secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001541119-24-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Q1 net income falls to $770K; NPLs jump 155% Q/Q
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/0001541119-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111924000035/sfbc-20240429.htm
  HTML page:      https://secwatch.observer/filing/0001541119-24-000035

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