secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001206774-21-001840
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Q2 net income $10.3M ($1.29 EPS), up 120% YoY; loans grow 10.7% to $2.25B
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- Net income $10.3M ($1.29 diluted EPS) vs $4.7M ($0.60) in Q2 2020, up 120.7% and 115%.
- Total revenue $25.1M; net interest margin improved to 3.50% from 3.42% YoY.
- Loans grew 10.7% to $2.254B, deposits up 5.6% to $2.31B.
- Negative provision for loan losses of $1.9M vs $10.2M provision in Q2 2020.
- Nonperforming assets improved to 0.27% of total assets; allowance coverage 619% of nonaccruals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677421001840/0001206774-21-001840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677421001840/sfb3934821-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-21-001840

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