FS Bancorp, Inc. Price & Performance (FSBW)

FS Bancorp reported first-quarter net income of $8 million, or $1.01 per diluted share, down from $8.4 million last year. Notably, deposits surged 11.8% to $2.62 billion, driven by brokered deposits. This liquidity allowed a sharp reduction in borrowings and positions the bank well for future loan growth.123

FS Bancorp’s board approved its 49th consecutive quarterly dividend of $0.28 per share, payable May 22. The company has increased its dividend for 12 straight years, now yielding nearly 3%. Management also authorized an additional $5 million in share repurchases, highlighting a continued focus on shareholder value.245

First-quarter earnings per share of $1.01 exceeded consensus estimates, though net income dipped from the prior year. The bank’s return on equity stands at 12.35%, with a healthy capital position and stable loan portfolio, reflecting resilience amid a shifting deposit and funding landscape.423