FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington that provides banking and financial services to local families, local and regional businesses, and industry niches. The company operates in two segments, Commercial and Consumer Banking; and Home Lending. It offers various deposit instruments, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. The company provides one-to-four-family residential first mortgages, second mortgage/home equity loan products, non-mortgage commercial business loans, commercial real estate loans, and construction and development loans, as well as consumer loans, which primarily include personal lines of credit, credit cards, automobile, direct home improvement, loans on deposit, and recreational loans. As of February 10, 2021, it operated 21 full bank service branches and nine home loan production offices in suburban communities in the greater Puget Sound area, including Snohomish, King, Pierce, Jefferson, Kitsap, Clallam, Grays Harbor, Thurston, and Lewis counties; and one loan production office in the market area of the Tri-Cities. The company was founded in 1936 and is based in Mountlake Terrace, Washington.
IPO Year: 2012
Exchange: NASDAQ
Website: fsbwa.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/7/2022 | Outperform → Mkt Perform | Raymond James |
4 - FS Bancorp, Inc. (0001530249) (Issuer)
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4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
4 - FS Bancorp, Inc. (0001530249) (Issuer)
Raymond James downgraded FS Bancorp from Outperform to Mkt Perform
Raymond James reiterated coverage of FS Bancorp with a rating of Outperform and set a new price target of $77.00 from $72.00 previously
Raymond James reiterated coverage of FS Bancorp with a rating of Outperform and set a new price target of $72.00 from $70.00 previously
Raymond James reiterated coverage of FS Bancorp with a rating of Outperform and set a new price target of $70.00 from $58.00 previously
Raymond James reiterated coverage of FS Bancorp with a rating of Outperform and set a new price target of $70.00 from $58.00 previously
Raymond James reiterated coverage of FS Bancorp with a rating of Outperform and set a new price target of $0.00 from $58.00 previously
Raymond James reiterated coverage of FS Bancorp with a rating of Outperform and set a new price target of $58.00 from $53.00 previously
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MOUNTLAKE TERRACE, Wash., Oct. 01, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank"), today announced that Terri L. Degner has been appointed to the Board of Directors of the Company. The Company's Nominating & ESG Committee proposed, and the Board of Directors ratified and approved, the appointment of Ms. Degner to the Board of Directors. Her appointment to the Board of Directors was effective September 30, 2024. "We are pleased to welcome Terri to our Board of Directors," said Joe Adams, Chief Executive Officer. "Her extensive banking background coupled with her in depth knowledge of the Bank an
MOUNTLAKE TERRACE, Wash., July 19, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (the "Company") (NASDAQ:FSBW), the holding company for 1st Security Bank of Washington ("1st Security Bank" or "Bank") announced today that it has named Matthew D. Mullet as President of both the Bank and the Company. Mr. Mullet has held the title of Chief Financial Officer at both the Bank and the Company since September 2011 and will also continue in his position as Chief Financial Officer. Joseph C. Adams will remain as Chief Executive Officer for both the Company and the Bank. Mr. Adams stated, "We are pleased to announce Matt's well-deserved promotion. He has been an integral part of our team and has a prove
MOUNTLAKE TERRACE, Wash., Dec. 18, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank') is pleased to announce the appointment of Dan Icasiano to the position of SVP, Director of Treasury Management, effective November 27th. Dan Icasiano's history of more than thirty years in the banking industry and treasury management services provides a wealth of expertise to 1st Security Bank. CEO, Joe Adams commented, "Dan believes in providing customized deposit solutions for our business customers. Given his expansive knowledge and experience with product development and operational efficiencies, Dan is well-positioned to help guide the Bank in our continued growth." Dan was instrumental in l
MOUNTLAKE TERRACE, Wash., Feb. 01, 2021 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”), today announced that Pamela M. Andrews has been appointed to the Board of Directors of the Company and the Bank. The Company’s Nominating & ESG Committee proposed, and the Board of Directors ratified and approved, the appointment of Ms. Andrews to the Board of Directors. Her appointment to the Board of Directors was effective January 28, 2021. “We are pleased to welcome Pam to our Board of Directors,” said Joe Adams, Chief Executive Officer. “Her expansive business background coupled with her knowledge of legal,
