Sound Financial Bancorp, Inc. Reports Net Income of $3.5 Million for Fourth Quarter 2020
Rhea-AI Summary
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.
Positive
- Net income increased to $3.5 million for Q4 2020, up from $2.3 million in Q3 2020.
- Diluted earnings per share rose to $1.34, compared to $0.90 in Q3 2020 and $0.72 in Q4 2019.
- Declared a regular cash dividend of $0.17 and a special cash dividend of $0.10 per share.
Negative
- None.
News Market Reaction – SFBC
In the trading session that priced this news, SFBC gained 1.66%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SEATTLE, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (Nasdaq: SFBC), the parent company of Sound Community Bank, issued press releases announcing fourth quarter 2020 financial results and declaring dividends. The Company reported net income of
A copy of the press releases can be accessed online at -
https://www.sec.gov/Archives/edgar/data/1541119/000154111921000002/0001541119-21-000002-index.htm
https://www.sec.gov/Archives/edgar/data/1541119/000154111921000004/0001541119-21-000004-index.htm
Category: Earnings
| Media: | Financial: | ||
| Laurie Stewart | Daphne Kelley | ||
| President/CEO | EVP/CFO | ||
| (206) 448-0884 x306 | (206) 448-0884 x305 |