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FS Bancorp (FSBW) Financials

FS Bancorp logo
$38.32 -1.01 (-2.57%)
Closing price 04/25/2025 04:00 PM Eastern
Extended Trading
$38.35 +0.03 (+0.08%)
As of 04/25/2025 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.
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 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
30 36 35
Consolidated Net Income / (Loss)
30 36 35
Net Income / (Loss) Continuing Operations
30 36 35
Total Pre-Tax Income
37 45 42
Total Revenue
122 144 145
Net Interest Income / (Expense)
104 123 123
Total Interest Income
119 167 185
Loans and Leases Interest Income
112 155 171
Investment Securities Interest Income
7.05 12 14
Total Interest Expense
14 44 62
Deposits Interest Expense
9.42 37 53
Long-Term Debt Interest Expense
4.99 7.14 8.57
Total Non-Interest Income
18 20 22
Other Service Charges
9.32 13 11
Net Realized & Unrealized Capital Gains on Investments
7.92 6.71 9.08
Other Non-Interest Income
0.88 0.92 0.99
Provision for Credit Losses
6.22 4.77 5.51
Total Non-Interest Expense
79 94 98
Salaries and Employee Benefits
48 54 55
Net Occupancy & Equipment Expense
11 13 15
Marketing Expense
0.90 1.35 1.31
Property & Liability Insurance Claims
1.22 2.39 2.01
Other Operating Expenses
17 18 20
Amortization Expense
0.69 3.46 3.63
Impairment Charge
-0.00 0.05 -0.04
Restructuring Charge
0.90 1.56 0.00
Other Special Charges
0.00 -0.15 0.00
Income Tax Expense
7.34 9.22 6.56
Basic Earnings per Share
$3.75 $4.63 $4.48
Weighted Average Basic Shares Outstanding
7.74M 7.81M 7.76M
Diluted Earnings per Share
$3.70 $4.56 $4.36
Weighted Average Diluted Shares Outstanding
7.74M 7.81M 7.76M
Weighted Average Basic & Diluted Shares Outstanding
7.74M 7.81M 7.76M
Cash Dividends to Common per Share
$0.90 $1.00 $1.06

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

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

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

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

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

Annual Metrics and Ratios for FS Bancorp

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

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

Quarterly Metrics and Ratios for FS Bancorp

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

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

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.

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%.



This page (NASDAQ:FSBW) was last updated on 4/26/2025 by MarketBeat.com Staff
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