FS Bancorp Inc
Research FS Bancorp Inc (FSBW) on Bullrun: valuation model: 5.8% undervalued, market cap USD 329.39M, P/E 10.2, dividend yield 2.6%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerFSBW
- ExchangeNASDAQ
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal5.8% undervalued
- Market capUSD 329.39M
- P/E10.2
- Dividend yield2.6%
- Financial periodQ2 2026
- RevenueUSD 37.90M
- Net incomeUSD 7.94M
- Free cash flowUSD 51.42M
Valuation Snapshot
Bullrun's latest valuation model marks FS Bancorp Inc as 5.8% undervalued; latest market cap is USD 329.39M; P/E is 10.2; dividend yield is 2.6%.
Peer valuation comparison
Latest P/E is 10.21x versus a Financial Services sector median of 13.41x (23.9% below).
Latest dividend yield is 2.58% versus a Financial Services sector median of 3.66% (29.4% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 149.77M | USD 33.30M | USD 51.94M | n/a | 4.29 | USD 28.22M | USD 129.31M | USD 307.69M |
| FY2024 | USD 141.98M | USD 35.00M | USD 49.19M | n/a | 4.36 | USD 31.64M | USD 307.81M | USD 295.77M |
| FY2023 | USD 4.61M | USD 36.10M | USD 76.00M | n/a | 4.56 | USD 65.69M | USD 93.75M | USD 264.49M |
| FY2022 | USD 3.19M | USD 29.60M | USD 183.35M | n/a | 3.7 | USD 41.44M | USD 373.06M | USD 231.70M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 329.39M | 10.2 | 2.6% | 1.15 |
| 2025 | 2025-12-31 | USD 309.08M | 9.6 | 3.3% | 1.34 |
| 2024 | 2024-12-31 | USD 321.62M | 9.3 | 2.6% | 1.06 |
| 2023 | 2023-12-29 | USD 288.21M | 8.6 | 2.7% | 1 |
| 2022 | 2022-12-30 | USD 257.64M | 8.9 | 2.7% | 0.9 |
| 2021 | 2021-12-31 | USD 274.75M | 7.8 | 1.7% | 0.56 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.15 USD, yield 2.6%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.34 USD |
| FY2024 | 1.06 USD |
| FY2023 | 1 USD |
| FY2022 | 0.9 USD |
About FS Bancorp Inc
FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches in Washington. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.
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Frequently asked questions
Is FS Bancorp Inc overvalued or undervalued?
Bullrun's valuation model currently marks FS Bancorp Inc as 5.8% undervalued.
What is FS Bancorp Inc's market cap?
FS Bancorp Inc's market capitalization is USD 329.39M.
What is FS Bancorp Inc's P/E ratio?
FS Bancorp Inc's price-to-earnings (P/E) ratio is 10.2.
Does FS Bancorp Inc pay a dividend?
FS Bancorp Inc has a dividend yield of 2.6%.
What does FS Bancorp Inc do?
FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches in Washington. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit.