Despite a slight EPS miss, revenue and pre-tax income growth, record book value, and strong Home Lending momentum may support investor confidence. Monitor nonperforming loan trends and merger integration with Pacific West Bancorp for forward risks.
Price Chart
Executive Summary
FS Bancorp reported Q1 2026 net income of $7.8 million, or $1.02 per diluted share, missing consensus EPS of $1.01 by $0.02 (diluted EPS $1.02 vs. expected $1.01). Revenue of $37.9 million (net interest income + noninterest income) beat estimates of $37.1 million. Pre-tax income grew 4.6% YoY, driven by net interest growth and strong Home Lending results, but net income declined due to a prior-period $1.0M BOLI benefit. The company announced a record book value per share of $42.42 and a $0.29 quarterly dividend.
Key Financial Metrics
Key Facts
- EPS: $1.02 (diluted), missing $1.01 consensus by $0.01
- Revenue: $37.9 million (net interest income $32.5M + noninterest income $5.4M), above $37.1M estimate
- Net income: $7.8 million, down from $8.0M YoY and $8.4M sequentially
- Pre-tax income: $9.9 million, up 4.6% YoY
- Book value per share: $42.42 (record high)
- Dividend: $0.29 per share (53rd consecutive quarterly dividend)
- Home Lending production: $207.5M, up 42.7% YoY
- Nonperforming loans: $18.3M, up $3.8M YoY
Financial Impact
EPS miss of $0.01, revenue beat of $0.8M, pre-tax income up 4.6% YoY
Risk Factors
- Elevated nonperforming loans, particularly in consumer and CRE portfolios
- Merger execution risk with Pacific West Bancomp
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3278482 |
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% | $43.88 (+0.00%) |
Oct 21, 2026 5d ago | 8-K | $44.35 $43.88 | ▲ +1.06% | ▲ +0.54% | $43.88 (+1.06%) |
Oct 21, 2026 5d ago | Press Release | $44.35 $43.88 | ▲ +1.06% | ▲ +0.54% | $43.88 (+1.06%) |
Aug 28, 2026 8w ago | 144 | $42.85 $42.30 | ▼ −1.28% | ▼ −0.98% | $43.88 (+2.40%) |
Aug 24, 2026 9w ago | 8-K | $42.94 $42.73 | ▼ −0.49% | ▼ −0.81% | $43.88 (+2.19%) |
Aug 24, 2026 9w ago | Press Release | $42.94 $42.73 | ▼ −0.49% | ▼ −0.81% | $43.88 (+2.19%) |
Aug 21, 2026 9w ago | 8-K | $42.47 $42.94 | ▲ +1.11% | ▲ +1.40% | $43.88 (+3.32%) |
Aug 20, 2026 9w ago | Press Release | $42.60 $42.47 | ▼ −0.31% | ▼ −0.71% | $43.88 (+3.00%) |
Aug 11, 2026 10w ago | 8-K | $42.61 $43.79 | ▲ +2.77% | ▲ +2.52% | $43.88 (+2.98%) |
Jul 16, 2026 14w ago | EFFECT | $45.27 $44.03 | ▼ −2.74% | ▼ −1.75% | $43.88 (−3.07%) |
US Market Status
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