NASDAQ : SFBC
Sound Financial Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 45 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 115.21M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 53.47M | 52.95M | 50.50M | 46.47M | 38.18M | 33.39M |
| Interest Income on Investments | 4.61M | 4.61M | 6.88M | 4.14M | 1.62M | 485.00K |
| Total Interest Income | 58.07M | 57.56M | 57.37M | 50.61M | 39.80M | 33.87M |
| Interest Paid on Deposits | 19.56M | 20.91M | 24.08M | 14.14M | 2.95M | 3.28M |
| Interest Paid on Borrowings | 1.72M | 1.72M | 2.30M | 2.62M | 1.55M | 672.00K |
| Total Interest Expense | 21.28M | 22.63M | 26.37M | 16.76M | 4.50M | 3.95M |
| Net Interest Income | 36.79M | 34.93M | 31.00M | 33.85M | 35.30M | 29.92M |
| Mortgage Banking Activities | 994.00K | 1.05M | 1.12M | 1.18M | 1.24M | 1.28M |
| Other Non-Interest Income | 2.92M | 2.66M | 3.28M | 3.49M | 2.79M | 1.85M |
| Total Non-Interest Income | 4.34M | 3.96M | 4.66M | 5.01M | 4.58M | 7.33M |
| Revenues Before Loan Losses | 41.13M | 38.89M | 35.66M | 38.86M | 39.88M | 37.25M |
| Provision for Loan Losses | -277.00K | 127.00K | -120.00K | -273.00K | 1.16M | 425.00K |
| Revenue | 41.41M | 38.76M | 35.78M | 39.13M | 38.72M | 36.82M |
| Salaries and Employee Benefits | 15.83M | 15.61M | 16.45M | 15.99M | 15.12M | 13.12M |
| Occupancy Expenses | 637.00K | 637.00K | 582.00K | 732.00K | 618.00K | 614.00K |
| Federal Deposit Insurance | 472.00K | 610.00K | 787.00K | 688.00K | 452.00K | 379.00K |
| Selling, General & Administrative | 7.94M | 7.81M | 6.81M | 6.98M | 6.16M | 5.95M |
| Other Non-Interest Expense | 5.92M | 5.39M | 5.53M | 5.72M | 5.49M | 5.35M |
| Total Non-Interest Expense | 30.85M | 30.09M | 30.13M | 30.13M | 27.84M | 25.40M |
| EBT Excluding Unusual Items | 10.56M | 8.67M | 5.65M | 9.00M | 10.88M | 11.43M |
| Pretax Income | 10.56M | 8.67M | 5.65M | 9.00M | 10.88M | 11.43M |
| Income Tax Expense | 1.90M | 1.51M | 1.01M | 1.56M | 2.07M | 2.27M |
| Net Income | 8.66M | 7.16M | 4.64M | 7.44M | 8.80M | 9.16M |
| Preferred Dividends & Other Adjustments | 27.00K | 27.00K | 31.00K | 47.00K | 61.00K | 63.00K |
| Net Income to Common | 8.63M | 7.13M | 4.61M | 7.39M | 8.74M | 9.09M |
| Basic Shares Outstanding | 2.56M | 2.56M | 2.54M | 2.56M | 2.58M | 2.58M |
| Diluted Shares Outstanding | 2.58M | 2.58M | 2.57M | 2.58M | 2.61M | 2.63M |
| EPS (Basic) | 3.37 | 2.79 | 1.81 | 2.89 | 3.39 | 3.52 |
| EPS (Diluted) | 3.35 | 2.77 | 1.80 | 2.86 | 3.35 | 3.46 |
| Dividend Per Share | 0.82 | 0.76 | 0.76 | 0.74 | 0.68 | 0.68 |
| Effective Tax Rate | 18.03% | 17.46% | 17.82% | 17.34% | 19.05% | 19.88% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 112.75M | 138.45M | 43.64M | 49.69M | 57.84M | 183.59M |
| Investment Securities | 13.85M | 6.18M | 6.08M | 6.23M | 7.72M | 6.07M |
| Mortgage-Backed Securities | 3.41M | 3.84M | 4.22M | 4.69M | 2.35M | |
| Total Investments | 13.85M | 9.59M | 9.92M | 10.45M | 12.41M | 8.42M |
| Gross Loans | 880.50M | 908.27M | 902.54M | 896.99M | 868.53M | 688.76M |
| Allowance for Loan Losses | -8.17M | -8.61M | -8.50M | -8.76M | -7.60M | -6.31M |
| Other Adjustments to Gross Loans | -2.50M | -2.74M | -2.37M | -2.51M | -2.55M | -2.37M |
