SFBC - Sound Financial Bancorp extends stock buyback program

2023-07-26 04:34:48 ET

• Sound Financial Bancorp ( NASDAQ: SFBC ) said its board extended its current stock repurchase program, scheduled to expire on July 31, to January 31, 2024 .
• The company repurchased 82.5K shares for $3.1M since the program's inception, leaving ~$0.9M available for future buybacks.
• The buyback program may be expanded, extended, or discontinued at any time.
• "While the banking sector continues to face challenges, the company's financial condition and operations remain solid due to our strong liquidity and capital, community-based deposit franchise and high-quality loan portfolio," said CEO Laurie Stewart.

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