SFBC
Sound Financial Bancorp, Inc.44.90
+0.35+0.79%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
107.22MP/E (TTM)
16.94Basic EPS (TTM)
2.65Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
Sound Financial Bancorp posted solid Q3 results, with net income jumping 46.9% year-over-year to $1.7 million, or $0.66 per diluted share, fueled by net interest income up 13.6% to $8.9 million as loan yields climbed 19 basis points to 5.89% while deposit costs fell 42 basis points to 2.32%. Year-to-date, earnings surged 80.7% to $4.9 million, or $1.90 per share, on a 15.3% rise in net interest income to $26.3 million, though noninterest income dipped 11.3% due to a $551 thousand fair value hit on mortgage servicing rights. Loans grew 1.1% to $901.2 million net, with commercial and multifamily up 10.0%, but nonaccrual loans dropped 63.7% to $2.7 million. Cash swelled 131.8% to $101.2 million, bolstering liquidity alongside $158.9 million in FHLB availability and $25.0 million in borrowings at 4.16%; free cash flow stood at $1.8 million (derived). Post-quarter, $4.0 million of subordinated notes were redeemed. Yet regulatory scrutiny on capital and liquidity persists amid economic shifts.
8-K
Q3 earnings dip, NIM improves
Sound Financial Bancorp reported Q3 2025 net income of $1.7 million, down from $2.1 million in Q2 but up from $1.2 million a year ago, as net interest income rose 13.6% year-over-year to $8.9 million on a 50-basis-point NIM expansion to 3.48%, while noninterest income fell 28.7% due to a $372 thousand mortgage servicing rights valuation hit. Loans grew modestly 0.6% sequentially to $909.7 million amid strong credit quality, with nonperforming loans dropping 19.3% to $2.7 million and a $55 thousand provision. The board declared a $0.19 per share dividend, payable November 21. Credit remains solid.
8-K
Leadership transition announced
Sound Financial Bancorp announced an executive leadership transition on September 18, 2025, effective October 1, 2025, with CEO Laura Lee Stewart stepping down as President but retaining her CEO and director roles amid no disagreements. Wes Ochs, 45, rises from CFO to President while keeping his finance duties, his base salary boosting to $360,000. This succession bolsters continuity in strategy. Risks include implementation challenges.
10-Q
Q2 FY2025 results
Sound Financial Bancorp posted solid Q2 gains, with net income jumping 158% year-over-year to $2.1M, or $0.79 diluted EPS, on net interest income up 24% to $9.3M—driven by loan yields climbing to 6.14% from 5.56% as nonaccrual payoffs and variable-rate resets kicked in, while deposit costs eased to 2.34%. Year-to-date, earnings doubled to $3.2M, or $1.24 per share, with net interest margin expanding 53 basis points to 3.47%; non-GAAP metrics not disclosed in the 10-Q. Cash swelled to $102.5M, bolstering liquidity alongside $161M in FHLB availability, against steady $25M borrowings and $11.8M subordinated notes. Loans ticked up 0.5% to $895.8M net, with nonperformers dropping 55% to 0.37% of total. Yet regulatory scrutiny on capital and lending standards lingers as a key watchpoint.
8-K
Q2 earnings surge, dividend declared
Sound Financial Bancorp reported Q2 2025 net income of $2.1 million, up from $1.2 million in Q1, fueled by 15% net interest income growth to $9.3 million and a NIM expansion to 3.67%. Loan portfolio rose 2% to $904.3 million amid resolved nonaccrual loans slashing nonperformers 65% to $3.4 million, though a $170 thousand provision reflects portfolio expansion. The board declared a $0.19 per share dividend, payable August 25. Credit quality sharpened.
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