FS Bancorp, Inc. (NASDAQ: FSBW) is a bank holding company headquartered in Mountlake Terrace, Washington, operating through its subsidiary, 1st Security Bank of Washington. Established in 1936, the company has grown through strategic acquisitions, including a merger with Anchor Bancorp in 2018, and went public in 2012. As of the ...FS Bancorp, Inc. (NASDAQ: FSBW) is a bank holding company headquartered in Mountlake Terrace, Washington, operating through its subsidiary, 1st Security Bank of Washington. Established in 1936, the company has grown through strategic acquisitions, including a merger with Anchor Bancorp in 2018, and went public in 2012. As of the latest data, FS Bancorp employs 581 full-time employees and serves the greater Puget Sound area with 21 branches and 10 home loan production offices, plus an additional office in the Tri-Cities market. The company's business is segmented into two primary divisions: Commercial and Consumer Banking, and Home Lending. The Commercial and Consumer Banking division offers a range of deposit products (checking, money market, savings, certificates of deposit) and lending solutions, including non-mortgage commercial business loans, commercial real estate and construction/development financing, and consumer loans such as personal lines of credit, credit cards, auto loans, home improvement loans, and recreational vehicle loans. The Home Lending division specializes in first and second mortgages for one-to-four-family residences and home equity loans. Financially, FS Bancorp has a market capitalization of approximately $319 million, with a trailing twelve-month revenue per share of $23.77, net income per share of $4.44, and a dividend yield of around 2.7%. The company maintains a strong return on equity of 10.8% and a price-to-earnings ratio of 9.7, indicating solid profitability. Key ratios include a debt-to-equity ratio of 1.19, reflecting leverage typical for banks, and an efficiency ratio that aligns with regional banking peers. The CEO, Matthew D. Mullet, was appointed effective June 1, 2026, as part of a succession plan announced in August 2025. Mullet has been with the bank since 2011, serving as CFO before his promotion. The company's strategic focus includes expanding its lending capabilities, enhancing digital banking services, and maintaining strong community relationships. FS Bancorp is committed to personalized service, treating each customer as their only customer, and aims to support local economies through tailored financial solutions. With a long history and prudent management, FS Bancorp continues to navigate the competitive banking landscape, balancing growth with risk management. The company's website provides resources for investors, including news releases and stock information, underlining its commitment to transparency and shareholder value.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$217.5M
+6.8%
-80.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$33.3M
-4.8%
+1.4%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+66.5%
-0.7%
-218.6%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+20.6%
+0.8%
-601.5%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+15.3%
-10.8%
+408.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$51.9M
+5.6%
+509.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+23.9%
-1.1%
+2956.0%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
45.9%
-61.8%
+68.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.12x
+25.4%
+2822.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
