FS Bancorp, Inc. (FSBW) Earnings History
Earnings Pressure20 years of earnings data (2006–2025) · 5-year EPS trend is negative
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FS Bancorp, Inc. (FSBW) Earnings Overview
As of June 28, 2026, FS Bancorp, Inc. (FSBW) reported trailing twelve-month net income of $33M, reflecting -1.8% year-over-year growth. The company earned $4.33 per diluted share over the past four quarters, with a net profit margin of 15.3%.
Looking at the long-term picture, FSBW's 5-year EPS compound annual growth rate (CAGR) stands at -1.0%, signaling declining earnings. The company achieved its highest annual net income of $39M in fiscal 2020.
FS Bancorp, Inc. maintains industry-leading profitability with a gross margin of 66.5%, operating margin of 20.6%, and net margin of 15.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including WAFD ($252M net income, 16.0% margin), HFWA ($73M net income, 20.1% margin), COLB ($655M net income, 17.1% margin), FSBW has room to improve margins relative to the peer group. Compare FSBW vs WAFD →
FSBW Earnings vs Peers
Earnings metrics vs comparable public companies
FSBW Historical Earnings Data (2006–2025)
19 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $33M | -4.8% | $45M | $4.28 | 15.3% | 20.6% |
| 2024 | $35M | -2.9% | $42M | $4.36 | 17.2% | 20.4% |
| 2023 | $36M | +21.6% | $45M | $4.56 | 19.5% | 24.4% |
| 2022 | $30M | -20.8% | $37M | $3.70 | 22.1% | 27.6% |
| 2021 | $37M | -4.7% | $47M | $4.32 | 28.5% | 36.2% |
| 2020 | $39M | +72.8% | $50M | $4.49 | 27.6% | 35.1% |
| 2019 | $23M | -6.7% | $28M | $2.50 | 20.7% | 25.7% |
| 2018 | $24M | +72.9% | $29M | $3.15 | 30.8% | 36.1% |
| 2017 | $14M | +34.2% | $21M | $2.14 | 21.2% | 30.9% |
| 2016 | $10M | +18.3% | $16M | $1.76 | 17.7% | 27.2% |
| 2015 | $9M | +95.5% | $14M | $1.47 | 18.6% | 28.8% |
| 2014 | $5M | +15.8% | $6M | $0.76 | 13.6% | 19.3% |
| 2013 | $4M | -26.0% | $6M | $0.65 | 13.6% | 20.6% |
| 2012 | $5M | +242.7% | $3M | $0.88 | 22.8% | 13.8% |
| 2011 | $2M | -3.6% | $2M | $0.24 | 8.7% | 8.7% |
| 2010 | $2M | +135.0% | $2M | $0.25 | 8.0% | 8.0% |
| 2009 | -$5M | -10.8% | -$5M | $-0.71 | -23.4% | -23.4% |
| 2007 | -$4M | -431.5% | -$4M | $-0.64 | -19.7% | -18.4% |
| 2006 | $1M | - | $2M | $0.19 | 5.7% | 8.3% |
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FSBW — Frequently Asked Questions
Quick answers to the most common questions about buying FSBW stock.
What is FSBW earnings per share (EPS)?
FSBW trailing twelve-month (TTM) diluted EPS is $4.33, reflecting -1.8% year-over-year growth. The 5-year EPS CAGR is -1.0%. Complete EPS history from 2006 to 2025 is available in the table on this page.
What is FS Bancorp, Inc.'s net income?
FS Bancorp, Inc. (FSBW) trailing twelve-month net income is $33M as of 2025. Earnings declined -1.8% year-over-year. FS Bancorp, Inc. has been profitable for 16 consecutive years.
Is FSBW profitable?
Yes, FSBW is profitable with a TTM net income of $33M and a net profit margin of +15.3%. FS Bancorp, Inc. has generated profits for 16 consecutive years.
What is FSBW's earnings growth rate?
FSBW compound annual EPS growth rates (CAGR): 1-Year: -1.8%, 3-Year: +5.0%, 5-Year: -1.0%, 10-Year: +11.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2006 to 2025.
What are FSBW's profit margins?
FS Bancorp, Inc. net profit margin is +15.3%, operating margin is +20.6%, and gross margin is +66.5%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +11.1%.
Is FSBW growing earnings?
FSBW earnings growth is slowing. Current YoY EPS growth of -1.8% trails the 5-year CAGR of -1.0%. TTM net income is $33M.
What was FSBW's best earnings year?
FS Bancorp, Inc.'s highest annual net income on record is $39M, achieved in fiscal year 2020. Earnings history on this page spans 2006 to 2025 and includes all annual and quarterly figures.
What were FSBW's earnings last quarter?
FSBW's most recent reported quarter was Q1 2026. Net income was $8M with diluted EPS of $1.02. For a full breakdown of all quarters, see the quarterly earnings table on this page.