FS Bancorp, Inc. — Form 8-K
Filed July 21, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
FS Bancorp reported Q2 2026 net income of $7.9 million ($1.04 per diluted share), up modestly from $7.8M in Q1 2026 and $7.7M in Q2 2025. Board declared 54th consecutive quarterly cash dividend of $0.29 per share payable August 21, 2026. Key developments: total deposits declined $188.7M (7.2%) to $2.45B due to $201.1M reduction in brokered deposits, partially offset by $12.1M increase in retail deposits; loans grew $4.9M to $2.63B; company repurchased 87,000 shares for $3.6M at $41.81/share; provision for credit losses increased to $2.6M (vs. $2.0M prior year Q2), driven by $2.3M charge-off on commercial construction loan and elevated consumer delinquencies. Company remains in process of merger with Pacific West Bancorp, incurring $417K acquisition costs in Q2.
Why this rating
Routine quarterly earnings release. Modest 3% YoY net income growth, stable margins (4.30% NIM), and ordinary dividend continuation are not material. Deposit outflow is concerning but funded by borrowings. Merger adds risk but remains pending. All metrics and events are small relative to $260M market cap.
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