FS Bancorp reported a fourth-quarter net income of $7.4 million, or $0.92 per diluted share, compared to $9.8 million, or $1.23 per diluted share, for the comparable quarter one year ago. The decrease in net income was primarily due to a $420,000 tax benefit recorded during the preceding quarter, compared to a $2.5 million tax provision recorded for the fourth quarter of 2024. Despite economic volatility, the company surpassed $3 billion in total assets through organic loan growth and increased its quarterly cash dividend by $0.01 to $0.28 per common share.