{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-23-000537","form_type":"8-K","ticker":"SFST","cik":"0001090009","company_name":"SOUTHERN FIRST BANCSHARES INC","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.907960+00:00","generated_at":"2026-06-16T15:27:40.444829+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Southern First Q1 net income $2.7M ($0.33 EPS), NIM compresses to 2.36%","bullets":["Net income $2.7M, down 51% from Q4 2022 ($5.5M) and 66% from Q1 2022 ($8.0M); diluted EPS $0.33.","Net interest margin (tax-equivalent) fell to 2.36% from 2.88% in Q4 2022 and 3.37% in Q1 2022, driven by 475bp rate hikes.","Total deposits grew 27% YoY to $3.4B; total loans up 28% YoY to $3.4B.","Nonperforming assets increased to 0.12% of total assets (0.07% in Q4 2022) due to three commercial loans on nonaccrual.","Provision for credit losses $1.8M; allowance for credit losses 1.18% of loans."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-23-000537","json":"https://secwatch.observer/filing/0001206774-23-000537.json","markdown":"https://secwatch.observer/filing/0001206774-23-000537.md","text":"https://secwatch.observer/filing/0001206774-23-000537.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090009/000120677423000537/0001206774-23-000537-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090009/000120677423000537/sfb4121731-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T15:27:40.444829+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6b56e753956d913177d7af3bf043fa98a8b77da0","claim":"SOUTHERN FIRST BANCSHARES INC reported first quarter of 2023 results: revenue 22,468, net income $2.7 million, EPS $0.33 per diluted share.","evidence_excerpt":"per share data) : Net income available to common shareholders $ 2,703 5,492 8,413 7,240 7,970 Earnings per common share, diluted 0.33 0.68 1.05 0.90 0.98 Total revenue (1) 22,468 25,826 28,134 27,149 26,091 Net interest margin (tax-equivalent) (2) 2.36% 2.88% 3.19% 3.35% 3.37% Return on average assets (3) 0.30% 0.63% 1.00% 0.92% 1.10% Return on average","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677423000537/0001206774-23-000537-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2023"},{"label":"Revenue","value":"22,468"},{"label":"Net income","value":"$2.7 million"},{"label":"EPS","value":"$0.33 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}