secwatch.observer — SEC 8-K summary
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Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001541119-24-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Q3 net income $1.2M, EPS $0.45; NIM improves to 2.98%, loans top $900M
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- Net income $1.2M ($0.45 EPS) in Q3 2024, flat YoY, up 45% from Q2.
- Net interest margin 2.98%, up from 2.92% prior quarter, down from 3.38% YoY.
- Loans held-for-portfolio exceeded $900M for first time, reaching $901.7M.
- Nonperforming loans $8.5M, down 4.7% from Q2 but up 381% YoY; ACL to total loans 0.95%.
- Declared $0.19/share dividend, payable Nov 26, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111924000051/0001541119-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111924000051/sfbc-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001541119-24-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer