secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001206774-23-001196
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Q3 2023 net income $4.1M ($0.51 EPS); NIM falls to 1.97% from 3.19% YoY
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- Net income $4.1M ($0.51 diluted) vs $2.5M Q2 2023 and $8.4M Q3 2022.
- Net interest margin (tax-equivalent) 1.97%, down 8 bps QoQ and 122 bps YoY.
- Loans $3.55B (+17% YoY); core deposits flat at $2.9B; total deposits $3.35B.
- Credit quality: NPAs/Assets 0.11%, net recoveries $126k; ACL/loans 1.16%.
- Book value per share $37.57, up 4% YoY; CET1 ratio improved to 10.17%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677423001196/0001206774-23-001196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677423001196/sfst4255921-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-23-001196

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