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FS Bancorp (FSBW) Financials

FS Bancorp logo
$38.63 +0.13 (+0.34%)
Closing price 05/23/2025 04:00 PM Eastern
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$38.63 0.00 (0.00%)
As of 05/23/2025 04:05 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for FS Bancorp

Annual Income Statements for FS Bancorp

This table shows FS Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 35 36 30
Consolidated Net Income / (Loss)		 35 36 30
Net Income / (Loss) Continuing Operations		 35 36 30
Total Pre-Tax Income 		42 45 37
Total Revenue		 145 144 122
Net Interest Income / (Expense)		 123 123 104
Total Interest Income		 185 167 119
Loans and Leases Interest Income		 171 155 112
Investment Securities Interest Income		 14 12 7.05
Total Interest Expense		 62 44 14
Deposits Interest Expense		 53 37 9.42
Long-Term Debt Interest Expense		 8.57 7.14 4.99
Total Non-Interest Income		 22 20 18
Other Service Charges		 11 13 9.32
Net Realized & Unrealized Capital Gains on Investments		 9.08 6.71 7.92
Other Non-Interest Income		 0.99 0.92 0.88
Provision for Credit Losses		 5.51 4.77 6.22
Total Non-Interest Expense		 98 94 79
Salaries and Employee Benefits		 55 54 48
Net Occupancy & Equipment Expense		 15 13 11
Marketing Expense		 1.31 1.35 0.90
Property & Liability Insurance Claims		 2.01 2.39 1.22
Other Operating Expenses		 20 18 17
Amortization Expense		 3.63 3.46 0.69
Impairment Charge		 -0.04 0.05 -0.00
Restructuring Charge		 0.00 1.56 0.90
Other Special Charges		 0.00 -0.15 0.00
Income Tax Expense		 6.56 9.22 7.34
Basic Earnings per Share		 $4.48 $4.63 $3.75
Weighted Average Basic Shares Outstanding		 7.76M 7.81M 7.74M
Diluted Earnings per Share		 $4.36 $4.56 $3.70
Weighted Average Diluted Shares Outstanding		 7.76M 7.81M 7.74M
Weighted Average Basic & Diluted Shares Outstanding		 7.76M 7.81M 7.74M
Cash Dividends to Common per Share		 $1.06 $1.00 $0.90

Quarterly Income Statements for FS Bancorp

This table shows FS Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 7.38 10 8.96 8.40 9.77 8.95 9.12 8.21 7.62 8.46
Consolidated Net Income / (Loss)		 7.38 10 8.96 8.40 9.77 8.95 9.12 8.21 7.62 8.46
Net Income / (Loss) Continuing Operations		 7.38 10 8.96 8.40 9.77 8.95 9.12 8.21 7.62 8.46
Total Pre-Tax Income 		9.85 9.87 11 11 12 11 11 10 9.56 11
Total Revenue		 36 37 36 35 36 36 36 36 33 32
Net Interest Income / (Expense)		 31 31 30 30 30 31 32 31 29 28
Total Interest Income		 47 47 46 45 44 43 41 39 36 31
Loans and Leases Interest Income		 44 44 42 41 41 40 38 36 34 30
Investment Securities Interest Income		 3.32 3.24 3.53 3.88 3.58 3.40 2.65 2.62 2.06 1.74
Total Interest Expense		 16 16 16 15 14 13 9.32 7.95 6.52 3.78
Deposits Interest Expense		 14 13 13 13 12 10 7.61 6.62 3.98 2.60
Long-Term Debt Interest Expense		 2.32 2.31 2.29 1.65 1.93 2.17 1.71 1.33 2.54 1.18
Total Non-Interest Income		 4.61 5.97 5.87 5.11 5.46 4.98 4.83 5.22 3.70 4.18
Other Service Charges		 2.62 3.04 3.01 2.82 3.80 2.87 2.66 3.52 2.88 2.56
Net Realized & Unrealized Capital Gains on Investments		 1.73 2.68 2.61 2.06 1.41 1.88 1.95 1.48 0.59 1.40
Other Non-Interest Income		 0.26 0.25 0.24 0.24 0.24 0.23 0.23 0.22 0.22 0.22
Provision for Credit Losses		 1.52 1.51 1.08 1.40 1.40 0.55 0.72 2.11 1.59 1.72
Total Non-Interest Expense		 24 26 24 24 22 24 24 24 22 19
Salaries and Employee Benefits		 14 14 13 14 13 14 14 14 13 11
Net Occupancy & Equipment Expense		 4.07 3.82 3.73 3.66 3.47 3.43 3.25 3.09 3.04 2.89
Marketing Expense		 0.33 0.38 0.38 0.23 0.28 0.45 0.43 0.19 0.25 0.22
Property & Liability Insurance Claims		 0.49 0.53 0.45 0.53 0.66 0.56 0.59 0.58 0.42 0.46
Other Operating Expenses		 4.99 5.72 5.06 4.52 4.41 4.64 5.34 3.84 4.55 4.19
Amortization Expense		 0.88 0.90 0.92 0.94 0.98 1.00 1.02 0.46 0.17 0.17
Impairment Charge		 -0.58 0.51 -0.05 0.09 0.05 0.00 -0.00 0.00 - 0.00
Income Tax Expense		 2.47 -0.42 2.38 2.13 2.30 2.53 2.35 2.04 1.94 2.19
Basic Earnings per Share		 $0.94 $1.32 $1.15 $1.07 $1.25 $1.15 $1.17 $1.06 $0.98 $1.09
Weighted Average Basic Shares Outstanding		 7.76M 7.82M 7.75M 7.80M 7.81M 7.80M 7.75M 7.74M 7.74M 7.70M
Diluted Earnings per Share		 $0.88 $1.29 $1.13 $1.06 $1.23 $1.13 $1.16 $1.04 $0.98 $1.08
Weighted Average Diluted Shares Outstanding		 7.76M 7.82M 7.75M 7.80M 7.81M 7.80M 7.75M 7.74M 7.74M 7.70M
Weighted Average Basic & Diluted Shares Outstanding		 7.76M 7.82M 7.75M 7.80M 7.81M 7.80M 7.75M 7.74M 7.74M 7.70M

Annual Cash Flow Statements for FS Bancorp

This table details how cash moves in and out of FS Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 -34 24 15
Net Cash From Operating Activities		 51 78 185
Net Cash From Continuing Operating Activities		 51 78 185
Net Income / (Loss) Continuing Operations		 35 36 30
Consolidated Net Income / (Loss)		 35 36 30
Provision For Loan Losses		 5.51 4.77 6.22
Depreciation Expense		 11 13 14
Non-Cash Adjustments to Reconcile Net Income		 -3.15 28 134
Changes in Operating Assets and Liabilities, net		 2.87 -3.73 1.19
Net Cash From Investing Activities		 -104 78 -504
Net Cash From Continuing Investing Activities		 -104 78 -504
Purchase of Property, Leasehold Improvements and Equipment		 -1.64 -1.67 -1.55
Purchase of Investment Securities		 -264 -275 -570
Divestitures		 0.00 336 0.00
Sale and/or Maturity of Investments		 161 18 67
Net Cash From Financing Activities		 19 -131 334
Net Cash From Continuing Financing Activities		 19 -131 334
Net Change in Deposits		 -183 -31 212
Issuance of Debt		 968 2,164 3,004
Repayment of Debt		 -754 -2,257 -2,860
Repurchase of Common Equity		 -2.51 -0.22 -16
Payment of Dividends		 -8.27 -7.76 -7.10
Other Financing Activities, Net		 -0.94 0.39 0.88
Cash Interest Paid		 63 39 11
Cash Income Taxes Paid		 2.37 10 4.69

