Financial Snapshot

Revenue
$49.34M
TTM
Gross Margin
Net Earnings
$27.64M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$295.8M
Q4 2024
Cash
Q4 2024
P/E
13.08
Nov 29, 2024 EST
Free Cash Flow
$8.489M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue $184.8M $4.612M $3.185M $96.37M $88.84M $89.63M $38.02M $31.71M $24.84M $21.73M $18.79M $16.48M
YoY Change 3907.74% 44.8% -96.7% 8.48% -0.88% 19.91% 27.63% 14.31% 15.68% 14.01%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Revenue $184.8M $4.612M $3.185M $96.37M $88.84M $89.63M $38.02M $31.71M $24.84M $21.73M $18.79M $16.48M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

Operating Profits/Loss

No data

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Selling, General & Admin $13.53M $13.07M $10.74M $10.79M $10.47M $9.722M $6.000M $4.376M $3.479M $3.026M $2.530M $1.949M
YoY Change 3.51% 21.66% -0.44% 3.06% 7.7% 37.11% 25.78% 14.97% 19.6% 29.81%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $2.600M $2.500M $2.700M $2.800M $2.800M $5.300M $3.900M $1.400M $1.200M $1.100M $914.0K $833.0K $760.0K $900.0K $1.000M
YoY Change -3.85% 4.0% -7.41% -3.57% 0.0% -47.17% 35.9% 178.57% 16.67% 9.09% 20.35% 9.72% 9.61% -15.56% -10.0%
% of Gross Profit
Operating Expenses $13.53M $13.07M $10.74M $10.79M $10.47M $9.722M $6.000M $4.376M $3.479M $3.026M $2.530M $1.949M
YoY Change 3.51% 21.66% -0.44% 3.06% 7.7% 37.11% 25.78% 14.97% 19.6% 29.81%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Interest Expense $43.89M $14.41M $9.725M $14.72M $19.32M $4.163M $3.658M $2.702M $2.178M $2.363M $3.006M
YoY Change 204.49% 48.22% -33.92% -23.81% 13.81% 35.38% 24.06% -7.83% -21.39%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Pretax Income $41.58M $45.27M $36.99M $47.42M $49.85M $28.13M $28.60M $20.60M $16.10M $13.75M $6.471M $5.939M $3.198M $1.545M $1.600M -$4.600M
YoY Change -8.15% 22.4% -22.0% -4.87% 77.21% -1.64% 38.83% 27.93% 17.12% 112.47% 8.96% 85.71% 106.99% -3.44% -134.78% 21.05%
Income Tax $6.557M $9.219M $7.339M $10.01M $10.59M $5.413M $4.200M $6.900M $5.604M $4.873M $1.931M $2.019M -$2.097M $0.00 $0.00 $0.00
% Of Pretax Income 15.77% 20.36% 19.84% 21.11% 21.24% 19.24% 14.69% 33.5% 34.8% 35.44% 29.84% 34.0% -65.57% 0.0% 0.0%
Net Earnings $35.02M $36.05M $29.65M $37.41M $39.26M $22.72M $24.30M $14.10M $10.50M $8.876M $4.540M $3.920M $5.295M $1.545M $1.600M -$4.600M
YoY Change -2.85% 21.6% -20.75% -4.72% 72.84% -6.51% 72.34% 34.3% 18.29% 95.51% 15.82% -25.97% 242.72% -3.44% -134.78% 21.05%
Net Earnings / Revenue 18.95% 781.72% 930.89% 38.82% 44.2% 25.35% 27.61% 27.99% 18.28% 18.04% 28.18% 9.38%
Basic Earnings Per Share $4.48 $4.63 $3.75 $4.42 $4.57 $5.13 $3.63 $2.98 $1.52 $1.29 $1.76
Diluted Earnings Per Share $4.36 $4.56 $3.70 $4.32 $4.49 $5.01 $3.156M $2.136M $3.51 $2.93 $1.52 $1.29 $1.76 $246.2K -$707.7K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

