FS Bancorp, Inc.
FSBWFinancial ServicesNASDAQBanks - Regional
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Daily timeframeFS 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. At a $301.8M market cap, FS Bancorp, Inc. ranks as a small-cap company within financial services. The company operates in two segments, Commercial and Consumer Banking; and Home Lending.
Market Cap
$301.8M
Beta
0.67
P/E (TTM)
9.47
P/E (Fwd)
7.94
EPS (TTM)
$4.30
EPS (Fwd)
$5.13
ROE
10.8%
ROA
1.1%
Cash
$42.5M
Total Debt
$222.8M
Free CF
—
52W Change
6.7%
Annual Financials
Cash vs Debt
FS Bancorp, Inc. carries $222.8M in total debt against $42.5M in cash reserves — debt is roughly 5.2x the cash position. Managing this leverage effectively will be important for long-term financial stability. ROE of 10.8% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 1.1% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $119.7M (2022) to $149.8M (2025), reflecting a 25% increase over the period.
FSBW's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. FS Bancorp, Inc. carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence FS Bancorp, Inc.'s trajectory.