Quarterly Cash Flow Statements for FS Bancorp

This table details how cash moves in and out of FS Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -8.71 7.33 -12 -20 -15 -51 74 17 -118 131
Net Cash From Operating Activities		 41 -0.63 10 0.28 13 23 24 18 21 35
Net Cash From Continuing Operating Activities		 41 -0.63 10 0.28 13 23 24 18 21 35
Net Income / (Loss) Continuing Operations		 7.38 10 8.96 8.40 9.77 8.95 9.12 8.21 7.62 8.46
Consolidated Net Income / (Loss)		 7.38 10 8.96 8.40 9.77 8.95 9.12 8.21 7.62 8.46
Provision For Loan Losses		 1.52 1.51 1.08 1.40 1.40 0.55 0.72 2.11 1.59 1.72
Depreciation Expense		 2.62 2.17 2.94 2.84 3.14 3.29 2.86 3.36 3.54 2.78
Non-Cash Adjustments to Reconcile Net Income		 28 -16 2.17 -16 0.52 8.91 14 4.23 8.96 18
Changes in Operating Assets and Liabilities, net		 1.91 1.89 -5.05 4.13 -2.21 1.19 -3.28 0.57 -0.76 3.63
Net Cash From Investing Activities		 -104 -15 12 2.56 -65 -83 -62 288 -109 -150
Net Cash From Continuing Investing Activities		 -104 -15 12 2.56 -65 -83 -62 288 -109 -150
Purchase of Property, Leasehold Improvements and Equipment		 -0.38 -0.62 -0.28 -0.36 -0.28 -0.28 -0.16 -0.95 -0.86 -0.29
Purchase of Investment Securities		 -118 -25 -57 -64 -69 -88 -69 -49 -112 -197
Sale and/or Maturity of Investments		 15 10 70 66 4.52 4.73 6.26 2.50 3.77 47
Net Cash From Financing Activities		 54 23 -35 -23 37 9.14 113 -290 -31 247
Net Cash From Continuing Financing Activities		 54 23 -35 -23 37 9.14 113 -290 -31 247
Net Change in Deposits		 -88 45 -83 -57 68 89 -78 -109 44 67
Issuance of Debt		 260 150 383 175 439 682 661 383 1,849 831
Repayment of Debt		 -116 -168 -331 -139 -467 -760 -469 -562 -1,923 -648
Payment of Dividends		 -2.11 -2.09 -2.03 -2.03 -1.95 -1.94 -1.94 -1.94 -1.54 -1.55
Other Financing Activities, Net		 -0.11 -0.89 0.25 -0.21 -0.28 0.09 0.28 0.30 1.09 -0.34
Cash Interest Paid		 16 16 19 12 12 11 8.12 7.06 5.43 2.58
Cash Income Taxes Paid		 -0.07 0.37 2.06 0.00 2.04 2.37 5.99 0.00 1.80 1.37

Annual Balance Sheets for FS Bancorp

This table presents FS Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 3,029 2,973 2,633
Cash and Due from Banks		 19 17 11
Interest Bearing Deposits at Other Banks		 12 49 31
Time Deposits Placed and Other Short-Term Investments		 1.73 24 4.71
Trading Account Securities		 8.46 301 229
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Loans Held for Sale		 2,530 26 20
Premises and Equipment, Net		 30 31 25
Goodwill		 3.59 3.59 2.31
Intangible Assets		 14 17 3.37
Other Assets		 411 2,496 2,298
Total Liabilities & Shareholders' Equity		 3,029 2,973 2,633
Total Liabilities		 2,733 2,708 2,401
Non-Interest Bearing Deposits		 638 671 554
Interest Bearing Deposits		 1,701 1,851 1,574
Short-Term Debt		 308 94 187
Long-Term Debt		 50 50 49
Other Long-Term Liabilities		 37 43 37
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 296 264 232
Total Preferred & Common Equity		 296 264 232
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 296 264 232
Common Stock		 56 57 55
Retained Earnings		 257 230 202
Accumulated Other Comprehensive Income / (Loss)		 -17 -23 -26

Quarterly Balance Sheets for FS Bancorp

This table presents FS Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 2,970 2,941 2,970 2,920 2,906 2,783 2,652
Cash and Due from Banks		 18 20 17 18 18 21 12
Interest Bearing Deposits at Other Banks		 22 13 28 63 115 37 148
Time Deposits Placed and Other Short-Term Investments		 12 13 23 18 15 4.71 4.96
Trading Account Securities		 237 221 288 260 226 232 228
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 49 54 50 19 17 23 23
Premises and Equipment, Net		 30 30 30 31 31 32 25
Goodwill		 3.59 3.59 3.59 3.59 3.59 3.59 2.31
Intangible Assets		 15 15 16 18 19 20 3.54
Other Assets		 2,584 2,563 2,513 2,490 2,462 2,409 2,196
Total Liabilities & Shareholders' Equity		 2,970 2,941 2,970 2,920 2,906 2,783 2,652
Total Liabilities		 2,681 2,657 2,692 2,669 2,656 2,541 2,432
Non-Interest Bearing Deposits		 658 623 647 670 675 747 582
Interest Bearing Deposits		 1,770 1,759 1,818 1,784 1,690 1,696 1,502
Short-Term Debt		 164 182 130 122 200 - 261
Long-Term Debt		 50 50 50 50 -0.51 7.01 -0.56
Other Long-Term Liabilities		 41 43 47 44 91 91 88
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 289 284 278 251 250 242 221
Total Preferred & Common Equity		 289 284 278 251 250 242 221
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 289 284 278 251 250 242 221
Common Stock		 55 56 58 58 57 56 54
Retained Earnings		 252 244 237 223 216 208 196
Accumulated Other Comprehensive Income / (Loss)		 -18 -16 -16 -29 -22 -23 -29

