Sound Financial Bancorp, Inc. (SFBC)

Sound Financial Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	57.37	46.47	38.18	33.39	34.44
Interest Income on Investments	-	4.14	1.62	0.49	0.5
Total Interest Income	57.37	50.61	39.8	33.87	34.94
Interest Paid on Deposits	26.37	14.14	2.95	3.28	7
Interest Paid on Borrowings	-	2.62	1.55	0.67	0.45
Total Interest Expense	26.37	16.76	4.5	3.95	7.45
Net Interest Income	31	33.85	35.3	29.92	27.49
Net Interest Income Growth (YoY)	-8.41%	-4.09%	17.96%	8.86%	1.94%
Mortgage Banking Activities	1.12	1.18	1.24	1.28	1.03
Other Non-Interest Income	3.28	3.49	2.79	1.86	0.4
Total Non-Interest Income	4.66	5.01	4.58	7.33	7.45
Non-Interest Income Growth (YoY)	-7.01%	9.25%	-37.48%	-1.56%	84.92%
Revenues Before Loan Losses	35.66	38.86	39.88	37.25	34.93
Provision for Loan Losses	-0.12	-0.27	1.16	0.43	0.93
Revenue	35.78	39.13	38.72	36.82	34.01
Revenue Growth (YoY)	-8.57%	1.05%	5.15%	8.29%	9.29%
Salaries and Employee Benefits	17.59	15.99	15.12	13.12	11.14
Occupancy Expenses	-	0.73	0.62	0.61	0.72
Federal Deposit Insurance	0.79	0.69	0.45	0.38	0.59
Selling, General & Administrative	5.89	6.98	6.16	5.95	5.01
Other Non-Interest Expense	5.89	5.72	5.49	5.35	5.21
Total Non-Interest Expense	30.13	30.13	27.85	25.4	22.68
EBT Excluding Unusual Items	5.65	9	10.88	11.43	11.33
Pretax Income	5.65	9	10.88	11.43	11.33
Income Tax Expense	1.01	1.56	2.07	2.27	2.39
Net Income	4.64	7.44	8.8	9.16	8.94
Preferred Dividends & Other Adjustments	-	0.05	0.06	0.06	-
Net Income to Common	4.64	7.39	8.74	9.09	8.94
Net Income Growth	-37.63%	-15.50%	-3.84%	2.45%	33.81%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	-1.31%	-1.21%	-0.50%	1.31%	0.36%
EPS (Basic)	1.82	2.89	3.39	3.52	3.49
EPS (Diluted)	1.82	2.86	3.35	3.46	3.42
EPS Growth	-36.32%	-14.63%	-3.25%	1.24%	32.28%
Dividend Per Share	0.760	0.740	0.680	0.680	0.800
Dividend Growth	2.70%	8.82%	0%	-15.00%	42.86%
Effective Tax Rate	17.82%	17.34%	19.05%	19.88%	21.11%

Source: S&P Capital IQ. Banks template. Financial Sources.