secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001206774-26-000230
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 Q1 net income $9.9M, EPS $1.19 (+83% YoY); NIM expands to 2.88%
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- Diluted EPS $1.19 vs $0.65 YoY; net income $9.9M, up 88% from $5.3M.
- NIM 2.88% (+16 bps QoQ, +47 bps YoY); net interest income up 29% YoY.
- Loans $3.9B, up $97M (10% annualized) from Q4; retail deposit growth record $210M.
- Completed public offering of 1.21M shares at $54, gross proceeds $65.2M on April 17.
- NPAs 0.26% (down from 0.32% Q4); net charge-offs 0.01%; allowance 1.10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677426000230/0001206774-26-000230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677426000230/sfst4624051-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-26-000230

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