SequelSEC

FS Bancorp, Inc. FSBW

Savings Institutions, Not Federally Chartered · CIK 0001530249 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
$4.61M
Fiscal year ended 2023-12-31
Net income
$36.05M
Fiscal year ended 2023-12-31
Total assets
$2.97B
Fiscal year ended 2023-12-31

FS Bancorp, Inc. (FSBW) reported revenue of $4.61M and net income of $36.05M for the fiscal year ended 2023-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from FS Bancorp, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Savings Institutions, Not Federally Chartered.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

FS Bancorp, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Revenue$4.61M$3.18M$3.01M$2.66M$2.91M$1.74M$3.55M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$36.05M$29.65M$37.41M$39.26M$22.72M$24.35M$14.08M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 7.78Mshares 7.87Mshares 8.42Mshares 8.62Mshares 4.52Mshares 3.87Mshares 3.29M
Pretax income$45.27M$36.99M$47.42M$49.85M$28.13M$28.57M$20.58M
Income tax expense$9.22M$7.34M$10.01M$10.59M$5.41M$4.22M$6.49M
Diluted EPS$4.56$3.70$4.37$4.49$5.01$6.29$4.28
Selling, general & administrative$13.07M$10.74M$10.79M$10.47M$9.72M$6.71M$6.20M
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

FS Bancorp, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Cash & equivalents$65.69M$41.44M$26.49M$91.58M$45.78M$32.78M$18.92M
Total assets$2.97B$2.63B$2.29B$2.11B$1.71B$1.62B$981.78M
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$2.71B$2.40B$2.04B$1.88B$1.51B$1.44B$859.78M
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$264.49M$231.70M$247.51M$230.01M$200.24M$180.04M$122.00M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$3.59M$2.31M$2.31M$2.31M$2.31M$2.31M$2.31M
Long-term debtUnavailable$186.53M$42.53M$165.81M$84.86MUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

FS Bancorp, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Operating cash flow$77.67M$184.90M$109.01M-$32.32M$9.18M$21.44M$15.08M
Capital expenditures$1.67M$1.55M$1.98M$1.38M$2.46M$3.80M$1.02M
Investing cash flow$77.67M-$504.04M-$310.83M-$270.69M-$55.20M-$186.96M-$169.41M
Financing cash flow-$131.08M$334.09M$136.74M$348.80M$59.02M$179.39M$136.79M
Net change in cash$24.25M$14.95M-$65.08MUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$2.01M$1.97M$1.45MUnavailable$869.00K$767.00K$634.00K
Common dividends paid$7.76M$7.10M$4.60M$3.57M$2.86M$1.92M$1.33M
Common share repurchases$223.00K$15.63M$13.96M$9.80M$4.80M$251.00K$275.00K
Depreciation & amortization$2.60M$2.50M$2.70M$2.80M$2.80M$1.80M$1.60M

Derived

FS Bancorp, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Free cash flow$76.00M$183.35M$107.02M-$33.70M$6.71M$17.64M$14.07M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailable3556.8%-1264.4%230.5%1010.9%396.5%
SBC / revenueUnavailableUnavailable48.1%UnavailableUnavailable44.0%17.9%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth44.8%5.8%12.9%-8.5%66.9%-50.8%Unavailable
Net marginUnavailableUnavailable1243.3%1473.3%779.8%1395.2%397.0%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailable65.9%51.7%84.6%217.5%28.6%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate20.4%19.8%21.1%21.2%19.2%14.8%31.6%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FSBW in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-03-13View SEC filing
10-Q · Filed 2025-11-10View SEC filing
10-Q · Filed 2025-08-08View SEC filing
10-Q · Filed 2025-05-09View SEC filing

Companies in the same industry

AVBC BBT BSBK ECBK EWSB FBLA FLG FMFG FNWB GCBC GOVB HBCP

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.