profit from every $100 of sales.
$0$100
FS Bancorp
$43.00-0.49% today
+7.3% in 1 year
1-year low $37.041-year high $45.27
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $10.16 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What FS Bancorp sold, what it kept, and what it did with the cash.
Sales went from $120 million in 2022 to $150 million in 2025, with $33.3 million of profit last year.
SalesProfit
FS Bancorp handed back 50% of the cash it generated last year.
Buybacks $16M$10M
Free cash flow 2025$52M
Bought back its own shares$16M
Paid as dividends$10M
Cash vs. debt$28M vs. $185M
FS Bancorp vs. similar companies
FS Bancorp grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| FS Bancorp | 10.2× · Cheap | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads FS Bancorp's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 120 | 141 | 142 | 150 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 30 | 36 | 35 | 33 | |
| 3.70 | 4.56 | 4.36 | 4.29 | |
| – | – | – | – | |
| – | – | – | – | |
| 24.8% | 25.5% | 24.7% | 22.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,633 | 2,973 | 3,029 | 3,197 |
| Cash | 46 | 90 | 33 | 28 |
| Total debt | 242 | 60 | 355 | 185 |
| Total liabilities | 2,401 | 2,708 | 2,733 | 2,889 |
| 232 | 264 | 296 | 308 | |
| 8 | 8 | 8 | 8 | |
| – | – | – | – | |
| 12.8% | 13.6% | 11.8% | 10.8% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 185 | 78 | 51 | 72 | |
| 2 | 2 | 2 | 20 | |
| 183 | 76 | 49 | 52 | |
| Dividends paid | 7 | 8 | 8 | 10 |
| 16 | 1 | 3 | 16 | |
| 2 | 2 | 2 | 2 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 10.2×
- 9.6×
- 2.01
- 1.0×
- 2.3×
- 9.8%
- 3.3%
Profitability
- 22.3%
- 1.1%
- 8.2%
- 10.9%
- 1.0%
Growth
- +7.8%
- +5.1%
- +26.1%
- −2.9%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 28%of 667
Bottom 47%of 522
Top 30%of 903
Top 50%of 911
Top 14%of 939
What analysts expect
- Average price target
- $45.00
- Range
- $45.00 – $45.00
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 21, 2026 | 1.02 | 1.01 | +1.0% |
| Jan 21, 2026 | 1.10 | 1.13 | −2.7% |
| Oct 21, 2025 | 1.18 | 1.08 | +9.3% |
| Jul 22, 2025 | 0.99 | 0.97 | +2.1% |
| Apr 22, 2025 | 1.01 | 0.93 | +8.6% |
| Mar 17, 2025 | 0.94 | – | – |
| Oct 22, 2024 | 1.29 | 1.14 | +13.2% |
| Jul 23, 2024 | 1.13 | 1.02 | +10.8% |
3.3%of the share price, paid each year
On $1,000 invested$33a year at today's yield, before tax
+26.1%2020 to 2025
Raised10 yearsin a row, in our data
Paid per share, each year
$0.14 in 2015 → $1.34 in 2025
How safe it looks
30.8% of its profit
Room to growStretchedMore than it earns: 19.8%
News
Cathay General Bancorp declares $0.38 dividendSeeking Alpha · Nov 14, 2026Fifth Third Bancorp Eyes Texas Growth and AI Gains After Comerica IntegrationYahoo Finance · Nov 6, 2026Hope Bancorp declares $0.14 dividendSeeking Alpha · Oct 28, 2026NBT Bancorp declares $0.40 dividendSeeking Alpha · Oct 27, 2026Finward Bancorp GAAP EPS of $0.31 misses by $0.41, revenue of $18.59M misses by $0.81MSeeking Alpha · Oct 27, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
60Pass
Benjamin Graham
74Pass
Philip Fisher
63Pass
Peter Lynch
41No pass
Joel Greenblatt
22No pass
Charlie Munger
51No pass
Terry Smith
49No pass
Questions about FS Bancorp
Is FS Bancorp a good stock to buy?
A strong, very profitable business, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the FS Bancorp AI analysis
What does FS Bancorp do?
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. It is in Banks - Regional.
Does FS Bancorp pay a dividend?
Yes. At today's price the dividend is 3.3% a year, about 31% of its yearly profit. In 2025 it paid out $10.3 million in dividends.
Is FS Bancorp stock halal?
No. FS Bancorp does not pass our halal screen: its main business, banking, is not permitted. How we check
How has FS Bancorp stock done over the past year?
Up 7.3% over the past twelve months, to $43.00. It traded between $37.04 and $45.27 and is 5.0% below its high.
Who are FS Bancorp's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with FS Bancorp's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.