No data

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $37.21M $31.35M $31.10M $32.30M $33.80M $29.10M $15.50M $16.00M $13.90M $13.60M $13.80M $12.70M $9.900M $9.200M $9.700M
YoY Change 18.7% 0.79% -3.72% -4.44% 16.15% 87.74% -3.13% 15.11% 2.21% -1.45% 8.66% 28.28% 7.61% -5.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.81M $6.670M $0.00 $800.0K $1.900M $0.00
YoY Change 122.05% -100.0% -57.89%
Total Long-Term Assets
YoY Change
Total Assets $2.973B $2.633B $2.286B $2.113B $1.713B $1.622B $981.8M $827.9M $677.6M $509.8M $419.2M $359.0M $283.8M $292.3M $281.8M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $6.848M $6.474M $4.800M $5.200M $5.200M
YoY Change 5.78% 34.88% -7.69% 0.0%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.848M $6.474M $4.800M $5.200M $5.200M
YoY Change 5.78% 34.88% -7.69% 0.0%
Long-Term Debt $49.53M $49.46M $49.40M $10.00M $9.900M $9.900M $9.800M $9.800M $9.800M $0.00 $0.00 $6.800M $8.900M $21.90M $25.90M
YoY Change 0.13% 0.12% 394.0% 1.01% 0.0% 1.02% 0.0% 0.0% -100.0% -23.6% -59.36% -15.44%
Other Long-Term Liabilities $35.74M $31.00M $25.20M $28.10M $18.50M $20.00M $12.00M $10.60M $7.200M $5.600M $3.300M $3.300M $1.700M $1.700M $1.600M
YoY Change 15.29% 23.0% -10.32% 51.89% -7.5% 66.67% 13.21% 47.22% 28.57% 69.7% 0.0% 94.12% 0.0% 6.25%
Total Long-Term Liabilities $85.26M $80.46M $74.60M $38.10M $28.40M $29.90M $21.80M $20.40M $17.00M $5.600M $3.300M $10.10M $10.60M $23.60M $27.50M
YoY Change 5.97% 7.85% 95.8% 34.15% -5.02% 37.16% 6.86% 20.0% 203.57% 69.7% -67.33% -4.72% -55.08% -14.18%
Total Liabilities $2.708B $2.401B $2.039B $1.883B $1.513B $1.442B $859.8M $746.9M $602.2M $443.9M $356.9M $299.1M $257.0M $267.5M $258.5M
YoY Change 12.78% 17.77% 8.27% 24.48% 4.94% 67.67% 15.12% 24.03% 35.66% 24.38% 19.32% 16.38% -3.93% 3.48%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $361.54 Million

About FS Bancorp, Inc.

FS Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking and financial services through its subsidiary. The company is headquartered in Mountlake Terrace, Washington and currently employs 559 full-time employees. The company went IPO on 2011-10-06. The Bank provides loan and deposit services to customers who are predominantly small- and middle-market businesses and individuals in Washington and Oregon. The Bank has two segments: commercial and consumer banking and home lending. The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through the Bank branches, online banking platforms, mobile banking apps, and telephone banking. These products and services include deposit products, residential, consumer, business and commercial real estate lending portfolios, and cash management services. The home lending segment originates one-to-four-family residential mortgage loans primarily for sale in the secondary markets, as well as loans held for investment. A majority of these mortgage loans are sold to or securitized by FNMA, FHLMC, GNMA or the FHLB of Des Moines.

Industry: Savings Institutions, Not Federally Chartered Peers: ESSA Bancorp, Inc. Home Point Capital Inc. NorthEast Community Bancorp, Inc./MD/ Pioneer Bancorp, Inc./MD ONITY GROUP INC. Ponce Financial Group, Inc. Provident Bancorp, Inc. /MD/ Rocket Companies, Inc. TIMBERLAND BANCORP INC Western New England Bancorp, Inc.