secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001541119-22-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Bancorp Q2 net income $1.6M ($0.61 EPS), down 30% YoY; loans grow 13.6% QoQ
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- Net income of $1.6M ($0.61 diluted EPS) vs $2.3M ($0.85) in Q2 2021 and $1.7M ($0.65) in Q1 2022.
- Loans held-for-portfolio increased $96.6M (13.6%) QoQ to $806.1M; net interest margin rose to 3.83% from 3.49%.
- Provision for loan losses was $600K, up from $125K in Q1 2022, driven by portfolio growth and economic uncertainty.
- Board declared $0.17 per share cash dividend, payable Aug 23, 2022 to holders of record Aug 9, 2022.
- Net gain on sale of loans fell to $84K from $1.1M YoY, reflecting lower refinance activity and mortgage volumes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000034/0001541119-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000034/sfbc-20220726.htm
  HTML page:      https://secwatch.observer/filing/0001541119-22-000034

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