✨ Free AI Report
FS Bancorp, Inc.: Key Facts, Business Model & Financial Analysis Read the overview below or get the full interactive report with Cyborg Score, analyst debate audio & saved-company playlists — free, no credit card.
Get Free Report →
Home Company Research FS Bancorp, Inc.
Company Research

FS Bancorp, Inc.: Business Overview, Financials & Competitive Analysis

FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington, a Pacific Northwest bank serving commercial, consumer, and home lending customers. As of September 30, 2026, it reported total deposits of $...

Analyst-debate audio for FS Bancorp, Inc.

AskCyborg analysts argue the bull and bear cases for FS Bancorp, Inc. across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

Play the free intro →
Free intro · Pro unlocks the full analyst debate
5/ 10Mixed

Cyborg Score thesis

FS Bancorp is a regional bank whose earnings recovery depends on integrating the Pacific West acquisition and on mortgage-market...

Read the full analyst-debate transcript →
Industry Retail Banking
1 named competitors
1 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: November 9, 2026
AI-Generated Research
30+ Page Report

Get the Latest FS Bancorp, Inc. Report

Up-to-date AI-powered research, analyst debate audio & saved-company playlists

Get Current Report Free
✓ No credit card required
or get it by email

FS Bancorp, Inc. Overview

Pro stress-test →

FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington, a Pacific Northwest bank serving commercial, consumer, and home lending customers. As of September 30, 2026, it reported total deposits of $2.87 billion and net loans receivable of $3.01 billion. The company matters as a regional lender whose results are shaped by both acquisition integration and mortgage-rate sensitivity.

Strategic Profile

Pro stress-test →

The company runs two segments, Commercial and Consumer Banking and Home Lending, which diversifies earnings across balance-sheet lending and mortgage activity. Its consistent dividend record, with a 55th consecutive quarterly dividend declared in October 2026, supports its shareholder-return positioning.

Competitive Landscape

Pro stress-test →

FS Bancorp competes as a Washington-based regional bank against other Pacific Northwest banks for commercial, consumer, and mortgage customers. Limited source evidence was retrieved on named competitors, so only one well-known regional peer is listed.

Industry Context

FS Bancorp, Inc. operates in Retail Banking.

Key facts

Headquarters: Mountlake Terrace, United States

What the AI analysts debated

AI-generated and not independently verified: selected findings from the multi-agent debate on FS Bancorp, Inc..

  • Third-quarter 2026 net income was $4.9 million, or $0.63 per diluted share, versus $9.2 million a year earlier, so earnings compression is the central financial issue for shareholders in the near term.
  • Home Lending reported a net loss of about $806,000 in the third quarter of 2026 as rates rose, while gross margins on home loan sales improved to 3.55%, showing mortgage earnings remain sensitive to rate moves.
+2 more AI-generated counter-arguments unlock with Pro. Read the full analyst debate →

Recent developments

Material events tracked by the AskCyborg corpus.

  • August 2026Authorized a share repurchase program, announced August 24, 2026.
Get alerted when FS Bancorp, Inc. has a new material development →

Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

BannerPacific Northwest regional commercial and consumer bank→

Compare FS Bancorp, Inc. with another company

Pick any company in the AskCyborg corpus to see side-by-side Cyborg Scores and insights.

vs
Side-by-side opens in your AskCyborg account

Industry context

FS Bancorp, Inc. operates in Retail Banking. See how the rest of the sector scores on the Cyborg framework.

Browse Retail Banking research →
NEW · MCP server

Ask your AI assistant about FS Bancorp, Inc.

Install the free AskCyborg MCP server in Claude, Cursor, Cline, Continue, or Windsurf and ask any of these in-line:

“Compare FS Bancorp, Inc. and its top competitor on Cyborg Score”
“What did FS Bancorp, Inc. do this quarter?”
“Is FS Bancorp, Inc. a defensible business in 5 years?”
Install the MCP server (10 sec) →
Free, anonymous, no API key required

How AskCyborg research is made

⚔

AI analyst debate, not single-author opinion

Every report is generated by a panel of AI analysts arguing across 11 dimensions, so counter-arguments sit alongside the case. The debate is a reasoning process; it does not independently verify facts.

📊

Dated, not live

The Cyborg Score and recent developments reflect public sources as of the date shown and can miss or lag recent events. Check primary sources before relying on them.

🔗

Methodology open at /methodology

The framework, dimensions, and band breakdowns are documented. The Cyborg Score is an AI-generated opinion under that framework, not a credit rating or an investment recommendation.

🔒

Free tier is free

No credit card to read the research. Pro adds saved-company audio playlists, monitoring, audio briefings on demand, and PDF export for $39/mo annual.

Sources: public filings, regulatory data, and news flow, analysed by AI models. Read the methodology →

AI-generated research summary based on public sources; it may contain errors or omissions. Not investment advice. Not reviewed or endorsed by the companies covered. Report an error: legal@askcyborg.com (you must copy support@askcyborg.com) · Terms of Service

Frequently asked questions

What does FS Bancorp, Inc. do?+
FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington, a Pacific Northwest bank serving commercial, consumer, and home lending customers. As of September 30, 2026, it reported total deposits of $...
What is FS Bancorp, Inc.'s Cyborg Score?+
FS Bancorp, Inc. has a Cyborg Score of 5/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are FS Bancorp, Inc.'s main competitors?+
Named competitors include Banner. The full competitive landscape is in the AskCyborg report.
How can I get the full FS Bancorp, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the FS Bancorp, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

Track FS Bancorp, Inc. over time

Pro members get saved-company audio playlists, Cyborg Score recalibrations, and monitoring for material events across the AskCyborg corpus.

See Pro features
From $39/mo annual

Top-scored companies on AskCyborg

The strongest performers across the analyst-debate framework.

9Advantest Corporation9Anthropic9Apple Inc.9Applied Materials, Inc.9Arista Networks9Aritzia Inc.9ASML Holding N.V.9BAE Systems plc9Barrick Mining Corporation9Berkshire Hathaway Inc.