YOLFTbeta
FS Bancorp Inc

FS Bancorp Inc

FSBW · NASDAQ · Financial Services / Banks - Regional

43.00USD-0.21 (-0.49%)

Price History

Full chart

Market Stats

Previous Close43.21
Open43.11
Day Range42.89 – 43.31
52-Week Range36.16 – 45.54
Volume28.99K
Market Cap347.35M
P/E (TTM)9.93
Forward P/E8.90
EPS4.45
Dividend Yield2.62%
Beta0.65
50-Day Avg43.36
200-Day Avg41.72

About

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 in Washington. 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 loans, home equity loan products, commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. Further, it provides online banking platforms, mobile banking apps, and telephone banking services, as well as cash management services. The company operates full bank service branches and home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Kitsap, Clallam, Jefferson, Grays Harbor, Thurston, and Benton counties; Oregon; and a loan production office in the market area of the Tri-Cities. The company was founded in 1936 and is headquartered in Mountlake Terrace, Washington.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Matthew D. Mullet
  • Employees593
  • Headquarters6920 220th Street SW, Mountlake Terrace, WA, United States, 98043, USA
  • Websitehttps://www.fsbwa.com

Leadership

  • Mr. Matthew D. MulletCEO, President, Treasurer & Secretary · b. 1979
  • Mr. Phillip D. WhittingtonVP & CFO
  • Ms. Shana C. AllenExecutive VP & Chief Information Officer · b. 1970
  • Mr. Donn C. CostaExecutive VP & Chief Home Lending Officer · b. 1962
  • Ms. May-Ling Sowell CRCMSenior VP & Chief Compliance Officer
  • Ms. Vickie A. JarmanExecutive VP & Chief Human Resources Officer · b. 1978
  • Mr. Robert A. NesbittExecutive VP & Chief Credit Operations Officer · b. 1977
  • Ms. Kelli B. NielsenExecutive VP & Chief Retail Banking Officer · b. 1972
  • Ms. Erin M. BurrExecutive VP, Chief Risk Officer & CRA Officer · b. 1978
  • Mr. Sean P. McCormickExecutive VP & Chief Credit Administration Officer · b. 1979

Financials

Income Statement

Currency: USD2006-12-312007-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue21.86M20.98M19.56M19.99M17.85M23.24M28.79M33.50M47.75M59.23M66.54M79.03M109.59M142.13M131.08M134.08M185.26M203.71M217.51M
Growth (%)--4.02%-6.80%+2.23%-10.71%+30.16%+23.91%+16.33%+42.56%+24.04%+12.34%+18.77%+38.66%+29.70%-7.77%+2.29%+38.16%+9.96%+6.78%
Cost of Revenue5.78M7.52M11.59M7.37M5.38M5.28M4.35M4.50M5.91M6.56M5.68M11.77M22.20M27.75M10.22M20.63M48.66M67.24M72.76M
Gross Profit16.08M13.46M7.97M12.63M12.48M17.96M24.45M28.99M41.84M52.67M60.86M67.26M87.39M114.38M120.86M113.45M136.59M136.47M144.75M
Gross Margin73.55%64.16%40.75%63.16%69.89%77.29%84.90%86.56%87.63%88.92%91.46%85.11%79.74%80.47%92.20%84.61%73.73%66.99%66.55%
Operating Expense14.26M17.32M12.54M11.03M10.93M14.76M18.51M22.52M28.10M36.57M40.28M38.69M59.26M64.53M73.44M76.47M91.32M94.88M100.00M
Operating Income1.82M-3.86M-4.57M1.60M1.54M3.20M5.94M6.47M13.75M16.10M20.58M28.57M28.13M49.85M47.42M36.99M45.27M41.58M44.74M
Operating Margin8.32%-18.38%-23.39%8.01%8.65%13.76%20.63%19.32%28.79%27.19%30.93%36.15%25.67%35.07%36.18%27.59%24.44%20.41%20.57%
EBITDA2.47M-3.06M-3.57M2.51M2.39M4.17M8.16M9.20M16.18M21.31M24.52M33.83M40.16M63.47M62.60M50.99M57.92M52.15M54.95M
EBITDA Margin11.30%-14.59%-18.26%12.55%13.40%17.95%28.34%27.47%33.88%35.98%36.84%42.81%36.65%44.66%47.76%38.03%31.27%25.60%25.26%
Net Income1.25M-4.13M-4.57M1.60M1.54M5.29M3.92M4.54M8.88M10.50M14.09M24.35M22.72M39.26M37.41M29.65M36.05M35.02M33.35M
Net Income Margin5.70%-19.68%-23.39%8.01%8.65%22.79%13.61%13.55%18.59%17.72%21.17%30.81%20.73%27.63%28.54%22.11%19.46%17.19%15.33%
R&D-----0000000-------
R&D as % of Total Revenue-----0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense5.54M6.94M4.52M3.89M3.01M2.36M2.18M2.70M3.66M4.16M4.93M10.23M19.32M14.72M9.72M14.41M43.89M61.73M66.84M
Interest Expense % of Total Revenue25.32%33.08%23.12%19.44%16.84%10.17%7.56%8.07%7.66%7.03%7.41%12.94%17.63%10.35%7.42%10.75%23.69%30.30%30.73%

