News about FS Bancorp

FS Bancorp, Inc. (NASDAQ: FSBW) reported third-quarter 2026 net income of $4.9 million, or $0.63 per diluted share, down from $7.9 million ($1.04) in the prior quarter and $9.2 million ($1.18) a year earlier. Its acquisition of Pacific West Bancorp, completed August 19, 2026 for about $35.3 million in total consideration, lifted total deposits by $418.3 million, or 17.1%, to $2.87 billion. The Home Lending segment posted a net loss of $806,000 due to rising interest rates, while the Commercial and Consumer Banking segment earned $5.7 million. The board approved a cash dividend of $0.29 per share, the 55th consecutive quarterly dividend, payable November 20, 2026.