FS Bancorp, Inc. (FSBW) Earnings History
Annual and quarterly earnings data from 2006 to 2025
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FSBW EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
FSBW Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 66.5% | 20.6% | 15.3% |
| 2024 | 67.0% | 20.4% | 17.2% |
| 2023 | 73.7% | 24.4% | 19.5% |
| 2022 | 84.6% | 27.6% | 22.1% |
| 2021 | 92.2% | 36.2% | 28.5% |
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FS Bancorp, Inc. (FSBW) Earnings Overview
As of May 8, 2026, FS Bancorp, Inc. (FSBW) reported trailing twelve-month net income of $33M, reflecting -1.8% year-over-year growth. The company earned $4.36 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 ($243M net income, 16.0% margin), HFWA ($68M net income, 20.1% margin), COLB ($550M 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% |
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Start ComparisonFSBW — Frequently Asked Questions
Quick answers to the most common questions about buying FSBW stock.
Is FSBW growing earnings?
FSBW EPS of $4.36 reflects slowing growth at -1.8%, below the 5-year CAGR of -1.0%. TTM net income is $33M. Expansion rate has moderated.
What are FSBW's profit margins?
FS Bancorp, Inc. net margin is +15.3%, with operating margin at +20.6%. Above-average margins indicate pricing power.
How consistent are FSBW's earnings?
FSBW earnings data spans 2006-2025. The current earnings trend is -1.8% YoY. Historical data enables comparison across business cycles.