Sound Financial Bancorp | 8-K: FY2025 Q3 Revenue: USD 9.821 M

Revenue: As of FY2025 Q3, the actual value is USD 9.821 M.

EPS: As of FY2025 Q3, the actual value is USD 0.66.

EBIT: As of FY2025 Q3, the actual value is USD -6.795 M.

Net income for the quarter ended September 30, 2025, was $1.7 million, or $0.66 diluted earnings per share, compared to $2.1 million, or $0.79 diluted earnings per share, for the quarter ended June 30, 2025, and $1.2 million, or $0.45 diluted earnings per share, for the quarter ended September 30, 2024.

Total assets increased by $1.9 million or 0.2% to $1.06 billion at September 30, 2025, from $1.06 billion at June 30, 2025, and decreased by $40.8 million or 3.7% from $1.10 billion at September 30, 2024.

Net interest income decreased by $315 thousand or 3.4% to $8.9 million for the quarter ended September 30, 2025, from $9.3 million for the quarter ended June 30, 2025, and increased by $1.1 million or 13.6% from $7.9 million for the quarter ended September 30, 2024.

Net interest margin (NIM), annualized, was 3.48% for the quarter ended September 30, 2025, compared to 3.67% for the quarter ended June 30, 2025, and 2.98% for the quarter ended September 30, 2024.

Loans held-for-portfolio increased by $5.4 million or 0.6% to $909.7 million at September 30, 2025, compared to $904.3 million at June 30, 2025, and increased by $8.0 million or 0.9% from $901.7 million at September 30, 2024.
Total deposits decreased by $516 thousand or 0.1% to $898.9 million at September 30, 2025, from $899.5 million at June 30, 2025, and decreased by $31.3 million or 3.4% from $930.2 million at September 30, 2024.

Total noninterest income decreased by $239 thousand or 21.3% to $881 thousand for the quarter ended September 30, 2025, compared to the quarter ended June 30, 2025, and decreased by $354 thousand or 28.7% compared to the quarter ended September 30, 2024.

Total noninterest expense remained relatively stable at $7.7 million for the quarters ended September 30, 2025, June 30, 2025, and September 30, 2024.

Total nonperforming loans decreased by $649 thousand or 19.3% to $2.7 million at September 30, 2025, from $3.4 million at June 30, 2025, and decreased by $5.8 million or 68.0% from $8.5 million at September 30, 2024.
The allowance for credit losses on loans to total loans outstanding was 0.94% at September 30, 2025, and June 30, 2025, compared to 0.95% at September 30, 2024.

Despite ongoing economic uncertainty, Sound Financial Bancorp, Inc. continues to execute its core banking strategies, reflected in improved net interest margin, stable operating expenses, and strong credit quality.
The company has paid down $4 million of subordinated debt, demonstrating strong liquidity and capital positions.
Technology investments have increased costs but generated operational efficiencies and positioned the company for future growth.