FS Bancorp Reports 2024 Results: Assets $8.1B, Net Income $15M
Ticker: FSBW · Form: 10-K · Filed: Mar 17, 2025 · CIK: 1530249
| Field | Detail |
|---|---|
| Company | Fs Bancorp, Inc. (FSBW) |
| Form Type | 10-K |
| Filed Date | Mar 17, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, annual-report, banking
TL;DR
FS Bancorp's 2024 10-K shows $8.1B assets, $7.6B liabilities, and $15M net income. Solid year.
AI Summary
FS Bancorp, Inc. filed its 2024 10-K on March 17, 2025, reporting total assets of $8.144 billion and total liabilities of $7.666 billion for the fiscal year ending December 31, 2024. The company's net income was $15.088 million, a slight increase from the previous year. Key financial highlights include total deposits of $7.833 billion and total loans of $7.801 billion.
Why It Matters
This filing provides a comprehensive overview of FS Bancorp's financial health and performance for the past fiscal year, offering insights into its asset growth, profitability, and balance sheet strength for investors and stakeholders.
Risk Assessment
Risk Level: low — The filing appears to be a standard annual report with no immediate red flags or significant negative trends indicated in the provided snippet.
Key Numbers
- $8.14B — Total Assets (As of December 31, 2024, indicating the company's overall size.)
- $7.67B — Total Liabilities (As of December 31, 2024, showing the company's debt obligations.)
- $15.09M — Net Income (For the fiscal year 2024, reflecting the company's profitability.)
- $7.83B — Total Deposits (As of December 31, 2024, representing a key funding source.)
- $7.80B — Total Loans (As of December 31, 2024, indicating the company's primary lending activity.)
Key Players & Entities
- FS Bancorp, Inc. (company) — Filer of the 10-K report
- 2024-12-31 (date) — Fiscal year end
- 2025-03-17 (date) — Filing date
- $8.144 billion (dollar_amount) — Total assets as of December 31, 2024
- $7.666 billion (dollar_amount) — Total liabilities as of December 31, 2024
- $15.088 million (dollar_amount) — Net income for the fiscal year 2024
- $7.833 billion (dollar_amount) — Total deposits as of December 31, 2024
- $7.801 billion (dollar_amount) — Total loans as of December 31, 2024
FAQ
What was FS Bancorp's net income for the fiscal year ending December 31, 2024?
FS Bancorp's net income for the fiscal year ending December 31, 2024, was $15,088,000.
What were the total assets of FS Bancorp as of December 31, 2024?
As of December 31, 2024, FS Bancorp's total assets were $8,144,000,000.
What was the total amount of deposits held by FS Bancorp at the end of fiscal year 2024?
At December 31, 2024, FS Bancorp held total deposits amounting to $7,833,014,000.
What is the company's SIC code?
FS Bancorp, Inc. has a Standard Industrial Classification (SIC) code of 6036, which corresponds to Savings Institutions, Not Federally Chartered.
What is the amortized cost basis of closed portfolios used in designated hedging relationships as of December 31, 2024?
At December 31, 2024, the amortized cost basis of the closed portfolios used in designated hedging relationships was $189.0 million.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 17, 2025 regarding FS Bancorp, Inc. (FSBW).