Sound Financial Bancorp, Inc. Reports Net income of $2.1 million for Second Quarter 2020
Rhea-AI Summary
Sound Financial Bancorp (NASDAQ: SFBC) reported a net income of $2.1 million for the second quarter of 2020, equating to $0.82 diluted earnings per share, a significant increase from $1.0 million or $0.38 per share in the prior quarter. Year-over-year, the earnings improved from $1.8 million or $0.71 per share. The Board of Directors declared a cash dividend of $0.15 per share, payable on August 19, 2020, to stockholders of record by August 5, 2020.
Positive
- Net income increased to $2.1 million in Q2 2020 from $1.0 million in Q1 2020.
- Earnings per share rose to $0.82, reflecting stronger financial performance year-over-year.
- Declared a cash dividend of $0.15 per share, indicating shareholder value enhancement.
Negative
- None.
News Market Reaction – SFBC
In the trading session that priced this news, SFBC declined 0.04%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SEATTLE, July 24, 2020 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ: SFBC), the parent company of Sound Community Bank, issued a press release announcing second quarter 2020 financial results. The Company reported net income of
A copy of the press release can be accessed online at: https://www.sec.gov/Archives/edgar/data/1541119/000154111920000032/a6302020earningsreleas.htm
| Media: | Financial: | ||
| Laurie Stewart | Daphne Kelley | ||
| President/CEO | EVP/CFO | ||
| (206) 448-0884 x306 | (206) 448-0884 x305 |