FS Bancorp (FSBW) Research & Development (2011 - 2026)
FS Bancorp (FSBW) posted quarterly Research & Development of $1.6 million for Q1 2026, down 22.05% year-over-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.
- In Q1 2026, Research & Development fell 22.05% year-over-year to $1.6 million; the TTM figure through Mar 2026 stood at $7.4 million (down 13.51% YoY), while the FY2025 annual figure was $7.8 million, down 7.26% from the prior year.
- Research & Development for Q1 2026 stood at $1.6 million, down from $1.8 million in the prior quarter.
- The five-year high for Research & Development was $2.3 million in Q4 2024, with the low 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.
- The sharpest annual moves came in 2022 and 2026: Research & Development soared 50.09% in 2022, then retreated 22.05% in 2026.
- FS Bancorp's Research & Development stood at $1.7 million in 2022, then advanced by 3.59% to $1.8 million in 2023, then grew by 27.95% to $2.3 million in 2024, then dropped by 18.03% to $1.8 million in 2025, then retreated by 13.65% to $1.6 million in 2026.
- Business Quant data shows FSBW's Research & Development at $1.6 million in Q1 2026, $1.8 million in Q4 2025, and $1.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | FS Bancorp | 312.55 Mn | 282.84 Mn | - | 1.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.83 Mn |
| 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 |