Debit Card was FS Bancorp’s largest product and service line in fiscal 2023, bringing in $3.20M of $4.61M (69%).
| Product and Service | FY 2019 | FY 2020 | FY 2022 | FY 2023 |
|---|---|---|---|---|
| Debit Card | — | $2.27M | $3.20M | |
| Debit Card Interchange Fees | $1.88M | — | — | |
| Bank Servicing | — | $919.00K | $1.41M | |
| Deposit Service & Account Maintenance Fees | $786.00K | — | — | |
| Total | $2.67M | $3.19M | $4.61M |
FS Bancorp brought in $4.61M from its two product and service lines in fiscal 2023, the year ended December 31, 2023. That was up 44.8% from $3.19M in fiscal 2022. Debit Card was the largest at $3.20M (69.4%), ahead of Bank Servicing at $1.41M (30.6%).
Compared with fiscal 2022, Bank Servicing grew 53.6% to $1.41M and Debit Card grew 41.2% to $3.20M.
FS Bancorp began breaking out Debit Card in fiscal 2022 and Bank Servicing in fiscal 2022. FS Bancorp stopped reporting Debit Card Interchange Fees ($1.88M in fiscal 2020) and Deposit Service & Account Maintenance Fees ($786.00K in fiscal 2020) as separate lines.
FS Bancorp (FSBW) reports its revenue by product and service. In fiscal 2023, Debit Card was its largest product and service line, bringing in $3.20M (69.4% of the total), followed by Bank Servicing at $1.41M (30.6%).
Debit Card was FS Bancorp's largest product and service line in fiscal 2023, bringing in $3.20M, or 69.4% of the $4.61M total across its two product and service lines.
Bank Servicing grew faster than Debit Card in fiscal 2023, up 53.6% from $919.00K to $1.41M. Debit Card grew 41.2% to $3.20M.
Every figure comes from FS Bancorp's annual financial filings, as reported. Each line keeps the name FS Bancorp gives it, and years follow its fiscal calendar.
FS Bancorp's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.