Sound Financial Bancorp, Inc. Reports Net Income of $2.5 Million for First Quarter 2021

Rhea-AI Summary

Sound Financial Bancorp (Nasdaq: SFBC) reported a net income of $2.5 million for Q1 2021, equating to $0.93 diluted earnings per share. This marks a decrease from $3.5 million ($1.34 per share) in Q4 2020 and an increase from $1.0 million ($0.38 per share) in Q1 2020. The Board declared a cash dividend of $0.17 per share, payable on May 24, 2021, to stockholders of record by May 10, 2021. The financial results highlight both the current performance and the company’s commitment to returning value to shareholders through dividends.

Positive

• Net income of $2.5 million for Q1 2021.
• Year-over-year earnings per share increased from $0.38 to $0.93.
• Declaration of a cash dividend of $0.17 per share.

Negative

• Net income decreased from $3.5 million in Q4 2020.

SEATTLE, April 28, 2021 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (Nasdaq: SFBC), the parent company of Sound Community Bank, issued press releases announcing first quarter 2021 financial results and declaring dividends. The Company reported net income of $2.5 million for the quarter ended March 31, 2021, or $0.93 diluted earnings per share, compared to net income of $3.5 million, or $1.34 diluted earnings per share, for the quarter ended December 31, 2020 and $1.0 million, or $0.38 diluted earnings per share, for the quarter ended March 31, 2020. The Company also announced today that the Board of Directors has declared a cash dividend on the Company common stock of $0.17 per share. The dividends will be payable on May 24, 2021 to stockholders of record as of the close of business on May 10, 2021.

A copy of the press releases can be accessed online at –
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001541119/000154111921000012/sfbc-20210427.htm

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001541119/000154111921000013/sfbc-20210427.htm

Category: Earnings

Media:

Laurie Stewart

President/CEO and Interim Chief Financial Officer

(206) 448-0884 x306

FAQ

What are the Q1 2021 financial results for Sound Financial Bancorp (SFBC)?

For Q1 2021, Sound Financial Bancorp reported a net income of $2.5 million, or $0.93 diluted earnings per share.

When will the dividend for SFBC be paid?

The dividend of $0.17 per share will be payable on May 24, 2021, to stockholders of record as of May 10, 2021.

How does Q1 2021 net income compare to previous quarters for SFBC?

The net income of $2.5 million in Q1 2021 decreased from $3.5 million in Q4 2020 but increased from $1.0 million in Q1 2020.