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FS Bancorp Valuation Multiples
Discover revenue and EBITDA valuation multiples for FS Bancorp and similar public comparables like CoastalSouth Bancshares, Grupo Financiero Multiva, Himalayan Bank, Morrow Bank and more.
FS Bancorp Overview
About FS Bancorp
FS Bancorp Inc is the holding company of 1st Security Bank, a diversified lender with a focus on the origination of commercial real estate, one-to-four-family, and home equity loans, consumer loans, including a variety of indirect home improvement (fixture secured loans), and marine loans, and commercial business loans. The company has two operating segments; The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through Bank branches, automated teller machines, online banking platforms, mobile banking apps, and telephone banking; and The home lending segment originates one-to-four-family residential mortgage loans for sale in the secondary markets as well as loans held for investment.
Founded
2011
HQ
Employees
567
Website
Sectors
Financials (LTM)
EV
$495M
FS Bancorp Financials
FS Bancorp reported last 12-month revenue of $155M.
In the same LTM period, FS Bancorp generated $33M in net income.
Revenue (LTM)
FS Bancorp P&L
In the most recent fiscal year, FS Bancorp reported revenue of $153M and net income of $33M.
FS Bancorp expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $155M | XXX | $153M | XXX | XXX | XXX |
| EBIT Margin | 33% | XXX | 33% | XXX | XXX | XXX |
| Net Profit | $33M | XXX | $33M | XXX | XXX | XXX |
| Net Margin | 21% | XXX | 22% | XXX | XXX | XXX |
| Net Debt | — | — | $151M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
FS Bancorp Stock Performance
FS Bancorp has current market cap of $311M, and enterprise value of $495M.
Market Cap Evolution
FS Bancorp's stock price is $41.41.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $495M | $311M | 1.2% | XXX | XXX | XXX | $4.45 |
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Start Free TrialFS Bancorp Valuation Multiples
FS Bancorp trades at 3.2x EV/Revenue multiple.
EV / Revenue (LTM)
FS Bancorp Financial Valuation Multiples
As of April 11, 2026, FS Bancorp has market cap of $311M and EV of $495M.
Equity research analysts estimate FS Bancorp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FS Bancorp has a P/E ratio of 9.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $311M | XXX | $311M | XXX | XXX | XXX |
| EV (current) | $495M | XXX | $495M | XXX | XXX | XXX |
| EV/Revenue | 3.2x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | 9.7x | XXX | 9.8x | XXX | XXX | XXX |
| P/E | 9.4x | XXX | 9.3x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 9.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified FS Bancorp Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
FS Bancorp Margins & Growth Rates
FS Bancorp's revenue in the last 12 month grew by 7%.
FS Bancorp's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
FS Bancorp Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 6% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 39% | XXX | XXX | XXX |
| Opex to Revenue | 67% | XXX | 67% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
FS Bancorp Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CoastalSouth Bancshares | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo Financiero Multiva | XXX | XXX | XXX | XXX | XXX | XXX |
| Himalayan Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Morrow Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Jaiz Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
FS Bancorp M&A Activity
FS Bancorp acquired XXX companies to date.
Last acquisition by FS Bancorp was on XXXXXXXX, XXXXX. FS Bancorp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by FS Bancorp
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFS Bancorp Investment Activity
FS Bancorp invested in XXX companies to date.
FS Bancorp made its latest investment on XXXXXXXX, XXXXX. FS Bancorp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by FS Bancorp
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout FS Bancorp
| When was FS Bancorp founded? | FS Bancorp was founded in 2011. |
| Where is FS Bancorp headquartered? | FS Bancorp is headquartered in United States. |
| How many employees does FS Bancorp have? | As of today, FS Bancorp has over 567 employees. |
| Who is the CEO of FS Bancorp? | FS Bancorp's CEO is Matthew D. Mullet. |
| Is FS Bancorp publicly listed? | Yes, FS Bancorp is a public company listed on Nasdaq. |
| What is the stock symbol of FS Bancorp? | FS Bancorp trades under FSBW ticker. |
| When did FS Bancorp go public? | FS Bancorp went public in 2012. |
| Who are competitors of FS Bancorp? | FS Bancorp main competitors are CoastalSouth Bancshares, Grupo Financiero Multiva, Himalayan Bank, Morrow Bank. |
| What is the current market cap of FS Bancorp? | FS Bancorp's current market cap is $311M. |
| What is the current revenue of FS Bancorp? | FS Bancorp's last 12 months revenue is $155M. |
| What is the current revenue growth of FS Bancorp? | FS Bancorp revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of FS Bancorp? | Current revenue multiple of FS Bancorp is 3.2x. |
| Is FS Bancorp profitable? | Yes, FS Bancorp is net-income-positive (as of the last 12 months). |
| What is the current net income of FS Bancorp? | FS Bancorp's last 12 months net income is $33M. |
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