{"success":true,"data":{"pressRelease":{"id":"126330","rtpr_id":"nGNX9wsnK7","ticker":"FSBW","exchange":"NASDAQ","all_tickers":["FSBW"],"title":"FS Bancorp, Inc. Authorizes Share Repurchase Program","author":"Globe Newswire","published_at":"2026-08-24T18:45:00.108Z","article_body":"MOUNTLAKE TERRACE, Wash., Aug. 24, 2026 (GLOBE NEWSWIRE) -- FS Bancorp, Inc.\n(NASDAQ: FSBW) (“Company”), the holding company for 1st Security Bank of\nWashington (“Bank”) announced that its Board of Directors has authorized a\nshare repurchase program of up to $5.0 million in shares of the Company’s\noutstanding common stock in the open market, in privately negotiated\ntransactions from time to time over a 12-month period until August 24, 2027,\nat such prices as may be determined by the Company’s management. The\nrepurchase program will commence no sooner than the second trading day after\nthe public announcement of this repurchase program.\n\nThe repurchase program permits shares to be repurchased in open market or\nprivate transactions or pursuant to a trading plan adopted in accordance with\nRule 10b5-1 of the Securities and Exchange Commission (“SEC”).\n\nRepurchases will be made at management's discretion at prices management\nconsiders to be attractive and in the best interests of both the Company and\nits shareholders, subject to the availability of stock, general market\nconditions, the trading price of the stock, alternative uses for capital, and\nthe Company's financial performance. Open market purchases will be conducted\nin accordance with the limitations set forth in Rule 10b-18 of the SEC and\nother applicable legal requirements.\n\nThe repurchase program may be suspended, terminated or modified at any time\nfor any reason, including market conditions, the cost of repurchasing shares,\nthe availability of alternative investment opportunities, liquidity, and other\nfactors deemed appropriate. These factors may also affect the timing and\namount of share repurchases. The repurchase program does not obligate the\nCompany to purchase any particular number of shares.\n\nAbout FS Bancorp\n\nFS Bancorp, Inc., a Washington corporation, is the holding company for 1st\nSecurity Bank of Washington. The Bank offers a range of loan and deposit\nservices primarily to small- and middle-market businesses and individuals in\nWashington and Oregon. It operates through 33 bank branches, one\nheadquarters office that provides loans and deposit services, and loan\nproduction offices in various suburban communities in the greater Puget Sound\narea, the Kennewick-Pasco-Richland metropolitan area of Washington, also known\nas the Tri-Cities, the greater Portland metropolitan area and in Vancouver,\nWashington. Additionally, the Bank services home mortgage customers\nacross the Northwest, focusing on markets in Washington State including the\nPuget Sound, Tri-Cities, and Vancouver. Following the acquisition of Pacific\nWest Bank, the Bank expanded its presence in the greater Portland market\nthrough locations in West Linn, Lake Oswego, Portland, and Vancouver.\n\nFor more information visit 1st Security Bank’s website at www.fsbwa.com.\n\nForward-Looking Statements\n\nWhen used in this press release and in other documents filed with or furnished\nto the Securities and Exchange Commission (the “SEC”), in press releases\nor other public stockholder communications, or in oral statements made with\nthe approval of an authorized executive officer, the words or phrases\n“believe,” “will,” “will likely result,” “are expected to,”\n“will continue,” “is anticipated,” “estimate,” “project,”\n“plans,” or similar expressions are intended to identify\n“forward-looking statements” within the meaning of the Private Securities\nLitigation Reform Act of 1995. Forward-looking statements are not historical\nfacts but instead represent management's current expectations and forecasts\nregarding future events, many of which are inherently uncertain and outside of\nour control. Actual results may differ, possibly materially from those\ncurrently expected or projected in these forward-looking statements. Factors\nthat could cause the Company’s actual results to differ materially from\nthose described in the forward-looking statements, include but are not limited\nto, the following: adverse impacts to economic conditions in the Company’s\nlocal market areas, other markets where the Company has lending relationships,\nor other aspects of the Company’s business operations or financial markets,\nincluding, without limitation, as a result of employment levels; labor\nshortages, the effects of inflation, recessionary pressures or\nslowing economic growth; changes in interest rates and the