In the Q2, Sound Financial Bancorp Inc 's corporate clients experienced a decline by -12.68 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.58 %. During the corresponding time, Sound Financial Bancorp Inc recorded a revenue increase by 10.17 % year on year, sequentially revenue grew by 14.33 %. While revenue at the Sound Financial Bancorp Inc 's corporate clients recorded rose by 1.88 % year on year, sequentially revenue grew by 19.77 %.
Customers of Sound Financial Bancorp Inc saw their costs of revenue decline by -12.68 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.58 %, for the same period Sound Financial Bancorp Inc recorded revenue increase by 10.17 % year on year, sequentially revenue grew by 14.33 %.
Sound Financial Bancorp Inc's Comment on Sales, Marketing and Customers
The company serves customers in the Seattle Metropolitan Statistical Area (MSA), including King, Pierce, and Snohomish Counties, as well as Clallam and Jefferson Counties in Washington. It provides residential loans, including non-conforming loans, and commercial real estate loans secured by owner-occupied and nonowner-occupied properties, multifamily properties, mobile home parks, and construction and land development projects. The customer base comprises management, professional and sales personnel, office employees, health care workers, software and technology workers, manufacturing and transportation workers, service industry workers, government employees, retired individuals, and self-employed persons. Major employment sectors in the market area include information and communications technology, financial services, aerospace, military, manufacturing, maritime, biotechnology, education, health and social services, retail trades, transportation, and professional services. Significant employers headquartered in the market area include Microsoft, Amazon, Starbucks, University of Washington, Providence Health, Costco, Boeing, Nordstrom, Alaska Air Group, Weyerhaeuser, and the U.S. Joint Base Lewis-McChord.
Sound Financial Bancorp Inc’s Comment on Sales, Marketing and Customers
The company serves customers in the Seattle Metropolitan Statistical Area (MSA), including King, Pierce, and Snohomish Counties, as well as Clallam and Jefferson Counties in Washington. It provides residential loans, including non-conforming loans, and commercial real estate loans secured by owner-occupied and nonowner-occupied properties, multifamily properties, mobile home parks, and construction and land development projects. The customer base comprises management, professional and sales personnel, office employees, health care workers, software and technology workers, manufacturing and transportation workers, service industry workers, government employees, retired individuals, and self-employed persons. Major employment sectors in the market area include information and communications technology, financial services, aerospace, military, manufacturing, maritime, biotechnology, education, health and social services, retail trades, transportation, and professional services. Significant employers headquartered in the market area include Microsoft, Amazon, Starbucks, University of Washington, Providence Health, Costco, Boeing, Nordstrom, Alaska Air Group, Weyerhaeuser, and the U.S. Joint Base Lewis-McChord.
Sources:
Sound Financial Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Sound Financial Bancorp Inc’s corporate clients.
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