Sound Finl Bancorp Inc Stock Price, News & Analysis

Sound Community Bank has appointed four new Residential Loan Officers: Shanna Frazer, Ken Wenglewski, Casey Hendrickson, and Saundra Gregory. Frazer and Wenglewski will serve at the University Place Branch, with Frazer bringing over 8 years and Wenglewski over 20 years of experience in the financial industry. Hendrickson and Gregory join the Madison Park Home Loan Office in Seattle, with Hendrickson having over 10 years of sales management experience and Gregory over 20 years in finance. Sound Community Bank operates throughout the greater Puget Sound region and is a subsidiary of Sound Financial Bancorp (NASDAQ: SFBC).

Sound Financial Bancorp (NASDAQ:SFBC) announced a new stock repurchase program effective April 29, 2021, allowing for the repurchase of up to $2.0 million of its outstanding shares. This follows the expiration of the previous program and is set to last up to six months or until completion. The Board authorized management to enter a Rule 10b5-1 trading plan with Keefe, Bruyette & Woods to facilitate this process, enabling trades even during blackouts. The timing and number of shares repurchased will depend on market conditions and other factors.

Sound Financial Bancorp (Nasdaq: SFBC) reported a net income of $2.5 million for Q1 2021, equating to $0.93 diluted earnings per share. This marks a decrease from $3.5 million ($1.34 per share) in Q4 2020 and an increase from $1.0 million ($0.38 per share) in Q1 2020. The Board declared a cash dividend of $0.17 per share, payable on May 24, 2021, to stockholders of record by May 10, 2021. The financial results highlight both the current performance and the company’s commitment to returning value to shareholders through dividends.

Sound Community Bank has appointed Amy Row as a Commercial Loan Officer, bringing over 30 years of extensive banking experience. Her expertise spans retail to commercial banking, with a focus on commercial real estate and commercial & industrial (C&I) sectors. Row possesses multiple certifications in areas including commercial lending and compliance. Sound Community Bank operates throughout the greater Puget Sound region and is a subsidiary of Sound Financial Bancorp (NASDAQ: SFBC).

Sound Financial Bancorp, Inc. (Nasdaq: SFBC) has declared a regular quarterly cash dividend of $0.17 per share and a special cash dividend of $0.10 per share. These dividends are set to be paid on February 24, 2021 to stockholders of record as of February 10, 2021. The company's strong capital position supports this decision, reflecting confidence in their financial performance despite ongoing challenges.

Sound Financial Bancorp (Nasdaq: SFBC) reported a net income of $3.5 million for Q4 2020, translating to $1.34 diluted earnings per share. This reflects an increase from $2.3 million or $0.90 per share in Q3 2020 and $1.9 million or $0.72 per share in Q4 2019. The Board of Directors declared a quarterly cash dividend of $0.17 per share and a special cash dividend of $0.10 per share, payable on February 24, 2021, to shareholders on record by February 10, 2021.

Sound Financial Bancorp reported a net income of $2.3 million for Q3 2020, reflecting an increase from $2.1 million in Q2 2020 and $1.5 million in Q3 2019. Diluted EPS rose to $0.90. The Board declared a $0.15 cash dividend per share, payable on November 24, 2020. Total assets decreased by 0.5% to $867.4 million, while deposits increased by 7.9% to $748.9 million. The company issued $12 million in subordinated debt, supporting capital levels categorized as "well-capitalized." Net interest income fell 3.4% to $6.7 million.

Sound Financial Bancorp (NASDAQ:SFBC) announced a stock repurchase program allowing up to $2 million in buybacks over six months, starting October 28, 2020. The decision reflects the Board's confidence in the company’s current stock price and strong capital position of its subsidiary, Sound Community Bank. A trading plan with Keefe, Bruyette & Woods will facilitate these repurchases. The number of shares bought will depend on market conditions and is not obligatory to a specific amount.

Sound Community Bank's Laurie Stewart has been recognized as one of the 2020 Most Powerful Women in Banking by American Banker, marking her sixth acknowledgment since 2011. Stewart, with over 30 years in banking, has led the bank's transformation from a credit union to a commercial bank with assets exceeding $871 million. This year’s honorees were celebrated for their leadership amid challenges in the industry. The full list of honorees is available on American Banker’s website, and a virtual event will showcase their insights and experiences.