duration of such\nchanges, including actions by the Federal Reserve, which could adversely\naffect our revenues and expenses, the values of our assets and obligations,\nand the availability and cost of capital and liquidity; the impact of\ninflation and monetary and fiscal policy responses thereto and their impact on\nconsumer and business behavior; geopolitical developments and international\nconflicts including but not limited to tensions or instability in Eastern\nEurope, the Middle East, and Asia, or the imposition of new or increased\ntariffs and trade restrictions, which may disrupt financial markets, global\nsupply chains, energy prices, or economic activity in specific industry\nsectors; the effects of a federal government shutdown, debt ceiling standoff,\nor other fiscal policy uncertainty; increased competitive pressures,\nincluding repricing and competitors' pricing initiatives, and their impact on\nour market position, loan, and deposit products; adverse changes in the\nsecurities markets, the Company’s ability to execute its plans to grow its\nresidential construction lending, mortgage banking, and warehouse lending\noperations, and the geographic expansion of its indirect home improvement\nlending; challenges arising from expanding into new geographic markets,\nproducts, or services; secondary market conditions for loans and the\nCompany’s ability to originate loans for sale and sell loans in the\nsecondary market; volatility in the mortgage industry; fluctuations in\ndeposits; liquidity issues, including our ability to borrow funds or raise\nadditional capital, if necessary; the impact of bank failures or adverse\ndevelopments at other banks and related negative press about the banking\nindustry in general on investor and depositor sentiment; the ability to adapt\nto rapid technological changes, including advancements in artificial\nintelligence, digital banking, and cybersecurity; legislation or regulatory\nchanges, including but not limited to shifts in capital requirements, banking\nregulation, tax laws, or consumer protection laws;\nvulnerabilities  in information systems or third-party service providers,\nincluding disruptions, breaches, or attacks; environmental, social and\ngovernance goals; the effects of climate change, severe weather events,\nnatural disasters, pandemics, epidemics and other public health crises, acts\nof war or terrorism, domestic political unrest and other external events on\nour business; and other factors described in the Company’s latest Annual\nReport on Form 10-K, Quarterly Reports on Form 10-Q, and other reports filed\nwith or furnished to the SEC which are available on its website at\nwww.fsbwa.com\nand on the SEC's website at www.sec.gov.\n\nAny of the forward-looking statements that the Company makes in this press\nrelease and in the other public statements are based upon management's beliefs\nand assumptions at the time they are made and may turn out to be incorrect\nbecause of the inaccurate assumptions the Company might make, because of the\nfactors illustrated above or because of other factors that cannot be foreseen\nby the Company. Therefore, these factors should be considered in evaluating\nthe forward-looking statements, and undue reliance should not be placed on\nsuch statements. The Company does not undertake and specifically disclaims any\nobligation to revise any forward-looking statements to reflect the occurrence\nof anticipated or unanticipated events or circumstances after the date of such\nstatements. \n\nContacts:\nMatthew D. Mullet,\nPresident and Chief Executive Officer\nPhillip D. Whittington,\nChief Financial Officer\n\n(425) 771-5299\nwww.FSBWA.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/16e3476e-9995-4216-9cc5-e21b9cbded0c)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9wsnK7","title":"FS Bancorp, Inc. Authorizes Share Repurchase Program","author":"Globe Newswire","ticker":"FSBW","created":"2026-08-24T18:45:00.108Z","tickers":["FSBW"],"exchange":"NASDAQ","article_body":"MOUNTLAKE TERRACE, Wash., Aug. 24, 2026 (GLOBE NEWSWIRE) -- FS Bancorp, Inc.\n(NASDAQ: FSBW) (“Company”), the holding company for 1st Security Bank of\nWashington (“Bank”) announced that its Board of Directors has authorized a\nshare repurchase program of up to $5.0 million in shares of the Company’s\noutstanding common stock in the open market, in privately negotiated\ntransactions from time to time over a 12-month period until August 24, 2027,\nat such prices as may be determined by the Company’s management. The\nrepurchase program will commence no sooner than the second trading day after\nthe public announcement of this repurchase program.