Monitor upcoming quarterly filings for integration cost details, accretion/dilution estimates, and any guidance revisions. The stock component (~430k shares) creates modest dilution for existing holders, but the cash component is manageable relative to FSBW's $318M market cap.
Price Chart
Executive Summary
FS Bancorp completed its acquisition of Pacific West Bancorp on August 19, 2026, issuing 430,176 shares of common stock and $16,832,742 in cash as aggregate consideration. The deal expands FS Bancorp's Oregon footprint but introduces integration risk and dilution from the stock component of the consideration. No financial performance data or guidance was provided in this filing.
Key Facts
- Acquisition of Pacific West Bancorp completed effective August 19, 2026.
- Aggregate consideration: 430,176 shares of FS Bancorp common stock and $16,832,742 in cash.
- Pacific West Bank merged into 1st Security Bank of Washington, which survived.
- Deal expands FS Bancorp's presence in the greater Portland, Oregon market.
- No financial statements, pro-forma data, or guidance were included in this filing.
Financial Impact
Aggregate consideration of 430,176 shares of FSBW common stock plus $16,832,742 in cash — no revenue, earnings, or cost-synergy figures disclosed.
Risk Factors
- Integration costs or operational disruptions may exceed expectations.
- Stock consideration dilutes existing shareholders by approximately 1.4% based on current market cap.
- No financial projections or cost-synergy targets were disclosed, creating uncertainty around deal economics.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000939057-26-000205 |
| Exhibit: ex99182026.htm | 0000939057-26-000205 |
| Document: 0000939057-26-000205-index-headers.html | 0000939057-26-000205 |
| Document: 0000939057-26-000205-index.html | 0000939057-26-000205 |
| Document: 0000939057-26-000205.txt | 0000939057-26-000205 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $43.88 $43.77 | ▼ −0.25% | ▼ −0.96% | $43.77 (−0.25%) |
Oct 21, 2026 5d ago | 8-K | $44.35 $43.88 | ▲ +1.06% | ▲ +0.54% | $43.77 (+1.31%) |
Oct 21, 2026 5d ago | Press Release | $44.35 $43.88 | ▲ +1.06% | ▲ +0.54% | $43.77 (+1.31%) |
Aug 28, 2026 8w ago | 144 | $42.85 $42.30 | ▼ −1.28% | ▼ −0.98% | $43.77 (+2.15%) |
Aug 24, 2026 9w ago | 8-K | $42.94 $42.73 | ▼ −0.49% | ▼ −0.81% | $43.77 (+1.93%) |
Aug 24, 2026 9w ago | Press Release | $42.94 $42.73 | ▼ −0.49% | ▼ −0.81% | $43.77 (+1.93%) |
Aug 21, 2026 9w ago | 8-K | $42.47 $42.94 | ▲ +1.11% | ▲ +1.40% | $43.77 (+3.06%) |
Aug 20, 2026 9w ago | Press Release | $42.60 $42.47 | ▼ −0.31% | ▼ −0.71% | $43.77 (+2.75%) |
Aug 11, 2026 10w ago | 8-K | $42.61 $43.79 | ▲ +2.77% | ▲ +2.52% | $43.77 (+2.72%) |
Jul 16, 2026 14w ago | EFFECT | $45.27 $44.03 | ▼ −2.74% | ▼ −1.75% | $43.77 (−3.31%) |
US Market Status
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