FS Bancorp Inc. (NASDAQ: FSBW) said on Monday it has authorized a share buyback program covering up to $5.0 million of its outstanding common stock.
The 12-month program, which runs through Aug. 24, 2027, may commence no earlier than the second trading day following the announcement. Repurchases may be executed through open market transactions, privately negotiated deals, or via a 10b5-1 trading plan compliant with U.S. Securities and Exchange Commission rules.
Open market purchases will adhere to SEC Rule 10b-18 and other regulatory requirements. The company emphasized that repurchase decisions remain discretionary and will depend on factors including share availability, market conditions, trading prices, capital allocation alternatives, and financial performance. The program does not mandate a specific number of shares and may be suspended, terminated, or modified at any time.
FS Bancorp, which operates through its subsidiary 1st Security Bank of Washington, serves individuals and small-to-medium businesses across Washington and Oregon. Its network includes 33 branches, a headquarters office, and loan origination offices in the Puget Sound region, the Kennewick-Pasco-Richland metro area, the greater Portland metro area, and Vancouver, Washington.
FSBW closed at $42.94 on Aug. 24, up $0.47, or 1.11%, in regular trading.
