Sound Financial Bancorp, Inc. Reports Net Income of $3.5 Million for Fourth Quarter 2020

Rhea-AI Summary

Sound Financial Bancorp (Nasdaq: SFBC) reported a net income of $3.5 million for Q4 2020, translating to $1.34 diluted earnings per share. This reflects an increase from $2.3 million or $0.90 per share in Q3 2020 and $1.9 million or $0.72 per share in Q4 2019. The Board of Directors declared a quarterly cash dividend of $0.17 per share and a special cash dividend of $0.10 per share, payable on February 24, 2021, to shareholders on record by February 10, 2021.

Positive

• Net income increased to $3.5 million for Q4 2020, up from $2.3 million in Q3 2020.
• Diluted earnings per share rose to $1.34, compared to $0.90 in Q3 2020 and $0.72 in Q4 2019.
• Declared a regular cash dividend of $0.17 and a special cash dividend of $0.10 per share.

Negative

• None.

SEATTLE, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (Nasdaq: SFBC), the parent company of Sound Community Bank, issued press releases announcing fourth quarter 2020 financial results and declaring dividends. The Company reported net income of $3.5 million for the quarter ended December 31, 2020, or $1.34 diluted earnings per share, compared to net income of $2.3 million, or $0.90 diluted earnings per share, for the quarter ended September 30, 2020 and $1.9 million, or $0.72 diluted earnings per share, for the quarter ended December 31, 2019. The Company also announced today that the Board of Directors has declared on Company common stock a regular quarterly cash dividend of $0.17 per share and a special cash dividend of $0.10 per share. The dividends will be payable on February 24, 2021 to stockholders of record as of the close of business on February 10, 2021.

A copy of the press releases can be accessed online at -
https://www.sec.gov/Archives/edgar/data/1541119/000154111921000002/0001541119-21-000002-index.htm
https://www.sec.gov/Archives/edgar/data/1541119/000154111921000004/0001541119-21-000004-index.htm

Category: Earnings

Media:		Financial:
Laurie Stewart		Daphne Kelley
President/CEO		EVP/CFO
(206) 448-0884 x306		(206) 448-0884 x305

FAQ

What were the financial results for Sound Financial Bancorp in Q4 2020?

Sound Financial Bancorp reported a net income of $3.5 million for Q4 2020 with diluted earnings per share at $1.34.

What is the dividend declared by Sound Financial Bancorp for February 2021?

The board declared a regular cash dividend of $0.17 per share and a special cash dividend of $0.10 per share, payable on February 24, 2021.

When is the record date for the dividends declared by SFBC?

The record date for the dividends is February 10, 2021.