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Sound Financial Bancorp SFBC Derecognition of lease liability

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Other financials

Income statement

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Revenue$11.0M+6.2%
Net income$2.5M+22.7%
EPS (diluted)$0.98+24.1%

Balance sheet

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Cash & equivalents$120.1M+17.1%
Total debt$3.1M-83.8%
Total equity$112.6M+6.2%
Total assets$1.1B+0.7%

Cash flow

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Operating cash flow$224.0K
CapEx$58.0K+142%
Free cash flow$166.0K

Valuation

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Market cap$110.71M+0.3%
Enterprise value-$6.26M-123%
P/E13.8×-3.8×
P/S2.8×-0.2×

Profitability

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Net margin19.9%+3.4pp
FCF margin18.2%+4.6pp

Returns & leverage

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Return on equity7.4%+1.3pp
Debt / equity-0.2×

Where this comes from

Reported directly by Sound Financial Bancorp in its filing.

Tagged under the XBRL concept sfbc:OperatingLeaseLiabilityDerecognized.

The source filing: Sound Financial Bancorp’s 10-Q, filed May 12, 2026.

Filed
May 11, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001541119-26-000018
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Interest paid on deposits and borrowings5,5965,814
Noncash investing and financing activities:
Loans transferred from loans held-for-portfolio to OREO and repossessed assets1541
ROU assets obtained in exchange for new operating lease liabilities66
Derecognition of ROU asset98
Derecognition of lease liability98

Item 1. Financial Statements

FAQ

What is Sound Financial Bancorp's derecognition of lease liability?
Sound Financial Bancorp (SFBC) reported derecognition of lease liability of $98K in Q1 2026.
What does derecognition of lease liability mean?
Derecognition of lease liability as reported by Sound Financial Bancorp, Inc..

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