FS Bancorp (FSBW) Research & Development (2011 - 2026)
FS Bancorp's (FSBW) quarterly Research & Development came in at $1.6 million in Q1 2026, down 22.05% year-on-year from $2.0 million in Q1 2025, and down 13.65% quarter-over-quarter from $1.8 million in Q4 2025.
FS Bancorp (FSBW) Research & Development (2011 - 2026) Analysis & Trends
FS Bancorp's Research & Development history runs 16 years deep, the most recent figure standing at $1.6 million for Q1 2026.
- On a quarterly basis, Research & Development fell 22.05% year-over-year to $1.6 million in Q1 2026; TTM through Mar 2026 was $7.4 million, a 13.51% decrease from a year earlier, with the FY2025 full-year figure at $7.8 million, down 7.26% from the prior year.
- Research & Development eased to $1.6 million in Q1 2026 per FSBW's latest filing, from $1.8 million in the prior quarter.
- Across five years, Research & Development topped out at $2.3 million in Q4 2024 and bottomed at $1.4 million in Q1 2022.
- The 5-year median for Research & Development is $1.8 million (2025), against an average of $1.8 million.
- Across the five-year window, Research & Development soared 50.09% in 2022 and dropped 22.05% in 2026, its largest moves.
- Year by year, Research & Development stood at $1.7 million in 2022, then climbed by 3.59% to $1.8 million in 2023, then increased by 27.95% to $2.3 million in 2024, then declined by 18.03% to $1.8 million in 2025, then decreased by 13.65% to $1.6 million in 2026.
- Per Business Quant, the three latest FSBW Research & Development figures stand at $1.6 million (Q1 2026), $1.8 million (Q4 2025), and $1.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | - |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | - |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | - |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | - |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | 1.10 Mn |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 554,000.00 |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | - |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | - |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | 573.00 Mn |
| 10 | FS Bancorp | 324.00 Mn | 285.30 Mn | - | 1.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.59 Mn |
| Dec 31, 2025 | 1.85 Mn |
| Sep 30, 2025 | 1.78 Mn |
| Jun 30, 2025 | 2.14 Mn |
| Mar 31, 2025 | 2.05 Mn |
| Dec 31, 2024 | 2.25 Mn |
| Sep 30, 2024 | 2.16 Mn |
| Jun 30, 2024 | 2.06 Mn |
| Mar 31, 2024 | 1.96 Mn |
| Dec 31, 2023 | 1.76 Mn |
| Sep 30, 2023 | 1.84 Mn |
| Jun 30, 2023 | 1.68 Mn |
| Mar 31, 2023 | 1.57 Mn |
| Dec 31, 2022 | 1.70 Mn |
| Sep 30, 2022 | 1.55 Mn |
| Jun 30, 2022 | 1.46 Mn |
| Mar 31, 2022 | 1.36 Mn |
| Dec 31, 2021 | 1.13 Mn |
| Sep 30, 2021 | 1.31 Mn |
| Jun 30, 2021 | 1.20 Mn |