Demonstrações financeiras detalhadas de FS Bancorp, Inc. (FSBW): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
FS Bancorp, Inc. registou receitas de $217.5M no último exercício, com um CAGR de 5 anos de 8.9%. O lucro líquido atingiu $33.3M, com CAGR de 5 anos de -3.2%.
Margens dos últimos 12 meses: margem bruta 57.8%, margem operacional 14.3%, margem líquida 18.7%.
Ao preço atual de $44.47, FSBW negocia a um P/L de 10.07 e um ROE de 10.75%. A capitalização de mercado é de $330M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $59.2M | $66.5M | $79.0M | $109.6M | $142.1M | $131.1M | $134.1M | $185.3M | $203.7M | $217.5M |
| Custo da Receita | $6.6M | $5.7M | $11.8M | $22.2M | $27.8M | $10.2M | $20.6M | $48.7M | $67.2M | $72.8M |
| Lucro Bruto | $52.7M | $60.9M | $67.3M | $87.4M | $114.4M | $120.9M | $113.5M | $136.6M | $136.5M | $144.7M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $23.2M | $27.8M | $29.8M | $34.9M | $39.5M | $51.0M | $49.8M | $57.4M | $58.4M | $58.6M |
| Despesas Operacionais | $36.6M | $40.3M | $38.7M | $59.3M | $64.5M | $73.4M | $76.5M | $91.3M | $94.9M | $100.0M |
| Lucro Operacional | $16.1M | $20.6M | $28.6M | $28.1M | $49.9M | $47.4M | $37.0M | $45.3M | $41.6M | $44.7M |
| EBITDA | $21.3M | $24.5M | $33.8M | $40.2M | $63.5M | $62.6M | $51.0M | $57.9M | $52.1M | $55.0M |
| Despesas com Juros | $4.2M | $4.9M | $10.2M | $19.3M | $14.7M | $9.7M | $14.4M | $43.9M | $61.7M | $66.8M |
| Lucro Antes de Impostos | $16.1M | $20.6M | $28.6M | $28.1M | $49.9M | $47.4M | $37.0M | $45.3M | $41.6M | $41.1M |
| Imposto | $5.6M | $6.5M | $4.2M | $5.4M | $10.6M | $10.0M | $7.3M | $9.2M | $6.6M | $7.8M |
| Lucro Líquido | $10.5M | $14.1M | $24.3M | $22.7M | $39.3M | $37.4M | $29.6M | $36.1M | $35.0M | $33.3M |
| LPA | $1.82 | $2.28 | $3.29 | $2.57 | $4.57 | $4.42 | $3.75 | $4.63 | $4.48 | $4.34 |
| LPA Diluído | $1.76 | $2.14 | $3.15 | $2.50 | $4.49 | $4.32 | $3.70 | $4.56 | $4.36 | $4.28 |
| Ações em Circulação (Diluídas) | $6.0M | $6.6M | $7.7M | $9.0M | $8.7M | $8.7M | $8.0M | $7.9M | $7.9M | $7.7M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $55.8M | $57.2M | $54.8M | $10.9M |
| Lucro Bruto | $36.2M | $40.0M | $35.5M | -$8.4M |
| Lucro Operacional | $11.6M | $13.9M | $9.9M | -$9.9M |
| EBITDA | $14.8M | $14.7M | $12.2M | -$12.2M |
| Lucro Líquido | $9.2M | $8.4M | $7.8M | $7.9M |
| LPA | $1.20 | $1.12 | $1.04 | $1.08 |
| LPA Diluído | $1.18 | $1.10 | $1.02 | $1.04 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $51.7M | $37.0M | $54.9M | $66.7M | $103.9M | $37.0M | $46.1M | $89.9M | $33.4M | $13.5M |
| Investimentos de Curto Prazo | $81.9M | $82.5M | $97.2M | $126.1M | $178.0M | $271.4M | $229.3M | $104.4M | $167.4M | $288.7M |
| Contas a Receber | $2.5M | $3.6M | $5.8M | $5.9M | $7.0M | $7.6M | $11.1M | $14.0M | $13.9M | $14.6M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $136.1M | $123.1M | $157.8M | $198.6M | $288.9M | $316.0M | $286.5M | $208.2M | $214.6M | $316.8M |
