Welcome to our dedicated page for Sound Finl Bancorp news (Ticker: SFBC), a resource for investors and traders seeking the latest updates and insights on Sound Finl Bancorp stock.
Sound Financial Bancorp Inc (SFBC) provides trusted community banking services through Sound Community Bank in Seattle. This news hub offers investors and stakeholders centralized access to official announcements and financial developments.
Track SFBC's strategic initiatives through verified press releases covering earnings reports, loan portfolio updates, regulatory filings, and leadership changes. Our curated collection ensures timely updates on mortgage rate adjustments, commercial lending programs, and deposit service enhancements.
Key news categories include quarterly financial results, new branch openings, product launches for small businesses, and community reinvestment initiatives. All content is sourced directly from company filings and official communications to ensure accuracy.
Bookmark this page for streamlined monitoring of SFBC's operational milestones in consumer lending, risk management practices, and regional economic partnerships. Check regularly for updates that could impact your understanding of this community-focused financial institution.
Sound Financial Bancorp reported Q1 2025 net income of $1.2 million ($0.45 per diluted share), compared to $1.9 million in Q4 2024 and $770,000 in Q1 2024. The company declared a $0.19 per share cash dividend, payable May 23, 2025.
Key financial highlights:
- Total assets increased 7.6% to $1.07 billion
- Net interest margin improved to 3.25%
- Total deposits grew 8.7% to $910.3 million
- Loans-to-deposits ratio at 98%
The bank released $203,000 in credit loss provisions and maintained "well-capitalized" status. While nonperforming loans increased by 28.9% to $9.7 million, management noted that 83% of these are concentrated in just four well-secured loans. The bank focused on lowering deposit costs and originating higher-rate loans, resulting in improved net interest margin despite ongoing economic uncertainty.
Sound Financial Bancorp (NASDAQ: SFBC) has announced its upcoming annual shareholders meeting, scheduled for Tuesday, May 27, 2025. The company has set March 31, 2025 as the record date for determining shareholders eligible to vote at the meeting.
Sound Financial Bancorp (SFBC) reported Q4 2024 net income of $1.9 million ($0.74 diluted EPS), compared to $1.2 million ($0.45 EPS) in Q3 2024 and $1.2 million ($0.47 EPS) in Q4 2023. The Board declared a $0.19 per share cash dividend, payable February 26, 2025.
Key Q4 2024 highlights include:
- Net interest margin increased 15 basis points to 3.13%
- Total assets decreased 9.7% to $993.6 million
- Net interest income rose 4.4% to $8.2 million
- Nonperforming loans decreased 11.8% to $7.5 million
- Total deposits decreased 9.9% to $837.8 million
- Loans-to-deposits ratio was 108%
The Bank maintained well-capitalized status and reduced deposit costs by 16 basis points. Management highlighted their successful balance sheet strategy to keep assets below $1 billion for operational flexibility and cost savings in 2025.
Sound Financial Bancorp (NASDAQ: SFBC) reported Q3 2024 net income of $1.2 million, or $0.45 diluted EPS, up from $795,000 ($0.31 EPS) in Q2 2024. The company declared a $0.19 per share cash dividend. Total assets increased 2.4% to $1.10 billion, with loans surpassing $900 million for the first time. Net interest margin improved to 2.98% from 2.92% in Q2. Total deposits grew 2.6% to $930.2 million. Nonperforming loans decreased 4.7% to $8.5 million, though up significantly from $1.8 million year-over-year.
Laurie Stewart, President and CEO of Sound Community Bank, has been named one of American Banker's Most Powerful Women to Watch in 2024. This recognition is part of the 22nd anniversary of American Banker's The Most Powerful Women in Banking™ program, which honors exceptional leadership, business performance, and commitment to diversity, equity, and inclusion in financial services.
Stewart, who recently celebrated 34 years with Sound Community Bank, led the organization's transformation from a $38 million credit union to a $1 billion publicly traded commercial bank. Her extensive industry involvement includes serving on the FDIC Community Bank Advisory Board, chairing the WBA and ABA's Governmental Affairs Committee, and becoming the third woman to chair the American Bankers Association Board of Directors in nearly 150 years.
The honorees will be recognized at THE MOST POWERFUL WOMEN IN BANKING Gala on October 24, 2024, in New York City.
Sound Financial Bancorp, holding company for Sound Community Bank, reported Q2 2024 net income of $795 thousand or $0.31 per diluted share, a slight increase from Q1 2024's $770 thousand or $0.30 per share, but a significant drop from Q2 2023's $2.9 million or $1.11 per share. The board declared a $0.19 per share dividend, payable on August 23, 2024. Total assets decreased by $11.8 million to $1.07 billion. Net interest income fell to $7.4 million, down 14.8% from the previous year. Noninterest income increased by 6.0% to $1.2 million quarter-over-quarter but dropped by 38.6% year-over-year. Total deposits decreased by $10.1 million to $906.8 million. Nonperforming loans fell slightly from $9.1 million to $8.9 million. The allowance for credit losses on loans was steady at 0.96%. The company's net interest margin decreased to 2.92% from 3.71% a year ago.
Sound Financial Bancorp, Inc. reported Q1 2024 net income of $770 thousand, with a diluted EPS of $0.30. Total assets increased to $1.09 billion, while net interest income decreased. The company declared a cash dividend of $0.19 per share. Nonperforming assets increased, but the Bank maintained capital levels above regulatory requirements.
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