Every 8-K that Fs Bancorp Inc (FSBW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FSBW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSBW filings page.
FS Bancorp, Inc. (FSBW), the holding company for 1st Security Bank of Washington, announced that its Board of Directors authorized a share repurchase program of up to $5.0 million of its outstanding common stock. Repurchases may be made in the open market or through privately negotiated transactions.
The program will run for up to 12 months until August 24, 2027 and will begin no sooner than the second trading day after the public announcement. Repurchases will be executed at management’s discretion, subject to stock availability, market conditions, alternative uses of capital, and the Company’s financial performance, and may be suspended, terminated, or modified at any time. The authorization does not obligate the Company to repurchase a specific number of shares.
FS Bancorp, Inc. (FSBW) completed its previously announced acquisition of Pacific West Bancorp effective August 19, 2026. Under the Agreement and Plan of Merger, Pacific West Bancorp was merged with FS Bancorp, and Pacific West Bank was merged into 1st Security Bank of Washington, which remains the surviving bank.
The aggregate consideration for the transaction was 430,176 shares of FS Bancorp common stock and $16,832,742 in cash. Pacific West shareholders could elect stock or cash, subject to proration under the merger agreement. FS Bancorp states that the deal expands its presence in Oregon while maintaining its relationship-banking focus and longstanding community-banking values.
FS Bancorp is a Washington corporation and the holding company for 1st Security Bank of Washington, which offers loan and deposit services primarily to small- and middle-market businesses and individuals in Washington and Oregon. The bank operates through 28 branches, a headquarters office, and loan production offices in multiple markets across Washington and the greater Portland, Oregon area.
FS Bancorp, Inc. reported that its President and Chief Executive Officer Matthew D. Mullet, Executive Vice President and Chief Risk Officer and CRA Officer Erin Burr, and Executive Vice President and Chief Lending Officer Benjamin G. Crowl will participate virtually in the D.A. Davidson Western Bank Summit on August 11–12, 2026. Investor presentation materials provided in connection with this Summit are included as Exhibit 99.1.
FS Bancorp, Inc. reported second quarter 2026 net income of $7.9 million, or $1.04 per diluted share, slightly higher than both the prior quarter and the same period in 2025. For the first six months of 2026, net income was $15.8 million, or $2.07 per diluted share.
Net interest income for the quarter was $32.6 million, with an annualized net interest margin of 4.30%, unchanged from a year earlier. Provision for credit losses rose to $2.6 million in the quarter and $5.2 million year-to-date, driven by higher net charge-offs, including an additional charge-off on a commercial construction relationship and elevated losses in indirect home improvement loans. Nonperforming loans declined to $15.6 million, or 0.59% of total gross loans, supported by the charge-off and a CRE payoff, while the allowance covered about 199% of nonperforming loans. Total assets were $3.18 billion, deposits $2.45 billion, and book value per share $43.57. The Board declared a regular quarterly cash dividend of $0.29 per share, payable August 21, 2026, marking the 54th consecutive quarterly dividend. The company also continues to work toward closing its proposed merger with Pacific West Bank.
FS Bancorp, Inc. has completed a planned leadership transition by naming Matthew D. Mullet as Chief Executive Officer of the Company, effective June 1, 2026. This move follows a CEO succession plan first announced on August 15, 2025.
Mullet already serves as President and CEO of 1st Security Bank of Washington and as President of FS Bancorp; he will continue in those roles along with his new CEO position. He previously served as the Bank’s Chief Financial Officer since 2011.
Former CEO Joe Adams retired from the CEO role on May 31, 2026 and will remain on the boards of both the Company and the Bank. The filing also reiterates the Bank’s focus on serving small- and middle-market customers across Washington and Oregon through a network of branches and loan production offices.
FS Bancorp, Inc. reported results of its annual shareholder meeting. Shareholders elected Terri L. Degner with 4,744,149 votes for (84.29% of shares present) and Michael J. Mansfield with 4,403,524 votes for (78.23% of shares present) to three-year board terms expiring in 2029. An advisory vote approved executive compensation, with 5,144,997 votes for versus 304,385 against and 179,274 abstentions. Shareholders also approved the FS Bancorp, Inc. 2026 Equity Incentive Plan, with 5,461,736 votes for and 103,062 against. Baker Tilly US, LLP was ratified as independent registered public accounting firm for the year ending December 31, 2026, receiving 6,459,742 votes for and 60,717 against.
FS Bancorp, Inc. filed a current report noting that senior executives, including President Matthew D. Mullet, Executive Vice President and Chief Human Resources Officer/WOW! Officer Vickie A. Jarman, and Executive Vice President and Chief Information Officer Shana C. Allen, will attend the D.A. Davidson 28th Annual Financial Institutions Conference in Nashville, Tennessee, from May 4-6, 2026. The company is providing investor materials for use at the conference, which are attached as Exhibit 99.1.
FS Bancorp, Inc. reported first quarter 2026 net income of $7.8 million, or $1.02 per diluted share, compared with $8.0 million, or $1.01 per diluted share, a year earlier. Pre-tax income rose to $9.9 million, up 4.6% from the first quarter of 2025, as net interest income increased to $32.5 million.
