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Stock impact report

Sound Financial Bancorp, Inc. Reports Net Income of $1.6 Million for First Quarter 2018, or $0.62 per share

Sound Financial Bancorp, Inc. (SFBC) 
Company Research Source: GlobeNewswire
SEATTLE, April 26, 2018 (GLOBE NEWSWIRE) -- Sound Financial Bancorp, Inc. (Nasdaq:SFBC), the holding company (the "Company") for Sound Community Bank (the "Bank"), today reported net income of $1.6 million for the quarter ended March 31, 2018, or diluted earnings per share of $0.62, as compared to net income of $1.2 million, or diluted earnings per share of $0.46, for the quarter ended December 31, 2017 and $1.4 million, or diluted earnings per share of $0.54, for the quarter ended March 31, 2017. The Company also announced today that the Board of Directors has declared a cash dividend on Company common stock of $0.14 per share, payable on May 25, 2018 to stockholders of record as of the close of business on May 10, 2018. “We continue to achieve good growth in both loans and deposits.  The significant increase in non-interest bearing deposits during the quarter helped us hold down our cost of funds despite the rising interest rate environment,” said Laurie Stewart, Preside Show less Read more
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