---
schema_version: "secwatch.filing_event.v1"
accession: "0001541119-24-000043"
form_type: "8-K"
ticker: "SFBC"
cik: "0001541119"
company_name: "Sound Financial Bancorp, Inc."
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:42:58.653550+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sound Financial Q2 net income $0.31 EPS, down 72% YoY; NIM narrows to 2.92%

## Summary
- Net income $795k ($0.31 diluted EPS) vs $2.9M ($1.11) in Q2 2023, down 72% YoY.
- Net interest margin compressed to 2.92% from 3.71% a year ago; net interest income fell 14.8% YoY.
- Nonperforming loans rose to $8.9M (1.00% of loans) vs $1.5M a year ago; NPAs decreased QoQ to $9.0M.
- Dividend declared $0.19 per share, payable Aug 23 to holders of record Aug 9.
- Deposit mix shifted: noninterest-bearing deposits down 21.2% YoY; loans-to-deposits ratio 98%.

## SEC filing metadata
- accession: 0001541119-24-000043
- form_type: 8-K
- ticker: SFBC
- cik: 0001541119
- company_name: Sound Financial Bancorp, Inc.
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1541119/000154111924000043/0001541119-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1541119/000154111924000043/sfbc-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001541119-24-000043
- JSON: https://secwatch.observer/filing/0001541119-24-000043.json
- Plain text: https://secwatch.observer/filing/0001541119-24-000043.txt

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