secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001206774-24-000679
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677424000679/0001206774-24-000679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677424000679/sfst4356421_8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-24-000679

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