FS Bancorp Future Growth

Future criteria checks 0/6

FS Bancorp is forecast to grow earnings and revenue by 1.5% and 6% per annum respectively. EPS is expected to grow by 1.5% per annum. Return on equity is forecast to be 11.2% in 3 years.

Key information

1.5%

Earnings growth rate

1.5%

EPS growth rate

Banks earnings growth	10.7%
Revenue growth rate	6.0%
Future return on equity	11.2%
Analyst coverage	Low
Last updated	18 Dec 2024

Recent future growth updates

FS Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Oct 25

Recent updates

FS Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Oct 25

FS Bancorp (NASDAQ:FSBW) Has Announced That It Will Be Increasing Its Dividend To $0.27

Jul 18

Earnings and Revenue Growth Forecasts

NasdaqCM:FSBW - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	159	38	N/A	N/A	2
12/31/2025	150	35	N/A	N/A	2
12/31/2024	141	36	N/A	N/A	2
9/30/2024	139	37	21	22	N/A
6/30/2024	139	36	61	46	N/A
3/31/2024	139	36	75	59	N/A
12/31/2023	139	35	76	78	N/A
9/30/2023	136	33	84	86	N/A
6/30/2023	131	33	96	98	N/A
3/31/2023	122	30	103	105	N/A
12/31/2022	116	29	183	185	N/A
9/30/2022	116	30	173	173	N/A
6/30/2022	117	30	164	165	N/A
3/31/2022	120	32	187	189	N/A
12/31/2021	124	37	107	109	N/A
9/30/2021	125	40	164	167	N/A
6/30/2021	127	44	76	78	N/A
3/31/2021	125	46	15	16	N/A
12/31/2020	116	39	-34	-32	N/A
9/30/2020	106	34	-88	-87	N/A
6/30/2020	96	28	-24	-22	N/A
3/31/2020	92	23	-30	-28	N/A
12/31/2019	90	23	7	9	N/A
9/30/2019	88	28	-4	-1	N/A
6/30/2019	81	25	0	4	N/A
3/31/2019	75	25	18	22	N/A
12/31/2018	70	24	18	21	N/A
9/30/2018	67	16	30	32	N/A
6/30/2018	66	16	N/A	26	N/A
3/31/2018	65	16	N/A	2	N/A
12/31/2017	64	14	N/A	15	N/A
9/30/2017	61	13	N/A	28	N/A
6/30/2017	60	13	N/A	20	N/A
3/31/2017	58	11	N/A	43	N/A
12/31/2016	55	10	N/A	4	N/A
9/30/2016	52	10	N/A	-13	N/A
6/30/2016	48	9	N/A	-12	N/A
3/31/2016	45	8	N/A	-20	N/A
12/31/2015	43	9	N/A	-7	N/A
9/30/2015	41	8	N/A	-20	N/A
6/30/2015	38	8	N/A	-14	N/A
3/31/2015	34	6	N/A	-12	N/A
12/31/2014	30	5	N/A	-4	N/A
9/30/2014	28	4	N/A	-2	N/A
6/30/2014	26	3	N/A	4	N/A
3/31/2014	26	4	N/A	16	N/A
12/31/2013	26	4	N/A	6	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSBW's forecast earnings growth (1.5% per year) is below the savings rate (2.6%).

Earnings vs Market: FSBW's earnings (1.5% per year) are forecast to grow slower than the US market (15.2% per year).

High Growth Earnings: FSBW's earnings are forecast to grow, but not significantly.

Revenue vs Market: FSBW's revenue (6% per year) is forecast to grow slower than the US market (9.1% per year).

