Revenue: As of FY2026 Q1, the actual value is USD 9.957 M.

EPS: As of FY2026 Q1, the actual value is USD 0.61.

EBIT: As of FY2026 Q1, the actual value is USD -6.964 M.

Financial Performance

Net Income

Sound Financial Bancorp, Inc. reported a net income of $1.6 million for the quarter ended March 31, 2026, which is a decrease from $2.2 million in the prior quarter ended December 31, 2025, but an increase from $1.2 million for the quarter ended March 31, 2025.

Dividends

The Board of Directors of Sound Financial Bancorp, Inc. declared a cash dividend of $0.21 per share on Company common stock. This dividend is payable on May 26, 2026, to stockholders of record as of the close of business on May 11, 2026.

Operational Metrics

Total Assets

Total assets increased by $19.9 million (1.8%) to $1.11 billion at March 31, 2026, from $1.09 billion at December 31, 2025. Year-over-year, total assets increased by $42.9 million (4.0%) from $1.07 billion at March 31, 2025.

Net Interest Income

Net interest income increased by $385 thousand (4.4%) to $9.0 million for Q1 2026, from $8.7 million for Q4 2025. It also increased by $976 thousand (12.1%) from $8.1 million for Q1 2025.

Net Interest Margin (Annualized)

The net interest margin was 3.49% for Q1 2026, up from 3.36% in Q4 2025 and 3.25% in Q1 2025.

Provision for Credit Losses

A provision for credit losses of $123 thousand was recorded for Q1 2026, compared to $104 thousand in Q4 2025 and a $203 thousand release of provision in Q1 2025.

Total Noninterest Income

Total noninterest income increased by $43 thousand (5.0%) to $910 thousand for Q1 2026, compared to Q4 2025. However, it decreased by $188 thousand (17.1%) compared to Q1 2025.

Total Noninterest Expense

Total noninterest expense increased by $1.0 million (15.1%) to $7.9 million for Q1 2026, compared to Q4 2025. It decreased by $40 thousand (0.5%) compared to Q1 2025.

Efficiency Ratio (Annualized)

The annualized efficiency ratio was 79.08% for Q1 2026, compared to 71.78% for Q4 2025 and 86.31% for Q1 2025.

Balance Sheet and Credit Quality Metrics

Loans Held-for-Portfolio

Loans held-for-portfolio increased by $16.0 million (1.8%) to $921.5 million at March 31, 2026, from $905.5 million at December 31, 2025. Year-over-year, it increased by $35.3 million (4.0%) from $886.2 million at March 31, 2025.

Total Deposits

Total deposits increased by $19.6 million (2.1%) to $968.5 million at March 31, 2026, from $948.9 million at December 31, 2025. Over the past year, deposits increased by $58.2 million (6.4%) from $910.3 million at March 31, 2025.

Noninterest-Bearing Deposits

Noninterest-bearing deposits decreased by $1.5 million (1.1%) to $131.1 million at March 31, 2026, from $132.6 million at December 31, 2025. They increased by $4.4 million (3.5%) from $126.7 million at March 31, 2025.

Loans-to-Deposits Ratio

The loans-to-deposits ratio was 95.4% at March 31, 2026, compared to 95.7% at December 31, 2025 and 97.5% at March 31, 2025.

Nonperforming Assets (NPAs)

NPAs increased by $1.4 million (22.1%) to $7.5 million at March 31, 2026, from $6.1 million at December 31, 2025. However, NPAs decreased by $2.2 million (22.9%) from $9.7 million at March 31, 2025.

Nonperforming Loans to Total Loans

This ratio was 0.80% at March 31, 2026, compared to 0.64% at December 31, 2025 and 1.09% at March 31, 2025.

Allowance for Credit Losses on Loans to Total Loans

This ratio was 0.94% at March 31, 2026, compared to 0.95% at both December 31, 2025 and March 31, 2025.

Allowance for Credit Losses on Loans to Total Nonperforming Loans

This ratio was 117.02% at March 31, 2026, compared to 148.82% at December 31, 2025 and 86.95% at March 31, 2025.

Net Charge-offs

Net charge-offs were $19 thousand for Q1 2026, compared to $27 thousand for Q4 2025 and $21 thousand for Q1 2025.

Stockholders’ Equity

Stockholders’ equity totaled $110.4 million at March 31, 2026, an increase of $1.0 million (0.9%) from $109.4 million at December 31, 2025, and an increase of $6.0 million (5.7%) from $104.4 million at March 31, 2025.

Unique Metrics

Sound Financial Bancorp, Inc. was ranked fourth in the Puget Sound Business Journal’s April 11, 2025, list of fastest-growing banks in Washington state based on deposit growth.

Outlook / Guidance

Sound Financial Bancorp, Inc. noted that economic uncertainty and elevated interest rates tempered loan demand in Q1 2026, but the company continued to generate solid deposit growth and improved earnings capacity. The company remains focused on sustainable long-term performance, supported by improving funding dynamics and a healthy capital position, despite a modest decline in credit metrics. As part of ongoing strategic consolidation efforts, the Tacoma branch is scheduled to close on May 1, 2026.