Sound Financial Bancorp reports Q2 EPS 31c vs. $1.11 last year

Reports Q2 revenue $7.5M vs. $9.1M last year. “Modest increases in net income and earnings per share, coupled with a reduction in nonperforming assets and a minimal quarter-over-quarter expense increase of only $81 thousand, indicate that we have maintained our focus on key initiatives during this period of narrow net interest margins,” remarked Laurie Stewart, CEO. “Our credit quality performance ratios remain strong, and our allowance for credit losses reserve ratio remained steady over the past five quarters. Further, our current loan-to-deposit ratio positions us to continue supporting our communities by extending credit to both consumers and businesses.”