FS Bancorp Announces New Bank President and CEO

An update from FS Bancorp ( (FSBW) ) is now available.

On August 15, 2025, FS Bancorp announced the appointment of Matthew D. Mullet as President and CEO of 1st Security Bank, effective September 1, 2025. Joseph C. Adams, the current CEO of the Bank, will retire from his position on the same date but will continue as CEO of FS Bancorp until May 2026. This leadership transition is part of a carefully planned succession strategy, with Mullet’s extensive experience in financial services and deep knowledge of the bank’s operations positioning him as a strong leader for the future.

The most recent analyst rating on (FSBW) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on FS Bancorp stock, see the FSBW Stock Forecast page.

Spark’s Take on FSBW Stock

According to Spark, TipRanks’ AI Analyst, FSBW is a Outperform.

FS Bancorp’s strong financial performance and attractive valuation are key strengths, supported by positive corporate events. Technical indicators suggest caution due to bearish momentum.

To see Spark’s full report on FSBW stock, click here.

More about FS Bancorp

FS Bancorp, Inc. is the holding company for 1st Security Bank of Washington, which provides a range of loan and deposit services primarily to small- and middle-market businesses and individuals in Washington and Oregon. The bank operates through 27 branches and focuses on markets in Washington State, including the Puget Sound, Tri-Cities, and Vancouver.

Average Trading Volume: 15,844

Technical Sentiment Signal: Strong Buy

Current Market Cap: $313.4M

For an in-depth examination of FSBW stock, go to TipRanks’ Overview page.