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
DateValue
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