FS Bancorp Posts Q2 Net Income of $7.9M and Extends Dividend Streak to 54 Quarters
FSBW sits 20% above its 52-week low of $36.66 on elevated volume (2.1× avg).
Summary
FS Bancorp reported Q2 2026 net income of $7.9 million, or $1.04 per diluted share, declared its 54th consecutive quarterly dividend of $0.29 per share, and repurchased $3.6 million in stock. Credit quality showed some pressure with a $2.3 million charge-off on a commercial construction loan, but capital ratios remain strong.
Key Events · Earnings and Guidance · FSBW
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Q2 Net Income of $7.9M
Net income of $7.9 million, or $1.04 per diluted share, compared to $7.8 million in Q1 2026 and $7.7 million in Q2 2025. Net interest margin held steady at 4.30%.
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54th Consecutive Quarterly Dividend
Board declared a regular quarterly cash dividend of $0.29 per share, payable August 21, 2026, to shareholders of record as of August 7, 2026.
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Share Repurchases of $3.6M
Repurchased 87,000 shares at an average price of $41.81 per share during Q2 2026, reducing shares outstanding to approximately 7.32 million.
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Credit Quality Pressure
Net charge-offs rose to $3.8 million, including a $2.3 million charge-off on a commercial construction loan. Nonperforming loans declined to $15.6 million, or 0.59% of total loans.
Analysis · FSBW · Finance
Steady second-quarter results underscore FS Bancorp's resilience, with net income reaching $7.9 million, or $1.04 per diluted share—a modest uptick from the prior quarter's $7.8 million. A stable net interest margin of 4.30% and disciplined expense management supported the bottom line, even as credit costs edged higher on a $2.3 million charge-off tied to a single commercial construction loan. Shareholder returns remained a priority: the company declared its 54th consecutive quarterly dividend of $0.29 per share and bought back $3.6 million in stock. Meanwhile, the Pacific West Bancorp merger is advancing as planned, with $417,000 in acquisition costs recorded this quarter and a shareholder vote scheduled for August 13.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FSBW was trading at $43.81 on NASDAQ in the Finance sector, with a market capitalization of approximately $326.5M. The 52-week trading range was $36.66 to $45.85. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.