FS Bancorp Past Earnings Performance

Past criteria checks 5/6

FS Bancorp has been growing earnings at an average annual rate of 3%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 7.9% per year. FS Bancorp's return on equity is 13%, and it has net margins of 26.4%.

Key information

3.0%

Earnings growth rate

6.1%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	7.9%
Return on equity	13.0%
Net Margin	26.4%
Last Earnings Update	30 Sep 2024

Recent past performance updates

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

Revenue & Expenses Breakdown

How FS Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqCM:FSBW Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	139	37	73
30 Jun 24	139	36	72
31 Mar 24	139	36	71
31 Dec 23	139	35	71
30 Sep 23	136	33	70
30 Jun 23	131	33	67
31 Mar 23	122	30	65
31 Dec 22	116	29	63
30 Sep 22	116	30	63
30 Jun 22	117	30	64
31 Mar 22	120	32	64
31 Dec 21	124	37	63
30 Sep 21	125	40	61
30 Jun 21	127	44	58
31 Mar 21	125	46	53
31 Dec 20	116	39	51
30 Sep 20	106	34	48
30 Jun 20	96	28	46
31 Mar 20	92	23	48
31 Dec 19	90	23	47
30 Sep 19	88	28	44
30 Jun 19	81	25	42
31 Mar 19	75	25	39
31 Dec 18	70	24	37
30 Sep 18	67	16	36
30 Jun 18	66	16	36
31 Mar 18	65	16	35
31 Dec 17	64	14	34
30 Sep 17	61	13	33
30 Jun 17	60	13	32
31 Mar 17	58	11	31
31 Dec 16	55	10	29
30 Sep 16	52	10	28
30 Jun 16	48	9	25
31 Mar 16	45	8	24
31 Dec 15	43	9	23
30 Sep 15	41	8	22
30 Jun 15	38	8	21
31 Mar 15	34	6	20
31 Dec 14	30	5	19
30 Sep 14	28	4	17
30 Jun 14	26	3	16
31 Mar 14	26	4	16
31 Dec 13	26	4	15

Quality Earnings: FSBW has high quality earnings.

Growing Profit Margin: FSBW's current net profit margins (26.4%) are higher than last year (24.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FSBW's earnings have grown by 3% per year over the past 5 years.

Accelerating Growth: FSBW's earnings growth over the past year (10.4%) exceeds its 5-year average (3% per year).

Earnings vs Industry: FSBW earnings growth over the past year (10.4%) exceeded the Banks industry -11.8%.

Return on Equity

High ROE: FSBW's Return on Equity (13%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing 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 Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

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

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Full year 2023 earnings: EPS exceeds analyst expectations

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

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