FS Bancorp, Inc.
FSBW · Savings Institutions, Not Federally Chartered · 7.4M shares · -3%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$2M (gross $223K, SBC $2M)
Reference price $40.00 · est. market cap ~$297M — last insider sale, 2025-11-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B73FS Bancorp — high-ROE Washington thrift/commercial bank.
Strengths
- ROE 10.8% (88th pct), ROA (85th), strong FCF (85th)
Risks
- Mortgage/consumer-finance and rate sensitivity
- Regional concentration
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Buying back stockNet buyback — share count -3%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
10.8%
Return on assets
1.0%
Revenue growth (QoQ)
4.1%
Net-income growth
-4.8%
Free cash flow
$52M
Tangible book value
$294M
Cash & investments
$28M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-06 | COSTA DONN C | Other | 330 | $41.37 |
| 2026-05-06 | Mansfield Michael J. | Other | 423 | $41.37 |
| 2026-05-06 | Leech Ted A. | Other | 212 | $41.37 |
| 2026-05-06 | Cofer-Wildsmith Marina | Other | 393 | $41.37 |
| 2026-05-06 | Jarman Victoria | Other | 91 | $41.37 |
| 2026-05-06 | Zavaglia Joseph P. | Other | 60 | $41.37 |
| 2026-05-06 | Whittington Phillip Dean | Other | 91 | $41.37 |
| 2026-05-06 | Nesbitt Robert A | Other | 14 | $41.37 |
| 2026-05-06 | Allen Shana | Other | 36 | $41.37 |
| 2026-05-06 | Crowl Ben | Other | 18 | $41.37 |
| 2026-05-06 | Adams Joseph C. | Other | 181 | $41.37 |
| 2026-05-06 | Andrews Pamela Marie | Other | 423 | $41.37 |
| 2026-05-06 | Nielsen Kelli | Other | 18 | $41.37 |
| 2026-05-06 | Burr Erin | Other | 218 | $41.37 |
| 2026-05-06 | Mullet Matthew D. | Other | 218 | $41.37 |
| 2026-02-06 | Burr Erin | Other | 213 | $42.28 |
| 2026-02-06 | Mullet Matthew D. | Other | 213 | $42.28 |
| 2026-02-06 | Mansfield Michael J. | Other | 414 | $42.28 |
| 2026-02-06 | Zavaglia Joseph P. | Other | 59 | $42.28 |
| 2026-02-06 | Andrews Pamela Marie | Other | 414 | $42.28 |
| 2026-02-06 | Allen Shana | Other | 35 | $42.28 |
| 2026-02-06 | Nielsen Kelli | Other | 18 | $42.28 |
| 2026-02-06 | Leech Ted A. | Other | 207 | $42.28 |
| 2026-02-06 | Whittington Phillip Dean | Other | 89 | $42.28 |
| 2026-02-06 | Cofer-Wildsmith Marina | Other | 443 | $42.28 |
| 2026-02-06 | COSTA DONN C | Other | 505 | $42.28 |
| 2026-02-06 | Adams Joseph C. | Other | 177 | $42.28 |
| 2026-02-06 | Crowl Ben | Other | 18 | $42.28 |
| 2026-02-06 | Nesbitt Robert A | Other | 13 | $42.28 |
| 2026-02-02 | Jarman Victoria | Other | 89 | $42.28 |
| 2025-11-21 | Cofer-Wildsmith Marina | Sell | 2.4K | $40.00 |
| 2025-11-21 | Cofer-Wildsmith Marina | Sell | 2.4K | $40.00 |
| 2025-11-20 | Cofer-Wildsmith Marina | Sell | 161 | $40.00 |
| 2025-11-20 | Cofer-Wildsmith Marina | Sell | 161 | $40.00 |
| 2025-11-14 | Cofer-Wildsmith Marina | Option exercise | 17 | $29.30 |
| 2025-11-14 | Cofer-Wildsmith Marina | Sell | 17 | $40.05 |
| 2025-11-13 | Cofer-Wildsmith Marina | Tax withheld | 8.5K | $40.08 |
| 2025-11-13 | Cofer-Wildsmith Marina | Option exercise | 6.8K | $29.30 |
| 2025-11-13 | Cofer-Wildsmith Marina | Option exercise | 800 | $24.37 |
