secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001206774-22-002591
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Q3 net income $8.4M ($1.04 EPS); loans up 27% YoY to $3.0B
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- Net income $8.4M vs $14.0M in Q3 2021; diluted EPS $1.04 vs $1.75.
- Net interest income rose 14.8% to $25.5M; net interest margin fell to 3.19% from 3.38%.
- Total loans $3.03B (+27% YoY); total deposits $3.00B (+23% YoY).
- Provision for credit losses $950k (vs reversal of $6.0M in Q3 2021); net recoveries $1.6M.
- Nonperforming assets/total assets 0.08% vs 0.50% a year ago; classified asset ratio improved to 5.24%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677422002591/0001206774-22-002591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677422002591/sfb4121731-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-22-002591

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