FS Bancorp (FSBW) Research & Development (2011 - 2026)
FS Bancorp (FSBW) recorded quarterly Research & Development of $1.6 million in Q1 2026, down 13.65% quarter-over-quarter from $1.8 million in Q4 2025, and down 22.05% on a YoY basis from $2.0 million in Q1 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 was $1.6 million for Q1 2026 at FS Bancorp, down from $1.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $2.3 million in Q4 2024 to a low of $1.4 million in Q1 2022.
- Historically, Research & Development has averaged $1.8 million across 5 years, with a median of $1.8 million in 2025.
- The sharpest annual moves came in 2022 and 2026: Research & Development jumped 50.09% in 2022, then decreased 22.05% in 2026.
- A 5-year view of Research & Development shows it 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.
- The last three Research & Development figures came in at $1.6 million (Q1 2026), $1.8 million (Q4 2025), and $1.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | - |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 1.10 Mn |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 554,000.00 |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | - |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | FS Bancorp | 318.30 Mn | 279.04 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 |