FS Bancorp authorizes additional repurchase of up to $5M shares

FS Bancorp (FSBW), the holding company for 1st Security Bank of Washington, announced that its Board of Directors has authorized an additional repurchase of up to $5M in shares of the company’s outstanding common stock in the open market, in privately negotiated transactions from time to time over a 12-month period until March 31, 2026, at such prices as may be determined by the company’s management. The repurchase program will commence no sooner than the third trading day after the public announcement of this repurchase program. In addition, the previously announced repurchase plan, that was announced on November 15, 2024, has approximately $900,000 remaining that is authorized for repurchase. The repurchase program permits shares to be repurchased in open market or private transactions or pursuant to a trading plan adopted in accordance with Rule 10b5-1 of the SEC.