| 2025-11-13 | Cofer-Wildsmith Marina | Option exercise | 960 | $21.35 |
| 2025-11-13 | Cofer-Wildsmith Marina | Tax withheld | 6.0K | $40.08 |
| 2025-11-13 | Cofer-Wildsmith Marina | Sell | 3.8K | $40.00 |
| 2025-11-06 | Adams Joseph C. | Other | 197 | $38.01 |
| 2025-11-06 | Zavaglia Joseph P. | Other | 66 | $38.01 |
| 2025-11-06 | Allen Shana | Other | 39 | $38.01 |
| 2025-11-06 | Nesbitt Robert A | Other | 15 | $38.01 |
| 2025-11-06 | Crowl Ben | Other | 20 | $38.01 |
| 2025-11-06 | Allen Shana | Other | 39 | $38.01 |
| 2025-11-06 | Mullet Matthew D. | Other | 237 | $38.01 |
| 2025-11-06 | Jarman Victoria | Other | 99 | $38.01 |
| 2025-11-06 | Burr Erin | Other | 210 | $38.01 |
| 2025-11-06 | Leech Ted A. | Other | 230 | $38.01 |
| 2025-11-06 | Nielsen Kelli | Other | 20 | $38.01 |
| 2025-11-06 | Whittington Phillip Dean | Other | 99 | $38.01 |
| 2025-11-06 | Zavaglia Joseph P. | Other | 66 | $38.01 |
| 2025-11-05 | Mullet Matthew D. | Option exercise | 3.1K | $21.35 |
| 2025-08-27 | Adams Joseph C. | Sell | 15K | $41.83 |
| 2025-08-22 | Adams Joseph C. | Sell | 402 | $41.72 |
| 2025-08-21 | Adams Joseph C. | Sell | 6.7K | $40.01 |
| 2025-08-20 | Adams Joseph C. | Sell | 4.9K | $40.13 |
| 2025-08-19 | Adams Joseph C. | Sell | 11K | $40.16 |
| 2025-08-15 | Whittington Phillip Dean | Tax withheld | 317 | $40.14 |
| 2025-08-15 | Andrews Pamela Marie | Grant | 750 | — |
| 2025-08-15 | Mansfield Michael J. | Grant | 750 | — |
| 2025-08-15 | Leech Ted A. | Grant | 750 | — |
| 2025-08-15 | Nesbitt Robert A | Grant | 1.8K | — |
| 2025-08-15 | Nesbitt Robert A | Tax withheld | 185 | $40.14 |
| 2025-08-15 | Crowl Ben | Grant | 2.0K | — |
| 2025-08-15 | Jarman Victoria | Grant | 2.0K | — |
| 2025-08-15 | Andrews Pamela Marie | Grant | 750 | — |
| 2025-08-15 | Zavaglia Joseph P. | Grant | 750 | — |
| 2025-08-15 | Zavaglia Joseph P. | Tax withheld | 188 | $40.14 |
| 2025-08-15 | Mullet Matthew D. | Grant | 3.8K | — |
| 2025-08-15 | Mullet Matthew D. | Tax withheld | 1.5K | $40.14 |
| 2025-08-15 | Allen Shana | Grant | 2.0K | — |
| 2025-08-15 | Allen Shana | Tax withheld | 424 | $40.14 |
| 2025-08-15 | Degner Terri L | Grant | 750 | — |
| 2025-08-15 | Degner Terri L | Tax withheld | 263 | $40.14 |
| 2025-08-15 | Cofer-Wildsmith Marina | Grant | 750 | — |
| 2025-08-15 | Cofer-Wildsmith Marina | Tax withheld | 263 | $40.14 |
| 2025-08-15 | McCormick Sean | Grant | 1.8K | — |
| 2025-08-15 | Adams Joseph C. | Grant | 3.8K | — |
| 2025-08-15 | Adams Joseph C. | Tax withheld | 3.3K | $40.14 |
| 2025-08-15 | Whittington Phillip Dean | Grant | 2.0K | — |
| 2025-08-15 | Nielsen Kelli | Grant | 2.0K | — |
| 2025-08-15 | Nielsen Kelli | Tax withheld | 861 | $40.14 |
| 2025-08-15 | Burr Erin | Grant | 2.0K | — |
| 2025-08-15 | Burr Erin | Tax withheld | 591 | $40.14 |
| 2025-08-06 | Degner Terri L | Other | 64 | $39.20 |
| 2025-08-06 | COSTA DONN C | Other | 64 | $39.20 |
| 2025-08-06 | Zavaglia Joseph P. | Other | 64 | $39.20 |
| 2025-08-06 | Cofer-Wildsmith Marina | Other | 415 | $39.20 |
| 2025-08-06 | Jarman Victoria | Other | 96 | $39.20 |
