Welcome to our dedicated page for Fs Bancorp news (Ticker: FSBW), a resource for investors and traders seeking the latest updates and insights on Fs Bancorp stock.
FS Bancorp, Inc. reports developments for its role as the holding company for 1st Security Bank of Washington, a community bank serving businesses and individuals in Washington and Oregon. News commonly covers quarterly operating results, net interest margin commentary, dividend actions, share repurchase authorizations, and governance updates.
The company’s updates also describe its two reportable segments: Commercial and Consumer Banking, which provides deposits, residential, consumer, business and commercial real estate lending, cash management, and investment-portfolio management; and Home Lending, which originates one-to-four-family residential mortgage loans for sale in secondary markets and for investment. Recurring items include branch and lending-office activity, mortgage leadership, and Pacific Northwest banking operations.
FS Bancorp (NASDAQ: FSBW) has announced a 3.8% increase in its quarterly cash dividend, now $0.27 per share, payable on August 21, 2024, to shareholders of record as of August 7, 2024. This marks the company's forty-sixth consecutive quarterly dividend. Additionally, the Board has authorized a share repurchase program, allowing the repurchase of up to $5 million in common stock until July 31, 2025. Repurchases can occur in open market or private transactions and are subject to market conditions and the company's financial performance. The program can be modified or terminated at management's discretion.
FS Bancorp (NASDAQ: FSBW), the parent company of 1st Security Bank of Washington, announced the promotions of Kelli Nielsen and Donn Costa effective May 1, 2024. Nielsen will become EVP, Chief Retail Banking Officer, and Costa will be EVP, Chief Home Lending Officer. CEO Joe Adams praised their leadership in enhancing customer experiences. Nielsen, with over three decades in finance, joined 1st Security in 2016 and has held various leadership roles. Costa, with 35 years in mortgage lending, contributed to the creation and growth of the Bank's mortgage division since joining in 2011. Both leaders actively support community initiatives and professional organizations.
FS Bancorp, the holding company for 1st Security Bank of Washington (NASDAQ: FSBW), announced the promotions of Sean McCormick and Robert Nesbitt to Executive Vice President positions. Sean McCormick will serve as Chief Credit Administration Officer, responsible for credit strategy, risk, and financial analysis. Robert Nesbitt will become Chief Credit Operations Officer, overseeing commercial credit operations. Combined, they bring over 40 years of experience, significantly contributing to the bank's growth and risk management. CEO Joe Adams noted their strategic leadership would drive future success in Washington and Oregon.
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