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Sound Financial Bancorp Inc - SFBC STOCK NEWS

Welcome to our dedicated news page for Sound Financial Bancorp (Ticker: SFBC), a resource for investors and traders seeking the latest updates and insights on Sound Financial Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sound Financial Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sound Financial Bancorp's position in the market.

Rhea-AI Summary
Sound Financial Bancorp, Inc. (SFBC) announced a new stock repurchase program, authorizing the purchase of up to $1.5 million of the Company’s common stock over 12 months. The Board also approved management to enter into trading plans to facilitate repurchases. The new program does not obligate the Company to acquire any specific number of shares in any period and may be expanded, extended, modified, or discontinued at any time.
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Sound Financial Bancorp, Inc. reported a net income of $1.2 million for Q4 2023, with diluted earnings per share of $0.47. The company declared a cash dividend of $0.19 per share. Total assets decreased by 3.4% to $995.2 million. Net interest income decreased by 7.4% to $7.6 million. Loans held-for-portfolio increased by 2.2% to $894.5 million. Total deposits decreased by 4.0% to $826.5 million. Nonperforming loans increased by 101.8% to $3.6 million. Operating expenses decreased by 5.2% to $7.3 million.
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Laura Lee Stewart, president and CEO of Sound Community Bank, has been elected to the Head Office Board of Directors of the Federal Reserve Bank of San Francisco. She brings over 40 years of banking experience and has been recognized with prestigious awards. Sound Community Bank, a subsidiary of Sound Financial Bancorp, Inc. (NASDAQ: SFBC), serves 25,000 households and businesses in the Greater Puget Sound area.
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Sound Financial Bancorp, Inc. reports Q3 2023 net income of $1.2 million, a decrease from previous quarters. The company declares a cash dividend of $0.19 per share. Total assets and deposits increase, while net interest income and NIM decrease. Loans held-for-portfolio and nonperforming loans show slight increases.
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Laurie Stewart, President and CEO of Sound Community Bank, named one of 2023’s 'Most Powerful Women to Watch' by American Banker Magazine. Stewart led the bank's conversion from a $38 million credit union to a $1 billion publicly traded commercial bank. She has served on advisory boards and received numerous awards and recognitions.
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Sound Financial Bancorp, Inc. extends its stock repurchase program until January 31, 2024. The program has repurchased 82,534 shares of common stock at a cost of $3.1 million, with $0.9 million remaining for future repurchases.
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Sound Financial Bancorp Inc

Nasdaq:SFBC

SFBC Rankings

SFBC Stock Data

103.77M
1.50M
16.85%
42.52%
0.07%
Savings Institutions
Finance and Insurance
Link
United States
Seattle

About SFBC

sound community bank is a state-chartered commercial bank headquartered in seattle, washington. we offer a variety of banking services for consumers and small businesses, including mortgage, commercial and consumer loans, checking, savings, money market accounts and certificates of deposit.