MOUNTLAKE TERRACE, Wash., Nov. 15, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) ("Company"), the holding company for 1st Security Bank of Washington ("Bank") announced that the Company has completed the $5.0 million repurchase program announced on July 11, 2024. The Company also announced that its Board of Directors has authorized an additional repurchase of up to $5.0 million in shares of the Company's outstanding shares of common stock in the open market, in privately negotiated transactions or shares withheld upon the exercise of equity awards from time to time over a 12-month period until October 31, 2025, at such prices as may be determined by the Company's management. The
MOUNTLAKE TERRACE, Wash., Oct. 22, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank") today reported 2024 third quarter net income of $10.3 million, or $1.29 per diluted share, compared to $9.0 million, or $1.13 per diluted share, for the comparable quarter one year ago. For the nine months ended September 30, 2024, net income was $27.6 million, or $3.45 per diluted share, compared to net income of $26.3 million, or $3.33 per diluted share, for the comparable nine-month period in 2023. "Deposit growth experienced in the third quarter of 2024 was a direct result of the Bank-wide focus and strateg
MOUNTLAKE TERRACE, Wash., Oct. 01, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank"), today announced that Terri L. Degner has been appointed to the Board of Directors of the Company. The Company's Nominating & ESG Committee proposed, and the Board of Directors ratified and approved, the appointment of Ms. Degner to the Board of Directors. Her appointment to the Board of Directors was effective September 30, 2024. "We are pleased to welcome Terri to our Board of Directors," said Joe Adams, Chief Executive Officer. "Her extensive banking background coupled with her in depth knowledge of the Bank an
MOUNTLAKE TERRACE, Wash., July 23, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2024 second quarter net income of $9.0 million, or $1.13 per diluted share, compared to $9.1 million, or $1.16 per diluted share, for the comparable quarter one year ago. For the six months ended June 30, 2024, net income was $17.4 million, or $2.20 per diluted share, compared to net income of $17.3 million, or $2.19 per diluted share, for the comparable six-month period in 2023. "I am pleased with our financial results for the second quarter, and I am excited about Matthew D.
MOUNTLAKE TERRACE, Wash., July 19, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (the "Company") (NASDAQ:FSBW), the holding company for 1st Security Bank of Washington ("1st Security Bank" or "Bank") announced today that it has named Matthew D. Mullet as President of both the Bank and the Company. Mr. Mullet has held the title of Chief Financial Officer at both the Bank and the Company since September 2011 and will also continue in his position as Chief Financial Officer. Joseph C. Adams will remain as Chief Executive Officer for both the Company and the Bank. Mr. Adams stated, "We are pleased to announce Matt's well-deserved promotion. He has been an integral part of our team and has a prove
MOUNTLAKE TERRACE, Wash., July 11, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) ("Company"), the holding company for 1st Security Bank of Washington ("Bank") announced that the Company's Board of Directors authorized an increase in the quarterly cash dividend to $0.27 per quarter from $0.26 per quarter, a 3.8% increase. Joe Adams, the CEO of the Company stated, "We are pleased that the Board approved our forty-sixth consecutive quarterly cash dividend. The cash dividend will be paid on August 21, 2024 to shareholders of record as of August 7, 2024." In addition, the Company's Board of Directors authorized an additional repurchase of up to $5.0 million in shares of the Company's
MOUNTLAKE TERRACE, Wash., May 20, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW), the holding company for 1st Security Bank of Washington ("1st Security" or "Bank") announced today the promotions of Sean McCormick and Robert Nesbitt to the positions of Chief Credit Administration Officer and Chief Credit Operations Officer of the Bank, respectively. Sean McCormick will assume the role of Chief Credit Administration Officer and will have primary responsibility for overseeing the Bank's credit strategy, credit risk, and financial analysis of the Bank's loan portfolios. Sean brings a tremendous amount of institutional knowledge to this role, having spent 11 years working directly
MOUNTLAKE TERRACE, Wash., April 24, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2024 first quarter net income of $8.4 million, or $1.06 per diluted share, compared to $8.2 million, or $1.04 per diluted share, for the comparable quarter one year ago. "We are proud to report a $1.83 increase in our tangible book value per share, a stabilization of our net interest margin, and our continued focus on growing our award-winning culture during the first quarter," stated Joe Adams, CEO. "We are also pleased that our Board of Directors approved our forty-fift
MOUNTLAKE TERRACE, Wash., Jan. 24, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank"), today reported 2023 net income of $36.1 million, or $4.56 per diluted share, compared to $29.6 million, or $3.70 per diluted share for 2022. Fourth quarter net income was $9.8 million, or $1.23 per diluted share, compared to $7.6 million, or $0.97 per diluted share, for the comparable quarter one year ago. "Utilizing the Bank's highly diversified balance sheet, our team achieved our goal of producing strong financial results in varying rate and economic environments," stated Joe Adams, CEO. "We are also pleased
