Filing Flows › FS Bancorp (FSBW) › Q3 2026
FS Bancorp (FSBW) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 9, 2026
FS Bancorp (FSBW) reported revenue of $41.9M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +8% from the quarter before. Operating margin was 14.5%, net earnings $4.9M (11.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.9M | +8% | +7% |
| Operating profit | $6.1M | -39% | -47% |
| Net earnings | $4.9M | -38% | -46% |
| Operating cash flow | $33.1M | -36% | -26% |
| Free cash flow | $31.8M | -38% | -24% |
What changed
Revenue was $41.9M in Q3 2026, up 7% year over year and up 8% from the previous quarter. Net interest income was the largest line at 85% of revenue. Net interest income added $2.0M year over year (up 6%), 77% of the total change.
Operating profit was $6.1M, a 14.5% margin (down 15.0 points year over year). Operating profit fell $5.5M even though revenue rose $2.6M versus a year earlier, so costs grew faster than sales. Total costs grew 29% against revenue growth of 7%. The fastest-growing cost line was Credit loss provision (+50%). Net earnings were $4.9M, down 46% year over year. The effective tax rate was 19.1%.
Operating cash flow was $33.1M (down 26% year over year), 672% of net earnings. Non-cash charges added back $3.2M of depreciation and amortization and $627K of share-based compensation. Working capital and other items added $24.4M. Capital expenditures of $1.3M left free cash flow of $31.8M.
Questions
What was FS Bancorp's revenue in the third quarter 2026?
FS Bancorp (FSBW) reported revenue of $41.9M for the third quarter 2026 (Q3 2026), +7% from a year earlier and +8% from the quarter before.
Was FS Bancorp profitable in the third quarter 2026?
Operating profit was $6.1M (14.5% of revenue) and net earnings $4.9M.
Source: FS Bancorp 10-Q on SEC EDGAR.