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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 39.88 | 38.84 | 35.69 | 38.85 |
| Pretax Income | 10.88 | 9 | 5.65 | 8.67 |
| Tax Provision | 2.07 | 1.56 | 1.01 | 1.51 |
| Net Income | 8.80 | 7.44 | 4.64 | 7.16 |
| Net Income Common Stockholders | 8.74 | 7.39 | 4.61 | 7.13 |
| Interest Expense | 4.50 | 16.76 | 26.37 | 22.63 |
| Interest Income | 39.80 | 50.61 | 57.37 | 57.56 |
| Selling General And Administration | 16.41 | 17.14 | 17.59 | 16.71 |
| Normalized Income | 8.80 | 7.45 | 4.61 | 7.19 |
| Basic EPS | 3.41 | 3.13 | 1.94 | 0 |
| Diluted EPS | 3.41 | 3.13 | 1.94 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0.01 | -0.01 |
| Tax Rate For Calcs | 0.19 | 0.17 | 0.18 | 0.17 |
| Total Unusual Items | 0 | -0.01 | 0.03 | -0.04 |
| Total Unusual Items Excluding Goodwill | 0 | -0.01 | 0.03 | -0.04 |
| Net Income From Continuing Operation Net Minority Interest | 8.80 | 7.44 | 4.64 | 7.16 |
| Reconciled Depreciation | 1.60 | 1.65 | 1.58 | 1.51 |
| Net Interest Income | 35.30 | 33.85 | 31 | 34.93 |
| Net Income From Continuing And Discontinued Operation | 8.80 | 7.44 | 4.64 | 7.16 |
| Diluted Average Shares | 2.58 | 2.38 | 2.39 | 0 |
| Basic Average Shares | 2.58 | 2.38 | 2.39 | 0 |
| Diluted NI Availto Com Stockholders | 8.74 | 7.39 | 4.61 | 7.13 |
| Average Dilution Earnings | 0 | 0 | 0 | 0 |
| Otherunder Preferred Stock Dividend | 0.06 | 0.05 | 0.03 | 0.03 |
| Net Income Including Noncontrolling Interests | 8.80 | 7.44 | 4.64 | 7.16 |
| Net Income Continuous Operations | 8.80 | 7.44 | 4.64 | 7.16 |
| General And Administrative Expense | 16.41 | 17.14 | 17.59 | 16.71 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Salaries And Wages | 16.41 | 17.14 | 17.59 | 16.71 |
| Operating Revenue | 39.88 | 38.84 | 35.69 | 38.85 |
| Occupancy And Equipment | 1.74 | 1.81 | 1.67 | 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 | $98M | 14.04↑ premium | 0.96 | 6.5% | - |
| Finward Bancorp | FNWD | $138M | 13.94 | 0.79 | 4.6% | - |
| SB Financial Group, Inc. | SBFG | $133M | 9.70 | 0.92 | 9.9% | - |
| Union Bankshares, Inc. | UNB | $115M | 10.37 | 1.43 | 13.7% | - |
| Silvercrest Asset Management Group Inc. | SAMG |
| $107M |
| 23.59 |
| 2.04 |
| 5.8% |
| 9.86 |
| Kestrel Group Ltd | KG | $89M | 1.12 | 0.58 | 36.4% | - |
| Vroom, Inc. | VRM | $80M | - | 0.69 | -45.5% | 57.65 |
| Siebert Financial Corp. | SIEB | $72M | 13.46 | 0.79 | 5.7% | - |
| eHealth, Inc. | EHTH | $62M | - | 0.10 | 6.8% | 7.11 |
| Peer Median | - | 11.92 | 0.79 | 6.3% | 9.86 | |