---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006868"
form_type: "8-K"
ticker: "FSBW"
cik: "0001530249"
company_name: "FS Bancorp, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:44:49.629956+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FS Bancorp Q1 net income $8.2M ($1.04 EPS), up 19% YoY; board declares $0.25 dividend

## Summary
- Net income $8.2M ($1.04 diluted EPS) vs $6.9M ($0.83) a year ago; adjusted net income ~$9.6M.
- Completed purchase of 7 branches from Columbia State Bank with $382.1M in deposits.
- Branch acquisition added ~$336M net cash; acquisition-related costs $1.5M and CDI amortization $286k.
- Board declared 41st consecutive quarterly cash dividend of $0.25/share, payable May 25, 2023.

## SEC filing metadata
- accession: 0001558370-23-006868
- form_type: 8-K
- ticker: FSBW
- cik: 0001530249
- company_name: FS Bancorp, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1530249/000155837023006868/0001558370-23-006868-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1530249/000155837023006868/fsbw-20230426x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006868
- JSON: https://secwatch.observer/filing/0001558370-23-006868.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006868.txt

## Key facts
- Earnings Releases
  FS Bancorp, Inc. reported quarter ended March 31, 2023 results: net income $8.2 million, EPS $1.04.
  - Period: quarter ended March 31, 2023
  - Net income: $8.2 million
  - EPS: $1.04
  - Result: reported results
  source text: FS Bancorp, Inc. Reports Net Income for the First Quarter of $8.2 Million or $1.04 Per Diluted Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1530249/000155837023006868/0001558370-23-006868-index.htm

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