Balance Sheet

Currency: USD2006-12-312007-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets256.39M263.07M281.84M292.33M283.79M359.03M419.19M509.75M677.56M827.93M981.78M1.62B1.71B2.11B2.29B2.63B2.97B3.03B3.20B
Total Liabilities221.61M231.38M258.52M267.54M257.03M299.13M356.87M443.92M602.22M746.89M859.78M1.44B1.51B1.88B2.04B2.40B2.71B2.73B2.89B
Total Equity34.78M31.69M23.32M24.80M26.77M59.90M62.31M65.84M75.34M81.03M122.00M180.04M200.24M230.01M247.51M231.70M264.49M295.77M307.69M
Cash7.16M5.90M28.53M35.25M19.25M9.41M41.09M20.10M36.88M51.70M37.02M54.85M66.68M103.85M37.03M46.15M89.86M33.36M13.50M
Total Debt13.40M19.80M25.90M21.90M8.90M6.84M16.66M34.47M217.34M45.16M17.37M258.38M99.96M117.70M96.71M242.46M60.27M354.96M141.08M
Net Debt6.24M13.90M-2.63M-13.35M-10.35M-2.57M-24.42M-3.06M71.70M-29.21M-19.65M92.16M33.28M13.85M59.68M196.31M-29.59M321.59M127.58M

Cash Flow

Currency: USD2006-12-312007-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.46M335.77K1.16M5.38M4.72M-759.00K6.10M-4.03M-7.06M3.59M15.08M21.44M9.18M-32.32M109.01M184.90M77.67M50.82M72.31M
Investing Cash Flow-2.73M-11.75M-19.31M-7.63M-10.19M-80.78M-31.73M-99.89M-139.77M53.26M-169.41M-186.96M-55.20M-270.69M-310.83M-504.04M77.67M-104.20M-206.43M
Financing Cash Flow-996.22K10.45M32.23M8.97M-10.54M69.08M57.30M81.01M155.74M-44.85M136.79M179.39M59.02M348.81M136.74M334.09M-131.08M19.32M130.70M
Capital Expenditure2.54M3.10M200.00K1.60M1.40M3.64M2.07M873.00K1.51M3.60M1.02M3.80M2.46M1.38M1.98M1.55M1.67M1.64M20.37M
Free Cash Flow-74.64K-2.77M958.00K3.78M3.33M-4.40M4.03M-4.90M-8.57M-7.00K14.07M17.64M6.71M-33.70M107.03M183.35M76.00M49.19M51.94M
Dividends Paid-----0451.00K704.00K826.00K1.09M1.33M1.92M2.86M3.57M4.60M7.10M7.76M8.27M10.26M
FCF to OCF-3.03%-823.90%82.73%70.24%70.45%580.11%66.06%121.68%121.41%-0.20%93.26%82.29%73.16%104.27%98.18%99.16%97.85%96.78%71.83%
Dividend Paid to FCF-----0.00%11.19%-14.37%-9.63%-15571.43%9.46%10.86%42.54%-10.61%4.30%3.87%10.22%16.80%19.76%

