Sound Financial Bancorp Full Year 2023 Earnings: EPS: US$2.89 (vs US$3.39 in FY 2022)
Sound Financial Bancorp (NASDAQ:SFBC) Full Year 2023 Results
Key Financial Results
Revenue: US$39.1m (up 1.1% from FY 2022).
Net income: US$7.39m (down 16% from FY 2022).
Profit margin: 19% (down from 23% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$2.89 (down from US$3.39 in FY 2022).
SFBC Banking Performance Indicators
Net interest margin (NIM): 3.53% (down from 3.89% in FY 2022).
Cost-to-income ratio: 77.5% (up from 69.8% in FY 2022).
Non-performing loans: 0.40% (up from 0.34% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
In the last 12 months, the only revenue segment was Traditional Banking and Other Financial Services contributing US$39.1m. The largest operating expense was General & Administrative costs, amounting to US$23.3m (74% of total expenses). Explore how SFBC's revenue and expenses shape its earnings.
Sound Financial Bancorp shares are down 1.5% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Sound Financial Bancorp that you should be aware of.
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