M | 101.96M | 97.61M | 92.14M | 78.29M | 78.30M |
| EBT Excluding Unusual Items | 37.83M | 41.17M | 41.54M | 46.88M | 37.88M | 45.36M |
| Asset Writedown | 33.00K | -54.00K | 38.00K | -48.00K | 1.00K | 2.06M |
| Other Unusual Items | 1.66M | |||||
| Pretax Income | 36.35M | 41.12M | 41.58M | 45.27M | 36.99M | 47.42M |
| Income Tax Expense | 7.24M | 7.77M | 6.56M | 9.22M | 7.34M | 10.01M |
| Net Income | 29.11M | 33.35M | 35.02M | 36.05M | 29.65M | 37.41M |
| Preferred Dividends & Other Adjustments | 566.00K | 566.00K | 572.00K | 578.00K | 554.00K | 611.00K |
| Net Income to Common | 28.55M | 32.78M | 34.45M | 35.48M | 29.09M | 36.80M |
| Basic Shares Outstanding | 7.55M | 7.53M | 7.70M | 7.66M | 7.75M | 8.22M |
| Diluted Shares Outstanding | 7.69M | 7.64M | 7.89M | 7.78M | 7.87M | 8.42M |
| EPS (Basic) | 3.78 | 4.35 | 4.48 | 4.63 | 3.75 | 4.48 |
| EPS (Diluted) | 3.71 | 4.29 | 4.36 | 4.56 | 3.70 | 4.37 |
| Dividend Per Share | 1.15 | 1.12 | 1.06 | 1.00 | 0.80 | 0.56 |
| Effective Tax Rate | 19.91% | 18.91% | 15.77% | 20.36% | 19.84% | 21.11% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.95M | 28.22M | 31.64M | 65.69M | 41.44M | 26.49M |
| Investment Securities | 379.92M | 148.32M | 124.17M | 224.31M | 172.47M | 200.00M |
| Trading Asset Securities | 2.18M | 7.62M | 6.82M | 10.14M | 2.79M | |
| Mortgage-Backed Securities | 173.57M | 167.19M | 101.25M | 69.97M | 89.40M | |
| Total Investments | 379.92M | 324.07M | 298.98M | 332.38M | 252.57M | 292.19M |
| Gross Loans | 3.04B | 2.66B | 2.54B | 2.44B | 2.23B | 1.76B |
| Allowance for Loan Losses | -36.46M | -31.94M | -31.87M | -31.53M | -27.99M | -25.64M |
| Other Adjustments to Gross Loans | -8.60M | -8.00M | -8.40M | -7.80M | -4.90M | |
| Net Loans | 3.01B | 2.62B | 2.50B | 2.40B | 2.19B | 1.73B |
| Property, Plant & Equipment | 56.95M | 49.85M | 35.13M | 37.20M | 31.34M | 31.15M |
| Goodwill | 3.59M | 3.59M | 3.59M | 3.59M | 2.31M | 2.31M |
| Other Intangible Assets | 13.53M | 10.52M | 13.71M | 17.34M | 3.37M | 4.06M |
| Loans Held for Sale | 22.82M | 43.70M | 27.84M | 25.67M | 20.09M | 125.81M |
| Accrued Interest Receivable | 16.90M | 14.61M | 13.88M | 14.01M | 11.14M | 7.59M |
| Other Current Assets | 3.26M | 3.26M | ||||
| Long-Term Deferred Tax Assets | 9.47M | 6.99M | 7.06M | 6.72M | 6.67M | |
| Other Real Estate Owned & Foreclosed | 570.00K | |||||
| Other Long-Term Assets | 105.07M | 80.88M | 79.78M | 66.47M | 61.91M | 63.47M |
| Total Assets | 3.68B | 3.20B | 3.03B | 2.97B | 2.63B | 2.29B |
| Interest Bearing Deposits | 2.11B | 1.40B | 1.11B | 1.34B | 1.28B | 1.16B |
| Institutional Deposits | 617.59M | 588.64M | 508.91M | 289.01M | 173.72M | |
| Non-Interest Bearing Deposits | 758.69M | 658.12M | 638.16M | 670.83M | 554.17M | 580.75M |
| Total Deposits | 2.87B | 2.67B | 2.34B | 2.52B | 2.13B | 1.92B |
