**FS Bancorp Reports Financial Results for 2025**
FS Bancorp, Inc. (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington, today reported consolidated total assets of $3.2 billion as of December 31, 2025, an increase from $3.03 billion the prior year. Net loans receivable totaled $2.62 billion, compared to $2.50 billion at the end of 2024, while total deposits reached $2.67 billion, up from $2.34 billion. Total stockholders’ equity stood at $307.7 million, an increase from $295.8 million.
The company's net income for the year ended December 31, 2025, was $33.3 million, a decrease from $35.0 million in 2024. Net interest income increased to $130.4 million from $123.1 million in the previous year, driven by higher yields on interest-earning assets. The provision for credit losses increased to $9.0 million, compared to $5.6 million in 2024, primarily due to higher net charge-offs in the commercial real estate and consumer loan portfolios. Noninterest income totaled $22.3 million, an increase from $21.6 million, while noninterest expense rose to $102.0 million from $97.6 million.
Key operational developments included the strategic expansion of the loan portfolio, with a focus on commercial real estate, construction and development, and multi-family loans. The company also continued to emphasize retail deposits as a crucial funding source. The company's lending strategies aim to capitalize on new lending opportunities arising from recent market consolidation and focus on relationship lending. The company's indirect home improvement loans totaled $525.8 million, originated through a network of 33 active home improvement contractors and dealers located in multiple states.
Looking ahead, FS Bancorp will continue to focus on diversifying revenues, expanding lending channels, and enhancing its banking franchise. The company aims to capitalize on new lending opportunities arising from recent market consolidation and focus on relationship lending. The company is also monitoring the potential impact of economic conditions and regulatory changes on its financial performance and will adjust its strategies as needed.
About FS Bancorp, Inc.
FS Bancorp is a community-focused bank holding company operating through its subsidiary, 1st Security Bank. It offers a range of lending services including commercial real estate, construction, residential, consumer, and business loans. Serving the Pacific Northwest, it emphasizes relationship banking, community involvement, and diversified loan portfolios to support local families, businesses, and industries. Its business model centers on relationship lending, community engagement, and strategic growth through organic and acquisition channels.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.