---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002074"
form_type: "8-K"
ticker: "FSBW"
cik: "0001530249"
company_name: "FS Bancorp, Inc."
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:14:49.161133+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FS Bancorp FY2023 net income $36.1M ($4.56 EPS); Q4 dividend raised 4% to $0.26

## Summary
- FY2023 net income $36.1M, $4.56 diluted EPS vs. $29.6M, $3.70 EPS in 2022.
- Q4 net income $9.8M, $1.23 diluted EPS vs. $7.6M, $0.97 EPS in Q4 2022.
- Quarterly dividend increased $0.01 to $0.26/share (+4%), payable Feb 22, 2024 to holders of record Feb 8.
- Nonperforming loans rose $5.3M to $11.0M, mainly from one $4.7M construction loan.
- Negotiating to sell MSRs on $1.30B of Fannie/Freddie loans; sale expected to close in Q1 2024.

## SEC filing metadata
- accession: 0001437749-24-002074
- form_type: 8-K
- ticker: FSBW
- cik: 0001530249
- company_name: FS Bancorp, Inc.
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530249/000143774924002074/0001437749-24-002074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530249/000143774924002074/fsbw20231031_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002074
- JSON: https://secwatch.observer/filing/0001437749-24-002074.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002074.txt

## Key facts
- Earnings Releases
  FS Bancorp, Inc. reported the quarter ended December 31, 2023 results: net income $9.8 million, EPS $1.23 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Net income: $9.8 million
  - EPS: $1.23 per diluted share
  - Result: reported results
  source text: Fourth quarter net income was $9.8 million, or $1.23 per diluted share, compared to $7.6 million, or $0.97 per diluted share, for the comparable quarter one year ago.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530249/000143774924002074/0001437749-24-002074-index.htm
- Earnings Releases
  FS Bancorp, Inc. reported 2023 results: net income $36.1 million, EPS $4.56 per diluted share.
  - Period: 2023
  - Net income: $36.1 million
  - EPS: $4.56 per diluted share
  - Result: reported results
  source text: today reported 2023 net income of $36.1 million, or $4.56 per diluted share, compared to $29.6 million, or $3.70 per diluted share for 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530249/000143774924002074/0001437749-24-002074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.