{"schema_version":"secwatch.filing_event.v1","accession":"0001206774-24-000377","form_type":"8-K","ticker":"SFST","cik":"0001090009","company_name":"SOUTHERN FIRST BANCSHARES INC","filed_at":"2024-04-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.239556+00:00","generated_at":"2026-06-03T18:06:16.265849+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Southern First Q1 net income falls to $2.5M from $2.7M YoY; NIM compresses to 1.94%","bullets":["Net income $2.5M ($0.31 diluted EPS) vs $2.7M ($0.33) Q1 2023 and $4.2M ($0.51) Q4 2023.","Net interest margin 1.94% vs 2.36% YoY; improved 2 bps from Q4 2023's 1.92%.","Total loans $3.64B (+6.6% YoY); total deposits $3.46B (+1.0% YoY).","Nonperforming assets 0.09% of assets; no provision for credit losses; net charge-offs 0.03% annualized.","Efficiency ratio worsened to 84.94% from 76.12% a year ago; noninterest expense $18.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001206774-24-000377","json":"https://secwatch.observer/filing/0001206774-24-000377.json","markdown":"https://secwatch.observer/filing/0001206774-24-000377.md","text":"https://secwatch.observer/filing/0001206774-24-000377.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1090009/000120677424000377/0001206774-24-000377-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1090009/000120677424000377/sfst4324931_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T18:06:16.265849+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":"521d593a2a5ff1a846227f5963e5769f7042ada4","claim":"SOUTHERN FIRST BANCSHARES INC reported the three-month period ended March 31, 2024 results: net income $2.5 million, EPS $0.31.","evidence_excerpt":"On April 18, 2024, Southern First Bancshares, Inc., holding company for Southern First Bank, issued a press release announcing its financial results for the period ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1090009/000120677424000377/0001206774-24-000377-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three-month period ended March 31, 2024"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.31"},{"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"}