On this page of StockholderLetter.com we present the latest annual shareholder letter from FS Bancorp, Inc. — ticker symbol FSBW. Reading current and past FSBW letters to shareholders can bring important insights into the investment thesis.
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• 
4/6/2026 Letter Continued (Full PDF)
•
4/7/2025 FSBW Stockholder Letter
• More "Banking & Savings" Category Stockholder Letters
•
FSBW Benford's Law Stock Score = 97
4/6/2026 Letter Continued (Full PDF)
•
4/7/2025 FSBW Stockholder Letter•
More "Banking & Savings" Category Stockholder Letters•
FSBW Benford's Law Stock Score = 97FSBW Shareholder/Stockholder Letter Transcript:
UVUW ;XXYZ[ B\]^_`
HIJKJLIJM NO1PIQRQ ST
01234 64 78984 6 8 78 43 8 92
64 9 4 24 4 4 93
& &, )* /0 +*1 2$ * , )" )$- )&0 / $! -!)3 -0$ /)!+'
*+% * "!+)* # - $)+(" , (0 $ $ % & 4)!& *$)! / ( # )* 0'1 503 "!+6
- ) %!/ 07 $ (+ !4 $) $0 / )"$ 0 / (0$$( ,0$ &!) (03 4 &0(" ) $ )
$ & 30 / )"$ 0 / ,!+$ $ ( *$ 0%3 (18
9:;<= ;<9 9=;<<= ?;<9@A=BC
5 #* )3 D+ (0$" E!& *6 F!&& )%0 ( G 30 / F+*$!& )
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./01/0234 267
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4/6/2026 Letter Continued (Full PDF)
FSBW Stockholder/Shareholder Letter (FS Bancorp, Inc.) | www.StockholderLetter.com
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