Fs Bancorp Inc's Customers Performance
FSBW
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FSBW's Source of Revenues |
Fs Bancorp Inc's Corporate Customers have recorded an advance in their cost of revenue by 1.46 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 1.53 %. During the corresponding time, Fs Bancorp Inc recorded revenue increase by 9.86 % year on year, sequentially revenue fell by -1.59 %. While revenue at the Fs Bancorp Inc 's corporate clients fell by -2.23 % year on year, sequentially revenue fell by -4.1 %.
• List of FSBW Customers
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Fs Bancorp Inc's Customers have recorded an advance in their cost of revenue by 1.46 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 1.53 %, for the same period Fs Bancorp Inc recorded revenue increase by 9.86 % year on year, sequentially revnue fell by -1.59 %.
• List of FSBW Customers
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Customers Net Income fell in Q4 by |
Customers Net margin fell to % |
-4.36 % |
11.29 % |
Fs Bancorp Inc's Comment on Sales, Marketing and Customers
The Company conducts operations out of its main administrative office, three
loan production offices, and seven full-service bank branch offices in the Puget
Sound region of Washington, as well as one loan production office in eastern
Washington. The administrative office is located in Mountlake Terrace, in Snohomish
County, Washington. The three stand-alone home lending offices in the Puget
Sound region are located in Puyallup, in Pierce County, Bellevue, in King County,
Port Orchard, in Kitsap County, and the one stand-alone home lending office
is located in Tri-Cities (Kennewick), in Benton County, Washington. Regarding
the seven full-service bank branches, three branch offices are located in Snohomish
County, two branch offices are located in King County, one branch office is
located in Pierce County to the south, and one in Kitsap County to the west.
On September 1, 2015, the Bank entered into a Purchase and Assumption Agreement
for the acquisition of four retail bank branches from Bank of America, National
Association, and on January 22, 2016, the Bank completed the Branch Purchase.
The four branches are located in the communities of Port Angeles, Sequim, Port
Townsend, and Hadlock, Washington.
The primary market area for business operations is the Seattle-Tacoma-Bellevue,
WA Metropolitan Statistical Area (the “Seattle MSA”). Kitsap County,
though not in the Seattle MSA, is also part of the Company’s market area.
This overall region is typically known as the Puget Sound region. The population
of the Puget Sound region was an estimated 3.9 million in 2015, over half of
the state’s population, representing a large population base for potential
business. The region has a well-developed urban area in the western portion
along Puget Sound, with the north, central and eastern portions containing a
mixture of developed residential and commercial neighborhoods and undeveloped,
rural neighborhoods.
The Puget Sound region is the largest business center in both the State of Washington
and the Pacific Northwest. Currently, key elements of the economy are aerospace,
military bases, clean technology, biotechnology, education, information technology,
logistics, international trade and tourism. The region is well known for the
long presence of The Boeing Corporation and Microsoft, two major industry leaders,
and for its leadership in technology. Amazon.com has expanded significantly
in the Seattle downtown area. The workforce in general is well-educated and
strong in technology. Washington State’s location with regard to the Pacific
Rim, along with a deepwater port has made international trade a significant
part of the regional economy. Tourism has also developed into a major industry
for the area, due to the scenic beauty, temperate climate and easy accessibility.
King County, the location of the city of Seattle, has the largest employment
base and overall level of economic activity. Seven of the largest employers
in the state are headquartered in King County including The Boeing Company,
Microsoft Corporation, University of Washington, Alaska Airlines, Amazon.com,
Costco, and Starbucks. Pierce County’s economy is also well diversified
with the presence of military related government employment (Joint Base Lewis-McChord),
along with health care (the Franciscan Health System and the Multicare Health
System). In addition, there is a large employment base in the economic sectors
of shipping (the Port of Tacoma) and aerospace employment (Boeing). Snohomish
County to the north has an economy based on aerospace employment (Boeing), military
(the Everett Naval Station) along with additional employment concentrations
in biotechnology, electronics/computers, and wood products.
The United States Navy is a key element for Kitsap County’s economy. The
United States Navy is the largest employer in the county, with installations
at Puget Sound Naval Shipyard, Naval Undersea Warfare Center Keyport and Naval
Base Kitsap (which comprises former Naval Submarine Base Bangor, and Naval Station
Bremerton). The largest private employers in the county are the Harrison Medical
Center, Wal-Mart, and Port Madison Enterprises.
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Fs Bancorp Inc's Comment on Sales, Marketing and Customers
The Company conducts operations out of its main administrative office, three
loan production offices, and seven full-service bank branch offices in the Puget
Sound region of Washington, as well as one loan production office in eastern
Washington. The administrative office is located in Mountlake Terrace, in Snohomish
County, Washington. The three stand-alone home lending offices in the Puget
Sound region are located in Puyallup, in Pierce County, Bellevue, in King County,
Port Orchard, in Kitsap County, and the one stand-alone home lending office
is located in Tri-Cities (Kennewick), in Benton County, Washington. Regarding
the seven full-service bank branches, three branch offices are located in Snohomish
County, two branch offices are located in King County, one branch office is
located in Pierce County to the south, and one in Kitsap County to the west.
On September 1, 2015, the Bank entered into a Purchase and Assumption Agreement
for the acquisition of four retail bank branches from Bank of America, National
Association, and on January 22, 2016, the Bank completed the Branch Purchase.
