---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-001502"
form_type: "8-K"
ticker: "FSBW"
cik: "0001530249"
company_name: "FS Bancorp, Inc."
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:07:49.791842+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FS Bancorp Q4 net income $7.4M ($0.92 EPS); quarterly dividend raised to $0.28/share

## Summary
- Q4 net income $7.4M ($0.92 diluted EPS) vs $9.8M ($1.23) a year ago; full year 2024 net income $35.0M ($4.36) vs $36.1M ($4.56) in 2023.
- Quarterly dividend increased 3.7% to $0.28/share from $0.27; payable Feb 20, 2025 to holders of record Feb 6, 2025.
- Net interest margin 4.31% vs 4.35% prior quarter; tangible book value per share $36.02, up 13.8% YoY.
- Loans grew 1.6% sequentially to $2.50B; deposits declined 3.6% to $2.34B, driven by a $107.9M drop in brokered deposits.
- Borrowings rose 87.9% to $307.8M; repurchased 35,000 shares at avg $48.47 in Q4, $4.7M remaining under plan.

## SEC filing metadata
- accession: 0001437749-25-001502
- form_type: 8-K
- ticker: FSBW
- cik: 0001530249
- company_name: FS Bancorp, Inc.
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530249/000143774925001502/0001437749-25-001502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530249/000143774925001502/fsbw20241110_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-001502
- JSON: https://secwatch.observer/filing/0001437749-25-001502.json
- Plain text: https://secwatch.observer/filing/0001437749-25-001502.txt

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