secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sound Financial Bancorp, Inc. (SFBC)
CIK:        0001541119
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001541119-25-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sound Financial Q1 net income $1.2M ($0.45 EPS), NIM expands to 3.25%, declares $0.19 dividend
--------------------------------------------------------------------------------

- Net income of $1.2M ($0.45 diluted EPS) vs $1.9M ($0.74) in Q4 2024 and $770K ($0.30) in Q1 2024.
- Net interest margin improved 12 bps to 3.25% from 3.13% in Q4 2024; NII up 8.2% YoY to $8.1M.
- Loans held-for-portfolio fell $13.9M to $886.2M; deposits rose $72.5M to $910.3M QoQ.
- Nonperforming loans rose $2.2M to $9.7M (1.09% of loans); one $988K CRE loan repaid post-quarter.
- Declared $0.19 per share cash dividend, payable May 23, 2025 to holders of record May 9, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1541119/000154111925000017/0001541119-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1541119/000154111925000017/sfbc-20250429.htm
  HTML page:      https://secwatch.observer/filing/0001541119-25-000017

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