---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-012700"
form_type: "8-K"
ticker: "FSBW"
cik: "0001530249"
company_name: "FS Bancorp, Inc."
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:14:39.136512+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FS Bancorp Q1 net income $8.0M ($1.01 EPS); deposits up 11.8%; declares $0.28 dividend

## Summary
- Net income $8.0M ($1.01 diluted EPS) vs $8.4M ($1.06) a year ago; up from $7.4M prior quarter.
- Deposits rose $275.7M (11.8%) to $2.62B, driven by $226.9M brokered deposits; borrowings down 77.6%.
- Board authorized $5.0M share repurchase program; repurchased 98,317 shares at avg $39.06 in Q1.
- Declared $0.28 quarterly dividend (49th consecutive), payable May 22, 2025; record May 8.
- Consumer loans (home improvement) decreased $11.3M to $608.9M; 79.9% of originations had FICO >720.

## SEC filing metadata
- accession: 0001437749-25-012700
- form_type: 8-K
- ticker: FSBW
- cik: 0001530249
- company_name: FS Bancorp, Inc.
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530249/000143774925012700/0001437749-25-012700-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530249/000143774925012700/fsbw20250319_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-012700
- JSON: https://secwatch.observer/filing/0001437749-25-012700.json
- Plain text: https://secwatch.observer/filing/0001437749-25-012700.txt

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