Annual Metrics And Ratios for FS Bancorp

This table displays calculated financial ratios and metrics derived from FS Bancorp's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 0.60% 17.49% -1.43%
EBITDA Growth		 -9.97% 13.59% -18.55%
EBIT Growth		 -8.15% 22.40% -22.00%
NOPAT Growth		 -2.85% 21.60% -20.75%
Net Income Growth		 -2.85% 21.60% -20.75%
EPS Growth		 -4.39% 23.24% -15.33%
Operating Cash Flow Growth		 -34.56% -57.99% 69.62%
Free Cash Flow Firm Growth		 -319.20% 197.33% -205.13%
Invested Capital Growth		 60.18% -12.81% 37.79%
Revenue Q/Q Growth		 -0.13% 2.07% 2.02%
EBITDA Q/Q Growth		 -5.01% 3.79% -2.03%
EBIT Q/Q Growth		 -5.08% 5.87% -2.86%
NOPAT Q/Q Growth		 -6.39% 6.34% -3.35%
Net Income Q/Q Growth		 -6.39% 6.34% -3.35%
EPS Q/Q Growth		 -7.43% 4.83% -7.04%
Operating Cash Flow Q/Q Growth		 127.12% -9.67% 6.61%
Free Cash Flow Firm Q/Q Growth		 -391.55% 3.59% 41.23%
Invested Capital Q/Q Growth		 30.04% -3.39% -2.73%
Profitability Metrics		 - - -
EBITDA Margin		 36.05% 40.28% 41.66%
EBIT Margin		 28.74% 31.48% 30.22%
Profit (Net Income) Margin		 24.21% 25.07% 24.23%
Tax Burden Percent		 84.23% 79.64% 80.16%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 15.77% 20.36% 19.84%
Return on Invested Capital (ROIC)		 6.60% 8.24% 7.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.60% 8.24% 7.35%
Return on Net Nonoperating Assets (RNNOA)		 5.90% 6.30% 5.03%
Return on Equity (ROE)		 12.50% 14.53% 12.37%
Cash Return on Invested Capital (CROIC)		 -39.66% 21.93% -24.43%
Operating Return on Assets (OROA)		 1.39% 1.62% 1.50%
Return on Assets (ROA)		 1.17% 1.29% 1.21%
Return on Common Equity (ROCE)		 12.50% 14.53% 12.37%
Return on Equity Simple (ROE_SIMPLE)		 11.84% 13.63% 12.80%
Net Operating Profit after Tax (NOPAT)		 35 36 30
NOPAT Margin		 24.21% 25.07% 24.23%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 49.55% 47.43% 48.83%
Operating Expenses to Revenue		 67.45% 65.20% 64.70%
Earnings before Interest and Taxes (EBIT)		 42 45 37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 52 58 51
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.08 1.05 1.04
Price to Tangible Book Value (P/TBV)		 1.14 1.14 1.07
Price to Revenue (P/Rev)		 2.20 1.93 1.97
Price to Earnings (P/E)		 9.10 7.72 8.12
Dividend Yield		 2.60% 2.80% 2.56%
Earnings Yield		 10.99% 12.96% 12.31%
Enterprise Value to Invested Capital (EV/IC)		 0.98 0.81 0.92
Enterprise Value to Revenue (EV/Rev)		 4.44 2.31 3.52
Enterprise Value to EBITDA (EV/EBITDA)		 12.33 5.73 8.45
Enterprise Value to EBIT (EV/EBIT)		 15.46 7.33 11.65
Enterprise Value to NOPAT (EV/NOPAT)		 18.35 9.20 14.53
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.65 4.27 2.33
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 3.46 0.00
Leverage & Solvency		 - - -
Debt to Equity		 1.21 0.54 1.02
Long-Term Debt to Equity		 0.17 0.19 0.21
Financial Leverage		 0.89 0.76 0.68
Leverage Ratio		 10.71 11.30 10.27
Compound Leverage Factor		 10.71 11.30 10.27
Debt to Total Capital		 54.72% 35.14% 50.46%
Short-Term Debt to Total Capital		 47.13% 22.99% 39.88%
Long-Term Debt to Total Capital		 7.59% 12.15% 10.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 45.28% 64.86% 49.54%
Debt to EBITDA		 6.85 2.47 4.63
Net Debt to EBITDA		 6.21 0.92 3.72
Long-Term Debt to EBITDA		 0.95 0.86 0.97
Debt to NOPAT		 10.20 3.97 7.96
Net Debt to NOPAT		 9.25 1.48 6.40
Long-Term Debt to NOPAT		 1.42 1.37 1.67
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -210 96 -99
Operating Cash Flow to CapEx		 3,108.44% 4,648.06% 11,921.21%
Free Cash Flow to Firm to Interest Expense		 -3.41 2.19 -6.84
Operating Cash Flow to Interest Expense		 0.82 1.77 12.83
Operating Cash Flow Less CapEx to Interest Expense		 0.80 1.73 12.72
Efficiency Ratios		 - - -
Asset Turnover		 0.05 0.05 0.05
Fixed Asset Turnover		 4.80 5.16 4.73
Capital & Investment Metrics		 - - -
Invested Capital		 653 408 468
Invested Capital Turnover		 0.27 0.33 0.30
Increase / (Decrease) in Invested Capital		 245 -60 128
Enterprise Value (EV)		 643 332 431
Market Capitalization		 319 278 241
Book Value per Share		 $37.84 $33.92 $30.07
Tangible Book Value per Share		 $35.62 $31.23 $29.34
Total Capital		 653 408 468
Total Debt		 357 143 236
Total Long-Term Debt		 50 50 49
Net Debt		 324 53 190
Capital Expenditures (CapEx)		 1.64 1.67 1.55
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 357 143 236
Total Depreciation and Amortization (D&A)		 11 13 14
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $4.48 $4.63 $3.75
Adjusted Weighted Average Basic Shares Outstanding		 7.76M 7.81M 7.74M
Adjusted Diluted Earnings per Share		 $4.36 $4.56 $3.70
Adjusted Weighted Average Diluted Shares Outstanding		 7.76M 7.81M 7.74M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.76M 7.81M 7.74M
Normalized Net Operating Profit after Tax (NOPAT)		 35 37 30
Normalized NOPAT Margin		 24.19% 25.88% 24.81%
Pre Tax Income Margin		 28.74% 31.48% 30.22%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.67 1.03 2.57
NOPAT to Interest Expense		 0.57 0.82 2.06
EBIT Less CapEx to Interest Expense		 0.65 0.99 2.46
NOPAT Less CapEx to Interest Expense		 0.54 0.78 1.95
Payout Ratios		 - - -
Dividend Payout Ratio		 23.60% 21.54% 23.93%
Augmented Payout Ratio		 30.76% 22.15% 76.64%

Quarterly Metrics And Ratios for FS Bancorp

This table displays calculated financial ratios and metrics derived from FS Bancorp's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -0.52% 4.48% -0.32% -1.18% 8.83% 12.33% 25.10% 25.47% 7.95% 2.11%
EBITDA Growth		 -18.07% -18.47% -0.36% -1.79% 16.15% 9.92% 22.70% 6.50% -7.48% -3.32%
EBIT Growth		 -18.43% -14.07% -1.13% 2.73% 26.27% 7.79% 38.40% 20.75% -10.23% -3.49%
NOPAT Growth		 -24.46% 14.89% -1.72% 2.25% 28.21% 5.85% 36.08% 19.53% -11.87% 1.52%
Net Income Growth		 -24.46% 14.89% -1.72% 2.25% 28.21% 5.85% 36.08% 19.53% -11.87% 1.52%
EPS Growth		 -28.46% 14.16% -2.59% 1.92% 25.51% 4.63% 39.76% 25.30% -8.41% 10.20%
Operating Cash Flow Growth		 225.14% -102.75% -57.38% -98.50% -39.70% -34.59% -23.67% -81.14% 120.92% 33.96%
Free Cash Flow Firm Growth		 -441.51% -203.29% 59.18% -761.49% 157.78% 135.63% -1,337.33% -37.17% -285.49% -258.25%
Invested Capital Growth		 60.18% 19.00% 14.72% 83.82% -12.81% -12.22% 49.73% -8.14% 37.79% 70.29%
Revenue Q/Q Growth		 -4.00% 2.60% 2.29% -1.26% 0.83% -2.11% 1.40% 8.74% 4.07% 9.02%
EBITDA Q/Q Growth		 3.56% -15.65% 6.81% -12.19% 3.06% 3.09% 5.28% 3.84% -2.46% 15.07%
EBIT Q/Q Growth		 -0.15% -12.96% 7.66% -12.81% 5.17% 0.15% 11.86% 7.16% -10.21% 28.59%
NOPAT Q/Q Growth		 -28.23% 14.81% 6.69% -14.07% 9.15% -1.79% 11.01% 7.74% -9.88% 26.26%
Net Income Q/Q Growth		 -28.23% 14.81% 6.69% -14.07% 9.15% -1.79% 11.01% 7.74% -9.88% 26.26%
EPS Q/Q Growth		 -31.78% 14.16% 6.60% -13.82% 8.85% -2.59% 11.54% 6.12% -9.26% 30.12%
Operating Cash Flow Q/Q Growth		 6,631.16% -106.23% 3,544.04% -97.81% -44.77% -3.41% 28.23% -11.84% -40.10% 12.72%
Free Cash Flow Firm Q/Q Growth		 -240.38% -22.25% 71.43% -387.21% 2.95% 148.32% -562.99% 125.09% 36.51% -1,849.15%
Invested Capital Q/Q Growth		 30.04% -2.56% 12.69% 12.18% -3.39% -6.07% 80.57% -46.79% -2.73% 60.22%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 34.90% 32.36% 39.36% 37.69% 42.38% 41.46% 39.37% 37.92% 39.71% 42.37%
EBIT Margin		 27.58% 26.51% 31.25% 29.70% 33.63% 32.24% 31.51% 28.56% 28.98% 33.59%
Profit (Net Income) Margin		 20.66% 27.64% 24.70% 23.68% 27.21% 25.14% 25.05% 22.89% 23.10% 26.67%
Tax Burden Percent		 74.94% 104.26% 79.04% 79.75% 80.92% 77.97% 79.51% 80.12% 79.69% 79.40%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.06% -4.26% 20.96% 20.25% 19.08% 22.03% 20.49% 19.88% 20.31% 20.60%
Return on Invested Capital (ROIC)		 5.64% 8.66% 7.34% 9.61% 8.94% 7.84% 9.16% 11.42% 7.01% 8.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.64% 8.66% 7.34% 9.61% 8.94% 7.84% 9.16% 11.42% 7.01% 8.39%
Return on Net Nonoperating Assets (RNNOA)		 5.04% 6.18% 5.92% 3.45% 6.83% 7.19% 5.37% 1.00% 4.79% 5.50%
Return on Equity (ROE)		 10.67% 14.84% 13.25% 13.06% 15.77% 15.03% 14.52% 12.42% 11.80% 13.88%
Cash Return on Invested Capital (CROIC)		 -39.66% -9.26% -6.24% -48.80% 21.93% 20.52% -30.91% 20.41% -24.43% -43.97%
Operating Return on Assets (OROA)		 1.33% 1.30% 1.53% 1.48% 1.73% 1.63% 1.63% 1.46% 1.44% 1.65%
Return on Assets (ROA)		 1.00% 1.36% 1.21% 1.18% 1.40% 1.27% 1.29% 1.17% 1.15% 1.31%