High Growth Revenue: FSBW's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FSBW's Return on Equity is forecast to be low in 3 years time (11.2%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/23 04:17
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

FS Bancorp, Inc. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Rulis	D.A. Davidson & Co.
null null	D.A. Davidson & Co.
Timothy Coffey	Janney Montgomery Scott LLC

FS Bancorp Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

FS Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Price target increased by 14% to US$41.00

Price target decreased by 8.9% to US$36.00

Price target decreased by 9.5% to US$33.50

Price target increased by 14% to US$37.50

Consensus revenue estimates increase by 14%

Recent updates

CEO & Director exercised options and sold US$666k worth of stock

Third quarter dividend of US$0.27 announced

FS Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

FS Bancorp, Inc. Announces Net Charge-Offs for the Three Months Ended September 30, 2024

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

FS Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 21, 2024

FS Bancorp, Inc. Appoints Terri L. Degner to Board of Directors

President exercised options and sold US$176k worth of stock

President exercised options and sold US$219k worth of stock

Upcoming dividend of US$0.27 per share

Price target increased by 14% to US$41.00

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

FS Bancorp, Inc. and 1st Security Bank Announce Promotion of Matthew D. Mullet to President

FS Bancorp (NASDAQ:FSBW) Has Announced That It Will Be Increasing Its Dividend To $0.27

First quarter dividend of US$0.27 announced

Investor sentiment improves as stock rises 20%

FS Bancorp, Inc. (NasdaqCM:FSBW) announces an Equity Buyback for $5 million worth of its shares.

FS Bancorp, Inc. Announces Increase in its Cash Dividend, Payable on August 21, 2024

FS Bancorp, Inc.(NasdaqCM:FSBW) dropped from Russell 2500 Growth Index

FS Bancorp, Inc. Announces Executive Promotions

Price target decreased by 8.9% to US$36.00

First quarter dividend of US$0.26 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

FS Bancorp, Inc. Declares Quarterly Dividend, Payable on May 23, 2024

FS Bancorp, Inc., Annual General Meeting, May 23, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Independent Director exercised options and sold US$263k worth of stock

Upcoming dividend of US$0.26 per share at 2.8% yield

FS Bancorp's (NASDAQ:FSBW) Dividend Will Be Increased To $0.26

Fourth quarter dividend increased to US$0.26

FS Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

Full year 2023 earnings: EPS exceeds analyst expectations

FS Bancorp, Inc. Approves Increase in the Quarterly Dividend, Payable on February 22, 2024

Independent Director exercised options and sold US$202k worth of stock

Price target decreased by 9.5% to US$33.50

Upcoming dividend of US$0.25 per share at 3.5% yield

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

FS Bancorp, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

FS Bancorp, Inc. (NasdaqCM:FSBW) announces an Equity Buyback for 2.5% of its issued share capital, for $5 million.

Upcoming dividend of US$0.25 per share at 3.3% yield

Second quarter 2023 earnings: EPS misses analyst expectations

FS Bancorp, Inc. Approves Quarterly Cash Dividend, Payable on August 24, 2023

Chief Credit Officer recently sold US$144k worth of stock

Upcoming dividend of US$0.25 per share at 3.4% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorates as stock falls 16%

1St Security Bank Announces the Promotion of Shana Allen to Executive Vice President

Price target increased by 14% to US$37.50

Consensus revenue estimates increase by 14%

Upcoming dividend of US$0.25 per share at 2.8% yield

Broker Revenue Forecasts For FS Bancorp, Inc. (NASDAQ:FSBW) Are Surging Higher

FS Bancorp, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

FS Bancorp, Inc. Announces Quarterly Dividend, Payable on February 23, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

1st Security Bank of Washington Announces Receipt of Regulatory Approvals to Buy Seven Washington and Oregon Branches from Columbia State Bank

Insufficient new directors

Chief Credit Officer recently sold US$78k worth of stock

Upcoming dividend of US$0.20 per share

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

FS Bancorp, Inc. Approves Quarterly Dividend, Payable on November 23, 2022

Chief Credit Officer recently sold US$460k worth of stock

Independent Director exercised options and sold US$119k worth of stock

Upcoming dividend of US$0.20 per share

FS Bancorp, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Second quarter 2022 earnings released: EPS: US$0.84 (vs US$1.00 in 2Q 2021)

FS Bancorp, Inc.(NasdaqCM:FSBW) dropped from Russell 2000 Defensive Index

FS Bancorp, Inc. and 1st Security Bank of Washington Announce Retirement of Mark H. Tueffers from the Board of Directors

Independent Director recently sold US$75k worth of stock

Price target decreased to US$34.67