| Net Loans | 869.83M | 896.93M | 891.67M | 885.72M | 858.38M | 680.09M |
| Property, Plant & Equipment | 6.72M | 7.66M | 8.42M | 9.74M | 10.62M | 11.63M |
| Other Intangible Assets | 67.00K | 97.00K | ||||
| Loans Held for Sale | 283.00K | 542.00K | 487.00K | 603.00K | 3.09M | |
| Accrued Interest Receivable | 3.78M | 3.77M | 3.47M | 3.45M | 3.08M | 2.22M |
| Other Real Estate Owned & Foreclosed | 77.00K | 344.00K | 575.00K | 659.00K | 659.00K | |
| Other Long-Term Assets | 34.63M | 33.82M | 34.29M | 32.60M | 30.47M | 28.85M |
| Total Assets | 1.04B | 1.09B | 993.63M | 995.22M | 976.35M | 919.69M |
| Interest Bearing Deposits | 778.27M | 703.91M | 614.37M | 611.51M | 579.47M | 588.75M |
| Institutional Deposits | 112.40M | 90.90M | 88.30M | 56.10M | 19.10M | |
| Non-Interest Bearing Deposits | 128.42M | 132.57M | 132.53M | 126.73M | 173.20M | 190.47M |
| Total Deposits | 906.69M | 948.88M | 837.80M | 826.54M | 808.76M | 798.32M |
| Short-Term Borrowings | 15.00M | 43.00M | ||||
| Current Portion of Leases | 1.16M | |||||
| Accrued Interest Payable | 623.00K | 674.00K | 765.00K | 817.00K | 395.00K | 200.00K |
| Long-Term Debt | 5.83M | 7.80M | 11.76M | 11.72M | 11.68M | 11.63M |
| Federal Home Loan Bank Debt, Long-Term | 10.00M | 25.00M | 25.00M | |||
| Long-Term Leases | 2.84M | 2.51M | 4.01M | 4.82M | 5.45M | 6.24M |
| Other Long-Term Liabilities | 12.61M | 11.75M | 10.63M | 10.67M | 9.36M | 9.94M |
| Total Liabilities | 928.59M | 982.77M | 889.97M | 894.57M | 878.65M | 826.33M |
| Common Stock | 25.00K | 25.00K | 25.00K | 25.00K | 26.00K | 26.00K |
| Additional Paid-In Capital | 28.90M | 28.74M | 28.41M | 27.99M | 28.00M | 27.96M |
| Retained Earnings | 86.28M | 81.48M | 76.27M | 73.63M | 70.79M | 65.24M |
| Comprehensive Income & Other | -1.20M | -846.00K | -1.04M | -988.00K | -1.12M | 139.00K |
| Shareholders' Equity | 114.00M | 109.40M | 103.67M | 100.65M | 97.70M | 93.36M |
| Total Liabilities & Equity | 1.04B | 1.09B | 993.63M | 995.22M | 976.35M | 919.69M |
| Total Debt | 8.67M | 21.47M | 40.77M | 56.54M | 60.12M | 17.88M |
| Net Cash (Debt) | 104.08M | 116.98M | 2.87M | -6.85M | -2.29M | 165.71M |
| Net Cash Per Share | 40.34 | 45.40 | 1.12 | -2.65 | -0.88 | 63.09 |
| Filing Date Shares Outstanding | 2.56M | 2.56M | 2.55M | 2.54M | 2.58M | 2.61M |
| Total Common Shares Outstanding | 2.56M | 2.56M | 2.55M | 2.53M | 2.57M | 2.60M |
| Book Value Per Share | 44.53 | 42.76 | 40.69 | 39.73 | 38.08 | 35.96 |
| Tangible Book Value | 114.00M | 109.40M | 103.67M | 100.65M | 97.64M | 93.26M |
| Tangible Book Value Per Share | 44.53 | 42.76 | 40.69 | 39.73 | 38.05 | 35.92 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.16M | 4.64M | 7.44M | 8.80M | 9.16M | |
| Depreciation & Amortization | 1.51M | 1.58M | 1.65M | 1.60M | 1.59M | |
| Gain (Loss) on Sale of Assets | 137.00K | -75.00K | 13.00K | -16.00K | ||
| Gain (Loss) on Sale of Investments | 84.00K | 84.00K | 81.00K | 73.00K | 134.00K | |
| Provision for Credit Losses | 127.00K | -120.00K | -273.00K | 1.16M | 425.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -2.19M | -626.00K | -427.00K | 1.70M | 11.40M | |