The four branches are located in the communities of Port Angeles, Sequim, Port
Townsend, and Hadlock, Washington.
The primary market area for business operations is the Seattle-Tacoma-Bellevue,
WA Metropolitan Statistical Area (the “Seattle MSA”). Kitsap County,
though not in the Seattle MSA, is also part of the Company’s market area.
This overall region is typically known as the Puget Sound region. The population
of the Puget Sound region was an estimated 3.9 million in 2015, over half of
the state’s population, representing a large population base for potential
business. The region has a well-developed urban area in the western portion
along Puget Sound, with the north, central and eastern portions containing a
mixture of developed residential and commercial neighborhoods and undeveloped,
rural neighborhoods.
The Puget Sound region is the largest business center in both the State of Washington
and the Pacific Northwest. Currently, key elements of the economy are aerospace,
military bases, clean technology, biotechnology, education, information technology,
logistics, international trade and tourism. The region is well known for the
long presence of The Boeing Corporation and Microsoft, two major industry leaders,
and for its leadership in technology. Amazon.com has expanded significantly
in the Seattle downtown area. The workforce in general is well-educated and
strong in technology. Washington State’s location with regard to the Pacific
Rim, along with a deepwater port has made international trade a significant
part of the regional economy. Tourism has also developed into a major industry
for the area, due to the scenic beauty, temperate climate and easy accessibility.
King County, the location of the city of Seattle, has the largest employment
base and overall level of economic activity. Seven of the largest employers
in the state are headquartered in King County including The Boeing Company,
Microsoft Corporation, University of Washington, Alaska Airlines, Amazon.com,
Costco, and Starbucks. Pierce County’s economy is also well diversified
with the presence of military related government employment (Joint Base Lewis-McChord),
along with health care (the Franciscan Health System and the Multicare Health
System). In addition, there is a large employment base in the economic sectors
of shipping (the Port of Tacoma) and aerospace employment (Boeing). Snohomish
County to the north has an economy based on aerospace employment (Boeing), military
(the Everett Naval Station) along with additional employment concentrations
in biotechnology, electronics/computers, and wood products.
The United States Navy is a key element for Kitsap County’s economy. The
United States Navy is the largest employer in the county, with installations
at Puget Sound Naval Shipyard, Naval Undersea Warfare Center Keyport and Naval
Base Kitsap (which comprises former Naval Submarine Base Bangor, and Naval Station
Bremerton). The largest private employers in the county are the Harrison Medical
Center, Wal-Mart, and Port Madison Enterprises.
FSBW's vs. Customers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
Fs Bancorp Inc |
260.51 |
139.02 |
36.05 |
239 |
Genworth Financial Inc |
2,889.64 |
7,488.00 |
139.00 |
5,300 |
Mgic Investment Corp |
6,402.22 |
1,155.10 |
712.95 |
800 |
Mbia Inc |
317.79 |
95.00 |
-407.00 |
252 |
American International Group Inc |
56,728.19 |
46,802.00 |
3,878.00 |
36,600 |
D r Horton Inc |
55,239.44 |
35,928.60 |
4,782.60 |
13,237 |
Kb Home |
5,950.46 |
6,410.63 |
590.18 |
1,590 |
Lgi Homes Inc |
2,665.67 |
2,358.58 |
199.23 |
390 |
Meritage Homes Corporation |
6,185.02 |
1,518.56 |
738.75 |
1,409 |
Nvr Inc |
27,018.67 |
9,518.20 |
1,591.61 |
6,600 |
Beazer Homes Usa Inc |
967.26 |
2,147.69 |
156.01 |
1,063 |
M d c Holdings Inc |
4,762.79 |
4,520.11 |
401.01 |
0 |
Mi Homes Inc |
3,667.23 |
4,033.50 |
465.37 |
1,008 |
Hovnanian Enterprises Inc |
993.03 |
2,463.18 |
132.53 |
0 |
Toll Brothers Inc |
13,974.92 |
9,994.94 |
1,372.07 |
3,900 |
Lennar Corp |
49,333.22 |
34,233.37 |
3,961.29 |
9,495 |
Achari Ventures Holdings Corp I |
35.36 |
855.20 |
-2.25 |
214 |
Taylor Morrison Home Corp |
6,656.13 |
7,901.79 |
871.98 |
113 |
Tri Pointe Homes Inc |
3,666.15 |
4,167.88 |
349.20 |
1,036 |
Century Communities Inc |
2,990.25 |
3,727.03 |
194.24 |
510 |
Green Brick Partners Inc |
2,682.95 |
1,758.42 |
287.48 |
0 |
Vanjia Corporation |
165.60 |
0.02 |
0.07 |
1 |
Nobility Homes Inc |
109.02 |
64.82 |
11.32 |
129 |
Mr Cooper Group Inc |
5,189.04 |
1,794.00 |
500.00 |
7,200 |
Arch Capital Group Ltd |
35,026.96 |
13,634.00 |
4,442.00 |
5,200 |
Essent Group Ltd |
6,169.98 |
1,109.76 |
696.39 |
366 |
Nmi Holdings Inc |
2,622.18 |
579.00 |
322.11 |
243 |
Radian Group Inc |
5,189.70 |
1,240.59 |
603.12 |
1,881 |
SUBTOTAL |
307,598.87 |
205,499.95 |
26,989.23 |
98,537 |
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