Core Viewpoint - FS Bancorp, Inc. (FSBW) has demonstrated a commitment to returning value to shareholders through consistent dividend increases and share repurchase programs, indicating a strong financial position and growth potential. Group 1: Dividend Information - FSBW has been paying quarterly cash dividends for 46 consecutive quarters, with a current payout ratio of 22% of its earnings, allowing for reinvestment and growth while providing returns to shareholders [1] - In January 2024, FSBW increased its quarterly dividend by 4% to 26 cents per share [2] - Recently, FSBW announced a dividend hike to 27 cents per share, reflecting a 3.8% increase from the previous payout, with payment scheduled for August 21, 2024 [8] Group 2: Share Repurchase Programs - FSBW authorized a share repurchase plan in April 2022 for $10 million worth of shares [3] - An additional share buyback program of up to $5 million was recently authorized, which will remain active through July 31, 2025 [10] - As of March 31, 2024, $3 million worth of shares remained available under the existing repurchase program [10] Group 3: Financial Health - FSBW's common equity CET 1 capital ratio is 12.47%, and the total risk-based capital ratio is 13.72%, both exceeding regulatory requirements [4] - As of March 31, 2024, FSBW reported total cash and cash equivalents of $45.4 million, total loans of $2.4 billion, and long-term borrowings of $129.9 million, indicating a solid liquidity position [11] - The company has experienced a 28% increase in share price over the past year [5] Group 4: Growth Metrics - FSBW has increased dividends 11 times in the last five years, with a five-year annualized growth rate of 30.24% [9] - The current dividend yield stands at 2.9% based on a closing price of $37.75 as of July 12 [9]
FS Bancorp (FSBW) Hikes Dividend, Announces $5M Buyback Plan