FS Bancorp, Inc. (FSBW)

FS Bancorp, Inc. authorized an additional $5.0 million share repurchase program on October 27, 2025. The company reported Q3 2025 earnings per share of $1.18, with net income decreasing to $9.2 million. Q2 2025 net income was $7.7 million, and the company declared its 50th consecutive quarterly dividend and a special dividend. Q1 2025 net income was $8.0 million, and the company announced its 49th consecutive quarterly cash dividend. Insiders at FS Bancorp sold FSBW stock five times, with Joseph C. Adams selling 37,500 shares. In Q2 2025, 43 institutional investors added shares, while 30 decreased their positions.

The provided information does not explicitly detail the demand seasonality for FS Bancorp, Inc.'s products and services. Its demand could be influenced by general economic cycles, interest rate fluctuations, and seasonal patterns in real estate and consumer spending. Home lending activity often sees seasonal peaks in spring and summer.

FS Bancorp, Inc. operates as a bank holding company for 1st Security Bank of Washington, offering banking and financial services to local families, small and regional businesses, and specific industry niches. The company operates through two segments: Commercial and Consumer Banking, and Home Lending. The Commercial and Consumer Banking segment provides deposit instruments, commercial loans, and treasury management solutions through various channels. The Home Lending segment focuses on originating residential mortgage loans for sale in secondary markets and offers home equity and consumer loans.

FS Bancorp, Inc. primarily serves customers in Washington and Oregon, operating through 27 bank branches and several loan production offices. These locations are situated in the greater Puget Sound area, the Tri-Cities in Washington, and in Vancouver, Washington.

Information regarding FS Bancorp, Inc.'s specific brand reputation in the past year is not explicitly detailed. The company emphasizes personalized service, local decision-making, and community engagement. It has consistently paid dividends, declaring its 51st consecutive quarterly cash dividend in Q3 2025, which can positively reflect on its stability and reputation among investors.

As of June 30, 2025, institutional investors hold a significant portion of FS Bancorp, Inc. stock. T. Rowe Price Investment Management, Inc. holds the largest institutional position with 1,025,482 shares. Other major institutional owners include BlackRock, Inc., Dimensional Fund Advisors LP, and The Vanguard Group, Inc.