---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-24-000023"
form_type: "8-K"
ticker: "SFST"
cik: "0001090009"
company_name: "SOUTHERN FIRST BANCSHARES INC"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T21:42:10.799914+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Southern First Q4 net income $4.2M ($0.51 EPS); net interest margin narrows to 1.92%

## Summary
- Net income $4.2M in Q4 2023, down from $5.5M in Q4 2022; diluted EPS $0.51 vs $0.68.
- Full-year net income $13.4M ($1.66 EPS) vs $29.1M ($3.61 EPS) in 2022.
- Net interest margin (tax-equivalent) fell to 1.92% from 2.88% a year ago due to rising deposit costs.
- Total loans grew to $3.60B (up 10% YoY); total deposits $3.38B (up 8% YoY).
- Nonperforming assets to total assets remained low at 0.10%; allowance for credit losses 1.13% of loans.

## SEC filing metadata
- accession: 0001206774-24-000023
- form_type: 8-K
- ticker: SFST
- cik: 0001090009
- company_name: SOUTHERN FIRST BANCSHARES INC
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090009/000120677424000023/0001206774-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090009/000120677424000023/sfst4287851-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-24-000023
- JSON: https://secwatch.observer/filing/0001206774-24-000023.json
- Plain text: https://secwatch.observer/filing/0001206774-24-000023.txt

## Key facts
- Earnings Releases
  SOUTHERN FIRST BANCSHARES INC reported the three and twelve months ended December 31, 2023 results: net income Net income was $4.2 million, EPS $0.51 per diluted share.
  - Period: the three and twelve months ended December 31, 2023
  - Net income: Net income was $4.2 million
  - EPS: $0.51 per diluted share
  - Result: reported results
  source text: On January 18, 2024, Southern First Bancshares, Inc., holding company for Southern First Bank, issued a press release announcing its financial results for the period ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090009/000120677424000023/0001206774-24-000023-index.htm

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