secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001206774-25-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Q4 2024 EPS $0.70, net income up 30% QoQ; NIM 2.25% up 33bp YoY
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- Net income $5.6M ($0.70 diluted EPS) vs $4.4M in Q3 2024 and $4.2M in Q4 2023.
- Net interest margin (tax-equivalent) 2.25%, up 17bp QoQ and 33bp YoY; net interest income $22.5M.
- Total loans $3.63B, total deposits $3.44B; nonperforming assets 0.27% of total assets.
- Book value per share $40.47, TCE ratio 8.08%; capital ratios remain strong.
- Reversal of provision for credit losses $200K; net charge-offs $2K (annualized 0.00%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677425000031/0001206774-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677425000031/sfst4432111-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-25-000031

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