secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001541119-22-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000024/0001541119-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000024/sfbc-20220426.htm
  HTML page:      https://secwatch.observer/filing/0001541119-22-000024

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