secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN FIRST BANCSHARES INC (SFST)
CIK:        0001090009
Form:       8-K
Filed at:   2026-10-20T12:30:44+00:00
Accession:  0001206774-26-000563
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Southern First Q3 EPS $1.28, up 21% YoY; NIM 3.02% as net interest income grows 26%
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- Net income $12.2M, up 41% YoY and 9% QoQ; diluted EPS $1.28 vs $1.06 a year ago; total revenue $37.5M, up 21% YoY.
- Net interest margin 3.02%, up 40 bps YoY and 15 bps QoQ; net interest income $34.7M (+26% YoY); return on average assets 1.03% vs 0.80%.
- Loans $4.18B, up $145M (14% annualized) QoQ; retail deposits $3.72B, up $163M (18% annualized) and 20% YoY; wholesale deposits cut 32% YoY to $386.5M.
- Noninterest income fell to $2.9M from $3.6M as mortgage banking income dropped 60% to $638K on retaining loans; service fees on deposits rose 45% to $906K.
- Credit metrics steady: NPAs 0.30% of assets, net charge-offs 0.07% annualized, provision $1.4M, ACL 1.07% of loans; TCE 9.47%, CET1 12.74%, BVPS $48.68.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1090009/000120677426000563/0001206774-26-000563-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1090009/000120677426000563/sfst4704891-8k.htm
  HTML page:      https://secwatch.observer/filing/0001206774-26-000563

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