FS BANCORP (WASH.) DL-,01 Aktie

FS Bancorp’s board has approved a share repurchase program of up to $5.0 million, running through August 24, 2027, and commencing no earlier than the second trading day after the announcement. Repurchases may be made on the open market, through privately negotiated transactions, or under 10b5-1 plans, and will be conducted at management’s discretion taking into account market conditions, share availability and alternative uses of capital. Market purchases will comply with SEC rules; the program does not obligate the company to acquire any specific number of shares and may be suspended, terminated or amended at any time. » More on de.investing.com

FS Bancorp has completed its acquisition of Pacific West Bancorp and integrated Pacific West Bank into 1st Security Bank of Washington. The consideration comprised 430,176 FS Bancorp common shares and $16,832,742 in cash; Pacific West shareholders were given a pro rata choice between shares and cash. FS Bancorp called the transaction a step to expand its presence in Oregon; the bank operates 28 branches and offers lending and deposit services in Washington and Oregon. » More on de.investing.com

President and CEO Matthew D. Mullet, Executive VP/CRO Erin Burr and Executive VP/Chief Lending Officer Benjamin G. Crowl represent FS Bancorp virtually at the D.A. Davidson Western Bank Summit; related investor materials are attached to an SEC filing. The company has a market capitalization of $313 million, a P/E ratio of 9.77, has raised its dividend for 13 consecutive years and offers a dividend yield of 2.72%. FS Bancorp also confirmed, with immediate effect, the appointment of Matthew D. Mullet as the new CEO as part of a previously announced succession plan. » More on de.investing.com