secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001541119-22-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Q3 net income $2.5M ($0.97 EPS); NIM expands to 4.13%
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- Net income $2.5M ($0.97 diluted EPS) vs $1.6M ($0.61) in Q2 and $2.6M ($0.98) in Q3 2021.
- Net interest margin rose to 4.13% from 3.83% (QoQ) and 3.74% (YoY) driven by loan growth.
- Loans held-for-portfolio grew 5.6% to $851.4M; deposits up 3.7% to $815.4M.
- Nonperforming loans fell 44.9% to $2.5M; allowance coverage ratio 301%.
- Declared $0.17 quarterly dividend payable Nov 23, record Nov 9.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000044/0001541119-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111922000044/sfbc-20221025.htm
  HTML page:      https://secwatch.observer/filing/0001541119-22-000044

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