Filing Flows › FS Bancorp (FSBW) › Q3 2026 › vs Q3 2025
FS Bancorp (FSBW) Q3 2026 vs Q3 2025 (year over year)
FS Bancorp's revenue rose $2.6M (+7%) from $39.3M in Q3 2025 to $41.9M in Q3 2026. The biggest changes: Net interest income +$2.0M (+6%); Noninterest income +$582K (+10%). Operating margin 14.5% against 29.5% (-15.0 pts).
FS Bancorp, Q3 2026: revenue $41.9M (+7% year over year), operating margin 14.5%, net earnings $4.9M, operating cash flow $33.1M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 14.5% | 29.5% | -15.0 pts |
| Net margin | 11.8% | 23.4% | -11.6 pts |
| Free cash flow margin | 75.9% | 105.9% | -30.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $35.7M | $33.7M | $2.0M | +6% |
| Noninterest income | $6.2M | $5.6M | $582K | +10% |
| Revenue | $41.9M | $39.3M | $2.6M | +7% |
| Operating profit | $6.1M | $11.6M | −$5.5M | -47% |
| Costs & expenses | $35.8M | $27.7M | $8.1M | +29% |
| Pre-tax earnings | $6.1M | $11.6M | −$5.5M | -47% |
| Credit loss provision | $3.5M | $2.3M | $1.2M | +50% |
| Noninterest expense | $32.3M | $25.4M | $6.9M | +27% |
| Net earnings | $4.9M | $9.2M | −$4.3M | -46% |
| Income tax | $1.2M | $2.4M | −$1.2M | -52% |
| Depreciation & amortization | $3.2M | $3.2M | −$14K | -0.4% |
| Share-based compensation | $627K | $583K | $44K | +8% |
| Working capital & other | $24.4M | $31.7M | −$7.3M | -23% |
| Operating cash flow | $33.1M | $44.6M | −$11.5M | -26% |
| Free cash flow (OCF − capex) | $31.8M | $41.6M | −$9.8M | -24% |
| Capital expenditures | $1.3M | $3.0M | −$1.7M | -56% |
Questions
How much did FS Bancorp's revenue grow year over year in Q3 2026?
FS Bancorp's revenue rose $2.6M (+7%) from $39.3M in Q3 2025 to $41.9M in Q3 2026.
What drove FS Bancorp's revenue change in Q3 2026?
Net interest income +$2.0M (+6%); Noninterest income +$582K (+10%).