{"schema_version":"secwatch.filing_event.v1","accession":"0001541119-24-000035","form_type":"8-K","ticker":"SFBC","cik":"0001541119","company_name":"Sound Financial Bancorp, Inc.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.904457+00:00","generated_at":"2026-06-03T04:22:09.444943+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sound Financial Q1 net income falls to $770K; NPLs jump 155% Q/Q","bullets":["Net income of $770K ($0.30 diluted EPS) vs $1.2M ($0.47) in Q4 2023 and $2.2M ($0.83) in Q1 2023.","Net interest margin compressed to 2.95% from 4.01% a year ago; net interest income down 20.4% YoY.","Nonperforming loans rose to $9.1M (1.01% of loans) from $3.6M at year-end 2023, driven by a few real estate loans.","Board declared $0.19 per share cash dividend, payable May 22, 2024 to holders of record May 8, 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001541119-24-000035","json":"https://secwatch.observer/filing/0001541119-24-000035.json","markdown":"https://secwatch.observer/filing/0001541119-24-000035.md","text":"https://secwatch.observer/filing/0001541119-24-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/0001541119-24-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/sfbc-20240429.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T04:22:09.444943+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a56ea58eca73bd153bc103be124ade00b54ac65e","claim":"Sound Financial Bancorp, Inc. reported the quarter ended March 31, 2024 results: net income net income of $770 thousand, EPS $0.30 diluted earnings per share.","evidence_excerpt":"On April 29, 2024, Sound Financial Bancorp, Inc. (the “Company”), (Nasdaq: SFBC), the holding company of Sound Community Bank, issued its earnings press release announcing financial results for the first quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/0001541119-24-000035-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"net income of $770 thousand"},{"label":"EPS","value":"$0.30 diluted earnings per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}