---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000536"
form_type: "8-K"
ticker: "FSBW"
cik: "0001530249"
company_name: "FS Bancorp, Inc."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:27:44.222427+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 $7.6M, $0.97/share; FY2022 net income $29.6M, $3.70/share; dividend increased 25% to $0.25

## Summary
- Q4 2022 net income $7.6M ($0.97 diluted EPS) vs $8.6M ($1.03) in Q4 2021.
- FY2022 net income $29.6M ($3.70 diluted EPS) vs $37.4M ($4.37) in FY2021.
- Dividend increased 25% to $0.25 per share; fortieth consecutive quarterly dividend.
- Net interest margin improved to 4.62% in Q4 2022 from 4.20% in Q4 2021.
- Loans receivable, net grew $106.9M (5.1%) linked quarter to $2.19B at Dec 31, 2022.

## SEC filing metadata
- accession: 0001558370-23-000536
- form_type: 8-K
- ticker: FSBW
- cik: 0001530249
- company_name: FS Bancorp, Inc.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530249/000155837023000536/0001558370-23-000536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530249/000155837023000536/fsbw-20230125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000536
- JSON: https://secwatch.observer/filing/0001558370-23-000536.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000536.txt

## Key facts
- Earnings Releases
  FS Bancorp, Inc. reported the quarter ended December 31, 2022 results: net income net income of $7.6 million, EPS $0.97 per diluted share.
  - Period: the quarter ended December 31, 2022
  - Net income: net income of $7.6 million
  - EPS: $0.97 per diluted share
  - Result: reported results
  source text: On January 25, 2023, FS Bancorp, Inc., the parent corporation of 1st Security Bank of Washington, issued its earnings release for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530249/000155837023000536/0001558370-23-000536-index.htm
- Earnings Releases
  FS Bancorp, Inc. reported 2022 results: net income net income of $29.6 million, EPS $3.70 per diluted share.
  - Period: 2022
  - Net income: net income of $29.6 million
  - EPS: $3.70 per diluted share
  - Result: reported results
  source text: FS Bancorp, Inc. Reports $29.6 Million of Net Income or $3.70 Per Diluted Share for 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530249/000155837023000536/0001558370-23-000536-index.htm

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