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FS Bancorp ups dividend by 3 cents

The board of FSBancorp Inc. approved a cash dividend of 10 cents per share, up fromthe previous 7 cents per share.

It will be paid out May 25 to the Mountlake Terrace, Wash.-basedcompany's shareholders of record as of May 11.

The information was disclosed in FS Bancorp's first-quarter earningsrelease. On April 28, it reported net income of $1.7 million, or 55 cents per share,for the three months ended March 31. In the year-ago period, net income was $2.1million, or 70 cents per share.

During the first quarter, FS Bancorp closed its acquisition of four Bank of America NA branches. It also repurchased 98,000 ofits shares at an average price of $24.57 per share.