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): May 1, 2003


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



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

                 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 9.         Regulation FD Disclosure.

                The following information is being furnished under Item 12 of
Form 8-K, "Disclosure of Results of Operations and Financial Condition":

                On May 1, 2003, ASB Financial Corp. issued a press release
regarding its earnings for the quarter ended March 31, 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: May 6, 2003





                                INDEX TO EXHIBITS




     Exhibit Number                       Description
     --------------                       -----------
                      
           99            Press Release of ASB Financial Corp. dated May 1, 2003