Quarterly ResultMay 8, 2026, 04:57 PM
FS Bancorp Q1 Basic EPS $1.04; Net Income $7.83M
AI Summary
FS Bancorp reported Q1 2026 net income of $7.83 million, a 2.38% decrease from $8.02 million in Q1 2025. Basic earnings per share, however, increased by 1.96% to $1.04 from $1.02 year-over-year. The company's net interest income grew by 5.05% to $32.55 million, while the provision for credit losses increased significantly by 58.86% to $2.53 million. Total assets slightly increased to $3.20 billion, and total deposits decreased by 1.35% to $2.64 billion compared to December 31, 2025. The company also reiterated its definitive merger agreement to acquire Pacific West Bancorp for approximately $34.6 million.
Key Highlights
- Net income for Q1 2026 was $7.83 million, down 2.38% from $8.02 million in Q1 2025.
- Basic EPS for Q1 2026 increased 1.96% to $1.04, compared to $1.02 in Q1 2025.
- Net interest income rose 5.05% to $32.55 million in Q1 2026 from $30.98 million in Q1 2025.
- Provision for credit losses increased 58.86% to $2.53 million in Q1 2026 from $1.59 million in Q1 2025.
- Total assets increased 0.21% to $3.20 billion at March 31, 2026, from $3.19 billion at December 31, 2025.
- Total deposits decreased 1.35% to $2.64 billion at March 31, 2026, from $2.67 billion at December 31, 2025.
- Total loans receivable, net, slightly increased 0.035% to $2.624 billion at March 31, 2026.
- The company reiterated its definitive merger agreement to acquire Pacific West Bancorp for approximately $34.6 million.
Price Impact
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