FS Bancorp Expands Share Repurchase Program
The authorization allows for the repurchase of up to $5.0 million in additional common stock over the next year.
October 28, 2025
Management Drives Capital Action
FS Bancorp, Inc., the holding company for 1st Security Bank of Washington, announced on October 27, 2025, that its Board of Directors authorized a major expansion of the common stock repurchase program. The company, trading as FSBW on NASDAQ, can now repurchase up to an additional **$5.0 million** of its outstanding common stock.
The repurchase period runs for 12 months, expiring on October 27, 2026. Management has the authority to act, determining the prices and the timing of the transactions. Repurchases will commence no earlier than the third trading day following this public announcement.
The company is moving to execute these purchases through the open market or in private transactions, including pursuant to a trading plan adopted under SEC Rule 10b5-1. These open market actions will strictly follow the limits set by the SEC’s Rule 10b-18. Management must see the purchase as attractive and in the best interest of both the company and its shareholders to move forward.
Decision Criteria and Operational Scope
The decision to buy stock hinges on several key factors:
- The stock’s trading price.
- General market conditions.
- Alternative capital uses.
- The company’s financial performance.
If market conditions change or alternative investment opportunities arise, the program can be stopped or adjusted at any time. FS Bancorp is not obligated to purchase a specific number of shares.
FS Bancorp, a Washington corporation, operates 1st Security Bank of Washington, which provides loan and deposit services. The Bank focuses on individuals and small- and middle-market businesses in Washington and Oregon. Its operations include 27 bank branches, a headquarters office, and loan production offices across the Puget Sound area, the Tri-Cities, and Vancouver, Washington. The Bank also services home mortgage customers across the Northwest.
The company acknowledges that actual results might differ from current expectations. Economic conditions in its local markets, interest rate fluctuations, inflation, and increased competitive pressures represent factors that could shift its financial performance.
