---
schema_version: "secwatch.filing_event.v1"
accession: "0001541119-22-000003"
form_type: "8-K"
ticker: "SFBC"
cik: "0001541119"
company_name: "Sound Financial Bancorp, Inc."
filed_at: "2022-01-31T23:59:59+00:00"
generated_at: "2026-06-27T13:32:49.588970+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sound Financial Q4 EPS $0.70 vs $1.34 YoY; NPAs rise 67% sequentially

## Summary
- Net income $1.9M ($0.70 diluted) vs $2.6M ($0.98) in Q3 2021 and $3.5M ($1.34) in Q4 2020.
- Net interest margin 3.53%, down from 3.74% in Q3; PPP-deferred fee benefit fell to 5 bps from 41 bps.
- Nonperforming assets increased to $6.2M (0.68% of assets) from $3.7M (0.40%) at Q3 end.
- Loans held-for-portfolio grew $18.8M to $686.4M; no provision for loan losses recorded.
- Efficiency ratio weakened to 75.31% from 64.81% in Q3 and 56.32% a year ago.

## SEC filing metadata
- accession: 0001541119-22-000003
- form_type: 8-K
- ticker: SFBC
- cik: 0001541119
- company_name: Sound Financial Bancorp, Inc.
- filed_at: 2022-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541119/000154111922000003/0001541119-22-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541119/000154111922000003/sfbc-20220128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001541119-22-000003
- JSON: https://secwatch.observer/filing/0001541119-22-000003.json
- Plain text: https://secwatch.observer/filing/0001541119-22-000003.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.