While the quarter-over-quarter earnings decline is due to a non-recurring item, monitor the next earnings report for trends in net interest margin and credit quality, as the provision for credit losses increased to $2.6 million.
Price Chart
Executive Summary
FS Bancorp reported Q1 2026 net income of $7.8M ($1.02 diluted EPS), down from $8.4M ($1.10 EPS) in Q4 2025, primarily due to the absence of a $1.0M bank-owned life insurance benefit. The company also declared its 53rd consecutive quarterly dividend of $0.29 per share.
Key Financial Metrics
Key Facts
- Q1 2026 net income was $7.8 million ($1.02 diluted EPS), a decrease from $8.4 million ($1.10 EPS) in Q4 2025.
- The decline is primarily attributed to the absence of a $1.0 million bank-owned life insurance mortality benefit received in the prior quarter.
- The company declared its 53rd consecutive quarterly cash dividend of $0.29 per common share.
- Book value per share increased to $42.42, up from $41.55 at the end of 2025.
Financial Impact
Net income decreased by $0.6 million (7.1%) from the prior quarter.
Risk Factors
- The increase in the provision for credit losses to $2.6 million from $1.5 million in the prior year quarter indicates heightened credit stress, particularly in the consumer loan portfolio.
- Nonperforming loans increased to $18.27 million, up from $14.47 million in the prior year quarter, driven by a specific commercial construction relationship.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-012996 |
| Document: fsbw20260226_8k.htm | 0001437749-26-012996 |
| Document: 0001437749-26-012996-index-headers.html | 0001437749-26-012996 |
| Document: 0001437749-26-012996-index.html | 0001437749-26-012996 |
| Document: 0001437749-26-012996.txt | 0001437749-26-012996 |
| 8-K Data (Synthetic) | 0001437749-26-012996 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $43.88 $43.77 | ▼ −0.25% | ▼ −0.96% | $43.77 (−0.25%) |
Oct 21, 2026 5d ago | 8-K | $44.35 $43.88 | ▲ +1.06% | ▲ +0.54% | $43.77 (+1.31%) |
Oct 21, 2026 5d ago | Press Release | $44.35 $43.88 | ▲ +1.06% | ▲ +0.54% | $43.77 (+1.31%) |
Aug 28, 2026 8w ago | 144 | $42.85 $42.30 | ▼ −1.28% | ▼ −0.98% | $43.77 (+2.15%) |
Aug 24, 2026 9w ago | 8-K | $42.94 $42.73 | ▼ −0.49% | ▼ −0.81% | $43.77 (+1.93%) |
Aug 24, 2026 9w ago | Press Release | $42.94 $42.73 | ▼ −0.49% | ▼ −0.81% | $43.77 (+1.93%) |
Aug 21, 2026 9w ago | 8-K | $42.47 $42.94 | ▲ +1.11% | ▲ +1.40% | $43.77 (+3.06%) |
Aug 20, 2026 9w ago | Press Release | $42.60 $42.47 | ▼ −0.31% | ▼ −0.71% | $43.77 (+2.75%) |
Aug 11, 2026 10w ago | 8-K | $42.61 $43.79 | ▲ +2.77% | ▲ +2.52% | $43.77 (+2.72%) |
Jul 16, 2026 14w ago | EFFECT | $45.27 $44.03 | ▼ −2.74% | ▼ −1.75% | $43.77 (−3.31%) |
US Market Status
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