| 2025-08-06 | Whittington Phillip Dean | Other | 96 | $39.20 |
| 2025-08-06 | Mullet Matthew D. | Other | 230 | $39.20 |
| 2025-08-06 | Adams Joseph C. | Other | 191 | $39.20 |
| 2025-08-06 | Allen Shana | Other | 38 | $39.20 |
| 2025-08-06 | Leech Ted A. | Other | 223 | $39.20 |
| 2025-08-06 | Crowl Ben | Other | 19 | $39.20 |
| 2025-08-06 | Burr Erin | Other | 230 | $39.20 |
| 2025-08-06 | Nielsen Kelli | Other | 19 | $39.20 |
| 2025-08-06 | Nesbitt Robert A | Other | 14 | $39.20 |
| 2025-05-06 | Degner Terri L | Other | 63 | $39.63 |
| 2025-05-06 | Crowl Ben | Other | 19 | $39.63 |
| 2025-05-06 | Jarman Victoria | Other | 95 | $39.63 |
| 2025-05-06 | Allen Shana | Other | 38 | $39.63 |
| 2025-05-06 | Adams Joseph C. | Other | 189 | $39.63 |
| 2025-05-06 | Andrews Pamela Marie | Other | 442 | $39.63 |
| 2025-05-06 | Mullet Matthew D. | Other | 227 | $39.63 |
| 2025-05-06 | Mansfield Michael J. | Other | 442 | $39.63 |
| 2025-05-06 | Nielsen Kelli | Other | 19 | $39.63 |
| 2025-05-06 | Zavaglia Joseph P. | Other | 63 | $39.63 |
| 2025-05-06 | Leech Ted A. | Other | 221 | $39.63 |
| 2025-05-06 | Nesbitt Robert A | Other | 14 | $39.63 |
| 2025-05-06 | Whittington Phillip Dean | Other | 16 | $39.63 |
| 2025-05-06 | COSTA DONN C | Other | 442 | $39.63 |
| 2025-05-06 | Burr Erin | Other | 227 | $39.63 |
| 2025-05-05 | Adams Joseph C. | Gift | 503 | $40.11 |
| 2025-04-28 | Adams Joseph C. | Gift | 675 | $38.32 |
| 2025-02-06 | Adams Joseph C. | Other | 183 | $40.95 |
| 2025-02-06 | Mullet Matthew D. | Other | 189 | $40.95 |
| 2025-02-06 | Nielsen Kelli | Other | 18 | $40.95 |
| 2025-02-06 | Adams Joseph C. | Other | 183 | $40.95 |
| 2025-02-06 | Cofer-Wildsmith Marina | Other | 458 | $40.95 |
| 2025-02-06 | Jarman Victoria | Other | 92 | $40.95 |
| 2025-02-06 | Burr Erin | Other | 220 | $40.95 |
| 2025-02-06 | Crowl Ben | Other | 18 | $40.95 |
| 2025-02-06 | Allen Shana | Other | 37 | $40.95 |
| 2025-02-06 | Leech Ted A. | Other | 214 | $40.95 |
| 2025-02-06 | COSTA DONN C | Other | 366 | $40.95 |
| 2025-02-06 | Andrews Pamela Marie | Other | 427 | $40.95 |
| 2025-02-06 | Degner Terri L | Other | 61 | $40.95 |
| 2025-02-06 | Zavaglia Joseph P. | Other | 61 | $40.95 |
| 2025-02-06 | Mansfield Michael J. | Other | 427 | $40.95 |
| 2025-02-06 | Nesbitt Robert A | Other | 14 | $40.95 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-06-01 | 0000939057-26-000122 ↗ |
| 8-K | 2026-05-27 | 2026-05-21 | 0000939057-26-000118 ↗ |
| 10-Q/A | 2026-05-12 | 2026-03-31 | 0001437749-26-016475 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001437749-26-015942 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0000939057-26-000098 ↗ |
| 8-K | 2026-04-22 | 2026-04-21 | 0001437749-26-012996 ↗ |
| 10-K | 2026-03-13 | 2025-12-31 | 0001437749-26-008243 ↗ |
| 8-K | 2026-02-26 | 2026-02-25 | 0000939057-26-000060 ↗ |
| 8-K | 2026-02-03 | 2026-02-02 | 0000939057-26-000033 ↗ |
| 8-K/A | 2026-01-28 | 2026-01-21 | 0001437749-26-002292 ↗ |
| 8-K | 2026-01-21 | 2026-01-21 | 0001437749-26-001639 ↗ |
| 8-K | 2025-12-08 | 2025-12-02 | 0000939057-25-000314 ↗ |