Southern First Bancshares Reports Q2 2024 Net Income of $3.0 Million and EPS of $0.37

SOUTHERN FIRST BANCSHARES INC

2024-Q2 EPS reported $0.68 revenue$3,087,000

Net income of $3.0 million, up from $2.5 million in Q1 2024; diluted EPS $0.37.
Total loans decreased $21.2 million to $3.62 billion; deposits nearly flat at $3.46 billion.
Nonperforming assets rose to 0.27% of assets from 0.09%, driven by $8.0 million in new nonaccrual loans.
Net interest margin improved to 1.98% from 1.94% in prior quarter.
New CFO Chris Zych joined during the quarter.

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