FS Bancorp, Inc. Authorizes Share Repurchase Program
FS Bancorp, Inc. announced that its Board of Directors authorized a share repurchase program of up to $5.0 million of the Company's outstanding common stock. Repurchases may occur in the open market or in privately negotiated transactions over a 12-month period through August 24, 2027, and will commence no sooner than the second trading day after the announcement.
Why it matters — FSBW watchers would care because the buyback authorization signals the board's intention to return capital to shareholders and could reduce the number of outstanding shares over the next year.