What is the 13F Pro Quality Score for FSBW?

13F Pro ranks FS Bancorp, Inc. (FSBW) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View FSBW's current score at https://13fpro.ai/company/FSBW (free sign-up required for the full ranking).

Where does 13F Pro source FSBW data?

All FS Bancorp, Inc. fundamentals and ownership data come directly from SEC EDGAR. FS Bancorp, Inc. files with the SEC under CIK 1530249. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is FSBW in?

FS Bancorp, Inc. (FSBW) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is FSBW research updated on 13F Pro?

FSBW's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

FS Bancorp, Inc.(FSBW)Stock Analysis

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13F Pro Quality Score

44.9/100

Rank #1,893 of 2,962 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

39.4/100

Profitability

79.1/100

Balance Sheet

43.0/100

Earnings Quality

90.2/100

Free Cash Flow

97.5/100

Institutional Flow

50.1/100

Revenue Scale

20.8/100

Dilution Risk

46.7/100

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Why FSBW Scores 45/100

exact factor attribution · 2026-09-11

FSBW's composite is driven by free cash flow and profitability, held back by scale and revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+7.1 pts

98th pct

Profitability

+5.8 pts

79th pct

Earnings quality

+4.0 pts

90th pct

Institutional flow

+0.0 pts

50th pct

Shareholder dilution

-0.2 pts

47th pct

Capital efficiency

-0.9 pts

43th pct

Earnings growth

-1.1 pts

34th pct

Revenue growth

-2.8 pts

39th pct

Scale

-5.8 pts

21th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

FSBW Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for FS Bancorp, Inc. (FSBW), a Financials sector company. 13F Pro's AI-powered ranking engine scores FSBW at 44.9/100 on a 32-signal composite quality model, placing it at rank #1,893 of 2,962 stocks — the bottom half of the AI-ranked universe. FSBW scores in the top quartile across free cash flow (97.5), earnings quality (90.2), profitability (79.1). Areas of concern include revenue scale (20.8) and revenue growth (39.4), which score below median versus the broader universe. Shareholder dilution risk is elevated at 46.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), FS Bancorp, Inc. reports quarterly revenue of $38.8M, net income of $7.9M, an operating margin of 25.9%. Top institutional holders of FSBW by reported 13-F value include T. Rowe Price Investment Management, BlackRock, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. FSBW trades on the Nasdaq exchange and files with the SEC under CIK 1530249. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FSBW daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FS Bancorp, Inc. directly from SEC EDGAR. FS Bancorp, Inc.'s 13F Pro composite quality score has ranged between 33 and 69 since 2021, currently 44.9 — an improving long-term trajectory across 24 quarterly and live scoring snapshots.

✦

Fun facts about FS Bancorp, Inc.

Quirks, history, and lore behind FSBW — the kind of stuff that makes a stock memorable.

1
The Basics
A community bank holding company · small-cap · listed on Nasdaq · headquartered in eastern Washington State.
2
The Numbers
Total assets in the range of $2–3 billion — big enough to matter locally, small enough that Wall Street rarely calls. Serves both consumer and commercial banking customers.
3
The History
Its banking subsidiary traces roots back over a century in the Pacific Northwest, though the modern holding company structure is more recent — a classic case of old bank, new wrapper.
4
The Secret
The bank arm operates under the name 1st Security Bank of Washington, focusing on home loans, business lending, and deposit accounts across the Puget Sound and Inland Northwest regions.
5
The Lore
While the big banks fight over Seattle skyscrapers, this one quietly built a network across Washington State communities — branches in suburbs and smaller towns that the giants often ignore.
6
The Giveaway
The holding company for 1st Security Bank of Washington, trading under the ticker FSBW out of Spokane Valley — the community bank that kept it regional and proud of it.

