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.
For further details see:
Sound Financial Bancorp extends stock buyback program