secwatch.observer — SEC 8-K summary
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Issuer:     FS Bancorp, Inc. (FSBW)
CIK:        0001530249
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001437749-24-023290
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FS Bancorp Q2 net income $9.0M ($1.13 EPS); raises dividend 3.8% to $0.27/share
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- Net income $9.0M vs $9.1M a year ago; diluted EPS $1.13 vs $1.16; NIM 4.29% vs 4.66%.
- Loans receivable net $2.46B, up 4.9% YoY; deposits $2.38B, down $82.5M from Q1 on brokered reduction.
- Quarterly dividend increased $0.01 to $0.27/share, payable Aug 21 to holders of record Aug 7.
- Board authorized new $5.0M share repurchase plan; 73,000 shares repurchased at avg $32.84 in Q2.
- Book value per share $37.15 (tangible $34.66); Matthew D. Mullet promoted to Bank President.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530249/000143774924023290/0001437749-24-023290-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530249/000143774924023290/fsbw20240522_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023290

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer