FS Bancorp, Inc. celebrates 10 years as a NASDAQ listed company with a $0.10 special cash dividend and the approval of an additional $10 million share repurchase plan
MOUNTLAKE TERRACE, Wash., April 06, 2022 (GLOBE NEWSWIRE) -- To celebrate ten years as a NASDAQ listed company, the Board of Directors (“Board”) of FS Bancorp, Inc. (“FSBW”), the holding company for 1st Security Bank of Washington, today announced a 10 cent (
CEO Joe Adams noted, “We are proud of our continued strong performance which we believe demonstrates that a great company culture can lead to outstanding financial results.”
At the same Board meeting, FSBW’s Board of Directors approved an additional
The special dividend and increased share repurchase plan are a result of our strong 2021 financial performance which includes the following metrics:
- Earnings per diluted share of
- Return on Average Equity of
- Return on Average Assets of
- Continued dividend increases since 2013, including a
- 524,353 shares repurchased in 2021
- Growth in Book Value to
FSBW’s strong financial metrics combined with our commitment to building a positive company culture led Bank Director Magazine, in its 2022 Ranking Banking study, to nationally recognize FSBW as the #1 Community Bank with assets under
About FS Bancorp, Inc.
FS Bancorp, Inc., the holding company for 1st Security Bank of Washington, member FDIC and Equal Housing Lender, provides loan and deposit services to customers at its twenty-one branches, and mortgage services at each branch as well as lending offices in the greater Puget Sound area, the Tri-Cities and our newest lending office in Vancouver, WA. FS Bancorp, Inc., a Washington corporation, is the holding company for the Bank.
MEDIA CONTACTS
Donna Jacobson
VP, Director of Marketing, 1st Security Bank
P: 425.697.8086
E: donna.jacobson@fsbwa.com
Joe Adams
CEO, 1st Security Bank
P: 425.697.8048
E: joea@fsbwa.com
Matt Mullet
CFO, 1st Security Bank
P: 425.697.8026
E: mattm@fsbwa.com
