Sound Financial Bancorp Full Year 2024 Earnings: EPS: US$1.81 (vs US$2.89 in FY 2023)

Sound Financial Bancorp (NASDAQ:SFBC) Full Year 2024 Results

Key Financial Results

• Revenue: US$35.8m (down 8.6% from FY 2023).
• Net income: US$4.61m (down 38% from FY 2023).
• Profit margin: 13% (down from 19% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$1.81 (down from US$2.89 in FY 2023).

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SFBC Banking Performance Indicators

• Net interest margin (NIM): 3.00% (down from 3.53% in FY 2023).
• Cost-to-income ratio: 84.5% (up from 77.5% in FY 2023).
• Non-performing loans: 0.83% (up from 0.40% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sound Financial Bancorp shares are down 1.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Sound Financial Bancorp has 2 warning signs (and 1 which is concerning) we think you should know about.

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