FS Bancorp (FSBW) investor relations material

Strategic vision and leadership

• Focus on building a great workplace and banking experience, guided by core values and a mission to 'WOW' customers and employees daily.

• Leadership team with deep industry experience, including CEO with 22 years at the bank and several executives with over 20 years in banking.

• Emphasis on collaboration, best ideas, and disciplined credit culture with robust oversight and risk management.

Franchise and growth profile

• Total assets reached $3.20 billion as of March 31, 2026, with 29 branches and 16 loan production offices across Washington and Oregon.

• Asset growth driven by acquisitions and organic expansion, including a recent whole-bank merger with Pacific West Bancorp announced in 2026.

• Tangible book value per share increased to $40.61, with 53 consecutive quarterly dividends declared.

Financial performance and capital

• Q1 2026 net income was $7.8 million, with diluted EPS of $1.02 and ROAA of 0.99%.

• Net interest margin at 4.31% and efficiency ratio at 67.25% for Q1 2026.

• Nonperforming assets at 0.57% of total assets, with allowance for credit losses at 1.22% of gross loans.

• $3.6 million remaining under the share repurchase plan.