Credit costs were higher, with a $2.6 million loan loss provision versus $1.5 million a year ago, reflecting more charge-offs in indirect home improvement and consumer loans. Total assets reached $3.20 billion and book value per share climbed to a record $42.42. The Board declared a regular quarterly cash dividend of $0.29 per share, payable May 21, 2026, and the Company highlighted its announced merger with Pacific West Bancorp and planned expansion into the Portland, Oregon market. Capital ratios remained strong, with the Bank classified as “well capitalized.”
FS Bancorp, Inc. is acquiring Pacific West Bancorp in a stock-and-cash merger valued at about $34.6 million. Pacific West shareholders will receive a mix of 430,176 FS Bancorp shares and $16,832,742 in cash, equal to roughly $12.52 per Pacific West share based on FS Bancorp’s February 25, 2026 share price of $41.26.
After closing, Pacific West investors are expected to own about 5.4% of FS Bancorp’s outstanding common stock. On a pro forma basis as of December 31, 2025, the combined bank would have about $3.6 billion in assets, $3.0 billion in loans, $3.0 billion in deposits, and 31 branches across the Pacific Northwest.
The deal is projected to be immediately accretive to FS Bancorp’s earnings per share, with estimated 2027 EPS accretion of 7.4%, and to reduce tangible book value by 2.2% at closing, with a projected earnback period of about 2.4 years. Boards of both companies unanimously approved the transaction, which is expected to close in the third quarter of 2026, subject to bank regulatory approvals and approval by Pacific West shareholders.
FS Bancorp, Inc. filed a current report to share that senior leadership will participate in the Janney 2026 CEO Forum in Scottsdale, Arizona on February 4–5, 2026. President Matthew D. Mullet, Chief Financial Officer Phil Whittington, and Director of Finance Susan Dumontet will attend and use prepared investor materials.
The company has attached these investor presentation materials as Exhibit 99.1 so all investors can see the same information being shared at the conference, supporting broad and equal access to the company’s disclosures.
FS Bancorp, Inc. filed an amended current report to correct the record date for its previously declared regular quarterly cash dividend on common stock. The dividend remains payable on February 19, 2026, but the shareholders of record date is changed from February 5, 2026 to February 6, 2026. No other terms of the dividend or prior disclosure were revised.
FS Bancorp, Inc. reported that it issued an earnings press release covering its results for the quarter ended December 31, 2025, with the full release furnished as an exhibit. At the same time, the company announced that its Board of Directors increased the regular quarterly cash dividend on its common stock from $0.28 per share to $0.29 per share. The dividend is payable on February 19, 2026 to stockholders of record at the close of business on February 5, 2026, signaling a modest uptick in cash returned to shareholders.
FS Bancorp, Inc. (FSBW) announced that its Board authorized an additional share repurchase program of up to $5.0 million of the Company’s common stock. The program will begin no sooner than the third trading day after the public announcement.
The company, holding company for 1st Security Bank of Washington, disclosed the authorization under “Other Events” and attached a press release as Exhibit 99.1.
FS Bancorp, Inc. (FSBW) furnished its earnings release for the quarter ended September 30, 2025, providing an update on recent operating results. The release was made available as Exhibit 99.1.
The company also announced a regular quarterly cash dividend of $0.28 per share, payable on November 20, 2025, to shareholders of record as of the close of business on November 6, 2025. This reflects the Board’s decision to continue returning cash to shareholders on a scheduled basis.
FS Bancorp, Inc. filed a Current Report on Form 8-K reporting the distribution of Investor Materials as an exhibit. The filing identifies the registrant as FS Bancorp, Inc. (FSBW) and lists its headquarters in Mountlake Terrace, Washington with a phone number. The only disclosed exhibit is Exhibit 99.1: FS Bancorp, Inc. Investor Materials dated September 3, 2025. The filing does not include financial statements, transaction details, executive changes, earnings data, or other substantive financial metrics.
FS Bancorp, Inc., the holding company for 1st Security Bank of Washington, is implementing a planned leadership transition at its bank subsidiary. The company has named Matthew D. Mullet as President and Chief Executive Officer of 1st Security Bank effective September 1, 2025.
Mullet has been President of both the bank and the company since July 2024 and previously served as Chief Financial Officer of both entities since September 2011, providing long-term continuity. Joseph C. Adams, Chief Executive Officer of the bank since 2004, will retire from that bank role on September 1, 2025 but will remain Chief Executive Officer of FS Bancorp, Inc. until May 2026.
The company states there are no family relationships between Mullet and any director or other executive officer, and that he has not taken part in any related party transactions with the company or the bank that would require disclosure under Securities and Exchange Commission rules.
FS Bancorp, Inc. (NASDAQ: FSBW) disclosed on July 9, 2025, via Form 8-K that its Board of Directors has authorized a new share-repurchase program of up to $5.0 million.
The authorization becomes effective no sooner than the third trading day following this public announcement and is in addition to approximately $0.4 million still available under the company’s prior plan announced on April 4, 2025. Repurchases may be executed in open-market or privately negotiated transactions, subject to market conditions and regulatory considerations.
Key take-aways:
- The new authorization represents an incremental return of capital and signals management’s confidence in FSBW’s valuation.
- Total remaining capacity across both programs is roughly $5.4 million.
- No changes to earnings guidance or major strategic initiatives were disclosed in this filing.
Investors should monitor execution pace, average repurchase price, and potential impacts on capital ratios—particularly important for regional banks operating in a higher-rate environment.