FS Bancorp, Inc. reported second-quarter 2026 results with modest revenue and earnings growth versus the prior-year quarter, driven by higher net interest and noninterest income and improved efficiency that supported a slight increase in net income and diluted EPS.

Financial Highlights

• Revenue was $55.81M, compared with $53.87M in the prior-year quarter; YoY change 3.6%.
• Net income was $7.94M, compared with $7.73M in the prior-year quarter; YoY change 2.7%.
• Diluted EPS was $1.04, compared with $0.99 in the prior-year quarter; YoY change 5.1%.

Business Highlights

• Revenue growth was driven by increases in both net interest income and noninterest income, supporting slight year-over-year net income improvement and better efficiency.
• Funding mix shifted from brokered certificates of deposit to borrowings from the Federal Home Loan Bank and the Federal Reserve Bank, reducing reliance on brokered deposits and changing liquidity sources.
• One-to-four-family loan originations rose about 19.9% year over year, with higher refinance activity and more loans sold to investors.
• Loan growth was concentrated in commercial real estate and residential mortgages, while indirect home improvement lending declined, reflecting shifting demand.
• Management continued emphasis on asset quality, allowance for credit losses coverage, geographic expansion, and integration planning related to the merger.

Original SEC Filing: FS Bancorp, Inc. [ FSBW ] - 10-Q - Aug. 10, 2026