Färjestad has had 21 Swedish Championship final appearances, winning ten times since the Swedish Hockey League (SHL; formerly Elitserien) was started in 1975, making them the most successful SHL club in history.

Following Brynäs IF's relegation to HockeyAllsvenskan in 2023, Färjestad is the only team to have constantly played in the current top tier of Swedish hockey, the SHL, since it was started in 1975.

Färjestad BK was founded on 10 November 1932 at Håfström Kiosk in the district of Färjestad in Karlstad by Sven Bryhske, Gösta Jonsson, Sven Larsson and Erik Myren.

Initially the association's main sport was bandy, which is still reflected in the full name of the club.

In the skills contest, Färjestad lost 18-17 against the All Stars on a Tuesday evening at Mile One Center.