Company: SFBC
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001541119-25-000023
Chunk: 26

Company: Sound Financial Bancorp, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 26
---
7,914 7,656 Income before provision for income taxes1,458 933 Provision for income taxes291 163 Net income$1,167 $770 Earnings per common share:Basic$0.45 $0.30 Diluted$0.45 $0.30 Weighted-average number of common shares outstanding:Basic2,554,265 2,539,213 Diluted2,578,609 2,556,958 

See Notes to Condensed Consolidated Financial Statements

4

Table of Contents

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Condensed Consolidated Statements of Comprehensive Income (unaudited)

(In thousands)

Three Months Ended March 31,20252024Net income$1,167 $770 Available for sale securities:Unrealized losses arising during the period(21)(78)Income tax benefit related to unrealized losses4 16 Other comprehensive loss, net of tax(17)(62)Comprehensive income$1,150 $708 

See Notes to Condensed Consolidated Financial Statements

5

SOUND FINANCIAL BANCORP, INC. AND SUBSIDIARY

Condensed Consolidated Statements of Stockholders’ Equity

For the Three Months Ended March 31, 2025 and 2024 (unaudited)

(In thousands, except share and per share amounts)

 SharesCommonStockAdditional Paid-in CapitalRetainedEarningsAccumulated OtherComprehensive Loss, net of taxTotalStockholders’EquityBalance, at December 31, 20242,564,907 $25 $28,413 $76,272 $(1,044)$103,666 Net income— — — 1,167 — 1,167 Other comprehensive loss, net of tax— — — — (17)(17)Share-based compensation— — 81 — — 81 Cash dividends paid on common stock ($0.19 per share)— — — (487)— (487)Common stock options exercised1,162 — 21 — — 21 Balance, at March 31, 20252,566,069 $25 $28,515 $76,952 $(1,061)$104,431 

 SharesCommonStockAdditional Paid-in CapitalRet