Sound Financial Bancorp, Inc. Q4 2024 Results
Financial Performance: Sound Financial Bancorp, Inc. reported a net income of $1.9 million for Q4 2024, an increase from the previous quarter and year, with a cash dividend declared. The bank experienced a decrease in total assets and deposits but improved net interest income and margin due to lower funding costs.
Credit Quality and Management: The company saw a significant reduction in nonperforming loans and maintained a well-capitalized status, with effective management of credit loss provisions and expenses, despite challenges in sustaining net interest income and margins.
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Sound Financial Bancorp Reports Q4 Earnings
- Earnings Performance: Sound Financial Bancorp reported a Q4 GAAP EPS of $0.87, indicating stability in profitability despite facing market challenges.
- Revenue Overview: The company recorded revenue of $9.53 million, demonstrating resilience in the current economic environment, even though overall revenue fell short of expectations.
- Cost Control Measures: A reduction in incentive compensation led to a $726,000 decrease in salaries and benefits, which helps improve overall profit margins and optimize resource allocation.
- Regulatory Fee Reduction: A $274,000 decrease in regulatory assessments reflects lower-than-expected examination costs and reduced quarterly assessments due to a lower average asset balance, further alleviating the company's financial burden.
Sound Financial Bancorp Reports Increased Q4 Profit
- Profit Growth: Sound Financial Bancorp's Q4 net profit reached $2.25 million, with earnings per share at $0.87, significantly up from last year's $1.92 million and $0.74, indicating improved profitability.
- Revenue Increase: The company's Q4 revenue was $9.53 million, a 1.6% rise from $9.38 million last year, reflecting business stability and ongoing market demand support.
- Financial Performance Comparison: Both earnings per share and net profit showed significant growth compared to last year, demonstrating effective strategies in cost control and revenue enhancement.
- Investor Confidence Boost: The growth in profit and revenue may enhance investor confidence in Sound Financial Bancorp, potentially driving its performance in the financial markets.
Sound Financial Bancorp Inc. Reports Increase in Q3 Earnings
Earnings Growth: Sound Financial Bancorp Inc. reported a profit of $1.69 million for the third quarter, an increase from $1.15 million in the same period last year.
Earnings Per Share: The earnings per share (EPS) rose to $0.66, compared to $0.45 in the previous year.
Revenue Increase: The company's revenue grew by 13.6%, reaching $8.94 million, up from $7.87 million last year.
Financial Summary: Key financial figures include earnings of $1.69 million, EPS of $0.66, and revenue of $8.94 million, all showing positive growth compared to the previous year.
Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Will Pay A US$0.19 Dividend In Four Days
Dividend Eligibility: Investors interested in Sound Financial Bancorp, Inc. must purchase shares before May 9 to qualify for a dividend of US$0.19 per share, payable on May 23. The company has a low payout ratio of 29%, indicating potential sustainability of dividends despite a decline in earnings per share over the past five years.
Investment Considerations: While the company's historical dividend growth is promising, the recent drop in earnings per share raises concerns about future dividend stability. Potential investors are advised to monitor the company's performance closely and consider other risks before making investment decisions.
Sound Financial Bancorp, Inc. Q1 2025 Results
Sound Financial Bancorp Inc. Reports Advance In Q1 Profit
Earnings Report: Sound Financial Bancorp Inc. reported a first-quarter earnings increase to $1.17 million, or $0.45 per share, compared to $0.77 million, or $0.30 per share, from the previous year.
Financial Performance: The company's earnings reflect significant growth year-over-year, showcasing improved financial performance in the current fiscal period.
Sound Financial Bancorp Reports Q4 Earnings
- Earnings Performance: Sound Financial Bancorp reported a Q4 GAAP EPS of $0.87, indicating stability in profitability despite facing market challenges.
- Revenue Overview: The company recorded revenue of $9.53 million, demonstrating resilience in the current economic environment, even though overall revenue fell short of expectations.
- Cost Control Measures: A reduction in incentive compensation led to a $726,000 decrease in salaries and benefits, which helps improve overall profit margins and optimize resource allocation.
- Regulatory Fee Reduction: A $274,000 decrease in regulatory assessments reflects lower-than-expected examination costs and reduced quarterly assessments due to a lower average asset balance, further alleviating the company's financial burden.
Sound Financial Bancorp Reports Increased Q4 Profit
- Profit Growth: Sound Financial Bancorp's Q4 net profit reached $2.25 million, with earnings per share at $0.87, significantly up from last year's $1.92 million and $0.74, indicating improved profitability.
- Revenue Increase: The company's Q4 revenue was $9.53 million, a 1.6% rise from $9.38 million last year, reflecting business stability and ongoing market demand support.
- Financial Performance Comparison: Both earnings per share and net profit showed significant growth compared to last year, demonstrating effective strategies in cost control and revenue enhancement.
- Investor Confidence Boost: The growth in profit and revenue may enhance investor confidence in Sound Financial Bancorp, potentially driving its performance in the financial markets.
Sound Financial Bancorp Inc. Reports Increase in Q3 Earnings
Earnings Growth: Sound Financial Bancorp Inc. reported a profit of $1.69 million for the third quarter, an increase from $1.15 million in the same period last year.
Earnings Per Share: The earnings per share (EPS) rose to $0.66, compared to $0.45 in the previous year.
Revenue Increase: The company's revenue grew by 13.6%, reaching $8.94 million, up from $7.87 million last year.
Financial Summary: Key financial figures include earnings of $1.69 million, EPS of $0.66, and revenue of $8.94 million, all showing positive growth compared to the previous year.
Sound Financial Bancorp, Inc. (NASDAQ:SFBC) Will Pay A US$0.19 Dividend In Four Days
Dividend Eligibility: Investors interested in Sound Financial Bancorp, Inc. must purchase shares before May 9 to qualify for a dividend of US$0.19 per share, payable on May 23. The company has a low payout ratio of 29%, indicating potential sustainability of dividends despite a decline in earnings per share over the past five years.
Investment Considerations: While the company's historical dividend growth is promising, the recent drop in earnings per share raises concerns about future dividend stability. Potential investors are advised to monitor the company's performance closely and consider other risks before making investment decisions.
Sound Financial Bancorp, Inc. Q1 2025 Results
Sound Financial Bancorp Inc. Reports Advance In Q1 Profit
Earnings Report: Sound Financial Bancorp Inc. reported a first-quarter earnings increase to $1.17 million, or $0.45 per share, compared to $0.77 million, or $0.30 per share, from the previous year.
Financial Performance: The company's earnings reflect significant growth year-over-year, showcasing improved financial performance in the current fiscal period.