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Revenue

Q2 2026

$38.8M

Net Income

Q2 2026

$7.9M

Free Cash Flow

Q2 2026

$51.4M

Operating Margin

Q2 2026

25.9%

ROIC

Q2 2026

6.3%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+5.5% YoY

$152.7MFY 2025

FY22 $122.4MFY23 $143.8MFY24 $144.7MFY25 $152.7M

Net Income

-4.8% YoY

$33.3MFY 2025

FY22 $29.6MFY23 $36.1MFY24 $35.0MFY25 $33.3M

EPS (Diluted)

-1.6% YoY

$4.29FY 2025

FY22 $3.70FY23 $4.56FY24 $4.36FY25 $4.29

Total Assets

+5.5% YoY

$3.20BFY 2025

FY22 $2.63BFY23 $2.97BFY24 $3.03BFY25 $3.20B

Total Debt

-58.0% YoY

$129.3MFY 2025

FY22 $186.5MFY23 $93.7MFY24 $307.8MFY25 $129.3M

Op. Cash Flow

+42.3% YoY

$72.3MFY 2025

FY22 $184.9MFY23 $77.7MFY24 $50.8MFY25 $72.3M

Free Cash Flow

+5.6% YoY

$51.9MFY 2025

FY22 $183.3MFY23 $76.0MFY24 $49.2MFY25 $51.9M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$152.7M +5.5%	$144.7M +0.6%	$143.8M +17.5%	$122.4M -1.4%	$124.2M -4.1%	$129.5M
Net Income	$33.3M -4.8%	$35.0M -2.9%	$36.1M +21.6%	$29.6M -20.8%	$37.4M -4.7%	$39.3M
EPS (Diluted)	$4.29 -1.6%	$4.36 -4.4%	$4.56 +23.2%	$3.70 -15.3%	$4.37 +94.7%	$2.25
Total Assets	$3.20B +5.5%	$3.03B +1.9%	$2.97B +12.9%	$2.63B +15.2%	$2.29B +8.2%	$2.11B
Total Debt	$129.3M -58.0%	$307.8M +228.3%	$93.7M -49.7%	$186.5M +338.6%	$42.5M -74.4%	$165.8M
Operating Cash Flow	$72.3M +42.3%	$50.8M -34.6%	$77.7M -58.0%	$184.9M +69.6%	$109.0M +437.3%	$-32.3M
Free Cash Flow	$51.9M +5.6%	$49.2M -35.3%	$76.0M -58.5%	$183.3M +71.3%	$107.0M +417.6%	$-33.7M

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Available Research

13F Pro tracks comprehensive data for FS Bancorp, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of FSBW

T. Rowe Price Investment Management, Inc.
$43.3M997,943 sh
BlackRock, Inc.
$21.2M488,775 sh
DIMENSIONAL FUND ADVISORS LP
$18.3M421,646 sh
De Lisle Partners LLP
$17.0M391,651 sh
VANGUARD CAPITAL MANAGEMENT LLC
$12.8M294,351 sh
Pacific Ridge Capital Partners, LLC
$9.0M206,499 sh
GEODE CAPITAL MANAGEMENT, LLC
$7.2M166,440 sh
TCW GROUP INC
$6.7M154,429 sh
STATE STREET CORP
$5.6M128,043 sh
ALLIANCEBERNSTEIN L.P.
$5.3M137,519 sh

Fund	Value	Shares
T. Rowe Price Investment Management, Inc.	$43.3M	997,943
BlackRock, Inc.	$21.2M	488,775
DIMENSIONAL FUND ADVISORS LP	$18.3M	421,646
De Lisle Partners LLP	$17.0M	391,651
VANGUARD CAPITAL MANAGEMENT LLC	$12.8M	294,351
Pacific Ridge Capital Partners, LLC	$9.0M	206,499
GEODE CAPITAL MANAGEMENT, LLC	$7.2M	166,440
TCW GROUP INC	$6.7M	154,429
STATE STREET CORP	$5.6M	128,043
ALLIANCEBERNSTEIN L.P.	$5.3M	137,519

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Is FSBW a good stock to buy?

13F Pro's AI-powered analysis of FS Bancorp, Inc. (FSBW) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FSBW are available on the FSBW stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. FSBW is classified as a small company.

Which hedge funds own FSBW?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FSBW. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FS Bancorp, Inc.'s investment landscape.