Earnings

Report DateSep 30, 2012Dec 31, 2012Mar 31, 2013Jun 30, 2013Sep 30, 2013Dec 31, 2013Mar 31, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Dec 31, 2015Mar 31, 2016Jun 30, 2016Sep 30, 2016Mar 16, 2017Apr 26, 2017Jul 27, 2017Oct 26, 2017Jan 25, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 28, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Jan 28, 2020Apr 24, 2020Jul 23, 2020Oct 26, 2020Jan 28, 2021Apr 26, 2021Jul 26, 2021Oct 28, 2021Jan 27, 2022Apr 28, 2022Jul 28, 2022Oct 26, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 24, 2024Apr 24, 2024Jul 23, 2024Oct 22, 2024Jan 21, 2025Apr 22, 2025Jul 22, 2025Oct 21, 2025Jan 21, 2026Apr 21, 2026Jul 21, 2026Oct 20, 2026
EPS Estimate------------------0.370.470.500.480.520.590.560.560.640.680.720.780.600.600.870.770.900.950.890.850.710.800.931.111.021.221.121.020.981.031.151.080.930.971.081.131.011.131.11
EPS Actual0.510.180.200.180.180.090.140.160.200.260.350.470.330.330.270.480.590.860.430.560.540.490.570.560.580.620.590.560.800.620.451.151.471.301.350.970.971.010.810.831.081.061.241.271.131.321.181.131.290.960.930.891.030.971.021.08-
Surprise------------------16.22%19.15%8.00%2.08%9.62%-5.08%3.57%10.71%-7.81%-17.65%11.11%-20.51%-25.00%91.67%68.97%68.83%50.00%2.11%8.99%18.82%14.08%3.75%16.13%-4.50%21.57%4.10%0.89%29.41%20.41%9.71%12.17%-11.11%0.00%-8.25%-4.63%-14.16%0.99%-4.42%-
Timing-----------------Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap347.35M
Enterprise Value670.09M
Trailing P/E9.93
Forward P/E8.90
PEG Ratio1.34
Price / Sales2.40
Price / Book1.07
EPS4.45
Book Value43.57
Revenue (TTM)144.94M
Gross Profit (TTM)144.94M
Profit Margin23.02%
Operating Margin32.41%
Return on Equity10.83%
Return on Assets1.05%
Shares Outstanding7.86M
Shares Float6.12M
Beta0.65
Dividend Yield2.62%
Dividend Rate1.16
Payout Ratio28.05%

Analyst Ratings

Buy
Based on 3 analystsTarget 45.00
  • Strong Buy
    1
  • Hold
    2

Ownership Breakdown

Institutions
65.54%
Insiders
8.23%
Retail / Other
26.23%

Top Institutional Holders

  • T. Rowe Price Investment Management,Inc.
    997.94K12.69%
  • BlackRock Inc
    436.79K5.56%
  • Dimensional Fund Advisors, Inc.
    421.65K5.36%
  • Vanguard Capital Management, LLC
    325.25K4.14%
  • Pacific Ridge Capital Partners, LLC
    206.50K2.63%
  • Geode Capital Management, LLC
    153.01K1.95%
  • TCW Group Inc
    152.03K1.93%
  • AllianceBernstein L.P.
    144.84K1.84%
  • State Street Corp
    128.31K1.63%
  • Renaissance Technologies Corp
    108.89K1.38%
  • Royce & Associates, LP
    98.09K1.25%
  • Acadian Asset Management LLC
    85.98K1.09%
  • American Century Companies Inc
    85.64K1.09%
  • Bridgeway Capital Management, LLC
    85.29K1.08%

Top Fund Holders

  • T. Rowe Price Small-Cap Value
    606.84K7.72%
  • VT De Lisle America B USD
    326.19K4.15%
  • Vanguard MStar Total Stk Mkt Idx Invest
    214.31K2.73%
  • iShares Russell 2000 ETF
    183.04K2.33%
  • Avantis US Small Cap Value ETF
    114.35K1.45%
  • Adara Smaller Companies
    81.28K1.03%

Dividends

20264×
0.29Nov 6, 20260.29Aug 7, 20260.29May 7, 20260.29Feb 6, 2026
20254×
0.28Nov 6, 20250.22Aug 7, 20250.28May 8, 20250.28Feb 6, 2025
20244×
0.27Nov 7, 20240.27Aug 7, 20240.26May 8, 20240.26Feb 7, 2024
20234×
0.25Nov 8, 20230.25Aug 9, 20230.25May 10, 20230.25Feb 8, 2023
20224×
0.20Nov 8, 20220.20Aug 10, 20220.20May 11, 20220.20Feb 9, 2022
20214×
0.15Nov 9, 20210.07Jul 22, 20210.14May 5, 20210.13Feb 10, 2021

Stock Splits

  • Jul 15, 20212:1