FS Bancorp, Inc. (FSBW) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	178.7M	217.5M	203.7M	185.3M	134.1M
Cost of Revenue	75.4M	72.8M	67.2M	48.7M	20.6M
Gross Profit	103.3M	144.7M	136.5M	136.6M	113.5M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	44.5M	58.6M	58.4M	57.4M	49.8M
General & Admin Expense	43.2M	57.3M	57.1M	56.0M	48.9M
Selling & Marketing Expense	1.4M	1.3M	1.3M	1.3M	897.0K
Other Expenses	33.3M	41.4M	36.5M	34.0M	26.7M
Total Operating Expenses	77.8M	100.0M	94.9M	91.3M	76.5M
Cost and Expenses	153.2M	172.8M	162.1M	140.0M	97.1M
Operating Income (EBIT)	25.5M	44.7M	41.6M	45.3M	37.0M
Non-Operating
Interest Income	103.8M	197.2M	184.8M	167.2M	118.7M
Interest Expense	68.2M	66.8M	61.7M	43.9M	14.4M
Net Interest Income	35.5M	130.4M	123.1M	123.3M	104.3M
Other Non-Op Income/Expense	16.3M	(3.6M)	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	41.8M	41.1M	41.6M	45.3M	37.0M
Income Tax Expense	8.5M	7.8M	6.6M	9.2M	7.3M
Bottom Line
Net Income	33.4M	33.3M	35.0M	36.1M	29.6M
Earnings from Cont. Ops	33.4M	33.3M	35.0M	36.1M	29.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	33.2M	32.9M	34.5M	35.5M	29.1M
Per Share
Basic EPS	$4.44	$4.34	$4.48	$4.63	$3.75
Diluted EPS	$4.34	$4.28	$4.36	$4.56	$3.70
Revenue Per Share	$23.77	$28.93	$26.46	$23.79	$16.96
Shares
Basic Shares Outstanding	7.5M	7.5M	7.7M	7.8M	7.9M
Diluted Shares Outstanding	7.7M	7.7M	7.9M	7.9M	8.0M
Profitability Metrics
EBITDA	29.5M	55.0M	52.1M	57.9M	51.0M
D&A	4.0M	10.2M	10.6M	12.6M	14.0M
EBIT	25.5M	44.7M	41.6M	45.3M	37.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026