What is the size and duration of FS Bancorp's share repurchase program?

FS Bancorp authorized up to $5.0 million for repurchases over a 12-month period from August 24, 2026 to August 24, 2027. The program will commence no sooner than the second trading day after the August 24, 2026 announcement.

How will FS Bancorp execute the repurchases?

Repurchases may be made through open market purchases, privately negotiated transactions, or pursuant to a Rule 10b5-1 trading plan. Open market purchases will comply with Rule 10b-18 limitations and other applicable SEC requirements.

Is the repurchase program mandatory?

No. The program is entirely discretionary and may be suspended, terminated, or modified at any time for any reason, including market conditions, stock availability, alternative investment opportunities, and liquidity considerations. The authorization does not obligate the Company to purchase any shares.

What factors will drive FS Bancorp's repurchase decisions?

Repurchases will be made at prices management considers attractive and in the best interests of the Company and shareholders, subject to availability of stock, general market conditions, trading price, alternative uses for capital, and the Company's financial performance.

How does this buyback compare to FS Bancorp's size?

This is a relatively modest authorization for a regional bank. The program demonstrates a balanced approach to capital allocation, giving management flexibility to return cash to shareholders while preserving optionality for acquisitions, organic growth, or other strategic priorities.

When can repurchases begin?

The repurchase program will commence no sooner than the second trading day after the August 24, 2026 public announcement, ensuring compliance with SEC disclosure and trading restrictions.

FSBW 8-K Filed 2026-08-24 New authorization

FS Bancorp authorizes $5M share repurchase program

Board approves 12-month buyback for up to $5 million in open-market purchases or Rule 10b5-1 trading plans.

Authorization$5M

MechanismRule 10b-18 open-market purcha

What the filing says

FS Bancorp, Inc. (NASDAQ: FSBW) announced on August 24, 2026 that its Board of Directors has authorized a share repurchase program of up to $5.0 million in outstanding common stock. The program will run for a 12-month period until August 24, 2027 and will commence no sooner than the second trading day after the public announcement.

Shares may be repurchased in open market transactions, privately negotiated transactions, or pursuant to a Rule 10b5-1 trading plan adopted in accordance with SEC regulations. Open market purchases will be conducted in accordance with Rule 10b-18 of the SEC and other applicable legal requirements. Repurchases will be made at prices management considers attractive and in the best interests of the Company and its shareholders, subject to market conditions, stock availability, trading prices, alternative capital uses, and financial performance.

The repurchase program is discretionary and may be suspended, terminated, or modified at any time for any reason, including market conditions, cost of repurchasing shares, availability of alternative investment opportunities, and liquidity considerations. The authorization does not obligate the Company to purchase any particular number of shares.

Board of Directors has authorized a share repurchase program of up to $5.0 million 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 August 24, 2027, at such prices as may be determined by the Company's management. — FS Bancorp, Inc. 8-K filing · View on SEC EDGAR →

What this means

FS Bancorp's $5 million authorization represents a modest buyback program for a regional bank holding company. The 12-month duration and discretionary nature mean the company may execute purchases opportunistically based on market conditions and capital availability, with no minimum commitment to complete the full amount. At this authorization scale, the buyback reflects a measured capital allocation approach, prioritizing flexibility and shareholder returns while maintaining strategic optionality for alternative uses of capital.

Frequently asked questions

What is the size and duration of FS Bancorp's share repurchase program?: FS Bancorp authorized up to $5.0 million for repurchases over a 12-month period from August 24, 2026 to August 24, 2027. The program will commence no sooner than the second trading day after the August 24, 2026 announcement.
How will FS Bancorp execute the repurchases?: Repurchases may be made through open market purchases, privately negotiated transactions, or pursuant to a Rule 10b5-1 trading plan. Open market purchases will comply with Rule 10b-18 limitations and other applicable SEC requirements.
Is the repurchase program mandatory?: No. The program is entirely discretionary and may be suspended, terminated, or modified at any time for any reason, including market conditions, stock availability, alternative investment opportunities, and liquidity considerations. The authorization does not obligate the Company to purchase any shares.
What factors will drive FS Bancorp's repurchase decisions?: Repurchases will be made at prices management considers attractive and in the best interests of the Company and shareholders, subject to availability of stock, general market conditions, trading price, alternative uses for capital, and the Company's financial performance.
How does this buyback compare to FS Bancorp's size?: This is a relatively modest authorization for a regional bank. The program demonstrates a balanced approach to capital allocation, giving management flexibility to return cash to shareholders while preserving optionality for acquisitions, organic growth, or other strategic priorities.
When can repurchases begin?: The repurchase program will commence no sooner than the second trading day after the August 24, 2026 public announcement, ensuring compliance with SEC disclosure and trading restrictions.

authorization regional-bank rule-10b-18 rule-10b5-1 12-month-program discretionary

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.