secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2022-07-26T23:59:59+00:00
Accession:  0001206774-22-001838
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Q2 net income $7.2M ($0.90 diluted EPS); loans up 26% YoY to $2.8B
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- Net income $7.2M ($0.90 diluted EPS) vs $10.3M ($1.29) in Q2 2021; net interest income up 16.1% to $24.9M.
- Loans grew 26% YoY to $2.8B; deposits up 24% to $2.9B; book value per share $35.39 (+11%).
- NIM 3.35% (down 15 bps YoY); mortgage banking income dropped $1.4M vs Q2 2021.
- Provision for credit losses $1.8M vs reversal of $1.9M in Q2 2021; allowance 1.20% of loans.
- Nonperforming assets at 0.09% of total assets, improved from 0.27% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677422001838/0001206774-22-001838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677422001838/sbf4087131-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-22-001838

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