FSBW
FS Bancorp Inc
NASDAQ: FSBW · FINANCIAL SERVICES · BANKS - REGIONAL
$40.64
-2.10% today
Updated 2026-04-30
Market cap
$311.24M
P/E ratio
9.65
P/S ratio
2.16x
EPS (TTM)
$4.30
Dividend yield
2.76%
52W range
$36 – $44
Volume
0.0M
FS Bancorp Inc (FSBW) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.86M | $20.98M | $19.56M | $19.99M | $17.85M | $23.24M | $28.79M | $33.50M | $47.75M | $59.23M | $66.54M | $79.03M | $109.59M | $142.13M | $131.08M | $134.08M | $185.26M | $203.71M | $217.51M |
| Revenue growth (YoY) | — | -4.0% | -6.8% | +2.2% | -10.7% | +30.2% | +23.9% | +16.3% | +42.6% | +24.0% | +12.3% | +18.8% | +38.7% | +29.7% | -7.8% | +2.3% | +38.2% | +10.0% | +6.8% |
| Cost of revenue | $5.78M | $7.52M | $11.59M | $7.37M | $5.38M | $5.28M | $4.35M | $4.50M | $5.91M | $6.56M | $5.68M | $11.77M | $22.20M | $27.75M | $10.22M | $20.63M | $48.66M | $67.24M | $72.76M |
| Gross profit | $16.08M | $13.46M | $7.97M | $12.63M | $12.48M | $17.96M | $24.45M | $28.99M | $41.84M | $52.67M | $60.86M | $67.26M | $87.39M | $114.38M | $120.86M | $113.45M | $136.59M | $136.47M | $144.75M |
| Gross margin | 73.6% | 64.2% | 40.8% | 63.2% | 69.9% | 77.3% | 84.9% | 86.6% | 87.6% | 88.9% | 91.5% | 85.1% | 79.7% | 80.5% | 92.2% | 84.6% | 73.7% | 67.0% | 66.5% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $12.52M | $15.18M | $10.78M | $10.09M | $6.01M | $8.75M | $11.14M | $14.32M | $17.04M | $22.47M | $27.13M | $29.05M | $34.17M | $38.92M | $50.36M | $48.86M | $56.01M | $57.10M | $57.31M |
| Operating income | $1.82M | $-3.86M | $-4.57M | $1.60M | $1.54M | $3.20M | $5.94M | $6.47M | $13.75M | $16.10M | $20.58M | $28.57M | $28.13M | $49.85M | $47.42M | $36.99M | $45.27M | $41.58M | $44.74M |
| Operating margin | 8.3% | -18.4% | -23.4% | 8.0% | 8.7% | 13.8% | 20.6% | 19.3% | 28.8% | 27.2% | 30.9% | 36.1% | 25.7% | 35.1% | 36.2% | 27.6% | 24.4% | 20.4% | 20.6% |
| EBITDA | $2.47M | $-3.06M | $-3.57M | $2.51M | $2.39M | $4.17M | $8.16M | $9.20M | $16.18M | $21.31M | $24.52M | $33.83M | $40.16M | $63.47M | $62.60M | $50.99M | $57.92M | $52.15M | $54.95M |
| EBITDA margin | 11.3% | -14.6% | -18.3% | 12.5% | 13.4% | 17.9% | 28.3% | 27.5% | 33.9% | 36.0% | 36.8% | 42.8% | 36.6% | 44.7% | 47.8% | 38.0% | 31.3% | 25.6% | 25.3% |
| EBIT | $1.82M | $-3.86M | $-4.57M | $1.60M | $1.54M | $3.20M | $5.94M | $6.47M | $13.75M | $16.10M | $20.58M | $28.57M | $28.16M | $49.85M | $47.42M | $36.99M | $45.27M | $41.58M | $44.74M |
| Interest expense | $5.54M | $6.94M | $4.52M | $3.89M | $3.01M | $2.36M | $2.18M | $2.70M | $3.66M | $4.16M | $4.93M | $10.23M | $19.32M | $14.72M | $9.72M | $14.41M | $43.89M | $61.73M | $66.84M |
| Income tax | $573145.00 | $271547.00 | — | — | — | $-2.10M | $2.02M | $1.93M | $4.87M | $5.60M | $6.49M | $4.22M | $5.41M | $10.59M | $10.01M | $7.34M | $9.22M | $6.56M | $7.77M |
| Effective tax rate | 31.5% | -7.0% | 0.0% | 0.0% | 0.0% | -65.6% | 34.0% | 29.8% | 35.4% | 34.8% | 31.6% | 14.8% | 19.2% | 21.2% | 21.1% | 19.8% | 20.4% | 15.8% | 18.9% |
| Net income | $1.25M | $-4.13M | $-4.57M | $1.60M | $1.54M | $5.29M | $3.92M | $4.54M | $8.88M | $10.50M | $14.09M | $24.35M | $22.72M | $39.26M | $37.41M | $29.65M | $36.05M | $35.02M | $33.35M |
| Net income growth (YoY) | — | -431.5% | -10.8% | +135.0% | -3.6% | +242.7% | -26.0% | +15.8% | +95.5% | +18.3% | +34.2% | +72.9% | -6.7% | +72.8% | -4.7% | -20.8% | +21.6% | -2.9% | -4.8% |
| Profit margin | 5.7% | -19.7% | -23.4% | 8.0% | 8.7% | 22.8% | 13.6% | 13.6% | 18.6% | 17.7% | 21.2% | 30.8% | 20.7% | 27.6% | 28.5% | 22.1% | 19.5% | 17.2% | 15.3% |