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Sound Financial Bancorp, Inc. operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses. It accepts various deposits products comprising savings, money market deposit, NOW, and demand accounts, as well as certificates of deposit. The company also provides loans secured by first and second mortgages on one-to-four family residences; home equity loans, including fixed-rate loans and variable-rate lines of credit; commercial and multifamily real estate loans; construction loans secured by single-family residences, and commercial and multifamily real estate; land loans; commercial business loans to finance commercial vehicles and equipment, as well as loans secured by accounts receivable and/or inventory; and secured and unsecured consumer loans, such as new and used manufactured homes, floating homes, automobiles, boats and recreational vehicle loans, and loans secured by deposit accounts, and insurance products and services. Sound Financial Bancorp, Inc. was founded in 1953 and is headquartered in Seattle, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $39M | - | $7M | $7M | 6.5% | 8.9% | 54.3% |
| 2024 | $36M | - | $5M | $3M | 4.5% | -8.1% | -37.6% |
| 2023 | $39M | - | $7M | $6M | 7.4% | -2.6% | -15.5% |
| 2022 | $40M | - | $9M | $10M | 9.0% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 39.88 | 38.84 | 35.69 | 38.85 |
| Operating Revenue | - | 39.88 | 38.84 | 35.69 | 38.85 |
| Selling General And Administration | - | 16.42 | 17.14 | 17.59 | 16.71 |
| Interest Income | - | 39.80 | 50.61 | 57.37 | 57.56 |
| Interest Expense | - | 4.50 | 16.76 | 26.37 | 22.63 |
| Net Interest Income | - | 35.30 | 33.85 | 31 | 34.93 |
| Pretax Income | - | 10.88 | 9 | 5.65 | 8.67 |
| Tax Provision | - | 2.07 | 1.56 | 1.01 | 1.51 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0.01 | -0.01 |
| Net Income Continuous Operations | - | 8.80 | 7.44 | 4.64 | 7.16 |
| Net Income From Continuing And Discontinued Operation | - | 8.80 | 7.44 | 4.64 | 7.16 |
| Net Income From Continuing Operation Net Minority Interest | - | 8.80 | 7.44 | 4.64 | 7.16 |
| Net Income | - | 8.80 | 7.44 | 4.64 | 7.16 |
| Net Income Common Stockholders | - | 8.74 | 7.39 | 4.61 | 7.13 |
| Net Income Including Noncontrolling Interests | - | 8.80 | 7.44 | 4.64 | 7.16 |
| Normalized Income | - | 8.80 | 7.45 | 4.61 | 7.19 |
| Diluted NI Availto Com Stockholders | - | 8.74 | 7.39 | 4.61 | 7.13 |
| Basic Average Shares | - | 2.58 | 2.38 | 2.39 | 2.38 |
| Diluted Average Shares | - | 2.58 | 2.38 | 2.39 | 2.38 |
| Reconciled Depreciation | - | 1.60 | 1.65 | 1.58 | 1.51 |
| Total Unusual Items | - | 0 | -0.01 | 0.03 | -0.04 |
| Total Unusual Items Excluding Goodwill | - | 0 | -0.01 | 0.03 | -0.04 |
| General And Administrative Expense | - | 16.42 | 17.14 | 17.59 | 16.71 |
| Other Gand A | 5.76 | - | - | - | - |
| Salaries And Wages | - | 16.42 | 17.14 | 17.59 | 16.71 |
| Otherunder Preferred Stock Dividend | - | 0.06 | 0.05 | 0.03 | 0.03 |
| Average Dilution Earnings | - | 0 | 0 | 0 | 0 |
| Occupancy And Equipment | - | 1.74 | 1.81 | 1.66 | 1.74 |
| Other Non Interest Expense | - | 9.69 | 11.17 | 10.91 | 11.60 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sound Financial Bancorp, Inc.this co. | SFBC | $100M | 13.92 | 0.91 | 6.5% | - |
| SB Financial Group, Inc. | SBFG | $139M | 9.92 | 0.98 | 9.9% | - |
| SR Bancorp, Inc. | SRBK | $138M | 26.82 | 0.71 | 2.7% | - |
| Patriot National Bancorp, Inc. | PNBK | $125M | -9.81 | 1.32 | -13.4% | - |
| Riverview Bancorp, Inc. | RVSB | $115M |
| - |
| - |
| - |
| - |
| - |
| - |
| 23.53 |
| 0.72 |
| 3.1% |
| - |
| Union Bankshares, Inc. | UNB | $106M | 9.60 | 1.32 | 13.7% | - |
| Kestrel Group Ltd | KG | $88M | 1.88 | 0.69 | 36.4% | 796.59 |
| Silvercrest Asset Management Group Inc. | SAMG | $86M | 17.60 | 1.71 | 9.7% | 4.83 |
| Siebert Financial Corp. | SIEB | $81M | 15.75 | 0.90 | 5.7% | 8.30 |
| Peer Median | - | 12.84 | 0.94 | 7.7% | 8.30 | |