10-Q quarterly report · filed May 8, 2026

FS Bancorp, Inc. (FSBW) Q1 2026 10-Q Quarterly Report

Short answer

FS Bancorp, Inc. (FSBW) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $49M (up 5.4% year over year) with net income of $8M.

Q1 2026 key financials · XBRL

Revenue
$49M
+5.4% YoY
Net income
$8M
−2.4% YoY
EPS (diluted)
$1.02
+1.0% YoY

Source: XBRL data from the FS Bancorp, Inc. (FSBW) Q1 2026 10-Q on SEC EDGAR. USD.

FS Bancorp, Inc. Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Net income $7.8M vs $8.0M YoY, down $0.2M, driven by higher credit-loss provisions, taxes, and noninterest expense
  • Net interest income $32.5M vs $31.0M YoY; NIM 4.31% vs 4.32%
  • Best-performing line: one-to-four-family originations $207.5M, up 42.7% YoY; refinance volume up 175.0%
  • Home-loan sales $154.7M vs $91.9M YoY; gross margin 3.03% vs 3.26%
  • Cash and equivalents increased $10.5M sequentially; dividends $2.2M and share repurchases $620,000
  • Headwinds: deposits down $36.1M, past-due loans 0.87% vs 0.84%, and competitive mortgage pricing pressure

Risk Factors

  • No material changes to 2025 Form 10-K risk factors
  • Pacific West Bancorp definitive agreement dated February 25, 2026
  • Stock repurchase program authorized up to $5.0 million through October 27, 2026
  • Repurchases totaled 15,025 shares at $41.24 average price
  • Remaining repurchase authorization $3,670,283

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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