FS Bancorp, Inc. (FSBW)

FS Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	175.79	170.86	154.95	111.65	90.74	84.13
Interest Income on Investments	13.71	13.98	12.25	7.05	5.64	4.71
Total Interest Income	189.51	184.84	167.19	118.69	96.37	88.84
Interest Paid on Deposits	54.61	53.16	36.75	9.42	6.93	11.98
Interest Paid on Borrowings	9.45	8.57	7.14	4.99	2.8	2.74
Total Interest Expense	64.06	61.73	43.89	14.41	9.73	14.72
Net Interest Income	125.45	123.11	123.3	104.28	86.65	74.12
Net Interest Income Growth (YoY)	2.97%	-0.16%	18.24%	20.35%	16.90%	5.42%
Gain (Loss) on Sale of Assets	0.14	8.36	-	-	-	-
Gain (Loss) on Sale of Investments	0.01	-7.84	-	-	-	0.3
Other Non-Interest Income	12.79	12.48	13.78	10.19	6.43	6.22
Total Non-Interest Income	20.87	21.56	20.49	18.11	37.51	55.36
Non-Interest Income Growth (YoY)	-2.54%	5.20%	13.15%	-51.73%	-32.24%	140.33%
Revenues Before Loan Losses	146.32	144.66	143.79	122.39	124.16	129.48
Provision for Loan Losses	6.65	5.51	4.77	6.22	0.5	13.04
Revenue	139.68	139.15	139.02	116.17	123.66	116.44
Revenue Growth (YoY)	0.61%	0.09%	19.67%	-6.06%	6.20%	28.72%
Salaries and Employee Benefits	54.72	53.29	51.61	45.66	46.5	35.77
Federal Deposit Insurance	2.12	2.01	2.39	1.22	0.64	0.83
Amortization of Goodwill & Intangibles	3.41	3.63	3.46	0.69	0.69	0.71
Selling, General & Administrative	23.56	22.47	19.17	17.25	16.88	14.78
Other Non-Interest Expense	16.99	16.21	15.64	13.46	13.59	12.54
Total Non-Interest Expense	100.79	97.61	92.14	78.29	78.3	64.62
EBT Excluding Unusual Items	38.89	41.54	46.88	37.89	45.36	51.82
Asset Writedown	0.05	0.04	-0.05	0	2.06	-1.97
Pretax Income	38.94	41.58	45.27	36.99	47.42	49.85
Income Tax Expense	5.52	6.56	9.22	7.34	10.01	10.59
Net Income	33.42	35.02	36.05	29.65	37.41	39.26
Preferred Dividends & Other Adjustments	0.62	0.57	0.58	0.55	0.61	0.55
Net Income to Common	32.8	34.45	35.48	29.1	36.8	38.72
Net Income Growth	-7.38%	-2.85%	21.60%	-20.75%	-4.72%	72.84%
Basic Shares Outstanding	8	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8	9
Shares Change (YoY)	1.28%	1.52%	-1.25%	-6.47%	-2.38%	-4.67%
EPS (Basic)	4.27	4.48	4.63	3.75	4.48	4.58
EPS (Diluted)	4.15	4.36	4.56	3.70	4.37	4.49
EPS Growth	-9.12%	-4.39%	23.24%	-15.33%	-2.67%	79.24%
Dividend Per Share	1.100	1.060	1.000	0.800	0.560	0.420
Dividend Growth	7.84%	6.00%	25.00%	42.86%	33.33%	29.23%
Effective Tax Rate	14.18%	15.77%	20.36%	19.84%	21.11%	21.24%

Updated Jul 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q