---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-22-001205"
form_type: "8-K"
ticker: "SFST"
cik: "0001090009"
company_name: "SOUTHERN FIRST BANCSHARES INC"
filed_at: "2022-04-26T23:59:59+00:00"
generated_at: "2026-06-26T04:30:15.896932+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southern First Q1 net income $8.0M ($0.98 EPS); loans up 22% to $2.7B

## Summary
- Net income $8.0M, diluted EPS $0.98 vs $1.49 in Q4 2021 and $1.31 in Q1 2021.
- Total loans $2.66B, up 22% YoY; deposits $2.71B, up 20% YoY; loan growth strongest quarter in history.
- Net interest margin stable at 3.37%; net interest income $23.2M, up $307K QoQ and $1.9M YoY.
- Provision for credit losses $1.1M under new CECL methodology; $86.4M hotel loans upgraded.
- Mortgage banking income fell to $1.5M from $4.6M in prior year quarter due to lower volume.

## SEC filing metadata
- accession: 0001206774-22-001205
- form_type: 8-K
- ticker: SFST
- cik: 0001090009
- company_name: SOUTHERN FIRST BANCSHARES INC
- filed_at: 2022-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090009/000120677422001205/0001206774-22-001205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090009/000120677422001205/sfb4052661-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-22-001205
- JSON: https://secwatch.observer/filing/0001206774-22-001205.json
- Plain text: https://secwatch.observer/filing/0001206774-22-001205.txt

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