Sound Financial Bancorp, Inc. (SFBC)

Sound Financial Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	49.46	46.47	38.18	33.39	34.44	33.09
Interest Income on Investments	6.51	4.14	1.62	0.49	0.5	1.49
Total Interest Income	55.97	50.61	39.8	33.87	34.94	34.58
Interest Paid on Deposits	23.23	14.14	2.95	3.28	7	6.87
Interest Paid on Borrowings	2.4	2.62	1.55	0.67	0.45	0.75
Total Interest Expense	25.63	16.76	4.5	3.95	7.45	7.62
Net Interest Income	30.35	33.85	35.3	29.92	27.49	26.96
Net Interest Income Growth (YoY)	-15.63%	-4.09%	17.96%	8.86%	1.94%	-3.03%
Mortgage Banking Activities	1.13	1.18	1.24	1.28	1.03	1
Other Non-Interest Income	3.12	3.49	2.79	1.86	0.4	1.58
Total Non-Interest Income	4.56	5.01	4.58	7.33	7.45	4.03
Non-Interest Income Growth (YoY)	-8.03%	9.25%	-37.48%	-1.56%	84.92%	-6.07%
Revenues Before Loan Losses	34.91	38.86	39.88	37.25	34.93	30.99
Provision for Loan Losses	-0.16	-0.27	1.16	0.43	0.93	-0.13
Revenue	35.07	39.13	38.72	36.82	34.01	31.12
Revenue Growth (YoY)	-14.67%	1.05%	5.15%	8.29%	9.29%	-1.43%
Salaries and Employee Benefits	16.45	15.99	15.12	13.12	11.14	11.51
Occupancy Expenses	0.73	0.73	0.62	0.61	0.72	0.84
Federal Deposit Insurance	0.8	0.69	0.45	0.38	0.59	0.28
Selling, General & Administrative	6.68	6.98	6.16	5.95	5.01	4.6
Other Non-Interest Expense	5.73	5.72	5.49	5.35	5.21	5.53
Total Non-Interest Expense	30.38	30.13	27.85	25.4	22.68	22.79
EBT Excluding Unusual Items	4.69	9	10.88	11.43	11.33	8.33
Pretax Income	4.69	9	10.88	11.43	11.33	8.33
Income Tax Expense	0.76	1.56	2.07	2.27	2.39	1.65
Net Income	3.93	7.44	8.8	9.16	8.94	6.68
Preferred Dividends & Other Adjustments	0.03	0.05	0.06	0.06	-	-
Net Income to Common	3.91	7.39	8.74	9.09	8.94	6.68
Net Income Growth	-57.05%	-15.50%	-3.84%	2.45%	33.81%	-5.11%
Basic Shares Outstanding	3	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3	3
Shares Change (YoY)	-1.17%	-1.21%	-0.50%	1.31%	0.36%	0.63%
EPS (Basic)	1.54	2.89	3.39	3.52	3.49	2.64
EPS (Diluted)	1.52	2.86	3.35	3.46	3.42	2.59
EPS Growth	-56.84%	-14.63%	-3.25%	1.24%	32.28%	-5.64%
Dividend Per Share	0.760	0.740	0.680	0.680	0.800	0.560
Dividend Growth	5.56%	8.82%	0%	-15.00%	42.86%	3.70%
Effective Tax Rate	16.19%	17.34%	19.05%	19.88%	21.11%	19.82%

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