Return on Common Equity (ROCE)		 10.67% 14.84% 13.25% 13.06% 15.77% 15.03% 14.52% 12.42% 11.80% 13.88%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 12.95% 12.70% 13.04% 0.00% 13.53% 13.37% 12.82% 0.00% 13.91%
Net Operating Profit after Tax (NOPAT)		 7.38 10 8.96 8.40 9.77 8.95 9.12 8.21 7.62 8.46
NOPAT Margin		 20.66% 27.64% 24.70% 23.68% 27.21% 25.14% 25.05% 22.89% 23.10% 26.67%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 51.99% 48.86% 48.20% 49.21% 45.91% 48.81% 47.24% 47.77% 47.90% 45.77%
Operating Expenses to Revenue		 68.16% 69.42% 65.78% 66.36% 62.47% 66.22% 66.52% 65.56% 66.21% 60.99%
Earnings before Interest and Taxes (EBIT)		 9.85 9.87 11 11 12 11 11 10 9.56 11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 12 14 13 15 15 14 14 13 13
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.08 1.19 0.99 0.96 1.05 0.88 0.90 0.92 1.04 0.90
Price to Tangible Book Value (P/TBV)		 1.14 1.27 1.07 1.03 1.14 0.96 0.99 1.02 1.07 0.92
Price to Revenue (P/Rev)		 2.20 2.37 1.97 1.86 1.93 1.56 1.63 1.71 1.97 1.65
Price to Earnings (P/E)		 9.10 9.16 7.82 7.37 7.72 6.50 6.70 7.14 8.12 6.46
Dividend Yield		 2.60% 2.35% 2.82% 2.95% 2.80% 3.34% 3.11% 2.97% 2.56% 2.93%
Earnings Yield		 10.99% 10.91% 12.78% 13.58% 12.96% 15.38% 14.92% 14.00% 12.31% 15.49%
Enterprise Value to Invested Capital (EV/IC)		 0.98 1.00 0.91 0.83 0.81 0.70 0.62 0.66 0.92 0.61
Enterprise Value to Revenue (EV/Rev)		 4.44 3.48 3.27 2.64 2.31 2.08 2.02 1.28 3.52 2.45
Enterprise Value to EBITDA (EV/EBITDA)		 12.33 9.18 8.12 6.55 5.73 5.26 5.07 3.19 8.45 5.64
Enterprise Value to EBIT (EV/EBIT)		 15.46 11.50 10.30 8.29 7.33 6.86 6.59 4.27 11.65 7.71
Enterprise Value to NOPAT (EV/NOPAT)		 18.35 13.47 12.97 10.43 9.20 8.66 8.27 5.34 14.53 9.57
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.65 22.52 10.20 6.35 4.27 3.41 2.82 1.57 2.33 1.69
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 3.46 3.17 0.00 3.12 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.21 0.74 0.81 0.65 0.54 0.68 0.80 0.03 1.02 1.18
Long-Term Debt to Equity		 0.17 0.17 0.17 0.18 0.19 0.20 0.00 0.03 0.21 0.00
Financial Leverage		 0.89 0.71 0.81 0.36 0.76 0.92 0.59 0.09 0.68 0.66
Leverage Ratio		 10.71 10.92 10.95 11.07 11.30 11.83 11.23 10.58 10.27 10.59
Compound Leverage Factor		 10.71 10.92 10.95 11.07 11.30 11.83 11.23 10.58 10.27 10.59
Debt to Total Capital		 54.72% 42.48% 44.90% 39.24% 35.14% 40.61% 44.38% 2.82% 50.46% 54.13%
Short-Term Debt to Total Capital		 47.13% 32.61% 35.29% 28.41% 22.99% 28.88% 44.49% 0.00% 39.88% 54.25%
Long-Term Debt to Total Capital		 7.59% 9.87% 9.61% 10.83% 12.15% 11.73% -0.11% 2.82% 10.58% -0.12%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 45.28% 57.52% 55.10% 60.76% 64.86% 59.39% 55.62% 97.18% 49.54% 45.87%
Debt to EBITDA		 6.85 3.89 4.02 3.11 2.47 3.07 3.66 0.14 4.63 5.00
Net Debt to EBITDA		 6.21 2.93 3.22 1.92 0.92 1.31 0.96 -1.08 3.72 1.84
Long-Term Debt to EBITDA		 0.95 0.90 0.86 0.86 0.86 0.89 -0.01 0.14 0.97 -0.01
Debt to NOPAT		 10.20 5.70 6.41 4.95 3.97 5.06 5.97 0.23 7.96 8.48
Net Debt to NOPAT		 9.25 4.30 5.15 3.06 1.48 2.16 1.57 -1.80 6.40 3.11
Long-Term Debt to NOPAT		 1.42 1.33 1.37 1.37 1.37 1.46 -0.02 0.23 1.67 -0.02
