---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-031435"
form_type: "8-K"
ticker: "FSBW"
cik: "0001530249"
company_name: "FS Bancorp, Inc."
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:44:33.468629+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FS Bancorp Q3 net income falls to $9.2M ($1.18/sh) from $10.3M YoY; deposits up 5.2% QoQ

## Summary
- Net income $9.2M ($1.18 diluted EPS) vs $10.3M ($1.29) in Q3'24; nine-month net income $24.9M ($3.18) from $27.6M ($3.45).
- Total deposits rose 5.2% QoQ to $2.69B, driven by brokered CDs; borrowings reduced 44.8% to $129.3M.
- Loans receivable net $2.60B, up 0.7% QoQ; consumer loans declined 0.91% QoQ to $600.8M.
- Repurchased 134,413 shares at avg $41.15; book value per share increased to $40.43.
- Board declared 51st consecutive quarterly dividend of $0.28/sh, payable Nov 20, record Nov 6.

## SEC filing metadata
- accession: 0001437749-25-031435
- form_type: 8-K
- ticker: FSBW
- cik: 0001530249
- company_name: FS Bancorp, Inc.
- filed_at: 2025-10-22T23:59:59+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/1530249/000143774925031435/0001437749-25-031435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530249/000143774925031435/fsbw20250812_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-031435
- JSON: https://secwatch.observer/filing/0001437749-25-031435.json
- Plain text: https://secwatch.observer/filing/0001437749-25-031435.txt

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