Sound Financial Q1 net income $1.7M, EPS $0.65; declares $0.17 dividend

Sound Financial Bancorp, Inc.

2022-Q1 EPS reported $0.65

Net income of $1.7M ($0.65 diluted EPS), down from $2.5M ($0.93) in Q1 2021 and $1.9M ($0.70) in Q4 2021.
Net interest margin (NIM) annualized 3.49%, up 40 bps YoY but down 4 bps sequentially from 3.53%.
Loans held-for-portfolio grew 15.5% YoY to $709.5M; total deposits up 2.4% YoY to $836.1M.
Nonperforming assets decreased to $5.4M (0.56% of assets) from $6.2M (0.68%) at December 31, 2021.
Declared regular quarterly cash dividend of $0.17 per share, payable May 24, 2022 to holders of record May 10, 2022.

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