secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001206774-25-000242
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern First Q1 net income $5.3M ($0.65 EPS) up 109% YoY; NIM expands to 2.41%
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- Net income of $5.3M, diluted EPS $0.65, up 108.8% vs Q1 2024 EPS of $0.31.
- Net interest margin (tax-equivalent) 2.41%, up 47 bps from 1.94% a year ago.
- Total loans $3.68B, up 6% annualized QoQ; core deposits $2.82B, up 23% annualized QoQ.
- Nonperforming assets / total assets 0.26%; allowance for credit losses 1.10% of loans.
- Book value per common share $41.33, up 6.9% from $38.65 a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677425000242/0001206774-25-000242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677425000242/sfst4472061-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-25-000242

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