Quarterly ResultJul 21, 2026, 04:32 PM
FS Bancorp Q2 Net Income $7.9M, EPS $1.04; Declares $0.29 Dividend
AI Summary
FS Bancorp reported Q2 2026 net income of $7.9 million, or $1.04 per diluted share, showing slight increases quarter-over-quarter and year-over-year. The company also declared its 54th consecutive quarterly cash dividend of $0.29 per common share and repurchased $3.6 million in shares. While net loans grew and nonperforming loans decreased, total deposits saw a significant decline, mainly due to a strategic shift away from higher-cost brokered deposits, and the provision for credit losses increased due to specific charge-offs.
Key Highlights
- Net income for Q2 2026 was $7.9 million, up from $7.8 million in Q1 2026 and $7.7 million in Q2 2025.
- Diluted EPS for Q2 2026 was $1.04, compared to $1.02 in Q1 2026 and $0.99 in Q2 2025.
- Board approved a $0.29 per common share quarterly cash dividend, payable August 21, 2026.
- Repurchased 87,000 shares of common stock for $3.6 million at an average price of $41.81.
- Total deposits decreased by $188.7 million (7.2%) to $2.45 billion at June 30, 2026, primarily due to brokered deposits.
- Loans receivable, net, increased $4.9 million to $2.63 billion at June 30, 2026.
- Book value per share increased 2.7% to $43.57 at June 30, 2026, from $42.42 at March 31, 2026.
- Nonperforming loans decreased by $2.6 million to $15.6 million at June 30, 2026, from $18.3 million in Q1 2026.
Price Impact
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