FS Bancorp, Inc. Announces Cash Dividend

MOUNTLAKE TERRACE, Wash., April 30, 2013 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (Nasdaq:FSBW), the holding company for 1st Security Bank of Washington, today announced that its Board of Directors declared a quarterly cash dividend of $.05 per share on the Company's outstanding common stock. The cash dividend will be payable on May 29, 2013 to shareholders of record as of the close of business on May 15, 2013.

"We are pleased with the payment of this initial cash dividend to our shareholders," said Joe Adams, CEO of the Company. "The payment of dividends represents our long-term commitment to enhancing shareholder value and we currently intend to continue paying a quarterly dividend in the future. Of course, future dividends will be dependent on our results of operations, capital position and needs, growth and investment opportunities, regulatory and tax considerations, including the approval of our bank regulators, and general economic conditions."

This press release contains statements that the Company believes are "forward-looking statements." These statements relate to the Company's financial condition, results of operations, plans, objectives, future performance or business and ability to continue paying dividends. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, those identified in our risk factors contained in FS Bancorp, Inc's Annual Report on Form 10-K for the year ended December 31, 2012. Such forward-looking statements speak only as of the date of this release. FS Bancorp, Inc. expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in the Company's expectations of results or any change in events.

CONTACT: Joseph C. Adams Chief Executive Officer Matthew D. Mullet Chief Financial Officer (425) 771-5299 www.FSBWA.comSource:FS Bancorp, Inc.