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -238 -70 -57 -200 70 68 -140 30 -121 -190
Operating Cash Flow to CapEx		 10,754.19% -101.29% 3,670.55% 77.59% 4,577.90% 8,112.77% 14,896.23% 1,936.16% 2,447.66% 11,896.60%
Free Cash Flow to Firm to Interest Expense		 -15.01 -4.43 -3.68 -13.77 4.98 5.36 -15.04 3.81 -18.51 -50.31
Operating Cash Flow to Interest Expense		 2.59 -0.04 0.65 0.02 0.90 1.81 2.54 2.32 3.22 9.26
Operating Cash Flow Less CapEx to Interest Expense		 2.57 -0.08 0.63 -0.01 0.88 1.79 2.53 2.20 3.08 9.18
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05
Fixed Asset Turnover		 4.80 4.75 4.67 4.62 5.16 5.00 4.80 4.48 4.73 4.55
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 653 502 515 457 408 422 449 249 468 481
Invested Capital Turnover		 0.27 0.31 0.30 0.41 0.33 0.31 0.37 0.50 0.30 0.31
Increase / (Decrease) in Invested Capital		 245 80 66 209 -60 -59 149 -22 128 198
Enterprise Value (EV)		 643 504 468 378 332 294 276 165 431 294
Market Capitalization		 319 343 282 267 278 220 224 221 241 198
Book Value per Share		 $37.84 $37.29 $36.43 $35.61 $33.92 $32.33 $32.28 $31.25 $30.07 $28.55
Tangible Book Value per Share		 $35.62 $34.94 $33.99 $33.04 $31.23 $29.50 $29.32 $28.16 $29.34 $27.79
Total Capital		 653 502 515 457 408 422 449 249 468 481
Total Debt		 357 213 231 179 143 171 199 7.01 236 260
Total Long-Term Debt		 50 50 50 50 50 50 -0.51 7.01 49 -0.56
Net Debt		 324 161 186 111 53 73 53 -56 190 96
Capital Expenditures (CapEx)		 0.38 0.62 0.28 0.36 0.28 0.28 0.16 0.95 0.86 0.29
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 357 213 231 179 143 171 199 7.01 236 260
Total Depreciation and Amortization (D&A)		 2.62 2.17 2.94 2.84 3.14 3.29 2.86 3.36 3.54 2.78
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.94 $1.32 $1.15 $1.07 $1.25 $1.15 $1.17 $1.06 $0.98 $1.09
Adjusted Weighted Average Basic Shares Outstanding		 7.76M 7.82M 7.75M 7.80M 7.81M 7.80M 7.75M 7.74M 7.74M 7.70M
Adjusted Diluted Earnings per Share		 $0.88 $1.29 $1.13 $1.06 $1.23 $1.13 $1.16 $1.04 $0.98 $1.08
Adjusted Weighted Average Diluted Shares Outstanding		 7.76M 7.82M 7.75M 7.80M 7.81M 7.80M 7.75M 7.74M 7.74M 7.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.98 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.76M 7.82M 7.75M 7.80M 7.81M 7.80M 7.75M 7.74M 7.74M 7.70M
Normalized Net Operating Profit after Tax (NOPAT)		 6.95 7.26 8.92 8.47 9.81 8.95 9.16 9.42 8.34 8.46
Normalized NOPAT Margin		 19.44% 19.51% 24.58% 23.89% 27.32% 25.14% 25.18% 26.24% 25.27% 26.67%
Pre Tax Income Margin		 27.58% 26.51% 31.25% 29.70% 33.63% 32.24% 31.51% 28.56% 28.98% 33.59%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.62 0.62 0.73 0.72 0.86 0.91 1.23 1.29 1.47 2.82
NOPAT to Interest Expense		 0.47 0.65 0.58 0.58 0.70 0.71 0.98 1.03 1.17 2.24
EBIT Less CapEx to Interest Expense		 0.60 0.59 0.71 0.70 0.84 0.89 1.21 1.17 1.34 2.74
NOPAT Less CapEx to Interest Expense		 0.44 0.61 0.56 0.55 0.68 0.69 0.96 0.91 1.04 2.16
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 23.60% 21.66% 22.03% 21.69% 21.54% 21.70% 20.85% 23.87% 23.93% 22.08%
Augmented Payout Ratio		 30.76% 28.96% 29.19% 21.69% 22.15% 21.70% 26.03% 23.87% 76.64% 77.32%

