SFBC Sound Financial Bancorp, Inc.

FY2024 10-K
Filed: Mar 18, 2025
Financials
Savings Institution, Federally CharteredSEC EDGAR

Sound Financial Bancorp, Inc. (SFBC) filed its fiscal year 2024 10-K annual report with the SEC on Mar 18, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2024 10-K

Business Overview

  • Core banking model focused on commercial real estate lending, constituting 348.5% of CBLR Capital as of Dec 31, 2024
  • Adoption of CECL credit loss model as of Jan 1, 2023, introducing forward-looking credit loss estimates affecting earnings volatility
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Management Discussion & Analysis

  • No specific revenue or YoY change figures disclosed in MD&A
  • No profit margin or operating margin percentages detailed
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Risk Factors

  • No specific regulatory or legal risk detailed in text provided
  • No geopolitical or macroeconomic threat detailed in text provided
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Financial Summary
XBRL

Revenue

$57M

Net Income

$5M

Net Margin

8.1%

ROE

4.5%

Total Assets

$994M

EPS (Diluted)

$1.80

Operating Cash Flow

$3M

Source: XBRL data from Sound Financial Bancorp, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.

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