FS Bancorp, Inc.: directors' dealings · United States · SEC (Form 4)

About FS Bancorp, Inc.

FS Bancorp, Inc. (ticker: FSBW) is a U.S.-listed bank holding company traded on the NASDAQ market in the United States. For francophone investors, the name sits squarely in the regional banking bucket: FS Bancorp is the holding company for 1st Security Bank of Washington, its operating subsidiary. The holding company was organized in September 2011 to become the parent of the bank after a conversion from a mutual thrift structure, while the banking franchise itself dates back to 1907 through 1st Security Bank’s long operating history. The group’s principal headquarters is in Mountlake Terrace, Washington. That combination makes FSBW a community-oriented, mid-sized banking platform with a long local legacy and a focused geographic footprint in the Pacific Northwest. From a business-model perspective, FS Bancorp is best described as a diversified lender rather than a plain-vanilla retail bank. Its SEC filings show that the company specializes in originating a broad mix of loans, including commercial real estate (CRE), multifamily, construction, one-to-four-family residential, home equity, indirect home improvement/fixture-secured consumer loans, marine loans, and commercial business loans. This mix gives the bank exposure to multiple lending verticals and helps it balance relationship banking with more specialized niches. The institution is regulated by the Washington State Department of Financial Institutions and the FDIC, and it participates in the Federal Home Loan Bank system. That regulatory framework reinforces its profile as a conservatively run regional bank. FS Bancorp’s competitive position is not based on national scale, but on local market knowledge, customer relationships, and targeted lending expertise. The franchise’s branch and lending presence is concentrated in Washington and adjacent markets in the broader Northwest, with 1st Security Bank highlighting service to several counties across Washington state and some neighboring areas. For investors, this matters because regional banks with a strong deposit base and specialized loan origination capabilities can sustain attractive spreads and relationship-driven cross-selling, provided credit discipline remains sound. Recent developments have been supportive. In January 2026, the company reported fourth-quarter 2025 net income of $8.4 million, or $1.10 per diluted share, and also announced a 3.6% increase in its quarterly dividend. Earlier disclosures indicated that management remained focused on growth in book value and tangible book value, while maintaining capital ratios above applicable minimum requirements. The company has also been working on headquarters consolidation and related building improvements, signaling continued operational rationalization. On the insider-trading side, FS Bancorp continues to file SEC Form 4s, reflecting active reporting discipline around insider transactions. Overall, FSBW is a NASDAQ-listed U.S. regional banking name with a defensive, relationship-driven model, a long-standing Washington heritage, and a loan book tilted toward diversified niche lending rather than broad national competition.