Quarterly ResultApr 21, 2026, 04:33 PM
FS Bancorp Q1 2026 Net Income $7.8M, EPS $1.02; Declares $0.29 Dividend
AI Summary
FS Bancorp reported Q1 2026 net income of $7.8 million, or $1.02 per diluted share, down from $8.4 million in the prior quarter and $8.0 million a year ago. Pre-tax income, however, increased 4.6% year-over-year to $9.9 million. The company announced its 53rd consecutive quarterly cash dividend of $0.29 per common share and highlighted a record book value per share of $42.42. Management also noted the announced merger with Pacific West Bancorp and projected growth into the Portland, Oregon market.
Key Highlights
- Q1 2026 net income was $7.8 million, or $1.02 per diluted share.
- Pre-tax income rose 4.6% YoY to $9.9 million in Q1 2026.
- Book value per share reached a record $42.42.
- Declared $0.29 cash dividend per common share, payable May 21, 2026.
- Home Lending production increased 42.7% YoY to $207.5 million.