Frequently Asked Questions About FS Bancorp's Financials

When does FS Bancorp's fiscal year end?

According to the most recent income statement we have on file, FS Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has FS Bancorp's net income changed over the last 2 years?

FS Bancorp's net income appears to be on an upward trend, with a most recent value of $35.02 million in 2024, rising from $29.65 million in 2022. The previous period was $36.05 million in 2023. See FS Bancorp's forecast for analyst expectations on what’s next for the company.

How has FS Bancorp revenue changed over the last 2 years?

Over the last 2 years, FS Bancorp's total revenue changed from $122.39 million in 2022 to $144.66 million in 2024, a change of 18.2%.

How much debt does FS Bancorp have?

FS Bancorp's total liabilities were at $2.73 billion at the end of 2024, a 0.9% increase from 2023, and a 13.8% increase since 2022.

How much cash does FS Bancorp have?

In the past 2 years, FS Bancorp's cash and equivalents has ranged from $10.53 million in 2022 to $19.28 million in 2024, and is currently $19.28 million as of their latest financial filing in 2024.

How has FS Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, FS Bancorp's book value per share changed from 30.07 in 2022 to 37.84 in 2024, a change of 25.8%.


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This page (NASDAQ:FSBW) was last updated on 5/24/2025 by MarketBeat.com Staff
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