FS Bancorp, Inc.

FS Bancorp, Inc. Announces Cash Dividend

MOUNTLAKE TERRACE, Wash., April 30, 2013 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (Nasdaq:FSBW), the holding company for 1st Security Bank of Washington, today announced that its Board of Directors declared a quarterly cash dividend of $.05 per share on the Company's outstanding common stock. The cash dividend will be payable on May 29, 2013 to shareholders of record as of the close of business on May 15, 2013.

FS Bancorp, Inc.

FS Bancorp, Inc. Reports Net Income for the First Quarter of $1.2 Million or $0.41 Per Share

MOUNTLAKE TERRACE, Wash., April 29, 2013 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (Nasdaq:FSBW) ("FS Bancorp" or "the Company"), the holding company for 1st Security Bank of Washington ("the Bank") today reported 2013 first quarter net income of $1.2 million, or $0.41 per diluted share, compared to $277,000 for the same period last year. The Company completed its initial public offering on July 9, 2012 with the issuance of 3,240,125 shares of its common stock, which generated gross proceeds of $32.4 million; therefore, operating results before that date are for the Bank only.

FS Bancorp, Inc.

FS Bancorp, Inc. Reports Net Income for the Fourth Quarter of $1.1 Million or $0.36 per Share and $5.3 Million or $1.76 per Share for the Year Ended December 31, 2012

MOUNTLAKE TERRACE, Wash., Jan. 30, 2013 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (Nasdaq:FSBW) ("FS Bancorp" or "the Company"), the holding company for 1st Security Bank of Washington ("the Bank") today reported 2012 fourth quarter net income of $1.1 million, or $0.36 per diluted share, compared to $312,000 for the fourth quarter ended December 31, 2011. The 2012 fourth quarter net income of $1.1 million compares to $3.3 million for the third quarter of 2012 which included a $2.3 million reversal of the valuation allowance for the deferred tax asset. Net income for the year ended December 31, 2012 was $5.3 million including the $2.3 million reversal of the valuation allowance for the deferred tax asset compared to net income of $1.5 million for the year ended December 31, 2011. The Company completed its initial public offering on July 9, 2012 with the issuance of 3,240,125 shares of its common stock, which generated gross proceeds of $32.4 million; therefore, operating results before that date are for the Bank only.

FS Bancorp, Inc.

FS Bancorp, Inc. Announces Appointment of Chief Credit Officer and Chief Lending Officer

MOUNTLAKE TERRACE, Wash., Dec. 11, 2012 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (Nasdaq:FSBW) ("FS Bancorp" or "the Company"), the holding company for 1st Security Bank of Washington ("the Bank"), today reported that the Bank had appointed Steven L. Haynes as the Bank's new Chief Credit Officer and Dennis V. O'Leary as the Bank's new Chief Lending Officer. Messrs. Haynes and O'Leary are currently both employed by the Bank. The promotions are in connection with the Bank's determination to distinguish the oversight of the Bank's credit and lending functions. Messrs. Haynes and O'Leary's promotions will be effective December 19, 2012.

FS Bancorp, Inc.

FS Bancorp, Inc. Reports Third Quarter Earnings

MOUNTLAKE TERRACE, Wash., Oct. 26, 2012 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (Nasdaq:FSBW) ("FS Bancorp" or "the Company"), the holding company for 1st Security Bank of Washington ("the Bank") today reported 2012 third quarter net income of $3.3 million or $1.03 per diluted share, which includes a $2.3 million net tax benefit as a result of the reversal of the majority of its deferred tax asset ("DTA") valuation allowance. Results without the deferred tax benefit reflect net income of $1.0 million in the third quarter, up from $621,000 for the second quarter of 2012 and $225,000 for the third quarter ended September 30, 2011. Net income for the first nine months of 2012 was $4.2 million including the $2.3 million net tax benefit. Results without the deferred tax benefit reflect net income of $1.9 million for the first nine months of 2012 compared to net income of $1.2 million for the first nine months of 2011. The Company completed its initial public offering ("IPO") on July 9, 2012 with the issuance of 3,240,125 shares of its common stock, which generated gross proceeds of $32.4 million; therefore, operating results before that date pertain to the Bank only.