FS Bancorp Authorizes $5.0M Share Repurchase Program

What Happened
FS Bancorp, Inc. (the holding company for 1st Security Bank of Washington) filed an 8‑K on August 24, 2026, announcing that its Board of Directors authorized a share repurchase program of up to $5.0 million of the company’s common stock. The repurchase program will begin no sooner than the second trading day after the public announcement of the program. A related press release was attached to the filing as Exhibit 99.1.

Key Details

• Board authorized repurchases up to $5.0 million of common stock.
• Repurchases commence no sooner than the second trading day after the public announcement.
• 8‑K filing date: August 24, 2026.
• Company is the holding company for 1st Security Bank of Washington.

Why It Matters
A board‑authorized share repurchase program gives FS Bancorp the flexibility to buy back shares, which can reduce shares outstanding and affect per‑share metrics. For investors, this is a capital‑allocation action to watch—future announcements will be needed to know timing, pace, and actual dollars spent under the program.