MARKETS / NASDAQ / FSBW

NASDAQ · SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED · MID CAP

FS Bancorp, Inc. FSBW

15 fiscal years on record · USD · FY2025 reported · SEC filings only

5 YEARS OF DIVIDEND GROWTH

Net income

$33.3M

▼ 4.8% YoY

Free cash flow

$51.9M

▲ 5.6% YoY

Growth

—

Revenue, FY2025 · full 15-year series below

Revenue $M Net income $M

FY2023 · Revenue 4.6 · Net income 36.1

Compound annual growth

Revenue

+20.1%

+21.5%

Net income

+4.0%

−3.2%

+14.2%

EPS, diluted

+5.1%

−0.9%

Dividend / share

+14.2%

+26.1%

Returned to shareholders

+4.2%

+13.9%

+41.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +21.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

—

Operating margin Net margin

FY2023 · Operating 981.6% · Net 781.7%

ROE

FY2025 · ROE 11.1%

Gross margin—

Operating margin—

Net margin—

Return on assets1.1%

EBITDAUSD 43.9M

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 25.7M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 51.9

Net buybacks $M Dividends $M

FY2025 · Dividends 10.3 · Net buybacks 15.4

Dividends paidUSD 10.3M

Net buybacksUSD 15.4M

Share of profit77.0%

Consecutive raises5 years (since the 2020 share-count change)

USD 10.3M in dividends and USD 15.4M in buybacks — 77% of the year's profit went back to shareholders.

Total assetsUSD 3.2B

EquityUSD 307.7M

CashUSD 28.2M

Gross debtUSD 129.3M

Net debtUSD 101.1M

DepositsUSD 2.7B

Net debt stands at 33% of equity.

The 15-year record

15 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue $B	·	·	0.0	0.0	0.0	0.0	0.0	0.0	0.0	·	·	·	·	·	·
Operating income $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0
Net income $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.1	0.0	0.1	0.2	0.1	−0.0	0.0	0.0	0.0	−0.0	−0.0	−0.0	0.0	−0.0	0.0
EPS, diluted $	4.29	4.36	4.56	3.70	4.37	4.49	5.01	6.29	4.28	3.51	2.93	1.52	1.29	1.76	·
Dividend / sh $	1.34	1.06	1.00	0.90	0.56	0.42	0.65	0.53	0.43	0.36	0.22	0.22	0.15	·	·
Payout %	31	24	22	24	12	9	13	8	9	10	9	16	12	0	·
ROE %	11.1	12.5	14.5	12.4	15.7	18.3	11.9	16.1	13.9	13.4	12.6	7.1	6.4	12.2	5.8
Shares out B	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 44 reconciliationsAUDITED

Reconciled in 15 of 19 fiscal years. 13 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivitySavings Institutions, Not Federally Chartered

Listed onNASDAQ

Incorporated inWashington

Fiscal year endsDecember 31

Data on record since2011