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Fs Bancorp Inc.

FSBW

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FS Bancorp, a Washington corporation, was organized in September 2011 for the purpose of becoming the holding company of 1st Security Bank upon the Bank's conversion from a mutual to a stock savings bank ( Conversion ). At December 31, 2025, the Company had consolidated total assets of $3.2 billion, total loans receivable, net of $2.62 billion, total deposits of $2.67 billion, and total stockho…

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$327M
EPS$4.35
P/E10.12
Div. Yield3.13%
Net Margin–
P/Book1.0x
Fs Bancorp Inc. intrinsic value
52-Week Range
$37.04$45.27

Profitability & Returns

Revenue

N/A

Net Income (TTM)

$33M

▼ -4.8% YoY

Net Margin

–

P/E

10.12

Balance Sheet

Total Assets

$3.18B

Equity

$319M

Total Debt

$331M

Cash & Equiv.

$30M

Continue Research

Peers

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Held by ETFs

FSBW is in 15 US ETFs. The largest of them, with FSBW's weight in each:

Fs Bancorp (FSBW) in four numbers

Fair value (book value)
$31.80
Price $44.03 is 38% above it.
Intrinsic Value
Quality score
64/100
Best check: book value growth, 17.3%. Weakest: margin trend, -21876.3pp.
Quality
Dividend (TTM)
$1.36
3.13% yield, raised 10 years in a row.
Dividends
P/E
10.12
Price to free cash flow 3.33.
Financials

Questions about Fs Bancorp

Is Fs Bancorp (FSBW) overvalued?

At $44.03, Fs Bancorp's price is 38% above the $31.80 a share fair value that Intrinsiqq's calculator gets from its book value. It trades at 10.12 times earnings and 3.33 times free cash flow. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.

What is Fs Bancorp's fair value?

Intrinsiqq's calculator puts Fs Bancorp's fair value at $31.80 a share. It grows book value per share 0% a year for 5 years, applies an exit P/B of 1, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $23.85. Every input can be changed on the Intrinsic Value tab.

Is Fs Bancorp a high-quality business?

Fs Bancorp scores 64 out of 100 on Intrinsiqq's quality score, which makes it a solid business on these measures. The score blends 7 checks computed from SEC filings. Its best check is book value growth at 17.3%, and its weakest is margin trend at -21876.3pp. The Quality tab shows every check against its target.

Does Fs Bancorp (FSBW) pay a dividend, and how much?

Yes. Fs Bancorp (FSBW) pays a dividend: $1.36 per share over the last twelve months, a dividend yield of 3.13% at the latest close. It has raised its dividend per share for 10 years in a row, growing at 26.7% a year over the last 5 years. The payout takes about 30.7% of earnings.

Source: 10-Q filed 5 Aug 2026 (period ending 30 Jun 2026), SEC. Price: last close 30 Oct 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

Spot a number that looks wrong? Check it in FSBW's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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