| Short-Term Borrowings | 838.00K | 8.06M | 90.76M | 38.00K | 155.00K | |
| Current Portion of Long-Term Debt | 76.81M | 3.90M | ||||
| Current Portion of Leases | 1.99M | |||||
| Long-Term Debt | 45.73M | 49.66M | 49.59M | 49.53M | 49.46M | 49.39M |
| Federal Home Loan Bank Debt, Long-Term | 373.50M | 52.50M | 299.81M | 186.53M | 42.53M | |
| Long-Term Leases | 7.90M | 3.90M | 5.56M | 6.85M | 6.47M | 4.79M |
| Long-Term Deferred Tax Liabilities | 1.18M | |||||
| Other Long-Term Liabilities | 49.11M | 29.82M | 30.98M | 34.83M | 30.96M | 25.09M |
| Total Liabilities | 3.34B | 2.89B | 2.73B | 2.71B | 2.40B | 2.04B |
| Common Stock | 79.00K | 75.00K | 78.00K | 78.00K | 77.00K | 82.00K |
| Additional Paid-In Capital | 57.70M | 43.25M | 55.72M | 57.36M | 55.19M | 67.96M |
| Retained Earnings | 294.41M | 280.20M | 257.11M | 230.35M | 202.06M | 179.22M |
| Comprehensive Income & Other | -18.98M | -15.83M | -17.14M | -23.31M | -25.63M | 252.00K |
| Shareholders' Equity | 333.21M | 307.69M | 295.77M | 264.49M | 231.70M | 247.51M |
| Total Liabilities & Equity | 3.68B | 3.20B | 3.03B | 2.97B | 2.63B | 2.29B |
| Total Debt | 427.13M | 185.69M | 363.02M | 151.03M | 242.50M | 96.87M |
| Net Cash (Debt) | -383.19M | -155.29M | -322.04M | -54.35M | -186.21M | -57.05M |
| Net Cash Per Share | -49.84 | -20.32 | -40.80 | -6.99 | -23.65 | -6.78 |
| Filing Date Shares Outstanding | 7.74M | 7.40M | 7.66M | 7.70M | 7.62M | 7.97M |
| Total Common Shares Outstanding | 7.74M | 7.40M | 7.73M | 7.70M | 7.62M | 8.05M |
| Book Value Per Share | 43.05 | 41.55 | 38.26 | 34.36 | 30.42 | 30.75 |
| Tangible Book Value | 316.09M | 293.58M | 278.46M | 243.55M | 226.02M | 241.13M |
| Tangible Book Value Per Share | 40.84 | 39.65 | 36.02 | 31.64 | 29.67 | 29.96 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 33.35M | 35.02M | 36.05M | 29.65M | 37.41M | |
| Depreciation & Amortization | 11.94M | 10.57M | 12.65M | 14.00M | 15.18M | |
| Gain (Loss) on Sale of Assets | 39.00K | -8.36M | -148.00K | 9.00K | ||
| Gain (Loss) on Sale of Investments | 7.84M | |||||
| Total Asset Writedown | 54.00K | -38.00K | 48.00K | -1.00K | -2.06M | |
| Provision for Credit Losses | 9.01M | 5.51M | 4.77M | 6.22M | 500.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 33.24M | 35.66M | 34.34M | 141.50M | 90.67M | |
| Accrued Interest Receivable | -733.00K | 124.00K | -2.33M | -3.55M | -564.00K | |
| Change in Other Net Operating Assets | 1.08M | 2.75M | -1.40M | 4.74M | -5.16M | |
| Other Operating Activities | -9.58M | -31.51M | -1.61M | -1.72M | 884.00K | |
| Operating Cash Flow | 72.31M | 50.82M | 77.67M | 184.90M | 109.01M | |
| Capital Expenditures | -20.37M | -1.64M | -1.67M | -1.55M | -1.98M | |
| Cash Acquisitions | 336.16M | |||||
| Investment in Securities | -24.61M | 31.72M | -78.19M | 3.06M | -98.54M | |
| Purchase / Sale of Intangibles | 16.31M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -172.41M | -137.27M | -187.84M | -501.04M | -213.05M | |
| Other Investing Activities | 10.96M | -13.33M | 9.21M | -4.52M | 2.74M | |
| Investing Cash Flow | -206.43M | -104.20M | 77.67M | -504.04M | -310.83M | |
| Long-Term Debt Issued | 949.94M | 967.77M | 2.16B | 3.00B | 198.24M | |
| Long-Term Debt Repaid | -1.13B | -753.71M | -2.26B | -2.86B | -282.19M | |
| Net Debt Issued (Repaid) | -178.50M | 214.06M | -92.78M | 144.00M | -83.95M | |
| Issuance of Common Stock | 1.22M | 1.07M | 1.02M | 1.07M | ||
| Repurchase of Common Stock | -15.89M | -2.89M | -578.00K | -15.82M | -14.17M | |
| Common Dividends Paid | -10.26M | -8.27M | -7.76M | -7.10M | -4.60M | |
| Net Increase (Decrease) in Deposit Accounts | 334.19M | -183.03M | -30.70M | 211.94M | 241.54M | |
| Other Financing Activities | -57.00K | -1.63M | -273.00K | -2.08M | ||
| Financing Cash Flow | 130.70M | 19.32M | -131.08M | 334.09M | 136.74M | |
| Net Cash Flow | -3.42M | -34.06M | 24.25M | 14.95M | -65.08M | |
| Free Cash Flow | 51.94M | 49.19M | 76.00M | 183.35M | 107.03M | |
| Free Cash Flow Margin | 36.29% | 35.35% | 54.67% | 157.82% | 86.55% | |
| Free Cash Flow Per Share | 6.79 | 6.23 | 9.77 | 23.29 | 12.71 | |
| Cash Interest Paid | 65.15M | 63.06M | 38.74M | 10.97M | 8.17M | |
| Cash Income Tax Paid | 184.00K | 2.37M | 10.40M | 4.69M | 11.08M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 341.87M | 305.30M | 316.71M | 284.44M | 253.67M | 270.81M |
| Last Close Price | 44.17 | 40.33 | 38.88 | 34.01 | 29.81 | 29.10 |
| PE Ratio | 11.89 | 9.31 | 9.19 | 8.02 | 8.72 | 7.36 |
| PS Ratio | 2.36 | 2.13 | 2.28 | 2.05 | 2.18 | 2.19 |
| PB Ratio | 1.03 | 0.99 | 1.07 | 1.07 | 1.09 | 1.09 |
| P/FCF Ratio | 3.48 | 5.88 | 6.44 | 3.74 | 1.38 | 2.53 |
| P/OCF Ratio | 2.90 | 4.22 | 6.23 | 3.66 | 1.37 | 2.48 |
| Debt / Equity Ratio | 1.28 | 0.60 | 1.23 | 0.57 | 1.05 | 0.39 |
| Debt / FCF Ratio | 3.58 | 7.38 | 1.99 | 1.32 | 0.91 | |
| Net Debt / Equity Ratio | 1.15 | 0.51 | 1.09 | 0.20 | 0.80 | 0.23 |
| Net Debt / FCF Ratio | 2.99 | 6.55 | 0.71 | 1.02 | 0.53 | |
| Return on Equity (ROE) | 9.19% | 11.05% | 12.50% | 14.53% | 12.37% | 15.67% |
| Return on Assets (ROA) | 0.85% | 1.07% | 1.17% | 1.29% | 1.21% | 1.70% |
| Earnings Yield | 8.41% | 10.92% | 11.06% | 12.68% | 11.69% | 13.81% |
| FCF Yield | 28.70% | 17.01% | 15.53% | 26.72% | 72.28% | 39.52% |
| Dividend Yield | 2.63% | 2.72% | 2.59% | 2.71% | 2.40% | 1.66% |
| Payout Ratio | 31.23% | 30.77% | 23.60% | 21.54% | 23.93% | 12.30% |
| Buyback Yield / Dilution | 0.91% | 3.16% | -1.52% | 1.25% | 6.47% | 2.38% |
| Total Shareholder Return | 3.53% | 5.88% | 1.07% | 3.95% | 8.87% | 4.04% |