---
schema_version: "secwatch.filing_event.v1"
accession: "0001541119-23-000020"
form_type: "8-K"
ticker: "SFBC"
cik: "0001541119"
company_name: "Sound Financial Bancorp, Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:14:33.940747+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sound Financial Q1 net income $2.2M ($0.83 EPS); dividend raised to $0.19/share

## Summary
- Net income $2.2M, $0.83 diluted EPS vs $2.9M ($1.12) in Q4 2022 and $1.7M ($0.65) in Q1 2022.
- Total assets surpassed $1.00B, up 2.9% from $976.4M at year-end 2022.
- Deposits increased $32.9M to $841.6M; borrowings decreased $14.4M to $56.6M average.
- Nonperforming assets fell 48.4% to $1.9M; allowance for credit losses to loans 1.07%.
- Quarterly dividend raised to $0.19 from $0.17, payable May 24 to holders of record May 10.

## SEC filing metadata
- accession: 0001541119-23-000020
- form_type: 8-K
- ticker: SFBC
- cik: 0001541119
- company_name: Sound Financial Bancorp, Inc.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1541119/000154111923000020/0001541119-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541119/000154111923000020/sfbc-20230424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001541119-23-000020
- JSON: https://secwatch.observer/filing/0001541119-23-000020.json
- Plain text: https://secwatch.observer/filing/0001541119-23-000020.txt

## Key facts
- Earnings Releases
  Sound Financial Bancorp, Inc. reported the quarter ended March 31, 2023 results: net income $2.2 million, EPS $0.83 diluted earnings per share.
  - Period: the quarter ended March 31, 2023
  - Net income: $2.2 million
  - EPS: $0.83 diluted earnings per share
  - Result: reported results
  source text: Sound Financial Bancorp, Inc. (Nasdaq: SFBC), the holding company (the "Company") for Sound Community Bank (the "Bank"), today reported net income of $2.2 million for the quarter ended March 31, 2023, or $0.83 diluted earnings per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1541119/000154111923000020/0001541119-23-000020-index.htm

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