UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                            Washington, DC 20549



                                  FORM 8-K

                               CURRENT REPORT

  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


     Date of Report (Date of earliest event reported): October 23, 2003


                             ASB FINANCIAL CORP.
           ------------------------------------------------------
           (Exact name of registrant as specified in its charter)



            Ohio                 0-25906                  31-1429488
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(State or other jurisdiction   (Commission    (IRS Employer Identification No.)
      of incorporation)        File Number)


               503 Chillicothe Street, Portsmouth, Ohio  45662
             ---------------------------------------------------
             (Address of principal executive offices) (Zip Code)


     Registrant's telephone number, including area code: (740) 354-3177
                                                         --------------


       _______________________________________________________________
        (Former name or former address, if changed since last report)





                                  FORM 8-K
                                  --------


Item 7.     Financial Statements and Exhibits.
- ------      ---------------------------------

            (a) and (b). Not applicable.

            (c)   Exhibits.

                  See Index to Exhibits.

Item 12.    Results of Operations and Financial Condition.
- -------     ---------------------------------------------

            On October 23, 2003, ASB Financial Corp. issued a press release
regarding its earnings for the quarter ended September 30, 2003. The press
release is attached as Exhibit 99 hereto and incorporated herein by
reference.





                                 SIGNATURES
                                 ----------

      Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                       ASB FINANCIAL CORP.



                                       By: /s/ Robert M. Smith
                                           -------------------------------
                                           Robert M. Smith
                                           President

Date: October 24, 2003





                              INDEX TO EXHIBITS
                              -----------------


Exhibit Number                            Description
- --------------                            -----------

      99          Press Release of ASB Financial Corp. dated October 23, 2003