secwatch.observer — SEC 8-K summary
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Issuer:     FS Bancorp, Inc. (FSBW)
CIK:        0001530249
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001437749-24-002074
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530249/000143774924002074/0001437749-24-002074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530249/000143774924002074/fsbw20231031_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002074

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