Fs Bancorp Inc Stock Price, News & Analysis

FS Bancorp (NASDAQ: FSBW) reported Q2 2025 net income of $7.7 million ($0.99 per diluted share), down from $9.0 million ($1.13 per diluted share) in Q2 2024. The company announced its 50th consecutive quarterly dividend of $0.28 per share plus a special dividend of $0.22 per share, both payable August 21, 2025.

Key metrics include: Total deposits decreased 2.4% to $2.55 billion, loans receivable increased 3.2% to $2.58 billion, and borrowings rose significantly by 240.5% to $234.3 million. The company actively repurchased 132,282 shares at an average price of $38.92 and approved a new $5.0 million share repurchase plan.

Book value per share improved to $39.55, up from $37.15 year-over-year. The Bank maintained strong regulatory capital ratios with 14.1% total risk-based capital and 11.2% Tier 1 leverage capital.

FS Bancorp (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington, has announced the promotion of May-Ling Sowell to the position of Chief Compliance Officer, SVP, effective July 1, 2025.

Sowell, who joined the bank as Compliance Officer in 2006, brings over three decades of banking experience and holds a Certified Regulatory Compliance Manager designation obtained in 2012. In her new role, she will lead the bank's regulatory compliance system, security, and internal compliance training teams.

1st Security Bank currently operates 27 branches across Washington and Oregon, offering loan and deposit services, with mortgage services available at all locations.

FS Bancorp (NASDAQ: FSBW) has announced a new share repurchase program authorizing up to $5.0 million in common stock buybacks. The program will run for 12 months until July 9, 2026, with purchases to be made in open market or private transactions.

The new buyback program will commence three trading days after this announcement. Additionally, the company's previous repurchase plan from April 4, 2025, still has $400,000 remaining for repurchases. Management will conduct purchases based on market conditions, stock price, and alternative capital uses, following SEC Rule 10b-18 requirements.

FS Bancorp (NASDAQ: FSBW) reported Q1 2025 net income of $8.0 million, or $1.01 per diluted share, compared to $8.4 million ($1.06/share) in Q1 2024. The company announced its 49th consecutive quarterly cash dividend of $0.28 per share, payable May 22, 2025.

Key highlights include:

• Total deposits increased 11.8% to $2.62 billion, primarily from $226.9 million growth in brokered deposits
• Loans receivable remained stable at $2.50 billion, up 3.5% year-over-year
• Consumer loans decreased 1.8% to $608.9 million, with 87.4% being home improvement loans
• Book value per share increased to $39.12
• The company repurchased 98,317 shares at average $39.06/share and authorized additional $5.0 million for future repurchases

FS Bancorp (NASDAQ: FSBW) has announced a new share repurchase program authorized by its Board of Directors. The program allows for the repurchase of up to $5.0 million of the company's outstanding common stock, either through open market or private transactions, over a 12-month period ending March 31, 2026.

The new program will begin on the third trading day following this announcement. Additionally, approximately $900,000 remains available from the previously announced November 15, 2024 repurchase plan.

Management will conduct repurchases at their discretion based on market conditions, trading prices, and alternative capital uses. The program will follow SEC Rule 10b-18 limitations and can be suspended, terminated, or modified at any time.

FS Bancorp (NASDAQ: FSBW) has announced the promotion of Phillip Whittington to Chief Financial Officer of both the holding company and its subsidiary 1st Security Bank of Washington, effective May 1, 2025. Whittington, who has served as the Bank's Controller since January 2020, will succeed Matthew D. Mullet, who will continue his role as President for both entities.

Prior to joining 1st Security Bank, Whittington worked as a manager at Elliott Davis accounting firm in Columbia, South Carolina. He is a Certified Public Accountant with a Bachelor of Science in Accounting from the College of Charleston and a Master of Accountancy from the University of South Carolina.

FS Bancorp (NASDAQ: FSBW) reported Q4 2024 net income of $7.4 million ($0.92 per diluted share), down from $9.8 million ($1.23 per diluted share) in Q4 2023. The decrease was primarily due to a $2.5 million tax provision in Q4 2024 compared to a $420,000 tax benefit in Q3 2024. For the full year 2024, net income was $35.0 million ($4.36 per diluted share), compared to $36.1 million in 2023.

The company announced its 48th consecutive quarterly dividend increase of $0.01 to $0.28 per share, payable on February 20, 2025. Total assets increased to $3.03 billion, surpassing the $3 billion milestone. Tangible book value per share grew 13.8% year-over-year to $36.02.

Notable metrics include a net interest margin of 4.31%, total deposits of $2.34 billion (down 3.6% quarterly), and net loans receivable of $2.50 billion (up 1.6% quarterly).

FS Bancorp (NASDAQ: FSBW) has completed its previously announced $5.0 million share repurchase program from July 11, 2024. The company's Board of Directors has authorized an additional $5.0 million share repurchase program, effective until October 31, 2025. The new program allows for share repurchases through open market, private transactions, or shares withheld upon equity awards exercise. Management will execute repurchases at their discretion based on market conditions, trading prices, and alternative capital uses. The program can be suspended, modified, or terminated at any time and doesn't obligate the company to purchase a specific number of shares.

FS Bancorp, holding company for 1st Security Bank of Washington, reported Q3 2024 net income of $10.3 million or $1.29 per diluted share, up from $9.0 million or $1.13 per diluted share in Q3 2023. For the nine months ending September 30, 2024, net income was $27.6 million or $3.45 per diluted share, compared to $26.3 million or $3.33 per diluted share for the same period in 2023.

Total deposits rose by $44.5 million to $2.43 billion, while borrowings decreased by $18.1 million to $163.8 million. The company's net interest margin increased to 4.35%. The Board approved a $0.27 per share cash dividend, payable on November 21, 2024, to shareholders of record as of November 7, 2024.

FS Bancorp repurchased 97,000 shares at an average price of $43.58 per share. The book value per share increased to $37.45, and the tangible book value per share rose to $35.10. The company reported a tax benefit of $420,000 due to energy tax credits.