Sound Financial Bancorp, Inc. · NASDAQ:SFBC
Sound Financial Bancorp — Investor Presentation (April 2016)
14 slides from Sound Financial Bancorp's investor presentation, Apr 19, 2016
Slide 1: Sound Financial Bancorp, Inc. Investor Meetings
Sound Financial Bancorp, Inc. (NASDAQ: SFBC)Investor Meetings
Slide 2: Safe Harbor Statement
Safe Harbor Statement When used in filings by Sound Financial Bancorp, Inc. (the "Company”) with the Securities and Exchange Commission (the “SEC”), in the Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive
Slide 3: Corporate Overview
Corporate Overview Poi SOUND FINANCIAL BANCORP, INC en |
Slide 4: Company Overview: Sound Financial Bancorp, Inc.
Company Overview: Sound Financial Bancorp, Inc. Source: SNL Financial and Company filings. (1) Note: Market share data as of 6/30/15. Sound Financial Bancorp, Inc. (SFBC), is headquartered in Seattle, Washington with full-service branches in Seattle, Tacoma, Mountlake Terrace, Sequim, Port Angeles a
Slide 5: Major Market Demographics
Major Market Demographics Source: SNL Financial and Company Filings. Strong demographics and growth opportunities with projected household income and population growth exceeding the national averageDiversified economy including internet retailers, technology, financials, biotechnology, healthcare, m
Slide 6: Financial Highlights
Financial Highlights Financial Highlights Source: Company Filings. Net interest income divided by average interest earning assets.Noninterest expense, excluding other real estate owned and repossessed property expense, as a percentage of net interest income and total noninterest income, excluding ne
Slide 7: Loan Portfolio
Loan Portfolio Loan Portfolio Composition Source: Company Filings. The Company had $461.6 million of loans (including HFS) and operated at a loan-to-deposit ratio of ~103% as of 12/31/15Loans grew $25.0 million during the fourth quarter of 2015 compared to the prior quarter which represents over 23%
Slide 8: Deposit Portfolio
Deposit Portfolio Deposit Portfolio Composition Sound Financial Bancorp, Inc. had over $440 million of deposits as of December 31, 2015 (approximately 75% of total deposits are “core”)Cost of deposits have declined to 63 bps for the year ended December 31, 2015 compared to 87 bps in 2011The Company
Slide 9: Asset Quality Progress
Asset Quality Progress Asset quality has improved significantly since 2011 with NPAs dropping from a high of 2.78% at 12/31/11 to 0.54% of total assets at 12/31/15Total non-performing assets have decreased over $6.5 million since the high in 2011The Company also had $5.1 million of performing restru
Slide 10: Capital Return to Shareholders
Capital Return to Shareholders Dividends Declared Since 2013Q2 SFBC has returned capital to shareholders regularly since the second quarter of 2013Regular quarterly dividend per share paid has increased to $0.075/share Shares Repurchased Since 2013Q2 Source: SNL Financial.
Slide 11: Appendix
Appendix Poi SOUND FINANCIAL BANCORP, INC en |
Slide 12: SFBC Peers
SFBC Peers Public Profitable Depositories in AK, ID, MT, OR and WA with Total Assets between $250mm – $1.0bn and NPAs / Assets < 4.0% Source: SNL Financial, data as of 12/31/2015. Market data as of 4/18/2016.Data as of 3/31/2016.Nonperforming Assets + Loans 90+ Days Past Due and Still Accruing (NPLs
Slide 13: Stock Price Performance
Stock Price Performance LTM Stock Price Performance Source: SNL Financial. Market data as of 4/18/2016.
Slide 14: Management Team & Board of Directors
Management Team & Board of Directors Source: SNL Financial.
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