FS Bancorp reported FY 2025 net income of USD 33.3 million, down 5% from the prior year. Net interest income rose 6% to USD 130.41 million, and net interest margin increased 3 basis points to 4.33%. Provision for credit losses was USD 9.5 million, up 73%, driven by loan portfolio growth, higher nonperforming loans and higher net charge-offs. Noninterest expense increased 5% to USD 102.02 million, primarily due to higher salaries and benefits tied to merit increases, higher benefits costs and higher headcount. Total deposits increased 14% to USD 2.67 billion, reflecting a USD 219.2 million net increase in brokered deposits, while borrowings fell 58% to USD 129.3 million as higher-cost borrowings were repaid with brokered deposits.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FS Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-008243), on March 13, 2026, and is solely responsible for the information contained therein.