FS Bancorp/$FSBW

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About FS Bancorp

FS Bancorp Inc is the holding company of First Security Bank, a diversified lender with a focus on the origination of commercial real estate, one-to-four-family, and home equity loans, consumer loans, including a variety of indirect home improvement (fixture secured loans), and marine loans, and commercial business loans. The company has two operating segments; The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through Bank branches, automated teller machines, online banking platforms, mobile banking apps, and telephone banking; and The home lending segment originates one-to-four-family residential mortgage loans for sale in the secondary markets as well as loans held for investment.
Ticker
$FSBW
Sector
Finance
Primary listing
NASDAQ
Employees
593
Headquarters
Mountlake Terrace, United States
Website
www.fsbwa.com

FS Bancorp Metrics

BasicAdvanced
$325M
10.13
$4.38
0.66
$1.15
2.62%

Bulls say / Bears say

Earnings are holding up despite a difficult banking backdrop: second-quarter net income rose to $7.9 million from $7.7 million a year earlier, while diluted EPS increased to $1.04 from $0.99. First-half net income also edged higher to $15.8 million. (GlobeNewswire)
The home-lending business is recovering, with segment net income reaching $1.1 million compared with $352,000 a year earlier. Mortgage loan sales also rose to $156.1 million from $127.1 million, giving FS Bancorp a useful earnings contribution beyond its core banking operations. (GlobeNewswire)
Shareholder returns remain a clear strength: FS Bancorp approved its 54th consecutive quarterly dividend of $0.29 per share and repurchased $3.6 million of stock during the quarter. The proposed $34.6 million Pacific West Bancorp acquisition could also add scale if integration and regulatory approvals proceed smoothly. (GlobeNewswire, Last10K)
The funding base is under pressure: total deposits fell 7.2% sequentially to $2.45 billion, mainly because brokered deposits dropped by $201.1 million. The bank replaced some of that funding with borrowings, which may make future funding more sensitive to market conditions. (GlobeNewswire)
Credit costs are rising. The second-quarter provision for credit losses increased to $2.6 million from $2.0 million, while the first-half provision rose to $5.2 million from $3.6 million, driven by higher consumer charge-offs and a $2.3 million charge-off on a commercial construction loan amid leasing and property-value pressure. (GlobeNewswire)
Profitability has little room for error: net interest margin stayed at 4.30% as higher asset yields were offset by higher funding costs, while gross margins on mortgage loan sales narrowed to 2.98% from 3.06% a year earlier. That leaves earnings vulnerable if funding costs rise further or mortgage volumes weaken. (GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

Funds containing FS Bancorp

Funds
Fund name
Fund size
$FSBW weighting
SPDR Russell 2000 US Small Cap€R2US
€4.8B0.01%
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