| Accrued Interest Receivable | -300.00K | -19.00K | -369.00K | -866.00K | 37.00K | |
| Change in Other Net Operating Assets | 1.68M | -870.00K | 557.00K | -662.00K | 695.00K | |
| Other Operating Activities | -984.00K | -1.74M | -2.32M | -1.88M | -345.00K | |
| Operating Cash Flow | 7.16M | 2.93M | 6.89M | 10.05M | 19.07M | |
| Capital Expenditures | -170.00K | -76.00K | -444.00K | -398.00K | -225.00K | |
| Sale of Property, Plant and Equipment | 38.00K | |||||
| Investment in Securities | 538.00K | 420.00K | 2.08M | -5.61M | 1.58M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -3.54M | -5.05M | -28.66M | -177.78M | -73.24M | |
| Other Investing Activities | 670.00K | 722.00K | 704.00K | -6.22M | ||
| Investing Cash Flow | -2.50M | -3.94M | -26.32M | -183.79M | -78.11M | |
| Long-Term Debt Issued | 40.00M | 43.00M | ||||
| Long-Term Debt Repaid | -19.00M | -15.00M | -43.00M | |||
| Net Debt Issued (Repaid) | -19.00M | -15.00M | -3.00M | 43.00M | ||
| Issuance of Common Stock | 151.00K | 269.00K | 395.00K | 223.00K | 650.00K | |
| Repurchase of Common Stock | -130.00K | -283.00K | -2.40M | -1.87M | -152.00K | |
| Common Dividends Paid | -1.95M | -1.95M | -1.91M | -1.77M | -1.78M | |
| Net Increase (Decrease) in Deposit Accounts | 111.08M | 11.26M | 17.78M | 10.44M | 50.34M | |
| Other Financing Activities | 666.00K | 436.00K | -1.79M | |||
| Financing Cash Flow | 90.15M | -5.04M | 11.29M | 47.98M | 48.80M | |
| Net Cash Flow | 94.81M | -6.05M | -8.15M | -125.75M | -10.24M | |
| Free Cash Flow | 6.99M | 2.86M | 6.44M | 9.66M | 18.85M | |
| Free Cash Flow Margin | 18.04% | 7.98% | 16.46% | 24.94% | 51.18% | |
| Free Cash Flow Per Share | 2.71 | 1.11 | 2.50 | 3.69 | 7.18 | |
| Cash Interest Paid | 22.72M | 26.42M | 16.34M | 4.30M | 4.12M | |
| Cash Income Tax Paid | 1.93M | 831.00K | 2.40M | 2.01M | 2.90M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 115.01M | 111.21M | 134.10M | 99.54M | 100.75M | 113.89M |
| Last Close Price | 45.00 | 43.01 | 51.09 | 37.18 | 36.70 | 40.31 |
| PE Ratio | 13.42 | 15.60 | 29.09 | 13.47 | 11.52 | 12.53 |
| PS Ratio | 2.78 | 2.87 | 3.75 | 2.54 | 2.60 | 3.09 |
| PB Ratio | 1.01 | 1.02 | 1.29 | 0.99 | 1.03 | 1.22 |
| P/FCF Ratio | 15.71 | 15.91 | 46.95 | 15.45 | 10.43 | 6.04 |
| P/OCF Ratio | 15.30 | 15.53 | 45.74 | 14.46 | 10.02 | 5.97 |
| Debt / Equity Ratio | 0.08 | 0.20 | 0.39 | 0.56 | 0.61 | 0.19 |
| Debt / FCF Ratio | 3.07 | 14.28 | 8.78 | 6.23 | 0.95 | |
| Net Debt / Equity Ratio | -0.91 | -1.07 | -0.03 | 0.07 | 0.02 | -1.77 |
| Net Debt / FCF Ratio | -16.73 | -1.00 | 1.06 | 0.24 | -8.79 | |
| Return on Equity (ROE) | 7.82% | 6.72% | 4.54% | 7.50% | 9.22% | 10.24% |
| Return on Assets (ROA) | 0.82% | 0.69% | 0.47% | 0.76% | 0.93% | 1.03% |
| Earnings Yield | 7.45% | 6.44% | 3.46% | 7.47% | 8.74% | 8.04% |
| FCF Yield | 6.37% | 6.29% | 2.13% | 6.47% | 9.58% | 16.55% |
| Dividend Yield | 1.89% | 1.75% | 1.44% | 1.88% | 1.73% | 1.55% |
| Payout Ratio | 25.10% | 27.20% | 41.98% | 25.72% | 20.11% | 19.41% |
| Buyback Yield / Dilution | -0.11% | -0.42% | 0.61% | 1.21% | 0.50% | -1.31% |
| Total Shareholder Return | 1.76% | 1.33% | 2.05% | 3.10% | 2.23% | 0.24% |