FSBWNasdaqSavings Institutions, Not Federally CharteredFiscal year ends December 31
FS Bancorp, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$44.58−0.27 (-0.60%)
Close on Oct 19, 2026
- Market cap
- $333.60M
- P/E (TTM)
- 10.2
- Dividend yield
- 3.01%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
21.8%−1451.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.5% | +263.3% | +124.7% | +12.8% | |
| Net income | -4.8% | +4.0% | -3.2% | +14.2% | |
| EPS, diluted | -1.6% | +5.1% | -0.9% | +11.3% | |
| Free cash flow | +5.6% | -34.3% | – | – | |
| Dividend per share | +26.4% | +14.2% | +26.1% | +28.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 13.4% | 18.3% | 11.1% | |
| Return on assets | 1.4% | 2.1% | 1.1% | |
| Capex to revenue | 6.3% | 51.7% | 13.3% | |
| Diluted shares | 6M | 9M | 8M |
Where the cash went
Fiscal 2021 to 2025, five years combined
FS Bancorp generated $494.71M from operations and spent $112.95M on capital expenditure, dividends and share buybacks. 24% of that went back into the business.
Generated
$494.71M
Used
$112.95M
Capital expenditure$27.22M24%Dividends$37.99M34%Share buybacks$47.74M42%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin21.8%
×Asset turnover0.05×
×Equity multiplier10.32×
=Return on equity, FY202511.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 21.8% | 0.05× | 10.32× | 11.1% |
| FY2024 | 24.2% | 0.05× | 10.71× | 12.5% |
| FY2023 | 781.7% | 0.00× | 11.30× | 14.5% |
| FY2022 | 930.9% | 0.00× | 10.27× | 12.4% |
| FY2021 | 1243.3% | 0.00× | 9.21× | 15.7% |
| FY2020 | 1473.3% | 0.00× | 8.89× | 18.3% |
| FY2019 | 779.8% | 0.00× | 8.77× | 11.9% |
| FY2018 | 1395.2% | 0.00× | 8.62× | 16.1% |
| FY2017 | 397.0% | 0.00× | 8.91× | 13.9% |
| FY2016 | 18.3% | 0.08× | 9.63× | 13.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$33.35M
- Cash generatingOperating cash flow above zero$72.31M
- Return on assets improvedROA up on the prior year1.2% → 1.1%
- Earnings backed by cashOperating cash flow above net income$72.31M vs $33.35M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise8M → 8M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.05 → 0.05