FS Bancorp, Inc. Reports Third Quarter Net Income of $4.9 Million or $0.63 Per Diluted Share and Declares 55th Consecutive Quarterly Cash Dividend
FS Bancorp reported Q3 2026 net income of $4.9 million, or $0.63 per diluted share, down from $7.9 million ($1.04) in the prior quarter and $9.2 million ($1.18) a year ago, weighed down by $2.5 million of Pacific West acquisition costs and a Home Lending segment loss of $806,000. The Pacific West acquisition, completed August 19, 2026 for roughly $35.3 million in stock and cash, added $476.5 million of assets including $256.5 million of loans and $435.6 million of deposits, and produced a $1.7 million non-taxable bargain purchase gain. Total deposits jumped 17.1% to $2.87 billion and net loans rose to $3.01 billion.
Key figures
- Eps
- 0.63
- Revenue
- 0
- Nim
- 4.36%
- Buyback q3
- $1.9 million (44,664 shares at avg $43.41)
- Total assets
- $3.68 billion
- Net income q3
- 4900000
- Tier1 leverage
- 11.2%
- Total deposits
- $2.87 billion
- Deposit growth qoq
- $418.3 million (+17.1%)
- Dividend per share
- $0.29
- Acquisition costs q3
- $2.5 million
- Book value per share
- 43.05
- Eps diluted year ago
- 1.18
- Loans receivable net
- $3.01 billion
- Bargain purchase gain
- $1.7 million
- Net income nine months
- 20700000
- Net income prior quarter
- 7900000
- Total risk based capital
- 12.6%
- Acquisition consideration
- $35.3 million
- Eps diluted prior quarter
- 1.04
- Net income year ago quarter
- 9200000
- Net income nine months prior
- 24900000
- Shares issued in acquisition
- 430149
- Tangible book value per share
- 40.84
- Consecutive quarterly dividends
- 55
AI analysis
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