FS Bancorp CEO Appointed to SF Fed Board
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy FSBW?
Source: Newsfilter
- Executive Appointment: FS Bancorp's CEO Matthew Mullet has been appointed to the Seattle Branch Board of the Federal Reserve Bank of San Francisco, marking a significant role in financial policy-making that is expected to enhance the company's influence in the local banking sector.
- Banking Background: Mullet joined 1st Security Bank in 2011 as CFO and was promoted to CEO in 2025, bringing over 20 years of banking experience that will provide valuable industry insights to the board.
- Role in Federal Reserve System: The SF Fed is part of the U.S. central banking system, responsible for advancing the nation's monetary and financial systems, and Mullet's appointment is expected to strengthen the connection between local banks and federal policies, promoting economic growth.
- Community Impact: Mullet expressed that it is an honor to participate in decisions affecting monetary policy for local banks and their customers, and his expertise is anticipated to guide future decisions, thereby enhancing the quality of services provided by community banks.
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Analyst Views on FSBW
Wall Street analysts forecast FSBW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSBW is 41.00 USD with a low forecast of 41.00 USD and a high forecast of 41.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 41.710
Low
41.00
Averages
41.00
High
41.00
Current: 41.710
Low
41.00
Averages
41.00
High
41.00
About FSBW
FS Bancorp, Inc. is a bank holding company for 1st Security Bank of Washington (the Bank). The Bank provides loan and deposit services to customers who are predominantly small- and middle-market businesses and individuals in Washington and Oregon. The Bank’s segments include Commercial and Consumer Banking and Home Lending. The Commercial and Consumer Banking segment provides diversified financial products and services to its commercial and consumer customers through the Bank branches, online banking platforms, mobile banking apps, and telephone banking. These products and services include deposit products, residential, consumer, business and commercial real estate lending portfolios, and cash management services. The Home Lending segment originates one-to-four-family residential mortgage loans primarily for sale in the secondary markets, as well as loans held for investment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
FS Bancorp CEO Appointed to SF Fed Board
- Executive Appointment: FS Bancorp's CEO Matthew Mullet has been appointed to the Seattle Branch Board of the Federal Reserve Bank of San Francisco, marking a significant role in financial policy-making that is expected to enhance the company's influence in the local banking sector.
- Banking Background: Mullet joined 1st Security Bank in 2011 as CFO and was promoted to CEO in 2025, bringing over 20 years of banking experience that will provide valuable industry insights to the board.
- Role in Federal Reserve System: The SF Fed is part of the U.S. central banking system, responsible for advancing the nation's monetary and financial systems, and Mullet's appointment is expected to strengthen the connection between local banks and federal policies, promoting economic growth.
- Community Impact: Mullet expressed that it is an honor to participate in decisions affecting monetary policy for local banks and their customers, and his expertise is anticipated to guide future decisions, thereby enhancing the quality of services provided by community banks.
See More
FS Bancorp (FSBW) Declares 3.6% Dividend Increase to $0.29 per Share
- Dividend Increase: FS Bancorp has declared a quarterly dividend increase from $0.28 to $0.29 per share, reflecting a 3.6% growth that underscores the company's robust profitability and commitment to shareholder returns.
- Dividend Yield: The forward yield of 2.67% provides investors with a relatively attractive return, enhancing the company's appeal in the capital markets and potentially attracting more investment.
- Record Dates: The dividend will be payable on February 19, with a record date of February 6 and an ex-dividend date also set for February 6, ensuring shareholders receive their dividends promptly.
- Share Repurchase Program: FS Bancorp has authorized an additional $5 million share repurchase program aimed at enhancing earnings per share by reducing the number of shares outstanding, thereby increasing shareholder value.
See More
FS Bancorp Inc. Reports Q4 Profit Growth but Misses Estimates
- Profit Growth: FS Bancorp's Q4 earnings reached $8.42 million, or $1.10 per share, up from $7.38 million and $0.92 per share last year, indicating an improvement in profitability but falling short of analysts' expectations of $1.13 per share, highlighting challenges in sustaining earnings growth.
- Revenue Increase: The company's revenue rose 12% year-over-year to $40.01 million from $35.72 million last year, reflecting sales growth amid recovering market demand, yet this was insufficient to offset the earnings miss.
