UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35633 Sound Financial Bancorp, Inc. (Exact name of registrant as specified in its charter) | Maryland | 45-5188530 | | --- | -- ...

Sound Financial Bancorp, Inc. Q1 2025 Results Seattle, WA, April 29, 2025 — Sound Financial Bancorp, Inc. (the "Company") (Nasdaq: SFBC), the holding company for Sound Community Bank (the "Bank"), today reported net income of $1.2 million for the quarter ended March 31, 2025, or $0.45 diluted earnings per share, as compared to net income of $1.9 million, or $0.74 diluted earnings per share, for the quarter ended December 31, 2024, and $770 thousand, or $0.30 diluted earnings per share, for the quarter ended ...

Core Viewpoint - Sound Financial Bancorp, Inc. reported a net income of $1.2 million for Q1 2025, a decrease from $1.9 million in Q4 2024, but an increase from $770 thousand in Q1 2024, alongside a cash dividend declaration of $0.19 per share [1][2][40] Financial Performance - Total assets increased by $75.6 million or 7.6% to $1.07 billion at March 31, 2025, compared to $993.6 million at December 31, 2024, but decreased by $17.5 million or 1.6% from $1.09 billion at March 31, 2024 [6] - Loans held-for-portfolio decreased by $13.9 million or 1.5% to $886.2 million at March 31, 2025, compared to $900.2 million at December 31, 2024, and decreased by $11.7 million or 1.3% from $897.9 million at March 31, 2024 [6][33] - Total deposits increased by $72.5 million or 8.7% to $910.3 million at March 31, 2025, from $837.8 million at December 31, 2024, but decreased by $6.5 million or 0.7% from $916.9 million at March 31, 2024 [7] Income and Expenses - Net interest income decreased by $149 thousand or 1.8% to $8.1 million for Q1 2025, compared to $8.2 million for Q4 2024, but increased by $611 thousand or 8.2% from $7.5 million for Q1 2024 [9] - Total noninterest income decreased by $62 thousand or 5.3% to $1.1 million for Q1 2025, compared to Q4 2024, and was virtually unchanged compared to Q1 2024 [11][24] - Total noninterest expense increased by $856 thousand or 12.1% to $7.9 million for Q1 2025, compared to Q4 2024, and increased by $258 thousand or 3.4% compared to Q1 2024 [11][25] Credit Quality - Total nonperforming loans increased by $2.2 million or 28.9% to $9.7 million at March 31, 2025, from $7.5 million at December 31, 2024, and increased by $600 thousand or 6.6% from $9.1 million at March 31, 2024 [8] - The allowance for credit losses on loans to total loans outstanding was 0.95% at March 31, 2025, compared to 0.94% at December 31, 2024, and 0.96% at March 31, 2024 [10][35] Capital Management - Stockholders' equity totaled $104.4 million at March 31, 2025, an increase of $765 thousand or 0.7% from $103.7 million at December 31, 2024, and an increase of $3.4 million or 3.4% from $101.0 million at March 31, 2024 [40]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR (Exact name of registrant as specified in its charter) | Maryland | | 45-5188530 | | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) | | 2400 3rd Avenue, Suite 150, Seattle, Washington | | 98121 | | (Address of principal ...

SEATTLE, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (NASDAQ:SFBC) (the "Company") announced today that the Company's annual meeting of shareholders will be held on Tuesday, May 27, 2025. The record date for shareholders entitled to vote at the annual meeting will be March 31, 2025. About the Company Sound Financial Bancorp, Inc., a bank holding company, is the parent company of Sound Community Bank, and is headquartered in Seattle, Washington with full-service branches in Seattle, Tacom ...