| Imobilizado | $16.0M | $15.5M | $29.1M | $33.8M | $32.3M | $31.1M | $31.3M | $37.2M | $35.1M | $44.1M |
| Ágio | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $2.3M | $3.6M | $3.6M | $3.6M |
| Ativos Intangíveis | $10.2M | $8.1M | $16.6M | $17.0M | $17.3M | $21.0M | $21.4M | $34.5M | $22.9M | $10.5M |
| Ativos Totais | $827.9M | $981.8M | $1.62B | $1.71B | $2.11B | $2.29B | $2.63B | $2.97B | $3.03B | $3.20B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $1.7M | $5.9M |
| Passivos Circulantes | $712.6M | $829.8M | $1.27B | $1.39B | $1.67B | $1.92B | $2.13B | $2.52B | $2.34B | $2.75B |
| Dívida de Longo Prazo | $22.5M | $17.4M | $147.0M | $94.7M | $112.5M | $91.9M | $236.0M | $53.4M | $349.4M | $129.3M |
| Passivos Totais | $746.9M | $859.8M | $1.44B | $1.51B | $1.88B | $2.04B | $2.40B | $2.71B | $2.73B | $2.89B |
| Reservas | $55.6M | $68.4M | $90.9M | $110.7M | $146.4M | $179.2M | $202.1M | $230.4M | $257.1M | $280.2M |
| Patrimônio Líquido | $81.0M | $122.0M | $180.0M | $200.2M | $230.0M | $247.5M | $231.7M | $264.5M | $295.8M | $307.7M |
| Dívida Total | $22.5M | $17.4M | $147.0M | $100.0M | $117.7M | $96.7M | $242.5M | $60.3M | $355.0M | $141.1M |
| Dívida Líquida | -$111.1M | -$102.1M | -$5.0M | -$92.8M | -$164.2M | -$211.7M | -$32.9M | -$134.0M | $154.2M | -$161.1M |
| Capital de Giro | -$576.5M | -$706.8M | -$1.12B | -$1.19B | -$1.39B | -$1.60B | -$1.84B | -$2.31B | -$2.12B | -$2.44B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $61.3M | $13.5M | $12.4M | $12.8M |
| Ativos Totais | $3.21B | $3.20B | $3.20B | $3.18B |
| Passivos Totais | $2.91B | $2.89B | $2.89B | $2.86B |
| Patrimônio Líquido | $300.5M | $307.7M | $313.9M | $319.0M |
| Dívida Total | $185.9M | $141.1M | $222.6M | $380.9M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $10.5M | $14.1M | $24.3M | $22.7M | $39.3M | $37.4M | $29.6M | $36.1M | $35.0M | $33.3M |
| Depreciação e Amortização | $5.2M | $3.9M | $5.3M | $12.0M | $13.6M | $15.2M | $14.0M | $12.6M | $10.6M | $11.9M |
| Compensação em Ações | $1.6M | $2.1M | $2.0M | $2.4M | $2.3M | $3.2M | $2.0M | $2.0M | $1.8M | $2.3M |
| Variação Capital de Giro | -$4.7M | $1.4M | -$1.3M | -$7.2M | $10.1M | -$5.7M | $1.2M | -$3.7M | $2.9M | $350000 |
| Fluxo de Caixa Operacional | $3.6M | $15.1M | $21.4M | $9.2M | -$32.3M | $109.0M | $184.9M | $77.7M | $50.8M | $72.3M |
| CapEx | -$3.6M | -$1.0M | -$3.8M | -$2.5M | -$1.4M | -$2.0M | -$1.6M | -$1.7M | -$1.6M | -$20.4M |
| Aquisições | $180.4M | 0 | $23.8M | 0 | 0 | 0 | 0 | $336.2M | 0 | 0 |
| Recompra de Ações | -$4.9M | -$275000 | -$251000 | -$4.8M | -$9.8M | -$14.2M | -$15.8M | -$578000 | -$2.9M | -$15.4M |
| Dividendos Pagos | -$1.1M | -$1.3M | -$1.9M | -$2.9M | -$3.6M | -$4.6M | -$7.1M | -$7.8M | -$8.3M | -$10.3M |
