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FSBWNasdaqSavings Institutions, Not Federally CharteredFiscal year ends December 31

FS Bancorp, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$44.58−0.27 (-0.60%)

Close on Oct 19, 2026

Market cap
$333.60M
P/E (TTM)
10.2
Dividend yield
3.01%

About FS Bancorp

Savings Institutions, Not Federally Chartered, SIC 6036

FS Bancorp operates as a bank holding company for 1st Security Bank, delivering community banking and diversified lending services. Its offerings include commercial real estate, multi-family, residential construction, one-to-four-family mortgage, and home equity loans. The bank also provides commercial business credit, warehouse lending lines, and consumer financing, particularly fixture-secured home improvement and marine loans, alongside retail deposit products. Customers comprise local individuals, families, home builders, and regional businesses.

Headquartered in Mountlake Terrace, Washington, the company also maintains an administrative facility in Aberdeen, Washington. Its branch network includes twenty-seven full-service locations, with twenty-two in Washington and five in Oregon. It also operates thirteen loan production offices across the Puget Sound region, Eastern Washington, and Southwest Washington, while its indirect consumer lending contractor network spans thirteen states.

Summary of the business section of FS Bancorp's latest annual report, written by StockData.

Company profile

Company

Legal name
FS Bancorp, Inc.
Founded
1907
Headquarters
Mountlake Terrace, WA
Address
6920 220th Street Sw 98043
Phone
(425) 771-5299
Employees
581, Dec 31, 2025
Industry
Savings Institutions, Not Federally Chartered
Incorporated in
Washington
Fiscal year ends
December 31
Auditor
Baker Tilly US,LLP, Everett, Washington

Stock & identifiers

Ticker
FSBW
Exchange
Nasdaq
IPO date
Jul 10, 2012
Shares outstanding
7M, Aug 5, 2026
Public float
$259.82M, Jun 30, 2025
Filer category
Accelerated filer
Stock splits
2-for-1, Jul 15, 2021; 2-for-1, Jul 14, 2021
SEC CIK
1530249
CUSIP
30263Y104
ISIN
US30263Y1047
EIN
45-4585178

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Sean McCormickChief Credit Admin. Officer9,293
Victoria JarmanCHR & WOW! Officer, EVP7,823
Kelli NielsenChief Retail Banking, EVP20,965
Robert A. NesbittChief Credit Operations, EVP8,143
Matthew D. MulletPresident & CEO of the Bank152,963
Erin BurrCRO & CRA Officer, EVP40,781
Shana AllenChief Information Office, EVP17,808
Phillip Dean WhittingtonChief Financial Officer6,865
Ben CrowlChief Lending Officer/EVP20,347
Donn C. CostaChief Home Lending, EVP14,396
Terri L. DegnerDirector2,523
Michael J. MansfieldDirector85,502
Pamela Marie AndrewsDirector13,199
Ted A. LeechDirector80,852
Joseph C. AdamsDirector114,094
Joseph P. ZavagliaDirector17,270
Marina Cofer-WildsmithDirector9,252

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025
Joseph C. Adams
$1.44M$1.41M$678.78K$173$160
FY2024
Joseph C. Adams
$1.56M$1.91M$730.41K$167$146
FY2023
Joseph C. Adams
$1.37M$1.33M$630.57K$146$123
FY2022
Joseph C. Adams
$1.36M$1.25M$562.88K$128$123
FY2021
Joseph C. Adams
$1.88M$2.35M$1.36M$125$139
FY2020
Joseph C. Adams
$1.80M$1.32M$1.61M$88$91

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Employees

Headcount reported in annual reports

“As of December 31, 2025, the Company had 581 employees, 99% are full time employees and 1% are part time including a college internship program.”

Corporate history

Events identified from SEC filings