FS Bancorp, Inc. (NASDAQ:FSBW) Q2 Earnings: EPS Misses, Revenue Beats, and Strong Financial Health

• FS Bancorp, Inc. (NASDAQ:FSBW) reported mixed Q2 2026 earnings, with EPS missing analyst estimates but revenue exceeding expectations.
• Despite the EPS miss, the company's net income and revenue showed year-over-year growth, indicating underlying financial strength.
• FS Bancorp, Inc. maintains a conservative financial structure, highlighted by a low debt-to-equity ratio of 0.02 and a price-to-earnings (P/E) ratio of 9.94.

FS Bancorp, Inc. (NASDAQ:FSBW) is the holding company for 1st Security Bank of Washington. The company operates within the regional banking sector and is currently working on integrating Pacific West Bank following a proposed merger. This strategic move is intended to support the company's ongoing financial performance and growth within its market.

On July 21, 2026, FS Bancorp, Inc. reports its second-quarter earnings results. The company announces an earnings per share (EPS) of $1.08. This figure falls short of the analyst consensus estimate of $1.13, representing a negative surprise of 4.43%. EPS indicates how much profit is allocated to each outstanding share of a company's stock.

Despite missing the estimate, the EPS of $1.08 shows an improvement from the $0.99 reported in the same quarter one year ago. The company's net income for the quarter reaches $7.9 million. Historically, FS Bancorp, Inc. has surpassed consensus EPS estimates in two of the last four quarters, showing a mixed but recently positive record.

In terms of revenue, FS Bancorp, Inc. posts $38.8 million for the quarter, which is higher than the analyst estimate of $38 million. This result marks a 4.1% increase compared to the same period last year. As highlighted by Zacks Investment Research, the company has now exceeded consensus revenue estimates in three of the last four quarters.

The company maintains a price-to-earnings (P/E) ratio of 9.94, which compares its stock price to its earnings. It also shows a very low debt-to-equity ratio of 0.02. This metric suggests that the company relies more on equity than debt to finance its assets, indicating a conservative financial structure.