| Fluxo de Caixa Livre | -$7000 | $14.1M | $17.6M | $6.7M | -$33.7M | $107.0M | $183.3M | $76.0M | $49.2M | $51.9M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $44.6M | $12.4M | $8.7M | $52.0M |
| CapEx | -$3.0M | -$15.7M | -$273000 | -$574000 |
| Fluxo de Caixa Livre | $41.6M | -$3.4M | $8.4M | $51.4M |
| Dividendos Pagos | -$3.8M | -$2.1M | -$2.2M | -$2.2M |
| Compensação em Ações | $583000 | $633000 | $627000 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +12.3% | +18.8% | +38.7% | +29.7% | -7.8% | +2.3% | +38.2% | +10.0% | +6.8% |
| Crescimento Lucro Líquido (anual) | | +34.2% | +72.9% | -6.7% | +72.8% | -4.7% | -20.8% | +21.6% | -2.9% | -4.8% |
| Crescimento LPA (anual) | | +25.3% | +44.3% | -21.9% | +77.8% | -3.3% | -15.2% | +23.5% | -3.2% | -3.1% |
| Variação de Ações (anual) | | +10.0% | +17.6% | +16.9% | -3.7% | -0.6% | -7.5% | -1.3% | -0.2% | -3.0% |
| Crescimento FCF (anual) | | +201071.4% | +25.4% | -61.9% | -601.9% | +417.6% | +71.3% | -58.5% | -35.3% | +5.6% |
| Margem Bruta | 88.9% | 91.5% | 85.1% | 79.7% | 80.5% | 92.2% | 84.6% | 73.7% | 67.0% | 66.5% |
| Margem Operacional | 27.2% | 30.9% | 36.1% | 25.7% | 35.1% | 36.2% | 27.6% | 24.4% | 20.4% | 20.6% |
| Margem EBITDA | 36.0% | 36.8% | 42.8% | 36.6% | 44.7% | 47.8% | 38.0% | 31.3% | 25.6% | 25.3% |
| Margem Líquida | 17.7% | 21.2% | 30.8% | 20.7% | 27.6% | 28.5% | 22.1% | 19.5% | 17.2% | 15.3% |
| Margem FCF | -0.0% | 21.1% | 22.3% | 6.1% | -23.7% | 81.6% | 136.7% | 41.0% | 24.1% | 23.9% |
| Taxa Efetiva de Imposto | 34.8% | 31.6% | 14.8% | 19.2% | 21.2% | 21.1% | 19.8% | 20.4% | 15.8% | 18.9% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-0.00 | $2.14 | $2.28 | $0.74 | $-3.87 | $12.36 | $22.88 | $9.61 | $6.23 | $6.78 |
| Dividendo por Ação | $0.18 | $0.20 | $0.25 | $0.32 | $0.41 | $0.53 | $0.89 | $0.98 | $1.05 | $1.34 |
| Ações em Circulação (Básicas) | $5.8M | $6.2M | $7.4M | $8.8M | $8.5M | $8.5M | $7.9M | $7.8M | $7.7M | $7.5M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 10.75% |
| Retorno sobre capital investido | 0.68% |
| Retorno sobre ativos | 1.05% |
| Margem bruta | 57.82% |
| Margem operacional | 14.28% |
| Margem líquida | 18.67% |
Saúde financeira
| Dívida / Patrimônio | 1.19 |
| Liquidez corrente | 408.48 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 9.88 | 11.97 | 6.52 | 12.41 | 6.00 | 7.61 | 8.92 | 7.98 | 9.17 | 9.49 |
| P/VP | 1.28 | 1.38 | 0.88 | 1.41 | 1.02 | 1.15 | 1.14 | 1.09 | 1.07 | 1.01 |
| P/V | 1.76 | 2.54 | 2.01 | 2.57 | 1.65 | 2.17 | 1.97 | 1.55 | 1.55 | 1.42 |
| Margem Bruta | 88.9% | 91.5% | 85.1% | 79.7% | 80.5% | 92.2% | 84.6% | 73.7% | 67.0% | 66.5% |
| Margem Operacional | 27.2% | 30.9% | 36.1% | 25.7% | 35.1% | 36.2% | 27.6% | 24.4% | 20.4% | 20.6% |
| Margem Líquida | 17.7% | 21.2% | 30.8% | 20.7% | 27.6% | 28.5% | 22.1% | 19.5% | 17.2% | 15.3% |