FS Bancorp, Inc. (FSBW)
Operating cash flow minus capital spending left $51.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $43.9M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.
Key facts about FS Bancorp, Inc.
- Net worth
- FS Bancorp, Inc. has a market value (market cap) of $324.6M at the latest share price, and shareholders' equity of $333.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $72.3M of cash; after $20.4M of capital spending, free cash flow was $51.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- FS Bancorp, Inc.'s next report is expected around January 20, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- FS Bancorp, Inc. paid dividends of $1.34 per share in fiscal 2025, a yield of 3.07% at the current price.
What FS Bancorp, Inc. does
FS Bancorp, Inc. is registered with the SEC under industry code SIC 6036 (Savings Institutions, Not Federally Chartered). Its shares trade on NASDAQ under the ticker FSBW.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | $33.3M | $4.29 | $51.9M |
| 2024 | n/a | $35M | $4.36 | $49.2M |
| 2023 | $4.6M | $36.1M | $4.56 | $76M |
| 2022 | $8.5M | $29.6M | $3.70 | $183.3M |
| 2021 | $4.3M | $37.4M | $4.37 | $107M |
| 2020 | $2.7M | $39.3M | $4.49 | -$33.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Dividends
FS Bancorp, Inc. paid $1.34 per share in fiscal 2025. At the current price that is a yield of 3.07%. It paid out $10.3M in cash dividends, 31% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.34 | $10.3M | 31% |
| 2024 | $1.06 | $8.3M | 24% |
| 2023 | $1.00 | $7.8M | 22% |
| 2022 | $0.90 | $7.1M | 24% |
| 2021 | $0.56 | $4.6M | 12% |
| 2020 | $0.42 | $3.6M | 9% |
Latest SEC filings
What FS Bancorp, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- October 23, 2026
- October 21, 2026
- August 24, 2026Other event 8-K
- August 21, 2026Other event 8-K
- August 11, 2026
- August 10, 2026
- July 21, 2026
- July 13, 2026
- June 29, 2026
What is FSBW worth? A DCF from its reported cash flow
Insider trades
What the people running FS Bancorp, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $434.7K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Crowl BenChief Lending Officer, EVP | Sold | 5,399 | $236.4K |
| November 4, 2026 | Costa Donn CChief Home Lending Officer/EVP | Sold | 1,000 | $44.7K |
| November 4, 2026 | Crowl BenChief Lending Officer, EVP | Exercised options | 748 | $18.2K |
| November 4, 2026 | Crowl BenChief Lending Officer, EVP | Exercised options | 1,856 | $39.6K |
| November 4, 2026 | Crowl BenChief Lending Officer, EVP | Shares withheld for tax | 2,604 | $115.8K |
| October 29, 2026 | Leech Ted A.Director | Sold | 6 | $276.9 |
| October 26, 2026 | Costa Donn CChief Home Lending, EVP | Exercised options | 36,800 | $1.1M |
| October 26, 2026 | Costa Donn CChief Home Lending, EVP | Shares withheld for tax | 36,800 | $1.6M |
Who owns FSBW
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| T. Rowe Price Investment Management, Inc.13G, passive | 13.1% | November 14, 2024 |
| De Lisle Partners LLP13G, passive | 5.1% | February 11, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 109 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 488,775 | +51,988 |
| Dimensional Fund Advisors LP | 421,646 | +3,358 |
| De Lisle Partners LLP | 391,651 | 0 |
| Vanguard Capital Management LLC | 294,351 | -30,902 |
| Pacific Ridge Capital Partners, LLC | 206,499 | -1,595 |
| Geode Capital Management, LLC | 166,440 | +13,432 |
| Tcw Group Inc | 154,429 | +2,400 |
| State Street Corp | 128,043 | -262 |
| Alliancebernstein L.P. | 137,519 | -7,320 |
| Renaissance Technologies LLC | 113,513 | +4,628 |
| Royce & Associates LP | 101,342 | +3,256 |
| Bridgeway Capital Management, LLC | 87,750 | +2,456 |
| American Century Companies Inc | 85,640 | 0 |
| Northern Trust Corp | 73,376 | -126 |
| Stilwell Value LLC | 70,000 | -2,000 |
| Siena Capital Partners GP, LLC | 52,441 | 0 |
| Bank of New York Mellon Corp | 49,529 | +1,070 |
| Vanguard Portfolio Management LLC | 43,706 | +6,526 |
| Vanguard Fiduciary Trust Co | 41,723 | +2,018 |
| Empowered Funds, LLC | 41,313 | +1,490 |
Insiders
17 insiders reported holding 486,914 shares in total, about $21.3M at the last price.
| Holder | Shares |
|---|---|
| Mullet Matthew D.President & CEO of the Bank | 112,416 |
| Adams Joseph C.Director | 96,276 |
| Costa Donn CChief Home Lending Officer/EVP | 75,172 |
| Mansfield Michael J.Director | 70,882 |
| Burr ErinCRO & CRA Officer, EVP | 32,906 |
| Jarman VictoriaCHR & WOW! Officer, EVP | 24,757 |
| Nielsen KelliChief Retail Banking, EVP | 18,284 |
| Andrews Pamela MarieDirector | 13,199 |
| Allen ShanaChief Information Office, EVP | 9,042 |
| Zavaglia Joseph P.Director | 7,468 |
Questions about FSBW
What does FS Bancorp, Inc. do?
FS Bancorp, Inc. is a company in the Finance sector, listed on NASDAQ as FSBW. Its shares trade on NASDAQ under the ticker FSBW.
What is FS Bancorp, Inc.'s net worth?
FS Bancorp, Inc. has a market value (market cap) of $324.6M at the latest share price, and shareholders' equity of $333.2M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is FS Bancorp, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $29.1M.
When did FS Bancorp, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.
When is FS Bancorp, Inc.'s next earnings report?
FS Bancorp, Inc.'s next report is expected around January 20, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does FS Bancorp, Inc. pay a dividend?
Yes. FS Bancorp, Inc. paid dividends of $1.34 per share in fiscal 2025, a yield of 3.07% at the current price.
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Where the numbers come from
Financial figures are the values FS Bancorp, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.