FS Bancorp (FSBW) Research & Development (2011 - 2026)
FS Bancorp (FSBW) posted Research & Development of $1.8 million for Q2 2026, up 14.55% on a QoQ basis from $1.6 million in Q1 2026, and down 14.55% year-over-year from $2.1 million in Q2 2025.
Analysis
FS Bancorp (FSBW) Research & Development (2011 - 2026) Analysis & Trends
FS Bancorp has reported Research & Development for 16 years, with the latest figure at $1.8 million in Q2 2026.
- On a quarterly basis, Research & Development fell 14.55% year-over-year to $1.8 million in Q2 2026; TTM through Jun 2026 was $7.0 million, a 17.93% decrease from a year earlier, with the FY2025 full-year figure at $7.8 million, down 7.26% from the prior year.
- Research & Development was $1.8 million for Q2 2026 at FS Bancorp, up from $1.6 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.
- Average Research & Development over 5 years is $1.8 million, with a median of $1.8 million recorded in 2025.
- The sharpest annual moves came in 2022 and 2026: Research & Development surged 50.09% in 2022, then slipped 22.05% in 2026.
- Over 5 years, Research & Development stood at $1.7 million in 2022, then grew by 3.59% to $1.8 million in 2023, then rose by 27.95% to $2.3 million in 2024, then fell by 18.03% to $1.8 million in 2025, then fell by 1.08% to $1.8 million in 2026.
- The last three Research & Development figures came in at $1.8 million (Q2 2026), $1.6 million (Q1 2026), and $1.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | - |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | - |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | 250.00 Mn |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | 154.00 Mn |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | 326.00 Mn |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | - |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | - |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | 108.00 Mn |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | - |
| 10 | FS Bancorp | 325.68 Mn | 295.97 Mn | - | 1.83 Mn |
Historic Data
Download Data
Historic 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 |