FS Bancorp vs Waterstone Financial
FS Bancorp and Waterstone Financial are similar in size: $153m and $142m of revenue in their latest fiscal years. FS Bancorp grew faster (5.5% against 4.8%). FS Bancorp kept more of each dollar of sales as profit: a net margin of 21.8% against 18.6%.
| Latest fiscal year | FS BancorpFSBW, 2025 | Waterstone FinancialWSBF, 2025 |
|---|---|---|
| Revenue | $153m | $142m |
| Revenue growth | 5.5% | 4.8% |
| Net income | $33.3m | $26.4m |
| Operating margin | — | — |
| Net margin | 21.8% | 18.6% |
| Return on equity | 11.1% | 7.7% |
| Free cash flow | $51.9m | $23.0m |
| Cash | $28.2m | — |
| Total debt | $129m | $412m |
| Debt to equity | — | — |
| Dividend per share | $1.34 | $0.60 |
| Dividend yield | 3.1% | 3.0% |
| Share buybacks | $15.4m | $16.2m |
| Employees | — | 593 |
| Market value | $325m | $359m |
| Price vs our value range | — | — |
| Moat score | 87 (Strong) | 81 (Strong) |
| Insider trades, 12 months | 0 buys, 11 sales | 0 buys, 12 sales |