- Market Reaction: Despite the increase in revenue and profit, the failure to meet market expectations may lead to a decline in investor confidence regarding the company's future performance, potentially negatively impacting its stock price.
- Analyst Expectations: Analysts typically exclude special items in their estimates, and FS Bancorp's performance not meeting these expectations could affect its reputation among investors and future financing capabilities.
See More
FS Bancorp Reports $33.3 Million Net Income for 2025, Increases Quarterly Dividend to $0.29
- Net Income Growth: FS Bancorp reported a net income of $33.3 million for 2025, translating to $4.29 per diluted share, reflecting stable profitability despite a decrease from $35.0 million in 2024.
- Increased Shareholder Returns: The Board of Directors announced a quarterly cash dividend increase to $0.29 per share, marking the 52nd consecutive increase, which is expected to be paid on February 19, 2026, enhancing shareholder confidence.
- Improved Asset Quality: As of December 31, 2025, net loans reached $2.62 billion, a 4.8% increase from 2024, indicating robust performance in the lending market, although consumer loans saw a slight decline.
- Stable Capital Ratios: FS Bancorp maintained a total risk-based capital ratio of 14.0%, demonstrating a strong capital foundation under regulatory requirements, ensuring resilience against future market fluctuations.
See More
FS Bancorp Appoints Omeed Salashoor as SVP, Home Lending Director with 35 Years Experience
- Leadership Change: FS Bancorp appoints Omeed Salashoor as SVP and Director of Home Lending, leveraging over 35 years of mortgage banking experience, which is expected to enhance the bank's lending performance and strengthen its market position.
- Customer Relationship Focus: Salashoor emphasizes a customer-centric service approach aimed at building long-term relationships, which will likely drive business growth and increase the bank's community impact.
- Community Engagement: Salashoor actively participates in community service, particularly with the Salvation Army and local children's summer camps, reflecting the bank's commitment to community responsibility and potentially attracting more customer support.
- Strategic Alignment: Salashoor's values align closely with FS Bancorp's community banking philosophy, which is expected to drive further development in responsible home lending, addressing customer needs for housing loans.
See More
FS Bancorp, Inc. Announces $9.2 Million Net Income for Third Quarter, Equivalent to $1.18 Per Diluted Share, and Declares 51st Straight Quarterly Cash Dividend
Financial Performance: FS Bancorp reported a net income of $9.2 million for Q3 2025, a decrease from $10.3 million in the same quarter last year, with year-to-date net income at $24.9 million compared to $27.6 million in 2024.
Dividend Announcement: The Board of Directors approved a cash dividend of $0.28 per common share, marking the 51st consecutive quarterly dividend, to be paid on November 20, 2025.
Deposit and Loan Growth: Total deposits increased by 5.2% to $2.69 billion from the previous quarter, while loans receivable rose by 0.7% to $2.60 billion, driven by growth in commercial and speculative construction loans.
Credit Quality and Expenses: The provision for credit losses increased to $2.3 million in Q3 2025, reflecting net loan growth and higher charge-off activity, while total noninterest income decreased to $5.6 million due to lower service charges and gains on sales.
See More
FS Bancorp CEO Appointed to SF Fed Board
- Executive Appointment: FS Bancorp's CEO Matthew Mullet has been appointed to the Seattle Branch Board of the Federal Reserve Bank of San Francisco, marking a significant role in financial policy-making that is expected to enhance the company's influence in the local banking sector.
- Banking Background: Mullet joined 1st Security Bank in 2011 as CFO and was promoted to CEO in 2025, bringing over 20 years of banking experience that will provide valuable industry insights to the board.
- Role in Federal Reserve System: The SF Fed is part of the U.S. central banking system, responsible for advancing the nation's monetary and financial systems, and Mullet's appointment is expected to strengthen the connection between local banks and federal policies, promoting economic growth.
- Community Impact: Mullet expressed that it is an honor to participate in decisions affecting monetary policy for local banks and their customers, and his expertise is anticipated to guide future decisions, thereby enhancing the quality of services provided by community banks.
See More
FS Bancorp (FSBW) Declares 3.6% Dividend Increase to $0.29 per Share
- Dividend Increase: FS Bancorp has declared a quarterly dividend increase from $0.28 to $0.29 per share, reflecting a 3.6% growth that underscores the company's robust profitability and commitment to shareholder returns.