MOUNTLAKE TERRACE, Wash., Dec. 18, 2023 (GLOBE NEWSWIRE) -- 1st Security Bank (‘the Bank') is pleased to announce the appointment of Dan Icasiano to the position of SVP, Director of Treasury Management, effective November 27th. Dan Icasiano's history of more than thirty years in the banking industry and treasury management services provides a wealth of expertise to 1st Security Bank. CEO, Joe Adams commented, "Dan believes in providing customized deposit solutions for our business customers. Given his expansive knowledge and experience with product development and operational efficiencies, Dan is well-positioned to help guide the Bank in our continued growth." Dan was instrumental in l
8-K - FS Bancorp, Inc. (0001530249) (Filer)
10-Q - FS Bancorp, Inc. (0001530249) (Filer)
8-K - FS Bancorp, Inc. (0001530249) (Filer)
8-K - FS Bancorp, Inc. (0001530249) (Filer)
8-K - FS Bancorp, Inc. (0001530249) (Filer)
10-Q - FS Bancorp, Inc. (0001530249) (Filer)
8-K - FS Bancorp, Inc. (0001530249) (Filer)
8-K - FS Bancorp, Inc. (0001530249) (Filer)
8-K - FS Bancorp, Inc. (0001530249) (Filer)
8-K - FS Bancorp, Inc. (0001530249) (Filer)
MOUNTLAKE TERRACE, Wash., Oct. 22, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank") today reported 2024 third quarter net income of $10.3 million, or $1.29 per diluted share, compared to $9.0 million, or $1.13 per diluted share, for the comparable quarter one year ago. For the nine months ended September 30, 2024, net income was $27.6 million, or $3.45 per diluted share, compared to net income of $26.3 million, or $3.33 per diluted share, for the comparable nine-month period in 2023. "Deposit growth experienced in the third quarter of 2024 was a direct result of the Bank-wide focus and strateg
MOUNTLAKE TERRACE, Wash., July 23, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2024 second quarter net income of $9.0 million, or $1.13 per diluted share, compared to $9.1 million, or $1.16 per diluted share, for the comparable quarter one year ago. For the six months ended June 30, 2024, net income was $17.4 million, or $2.20 per diluted share, compared to net income of $17.3 million, or $2.19 per diluted share, for the comparable six-month period in 2023. "I am pleased with our financial results for the second quarter, and I am excited about Matthew D.
MOUNTLAKE TERRACE, Wash., July 11, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) ("Company"), the holding company for 1st Security Bank of Washington ("Bank") announced that the Company's Board of Directors authorized an increase in the quarterly cash dividend to $0.27 per quarter from $0.26 per quarter, a 3.8% increase. Joe Adams, the CEO of the Company stated, "We are pleased that the Board approved our forty-sixth consecutive quarterly cash dividend. The cash dividend will be paid on August 21, 2024 to shareholders of record as of August 7, 2024." In addition, the Company's Board of Directors authorized an additional repurchase of up to $5.0 million in shares of the Company's
MOUNTLAKE TERRACE, Wash., April 24, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2024 first quarter net income of $8.4 million, or $1.06 per diluted share, compared to $8.2 million, or $1.04 per diluted share, for the comparable quarter one year ago. "We are proud to report a $1.83 increase in our tangible book value per share, a stabilization of our net interest margin, and our continued focus on growing our award-winning culture during the first quarter," stated Joe Adams, CEO. "We are also pleased that our Board of Directors approved our forty-fift
MOUNTLAKE TERRACE, Wash., Jan. 24, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank"), today reported 2023 net income of $36.1 million, or $4.56 per diluted share, compared to $29.6 million, or $3.70 per diluted share for 2022. Fourth quarter net income was $9.8 million, or $1.23 per diluted share, compared to $7.6 million, or $0.97 per diluted share, for the comparable quarter one year ago. "Utilizing the Bank's highly diversified balance sheet, our team achieved our goal of producing strong financial results in varying rate and economic environments," stated Joe Adams, CEO. "We are also pleased
MOUNTLAKE TERRACE, Wash., Oct. 25, 2023 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2023 third quarter net income of $9.0 million, or $1.13 per diluted share, compared to $8.5 million, or $1.08 per diluted share, for the comparable quarter one year ago. For the nine months ended September 30, 2023, net income was $26.3 million, or $3.33 per diluted share, compared to net income of $22.0 million, or $2.73 per diluted share, for the comparable nine-month period in 2022. "We were honored to be recently named the ‘Number One Best Place to Work' in the extra-large
MOUNTLAKE TERRACE, Wash., April 26, 2023 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2023 first quarter net income of $8.2 million, or $1.04 per diluted share, compared to $6.9 million, or $0.83 per diluted share, for the comparable quarter one year ago. On February 24, 2023, the Bank completed the purchase of seven retail branches from Columbia State Bank (the "Branch Acquisition"), with two branches in Washington state and five in Oregon and $382.1 million in deposits at March 31, 2023. "We were pleased to complete the Branch Acquisition that resulted in app