\n\nThe repurchase program permits shares to be repurchased in open market or\nprivate transactions or pursuant to a trading plan adopted in accordance with\nRule 10b5-1 of the Securities and Exchange Commission (“SEC”).\n\nRepurchases will be made at management's discretion at prices management\nconsiders to be attractive and in the best interests of both the Company and\nits shareholders, subject to the availability of stock, general market\nconditions, the trading price of the stock, alternative uses for capital, and\nthe Company's financial performance. Open market purchases will be conducted\nin accordance with the limitations set forth in Rule 10b-18 of the SEC and\nother applicable legal requirements.\n\nThe repurchase program may be suspended, terminated or modified at any time\nfor any reason, including market conditions, the cost of repurchasing shares,\nthe availability of alternative investment opportunities, liquidity, and other\nfactors deemed appropriate. These factors may also affect the timing and\namount of share repurchases. The repurchase program does not obligate the\nCompany to purchase any particular number of shares.\n\nAbout FS Bancorp\n\nFS Bancorp, Inc., a Washington corporation, is the holding company for 1st\nSecurity Bank of Washington. The Bank offers a range of loan and deposit\nservices primarily to small- and middle-market businesses and individuals in\nWashington and Oregon. It operates through 33 bank branches, one\nheadquarters office that provides loans and deposit services, and loan\nproduction offices in various suburban communities in the greater Puget Sound\narea, the Kennewick-Pasco-Richland metropolitan area of Washington, also known\nas the Tri-Cities, the greater Portland metropolitan area and in Vancouver,\nWashington. Additionally, the Bank services home mortgage customers\nacross the Northwest, focusing on markets in Washington State including the\nPuget Sound, Tri-Cities, and Vancouver. Following the acquisition of Pacific\nWest Bank, the Bank expanded its presence in the greater Portland market\nthrough locations in West Linn, Lake Oswego, Portland, and Vancouver.\n\nFor more information visit 1st Security Bank’s website at www.fsbwa.com.\n\nForward-Looking Statements\n\nWhen used in this press release and in other documents filed with or furnished\nto the Securities and Exchange Commission (the “SEC”), in press releases\nor other public stockholder communications, or in oral statements made with\nthe approval of an authorized executive officer, the words or phrases\n“believe,” “will,” “will likely result,” “are expected to,”\n“will continue,” “is anticipated,” “estimate,” “project,”\n“plans,” or similar expressions are intended to identify\n“forward-looking statements” within the meaning of the Private Securities\nLitigation Reform Act of 1995. Forward-looking statements are not historical\nfacts but instead represent management's current expectations and forecasts\nregarding future events, many of which are inherently uncertain and outside of\nour control. Actual results may differ, possibly materially from those\ncurrently expected or projected in these forward-looking statements. Factors\nthat could cause the Company’s actual results to differ materially from\nthose described in the forward-looking statements, include but are not limited\nto, the following: adverse impacts to economic conditions in the Company’s\nlocal market areas, other markets where the Company has lending relationships,\nor other aspects of the Company’s business operations or financial markets,\nincluding, without limitation, as a result of employment levels; labor\nshortages, the effects of inflation, recessionary pressures or\nslowing economic growth; changes in interest rates and the duration of such\nchanges, including actions by the Federal Reserve, which could adversely\naffect our revenues and expenses, the values of our assets and obligations,\nand the availability and cost of capital and liquidity; the impact of\ninflation and monetary and fiscal policy responses thereto and their impact on\nconsumer and business behavior; geopolitical developments and international\nconflicts including but not limited to tensions or instability in Eastern\nEurope, the Middle East, and Asia, or the imposition of new or increased\ntariffs and trade restrictions, which may disrupt financial markets, global\nsupply chains, energy prices, or economic activity in specific industry\nsectors; the effects of a federal government shutdown, debt ceiling standoff,\nor other fiscal policy uncertainty; increased competitive pressures,\nincluding repricing and competitors' pricing initiatives, and their impact on\nour market position, loan, and deposit