FS Bancorp (FSBW) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...

Exhibit 99.1 FS Bancorp, Inc. Reports Second Quarter Net Income of $9.0 Million or $1.13 Per Diluted Share and Previously Announced Share Repurchase Plan and 3.8% Increase in its Quarterly Dividend MOUNTLAKE TERRACE, WA – July 23, 2024 – FS Bancorp, Inc. (NASDAQ: FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2024 second quarter net income of $9.0 million, or $1.13 per diluted share, compared to $9.1 million, or $1.16 per dil ...

Mr. Mullet, a cum laude graduate of University of Washington, began his banking career in June 2000 as a financial examiner with the Washington State, Department of Financial Institutions, Division of Banks. In 2004, Matthew accepted a position at Golf Savings Bank in Mountlake Terrace. He served in a variety of capacities at Golf and was appointed Chief Financial Officer in 2007. After the Golf Savings Bank merger with Sterling Savings Bank, he held the position of Senior Vice President of the Home Loan Di ...

Notably, the company has been paying quarterly cash dividends for 46 quarters. Currently, FSBW's payout ratio is 22% of its earnings. This indicates that it retains adequate earnings for reinvestment and future growth initiatives while still delivering decent returns to its shareholders. Before the recent hike, in January 2024, FS Bancorp hiked its quarterly dividend by 4% to 26 cents per share. Before this, FSBW announced a repurchase plan in April 2022, authorizing the repurchase of $10 million worth of s ...

The repurchase program permits shares to be repurchased in open market or private transactions or pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission ("SEC"). About FS Bancorp Forward-Looking Statements In addition, the Company's Board of Directors authorized an additional repurchase of up to $5.0 million in shares of the Company's outstanding shares of common stock in the open market, in privately negotiated transactions or shares withheld upon the ex ...

MOUNTLAKE TERRACE, Wash., May 24, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW), the holding company for 1st Security Bank of Washington ("1st Security" or "Bank") announced today the promotions of Kelli Nielsen and Donn Costa to the positions of EVP, Chief Retail Banking Officer and EVP, Chief Home Lending Officer, respectively. 1st Security Bank Chief Executive Officer, Joe Adams, announced the promotions at an all-employee meeting on Friday, May 17th. During the announcement, Adams said, "Kelli ...

Core Viewpoint - FS Bancorp, Inc. has announced the promotions of Sean McCormick and Robert Nesbitt to key leadership positions within 1st Security Bank, enhancing the bank's credit strategy and operations [1][6]. Group 1: Leadership Changes - Sean McCormick has been promoted to Chief Credit Administration Officer, responsible for overseeing the bank's credit strategy, credit risk, and financial analysis of loan portfolios [2][6]. - Robert Nesbitt has been appointed as Chief Credit Operations Officer, focusing on commercial credit operations [4][6]. Group 2: Experience and Background - Sean McCormick has 11 years of experience at 1st Security Bank, previously serving as SVP Director of Credit Administration, and has played a significant role in the growth of the bank's loan portfolios [3][6]. - Robert Nesbitt brings 25 years of experience in commercial banking, having joined 1st Security in 2017 as VP Commercial Lending Relationship Manager [4][6]. Group 3: Strategic Importance - The combined experience of McCormick and Nesbitt exceeds 40 years, positioning them as strategic leaders to enhance customer service and drive future growth in Washington and Oregon [6].

MOUNTLAKE TERRACE, Wash., May 20, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ: FSBW), the holding company for 1st Security Bank of Washington ("1st Security" or "Bank") announced today the promotions of Sean McCormick and Robert Nesbitt to the positions of Chief Credit Administration Officer and Chief Credit Operations Officer of the Bank, respectively. Sean McCormick will assume the role of Chief Credit Administration Officer and will have primary responsibility for overseeing the Bank's credit strat ...

Table of Contents For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35589 FS BANCORP, INC. Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Former name, former address and former fiscal year, if changed since last report) Sec ...

For the quarter ended March 2024, FS Bancorp (FSBW) reported revenue of $35.46 million, down 1.2% over the same period last year. EPS came in at $1.06, compared to $1.22 in the year-ago quarter.The reported revenue represents a surprise of +4.13% over the Zacks Consensus Estimate of $34.05 million. With the consensus EPS estimate being $0.98, the EPS surprise was +8.16%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...