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SFBC

Sound Financial Bancorp, Inc.

SFBC

Sound Financial Bancorp, Inc. • NASDAQ
$44.17 ▼ -0.12% (-0.06)
Market Cap $112.81 M
52w High $55.85
52w Low $43.80
Dividend Yield 0.76%
P/E 16.67
Volume 170
Outstanding Shares 2.55M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $0 ▼ 0% ▼ $0.66 ▼ $0 ▼
Q2-2025 $16.026M ▲ $7.656M ▼ $2.052M ▲ 12.804% ▲ $0.8 ▲ $2.917M ▲
Q1-2025 $14.801M ▼ $7.911M ▲ $1.167M ▼ 7.885% ▼ $0.45 ▼ $1.847M ▼
Q4-2024 $15.918M ▼ $7.078M ▼ $1.921M ▲ 12.068% ▲ $0.75 ▲ $2.689M ▲
Q3-2024 $16.073M $7.679M $1.154M 7.18% $0.45 $1.802M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $1.06B ▲ $952.713M ▲ $107.45M ▲
Q2-2025 $104.849M ▼ $1.058B ▼ $952.238M ▼ $106.004M ▲
Q1-2025 $139.183M ▲ $1.069B ▲ $964.755M ▲ $104.431M ▲
Q4-2024 $51.431M ▼ $993.633M ▼ $889.967M ▼ $103.666M ▲
Q3-2024 $156.962M $1.101B $998.691M $102.239M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.695M ▼ $3.798M ▲ $-4.179M ▲ $-1.005M ▲ $-1.386M ▲ $3.86M ▲
Q2-2025 $2.052M ▲ $-494K ▼ $-17.083M ▼ $-11.375M ▼ $-28.952M ▼ $-518K ▼
Q1-2025 $1.167M ▼ $1.852M ▲ $13.923M ▲ $72.078M ▲ $87.853M ▲ $1.814M ▲
Q4-2024 $1.921M ▲ $153K ▼ $1.752M ▲ $-107.194M ▼ $-105.289M ▼ $127K ▼
Q3-2024 $1.155M $3.275M $-12.397M $22.941M $13.819M $3.234M

Revenue by Products

Product Q1-2020Q2-2020Q3-2020Q4-2020
Account Maintenance Fees
Account Maintenance Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Credit Card and Interchange Fees
Credit Card and Interchange Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
DebitATM Interchange Fees
DebitATM Interchange Fees
 $0 ▲$0 ▲$0 ▲$0 ▲
Transactionbased and Overdraft Service Charges
Transactionbased and Overdraft Service Charges
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Sound Financial Bancorp’s revenue and core banking income have been steady over the past five years, with only modest growth. Profitability, however, has softened: earnings per share climbed through 2021–2022, then slid, with 2024 showing much weaker bottom-line results despite fairly stable revenue. That pattern suggests rising costs or margin pressure, possibly from higher funding costs, technology investments, or higher credit-related expenses. Overall, the income statement shows a franchise that has generated consistent profits historically, but is now working through a tougher earnings environment.

Balance Sheet

Balance Sheet The balance sheet shows gradual growth in total assets and a steadily built equity base, consistent with a cautious, long-term approach. Cash levels were relatively high a few years ago but have since been drawn down, likely to support loan growth or securities, leaving a thinner immediate liquidity cushion than before. Debt remains a small part of the capital structure but has crept up from earlier years, which bears watching if funding costs stay elevated. In general, the bank appears reasonably well-capitalized, but with less excess liquidity than it once had and slightly more reliance on borrowed funds.

Cash Flow

Cash Flow Cash generation from operations has been positive in most years, but it dipped to very low levels in 2024, echoing the weaker earnings picture. Free cash flow largely mirrors operating cash flow, since capital spending is modest for a bank of this size, pointing to a business that does not require heavy reinvestment in physical assets. The pattern suggests that when profitability is healthy, cash builds reliably, but when margins tighten or loan and deposit flows shift, cash can quickly become constrained. Monitoring the consistency of operating cash flow will be important to gauge how well the bank is managing through changing interest-rate and credit conditions.

Competitive Edge

Competitive Edge Sound Financial Bancorp operates as a community-focused regional bank with deep roots in the Puget Sound area, giving it strong local relationships and a reputation for service that large national banks often lack. Its competitive edge comes from personalized lending, community involvement, and tailored products for small and mid-sized businesses and niche borrowers. At the same time, it faces stiff competition from larger banks with broader product sets and from digital-first players that can compete on price and convenience. The bank’s concentrated geographic footprint and focus on specialized segments create both a defensible niche and exposure to local economic swings.

Innovation and R&D

Innovation and R&D Although not a pure fintech player, the bank has invested meaningfully in digital banking tools, online and mobile services, and small-business solutions such as integrated invoicing and payments. These initiatives aim to streamline operations and make the bank more attractive to time-pressed business owners, even if they temporarily lift operating costs. The bank also innovates in products, including flexible mortgage solutions and specialized accounts for underserved industries like cannabis, which can deepen loyalty but also add regulatory and risk complexity. Future progress will likely come from incremental technology upgrades, selective fintech partnerships, and continued refinement of niche offerings rather than from disruptive, high-risk bets.

Summary

Overall, Sound Financial Bancorp looks like a traditional community bank that has modernized enough to stay relevant, but is feeling current industry pressures on profitability and funding. Earnings and cash flow were solid through most of the recent period, then weakened noticeably in the latest year, suggesting a need to carefully manage costs, pricing, and credit quality. The balance sheet appears sound, with measured growth and reasonable capital, but somewhat reduced liquidity and slightly higher reliance on debt than before. Strategically, the bank’s strength lies in its community presence, niche products, and thoughtful use of technology, while key risks revolve around its regional concentration, exposure to specialized markets, and its ability to maintain margins in a more competitive and rate-sensitive environment.

NEWS

October 28, 2025 · 4:54 PM UTC

Sound Financial Bancorp, Inc. Q3 2025 Results

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September 24, 2025 · 5:30 PM UTC

Laurie Stewart Named One of American Banker's “Most Powerful Women To Watch”

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September 19, 2025 · 5:15 PM UTC

Sound Community Bancorp, Inc. Announces Executive Leadership Transition

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