- Dividend Yield: The forward yield of 2.67% provides investors with a relatively attractive return, enhancing the company's appeal in the capital markets and potentially attracting more investment.
- Record Dates: The dividend will be payable on February 19, with a record date of February 6 and an ex-dividend date also set for February 6, ensuring shareholders receive their dividends promptly.
- Share Repurchase Program: FS Bancorp has authorized an additional $5 million share repurchase program aimed at enhancing earnings per share by reducing the number of shares outstanding, thereby increasing shareholder value.
See More
FS Bancorp Inc. Reports Q4 Profit Growth but Misses Estimates
- Profit Growth: FS Bancorp's Q4 earnings reached $8.42 million, or $1.10 per share, up from $7.38 million and $0.92 per share last year, indicating an improvement in profitability but falling short of analysts' expectations of $1.13 per share, highlighting challenges in sustaining earnings growth.
- Revenue Increase: The company's revenue rose 12% year-over-year to $40.01 million from $35.72 million last year, reflecting sales growth amid recovering market demand, yet this was insufficient to offset the earnings miss.
- Market Reaction: Despite the increase in revenue and profit, the failure to meet market expectations may lead to a decline in investor confidence regarding the company's future performance, potentially negatively impacting its stock price.
- Analyst Expectations: Analysts typically exclude special items in their estimates, and FS Bancorp's performance not meeting these expectations could affect its reputation among investors and future financing capabilities.
See More
FS Bancorp Reports $33.3 Million Net Income for 2025, Increases Quarterly Dividend to $0.29
- Net Income Growth: FS Bancorp reported a net income of $33.3 million for 2025, translating to $4.29 per diluted share, reflecting stable profitability despite a decrease from $35.0 million in 2024.
- Increased Shareholder Returns: The Board of Directors announced a quarterly cash dividend increase to $0.29 per share, marking the 52nd consecutive increase, which is expected to be paid on February 19, 2026, enhancing shareholder confidence.
- Improved Asset Quality: As of December 31, 2025, net loans reached $2.62 billion, a 4.8% increase from 2024, indicating robust performance in the lending market, although consumer loans saw a slight decline.
- Stable Capital Ratios: FS Bancorp maintained a total risk-based capital ratio of 14.0%, demonstrating a strong capital foundation under regulatory requirements, ensuring resilience against future market fluctuations.
See More
FS Bancorp Appoints Omeed Salashoor as SVP, Home Lending Director with 35 Years Experience
- Leadership Change: FS Bancorp appoints Omeed Salashoor as SVP and Director of Home Lending, leveraging over 35 years of mortgage banking experience, which is expected to enhance the bank's lending performance and strengthen its market position.
- Customer Relationship Focus: Salashoor emphasizes a customer-centric service approach aimed at building long-term relationships, which will likely drive business growth and increase the bank's community impact.
- Community Engagement: Salashoor actively participates in community service, particularly with the Salvation Army and local children's summer camps, reflecting the bank's commitment to community responsibility and potentially attracting more customer support.
- Strategic Alignment: Salashoor's values align closely with FS Bancorp's community banking philosophy, which is expected to drive further development in responsible home lending, addressing customer needs for housing loans.
See More
FS Bancorp, Inc. Announces $9.2 Million Net Income for Third Quarter, Equivalent to $1.18 Per Diluted Share, and Declares 51st Straight Quarterly Cash Dividend
Financial Performance: FS Bancorp reported a net income of $9.2 million for Q3 2025, a decrease from $10.3 million in the same quarter last year, with year-to-date net income at $24.9 million compared to $27.6 million in 2024.
Dividend Announcement: The Board of Directors approved a cash dividend of $0.28 per common share, marking the 51st consecutive quarterly dividend, to be paid on November 20, 2025.
Deposit and Loan Growth: Total deposits increased by 5.2% to $2.69 billion from the previous quarter, while loans receivable rose by 0.7% to $2.60 billion, driven by growth in commercial and speculative construction loans.
Credit Quality and Expenses: The provision for credit losses increased to $2.3 million in Q3 2025, reflecting net loan growth and higher charge-off activity, while total noninterest income decreased to $5.6 million due to lower service charges and gains on sales.
See More
