secwatch.observer — SEC 8-K summary
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Issuer:     FS Bancorp, Inc. (FSBW)
CIK:        0001530249
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001437749-25-001502
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1530249/000143774925001502/0001437749-25-001502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1530249/000143774925001502/fsbw20241110_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-001502

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