Financial Performance - Net income for Q4 2024 was $1.9 million, or $0.74 diluted earnings per share, compared to $1.2 million, or $0.45 diluted earnings per share in Q3 2024[1]. - Net income for 2024 was $4,640,000, a decrease of 37.9% compared to $7,439,000 in 2023[32]. - Basic earnings per share rose to $0.75 in Q4 2024, up from $0.47 in Q4 2023, marking a growth of 59.6%[36]. - The annualized return on average assets improved to 0.70% in Q4 2024, up from 0.46% in Q4 2023[34]. - The efficiency ratio improved to 75.25% in Q4 2024, down from 84.63% in Q4 2023, indicating better cost management[34]. Income and Expenses - Net interest income increased by $347 thousand, or 4.4%, to $8.2 million for Q4 2024, up from $7.9 million in Q3 2024[6]. - Noninterest income decreased by $75 thousand, or 6.1%, to $1.2 million for the quarter ended December 31, 2024, compared to the previous quarter, but increased by $94 thousand, or 8.8%, compared to the same quarter in 2023[13]. - Noninterest expense decreased by $621 thousand, or 8.1%, to $7.1 million for the quarter ended December 31, 2024, compared to the previous quarter, and decreased by $248 thousand, or 3.4%, from the same quarter in 2023[14]. - Total noninterest income for the quarter ended December 31, 2024, was $1.160 million, compared to $1.235 million for the quarter ended September 30, 2024[31]. Assets and Liabilities - Total assets decreased by $107.3 million, or 9.7%, to $993.6 million at December 31, 2024, from $1.10 billion at September 30, 2024[5]. - Total deposits decreased by $92.4 million, or 9.9%, to $837.8 million at December 31, 2024, from $930.2 million at September 30, 2024[5]. - Cash and cash equivalents decreased by $105.3 million, or 70.7%, to $43.6 million at December 31, 2024, compared to the previous quarter, primarily due to higher deposit withdrawals[17]. - Total loans held-for-portfolio were $900.2 million at December 31, 2024, compared to $901.7 million at September 30, 2024, and $894.5 million at December 31, 2023[19]. - Total interest-earning assets increased to $1,044,507 thousand with a net interest income of $8,220 thousand, resulting in a net interest margin of 3.13% for the three months ended December 31, 2024[39]. Credit Quality - Nonperforming loans decreased by $998 thousand, or 11.8%, to $7.5 million at December 31, 2024, from $8.5 million at September 30, 2024[5]. - The allowance for credit losses on loans to total loans outstanding was 0.94% at December 31, 2024, compared to 0.95% at September 30, 2024[5]. - Net loan charge-offs for the fourth quarter of 2024 totaled $13 thousand, compared to $14 thousand for the third quarter of 2024, and $15 thousand for the fourth quarter of 2023[21]. - Total nonperforming loans decreased to $7,491,000 from $9,053,000 year-over-year, representing a decline of 17.3%[46]. - Nonperforming loans to total loans ratio improved to 0.83% from 1.01% year-over-year[46]. Deposits and Funding - The loans-to-deposits ratio was 108% at December 31, 2024, compared to 97% at September 30, 2024[5]. - Noninterest-bearing deposits increased by $2.8 million, or 2.2%, to $132.5 million at December 31, 2024, compared to $129.7 million at September 30, 2024[24]. - Total deposits amounted to $926,734 thousand, with an average interest expense of $6,017 thousand, leading to a cost of total funding of 2.68%[39]. - FHLB advances totaled $25.0 million at December 31, 2024, down from $40.0 million at September 30, 2024[25].

Financial Performance - The company reported net income of $1.9 million for Q4 2024, an increase from $1.2 million in Q3 2024 and $1.2 million in Q4 2023, resulting in diluted earnings per share of $0.74 [1][11] - Net interest income increased by $347 thousand, or 4.4%, to $8.2 million for Q4 2024 compared to Q3 2024, and increased by $653 thousand, or 8.6%, from Q4 2023 [11][12] - Total noninterest income decreased by $75 thousand, or 6.1%, to $1.2 million for Q4 2024 compared to Q3 2024, but increased by $94 thousand, or 8.8%, compared to Q4 2023 [19] Balance Sheet and Capital Management - Total assets decreased by $107.3 million, or 9.7%, to $993.6 million at December 31, 2024, from $1.10 billion at September 30, 2024 [6][21] - Total deposits decreased by $92.4 million, or 9.9%, to $837.8 million at December 31, 2024, compared to $930.2 million at September 30, 2024 [6][30] - Stockholders' equity increased by $1.4 million, or 1.4%, to $103.7 million at December 31, 2024, from $102.2 million at September 30, 2024 [30] Loan and Credit Quality - Loans held-for-portfolio decreased by $1.6 million, or 0.2%, to $900.2 million at December 31, 2024, compared to $901.7 million at September 30, 2024 [24] - Nonperforming loans decreased by $998 thousand, or 11.8%, to $7.5 million at December 31, 2024, from $8.5 million at September 30, 2024 [8][25] - The allowance for credit losses on loans to total loans outstanding was 0.94% at December 31, 2024, compared to 0.95% at September 30, 2024 [26] Operational Efficiency - The company achieved a 15-basis-point increase in net interest margin (NIM) to 3.13% for Q4 2024, primarily due to reduced deposit costs [3][17] - Total noninterest expense decreased by $621 thousand, or 8.1%, to $7.1 million for Q4 2024 compared to Q3 2024 [20] - The company maintained capital levels in excess of regulatory requirements and was categorized as "well-capitalized" at December 31, 2024 [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35633 Sound Financial Bancorp, Inc. (Exact name of registrant as specified in its charter) Maryland 45-5188530 (State or ot ...

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SEATTLE, Sept. 26, 2024 (GLOBE NEWSWIRE) -- American Banker names Laurie Stewart, President and CEO of Sound Community Bank, as one of The Most Powerful Women to Watch in 2024. Now celebrating its 22nd anniversary, American Banker's The Most Powerful Women in Banking™ program recognizes individuals and teams for demonstrating exceptional leadership skills, strong business performance, and a commitment to driving real outcomes for diversity, equity, and inclusion in financial services. As part of this progra ...