secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001541119-23-000029
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 Q2 net income $2.9M, EPS $1.11; declares $0.19 dividend
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- Net income $2.9M ($1.11 EPS) vs $2.2M ($0.83) in Q1 2023 and $1.6M ($0.61) in Q2 2022.
- NIM (annualized) 3.71%, down from 4.01% in Q1 2023, up from 3.82% a year ago.
- Loans held-for-portfolio $855.4M (-1.7% QoQ); deposits $822.3M (-2.3% QoQ).
- Recorded $331k reversal of credit losses; BOLI death benefit of $568k boosted noninterest income.
- Dividend of $0.19/share declared, payable Aug 23 to holders of record Aug 9.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111923000029/0001541119-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111923000029/sfbc-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001541119-23-000029

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