Monitor the next quarterly filing for integration cost details and accretion/dilution impact. The deal is small relative to FS Bancorp's $318M market cap, so near-term stock movement is likely muted unless cost savings or revenue synergies are quantified.
Price Chart
Executive Summary
FS Bancorp completed its acquisition of Pacific West Bancorp for aggregate consideration of 430,176 shares of FS Bancorp common stock and $16.8 million in cash. The deal expands FS Bancorp's presence in Oregon and is expected to integrate Pacific West Bank into its 1st Security Bank subsidiary. The transaction is a strategic bolt-on for a $318M market cap bank, but the financial terms relative to FS Bancorp's size and the lack of disclosed deal premium or synergy targets limit the immediate market impact.
Key Financial Metrics
Key Facts
- FS Bancorp completed the acquisition of Pacific West Bancorp effective August 19, 2026.
- Consideration consisted of 430,176 shares of FS Bancorp common stock and $16,832,742 in cash.
- The deal expands FS Bancorp's Oregon footprint via the merger of Pacific West Bank into 1st Security Bank of Washington.
- No financial details on deal premium, cost savings, or synergy targets were disclosed.
Financial Impact
Total consideration of 430,176 shares (value ~$13.7M based on $31.86/share market cap) plus $16.8M cash, totaling approximately $30.5M. No premium or synergy figures provided.
Risk Factors
- Integration costs may exceed expectations and pressure near-term earnings.
- Expected cost savings and synergies may not materialize within the projected timeframe.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3348447 |
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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