MOUNTLAKE TERRACE, Wash., Jan. 25, 2023 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank") today reported 2022 net income of $29.6 million, or $3.70 per diluted share, compared to $37.4 million, or $4.37 per diluted share for 2021. Fourth quarter net income was $7.6 million, or $0.97 per diluted share, compared to $8.6 million, or $1.03 per diluted share, for the comparable quarter one year ago. "Our teams remain focused on completing the announced branch acquisitions which is scheduled to close during the first quarter of 2023, subject to customary closing conditions. The new deposits associated wit
MOUNTLAKE TERRACE, Wash., Oct. 26, 2022 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank") today reported 2022 third quarter net income of $8.5 million, or $1.08 per diluted share, compared to $8.3 million, or $0.98 per diluted share for the same quarter last year. For the nine months ended September 30, 2022, net income was $22.0 million, or $2.73 per diluted share, compared to net income of $28.8 million, or $3.31 per diluted share, for the comparable nine-month period in 2021. "Continued loan growth in the third quarter was a result of disciplined credit culture and a focus on hiring employe
MOUNTLAKE TERRACE, Wash., July 28, 2022 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ:FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank") today reported 2022 second quarter net income of $6.7 million, or $0.83 per diluted share, compared to $8.5 million, or $0.98 per diluted share for the same quarter last year. For the six months ended June 30, 2022, net income was $13.6 million, or $1.66 per diluted share, compared to net income of $25.8 million, or $2.35 per diluted share, for the comparable six-month period in 2021. "We continue to experience success in our Commercial and Consumer Banking segment which has resulted in strong growth and credit per
"I am pleased with our financial results for the second quarter, and I am excited about Matthew D. Mullet's recent well-deserved promotion to Bank President," stated Joe Adams, CEO. "Matthew will make a great president and we are both thankful to our Board of Directors for increasing our forty-sixth consecutive quarterly cash dividend by $0.01 to $0.27 per common share and expanding our share repurchase plan, demonstrating our continued commitment to enhancing shareholder value. The cash dividend will be paid on August 21, 2024, to shareholders of record as of August 7, 2024," concluded Adams.The Company repurchased 73,000 shares of its common stock in the second quarter of 2024 at an aver
FS Bancorp (NASDAQ:FSBW) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.02 by 10.78 percent. This is a 9.6 percent decrease over earnings of $1.25 per share from the same period last year.
Tuesday marks the last chance for investors to receive the next dividend payout from FS Bancorp (NASDAQ:FSBW). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 26 cents per share. On Wednesday, FS Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 26 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own FSBW as of the end of Tuesday's session are eligible to receive the 26 cents dividend pa
FS Bancorp (NASDAQ:FSBW) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $1.02 by 20.59 percent.
FS Bancorp (NASDAQ:FSBW) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.12 by 0.89 percent. This is a 4.63 percent increase over earnings of $1.08 per share from the same period last year.
What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. Benzinga Insights has compiled a list of value stocks in the financial services sector that may be worth watching: FS Bancorp (NASDAQ:FSBW) - P/E: 7.04 Trustco Bank (NASDAQ:TRST) - P/E: 6.94 First Northwest Bancorp (NASDAQ:FNWB) - P/E: 7.42 Enterprise Bancorp (NASDAQ:EBTC) - P/E: 7.44 Codorus Valley Bancorp (NASDAQ:CVLY) - P/E: 6.27 Most recently, FS Bancorp reported earnings per share at $1.25, whereas i
FS Bancorp, Inc. (NASDAQ:FSBW) ("Company"), the holding company for 1st Security Bank of Washington ("Bank") announced that the Company's Board of Directors authorized the implementation of a stock repurchase program and authorized the Company to repurchase up to $5.0 million in shares or 2.5% of its outstanding shares of common stock in the open market, in privately negotiated transactions or shares withheld upon the exercise of equity awards from time to time over a 12-month period until July 31, 2024, at such prices as may be determined by the Company's management, such program to commence no sooner than the third trading day after the public announcement of this repurchase program. T
FS Bancorp (NASDAQ:FSBW) reported quarterly earnings of $1.16 per share which missed the analyst consensus estimate of $1.22 by 4.92 percent. This is a 39.76 percent increase over earnings of $0.83 per share from the same period last year.
FS Bancorp (NASDAQ:FSBW) reported quarterly earnings of $1.22 per share which beat the analyst consensus estimate of $1.02 by 19.61 percent. This is a 50.62 percent increase over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $35.88 million which beat the analyst consensus estimate of $34.52 million by 3.94 percent. This is a 25.47 percent increase over sales of $28.60 million the same period last year.