products; adverse changes in the\nsecurities markets, the Company’s ability to execute its plans to grow its\nresidential construction lending, mortgage banking, and warehouse lending\noperations, and the geographic expansion of its indirect home improvement\nlending; challenges arising from expanding into new geographic markets,\nproducts, or services; secondary market conditions for loans and the\nCompany’s ability to originate loans for sale and sell loans in the\nsecondary market; volatility in the mortgage industry; fluctuations in\ndeposits; liquidity issues, including our ability to borrow funds or raise\nadditional capital, if necessary; the impact of bank failures or adverse\ndevelopments at other banks and related negative press about the banking\nindustry in general on investor and depositor sentiment; the ability to adapt\nto rapid technological changes, including advancements in artificial\nintelligence, digital banking, and cybersecurity; legislation or regulatory\nchanges, including but not limited to shifts in capital requirements, banking\nregulation, tax laws, or consumer protection laws;\nvulnerabilities  in information systems or third-party service providers,\nincluding disruptions, breaches, or attacks; environmental, social and\ngovernance goals; the effects of climate change, severe weather events,\nnatural disasters, pandemics, epidemics and other public health crises, acts\nof war or terrorism, domestic political unrest and other external events on\nour business; and other factors described in the Company’s latest Annual\nReport on Form 10-K, Quarterly Reports on Form 10-Q, and other reports filed\nwith or furnished to the SEC which are available on its website at\nwww.fsbwa.com\nand on the SEC's website at www.sec.gov.\n\nAny of the forward-looking statements that the Company makes in this press\nrelease and in the other public statements are based upon management's beliefs\nand assumptions at the time they are made and may turn out to be incorrect\nbecause of the inaccurate assumptions the Company might make, because of the\nfactors illustrated above or because of other factors that cannot be foreseen\nby the Company. Therefore, these factors should be considered in evaluating\nthe forward-looking statements, and undue reliance should not be placed on\nsuch statements. The Company does not undertake and specifically disclaims any\nobligation to revise any forward-looking statements to reflect the occurrence\nof anticipated or unanticipated events or circumstances after the date of such\nstatements. \n\nContacts:\nMatthew D. Mullet,\nPresident and Chief Executive Officer\nPhillip D. Whittington,\nChief Financial Officer\n\n(425) 771-5299\nwww.FSBWA.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/16e3476e-9995-4216-9cc5-e21b9cbded0c)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-24T18:45:00.143104567Z","server_sent_at_ms":1787597100143},"received_at":"2026-08-24T18:45:00.195Z","source_url":"https://www.globenewswire.com/news-release/2026/08/24/3350066/24095/en/fs-bancorp-inc-authorizes-share-repurchase-program.html"},"analysis":{"id":"115273","press_release_id":"126330","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":[],"eventType":"buyback","narrative":"FS Bancorp’s Board of Directors has authorized a new share repurchase program allowing the company to buy back up to $5.0 million of its outstanding common stock over the next 12 months.\n\nThe repurchases may be conducted via open market or private transactions at management’s discretion, subject to market conditions and compliance with SEC regulations.\n\nFS Bancorp serves as the holding company for 1st Security Bank of Washington, which operates 33 branches across Washington and Oregon.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Modest buyback authorization signals capital management confidence."},"keyFigures":{"customDimensions":{"buyback_amount":5000000}},"namedEntities":{"people":[{"name":"Matthew D. 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Mullet","role":"President and Chief Executive Officer"},{"name":"Phillip D. Whittington","role":"Chief Financial Officer"}],"products":[],"companies":[{"name":"FS Bancorp, Inc.","ticker":"FSBW"},{"name":"1st Security Bank of Washington","relationship":"subsidiary"},{"name":"Pacific West Bank","relationship":"acquired entity"}],"dollarAmounts":[{"amount":"$5.0 million","context":"share repurchase program authorization"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-24T18:46:19.445Z","global_importance":10,"audience_relevance":5,"importance_components":{"tickerTier":"small-cap","eventGravity":"routine_buyback_authorization"}},"durationMs":79241,"modelName":"glm-4.7"}}