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StockVS

NASDAQ · Banks - Regional · USD

FS Bancorp, Inc. (FSBW) Stock Analysis

FS Bancorp, Inc. (FSBW) is a Banks - Regional stock listed on NASDAQ and quoted in US Dollar.

FSBW

$43.88

+$0.47 (+1.08%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FSBW Key Statistics

As of Sep 4, 2026
Trading
Open
$43.18
Previous Close
$43.41
Day's Range
42.99–44.00
52-Week Range
36.66–45.85
Volume
14.50K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.65
Valuation
Market Cap
$344.99M
P/E Ratio
9.93
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
9.40
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.35
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.38
EPS (ttm)Profit attributable to each share over the last twelve months.
4.42
Financials (FY)
Revenue (FY)
$149.77M+5.49%
Net Income (FY)
$33.35M−4.79%
Profit marginThe share of revenue left as profit after all costs and taxes.
23.02%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
7.86M
1-Year Return
+6.34%
Dividend and dates
Dividend
$1.16+2.68%
Ex-Dividend Date
August 7, 2026
Earnings Date
October 20, 2026estimated
Avg Volume
21.08K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

FSBW Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+8.79%
2025+3.75%
2024+14.30%
2023+14.11%
2022+2.42%
2021+24.78%
2020−12.42%
2019+50.66%
2018−20.65%
2017+53.26%
2016 (partial year)+30.16%

As of September 4, 2026.

FSBW Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$149.77M$33.35M22.3%
2024$141.98M$35.02M24.7%
2023$141.37M$36.05M25.5%
2022$119.67M$29.65M24.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$149.77M——$33.35M22.3%
2024$141.98M——$35.02M24.7%
2023$141.37M——$36.05M25.5%
2022$119.67M——$29.65M24.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FSBW Dividend History

$1.34+26.4% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$0.873—
2025$1.344+26.4%
2024$1.064+6.0%
2023$1.004+11.1%
YearDividends per sharePaymentsChange
2026 (partial year)$0.873—
2025$1.344+26.4%
2024$1.064+6.0%
2023$1.004+11.1%
2022$0.904+62.2%
2021$0.564+32.1%
2020$0.424+29.2%
2019$0.334+22.6%
2018$0.274+23.3%
2017$0.224+330.0%
2016$0.051—

Most recent payment: $0.29 per share, ex-dividend August 7, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

FSBW Valuation vs Banks - Regional Median

Median of 380 stocks
MetricFSBWBanks - Regional medianvs median
P/E9.9312.6221% below
P/S ratio2.383.7737% below
Profit margin23.02%29.15%6.1 pts below

Medians across 380 Banks - Regional stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Analysis

Data-derived

Company Overview

The market values FS Bancorp, Inc. (FSBW) at $344.99M. It is classified in the Banks - Regional industry, within the Financial Services sector. The company reports 593 employees.

The most recent close on file for FSBW is $43.88, dated September 4, 2026. That is +$0.47 (+1.08%) against the previous close. The 52-week range on file runs from $36.66 to $45.85. The latest close sits 19.69% above that 52-week low.

Financial Health

In fiscal 2025, FS Bancorp, Inc. reported revenue of $149.77M. That is +5.49% against the prior fiscal year, when revenue was $141.98M. Net income for the same year was $33.35M. That is −4.79% against the prior fiscal year. Profit margin runs at 23.02%. That is 6.1 percentage points below the Banks - Regional median of 29.15%. Earnings per share on a trailing basis come to 4.42.

Across the 4 fiscal years on file, revenue moves from $119.67M in 2022 to $149.77M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 9.93. That is 21.32% below the Banks - Regional median of 12.62. The forward P/E on file is 9.4. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.35. The price-to-sales ratio is 2.38. On price-to-sales that is 36.88% below the Banks - Regional median of 3.77. 380 Banks - Regional companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +6.34%. Across 10 years the annualized return works out at +14.56%. Beta against the wider market is reported at 0.65. Daily returns over the trailing 10 years annualize to a volatility of 33.79%.

Growth & Income

Shareholders receive a dividend, yielding 2.68% on the latest price. The indicated annual rate is $1.16 a share. The ex-dividend date on file is August 7, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.87 a share. The year before, 2025, totalled $1.34 a share.

The strongest complete calendar year on file is 2017 at +53.26%; the weakest is 2018 at −20.65%. Of the 9 complete calendar years on file, 7 finished higher. 2026 is still running; the price is +8.79% year to date.

Peer Comparison

FS Bancorp, Inc. (FSBW) operates in the Banks - Regional industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
FS Bancorp, Inc. FSBW $344.99M 9.9
Mizuho Financial Group, Inc. MFG $135.92B 16.0
HDFC Bank Limited HDB $119.10B 16.0
ICICI Bank Limited IBN $108.74B 18.7

The Banks - Regional industry average P/E ratio is 12.6x. FS Bancorp, Inc. trades at a P/E of 9.9.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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U.S. Bancorp

$98.73B

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About FS Bancorp, Inc.

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.

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