First Sound Bank provides various banking products and services for individuals, small and medium-sized businesses, not-for-profit organizations, entrepreneurs, and professional service firms in Western Washington. The company's deposit products include checking, savings, money market, and sweep accounts. It also offers consumer loans comprising personal loans, ready cash line of credit, and home equity lines of credit; and commercial loans, such as lines of credit, commercial real estate loans, export activity and foreign receivables, investment property loans, and small business administration loans, as well as cash flow solutions. In addition, the company provides cash management services; and international services, including import and export letters of credit, standby letters of credit, documentary collections, and foreign exchange services, as well as international remittances, drafts, and wires. Further, it offers Sound eCapture services that allow its customers to scan checks, create digital deposits, and transmit for account clearing and posting. Additionally, the company provides equipment financing; and ATM card, debit card, credit card, merchant, mobile and online banking, and courier services. It operates through a branch in downtown Seattle, Washington. The company was founded in 2004 and is headquartered in Seattle, Washington.

First Sound Bank

First Sound Bank is a community bank providing commercial banking services for small to medium sized businesses, not-for-profit organizations, entrepreneurs, and professional service firms throughout the Puget Sound market.

First Sound Bank | 483 followers on LinkedIn. Experienced. Innovative. Sound. | First Sound Bank is committed to delivering personalized services, convenient access, and competitive rates to support the needs of the local business community.
  
First Sound Bank was chartered by the State of Washington in July 2004 with the largest initial capital base of any de novo in the Pacific Northwest at the time. Multiple bank mergers and the shrinking availability of local banking service centers compelled the founders to create a business bank that caters to small and medium-sized businesses, not-for-profit organizations, entrepreneurs, professionals, and service companies.

	Jun '22	Sep '22	Dec '22	Mar '23	Jun '23	Sep '23	Dec '23
revenue	1.41M -	1.67M 18.64%	1.97M 17.92%	2.08M 5.57%	1.31M 37.00%	1.25M 4.57%	2.26M 80.53%
cost of revenue
gross profit	1.41M -	1.67M 18.64%	1.97M 17.92%	2.08M 5.57%	1.31M 37.00%	1.25M 4.57%	2.26M 80.53%
selling and marketing expenses			821K -
general and administrative expenses			657K -		697K -	675K 3.16%
selling general and administrative expenses	800K -	902K 12.75%	1.48M 63.86%	929K 37.14%	697K 24.97%	675K 3.16%
research and development expenses
other expenses	-314K -	-328K 4.46%	-534K 62.80%	-251K 53.00%			-510K -
cost and expenses	1.27M -	1.48M 16.22%	1.73M 17.21%	1.91M 10.17%			2.35M -
operating expenses	314K -	328K 4.46%	534K 62.80%	251K 53.00%			510K -
interest expense					813K -	956K 17.59%
ebitda	-141K -	-198K 40.43%	-244K 23.23%	-178K 27.05%	131K 173.60%	-131K 200%
operating income	141K -	198K 40.43%	244K 23.23%	178K 27.05%	131K 26.40%	-131K 200%	1.75M 1,437.40%
depreciation and amortization	-141K -	-198K 40.43%	-244K 23.23%	-178K 27.05%
total other income expenses net	141K -	198K 40.43%	244K 23.23%	178K 27.05%			-85K -
income before tax	141K -	198K 40.43%	244K 23.23%	178K 27.05%	131K 26.40%	-131K 200%	-85K 35.11%
income tax expense
net income	141K -	198K 40.43%	244K 23.23%	178K 27.05%	131K 26.40%	-131K 200%	-85K 35.11%
weighted average shs out	3.15M -	3.15M 0%	3.15M 0%	3.15M 0%			3.15M -
weighted average shs out dil	3.15M -	3.15M 0%	3.15M 0%	3.15M 0%			3.15M -
eps	0.04 -	0.06 40.49%	0.08 23.09%	0.06 27.04%	0 100%	0	-0.03 Infinity%
epsdiluted	0.04 -	0.06 40.49%	0.08 23.09%	0.06 27.04%	0 100%	0	-0.03 Infinity%

COM:FIRSTSOUNDBANK

First Sound Bank

Last Close

6.67

05/04 16:23

Market Cap

1.51M

Beta: -

Volume Today

200

Avg: -

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