Highest-materiality recent filing
Southern First Bancshares appoints Bryan Kennedy to board; retired banker with 43 years experience
Appointed as director of Company and Bank effective June 1, 2026; will serve on Risk Committee.
Southern First Q1 net income $9.9M (EPS $1.19), up 88% YoY; completes $65M stock offering
Q1 2026 net income $9.9M, diluted EPS $1.19, up 88% and 83% YoY; NIM expanded 47bps to 2.88%.
Southern First Q1 net income $9.9M, EPS $1.19 (+83% YoY); NIM expands to 2.88%
Diluted EPS $1.19 vs $0.65 YoY; net income $9.9M, up 88% from $5.3M.
Southern First Bancshares prices 1.05M share offering at $54; expects ~$53.2M net proceeds
Offering of 1,050,000 shares of common stock at $54.00 per share, with 30-day option for additional 157,500 shares.
Public offering of common stock launched; underwriters have 30-day option to purchase up to 15% additional shares.
Southern First extends $15M revolver to March 2027, drops ROAA covenant
Modification of $15.0M revolving credit facility with TIB, National Association; maturity extended to March 5, 2027.
Southern First Q4 EPS $1.21, up 13% QoQ; NIM expands to 2.72%
Diluted EPS $1.21, up 13% from Q3 2025 and up 73% from Q4 2024.
Southern First Q3 diluted EPS $1.07, up 98% YoY; NIM expands to 2.62%
Net income $8.7M vs $4.4M in Q3 2024; diluted EPS $1.07 vs $0.54 (+98%).
Southern First Q2 EPS $0.81, up 119% YoY; NIM expands to 2.50%
Diluted EPS of $0.81 vs $0.37 in Q2 2024 (+119%) and $0.65 in Q1 2025 (+25%).
Southern First Bancshares authorizes up to $5M share repurchase (approx. 2% of common stock)
Board authorized repurchase of up to $5 million in common stock, representing about 2% of outstanding shares.
Southern First Bancshares appoints three new directors effective June 1, 2025
Appointed Ms. Jennifer S. Cluverius, Mr. Darrin Goss, Sr., and Mr. William M. McClatchey, Jr. as directors of the Company and Bank.
Annual meeting votes confirm director slate, compensation plan, and auditor ratification
All eight director nominees elected with majority support; broker non-votes of 746,180 on each.
Southern First Q1 net income $5.3M ($0.65 EPS) up 109% YoY; NIM expands to 2.41%
Net income of $5.3M, diluted EPS $0.65, up 108.8% vs Q1 2024 EPS of $0.31.
Southern First Bancshares CRO William M. Aiken III resigns effective March 31, 2025
William M. Aiken III, Chief Risk Officer since 2021, will resign on March 31, 2025.
Southern First Q4 2024 EPS $0.70, net income up 30% QoQ; NIM 2.25% up 33bp YoY
Net income $5.6M ($0.70 diluted EPS) vs $4.4M in Q3 2024 and $4.2M in Q4 2023.
Plan amendment adds administrative provisions for restricted stock unit (RSU) awards.
Southern First names Julie Fairchild as Chief Accounting Officer
Julie Fairchild, 50, appointed CAO of Southern First Bank effective October 13, 2024.
Southern First Q3 net income $4.4M ($0.54 EPS); net interest margin expands 10 bps to 2.08%
Net income $4.4M, diluted EPS $0.54 vs $0.37 in Q2 2024 and $0.51 in Q3 2023.
Southern First Bancshares Reports Q2 2024 Net Income of $3.0 Million and EPS of $0.37
Net income of $3.0 million, up from $2.5 million in Q1 2024; diluted EPS $0.37.
Elected directors Cothran (5.9M for), Johnstone (4.7M), Seaver (6.2M), Locke (6.2M); each had 823,055 broker non-votes.
Chris Zych appointed CFO of Southern First Bank; exec comp amended
Chris Zych, 53, named EVP & CFO of Southern First Bank; 30 yrs banking experience, previously at United Community Bank.
Southern First Q1 net income falls to $2.5M from $2.7M YoY; NIM compresses to 1.94%
Net income $2.5M ($0.31 diluted EPS) vs $2.7M ($0.33) Q1 2023 and $4.2M ($0.51) Q4 2023.
Southern First CFO D. Andrew Borrmann resigns effective March 29, 2024
D. Andrew Borrmann, CFO since April 2023, will resign from Southern First Bancshares and Southern First Bank.
Southern First Q4 net income $4.2M ($0.51 EPS); net interest margin narrows to 1.92%
Net income $4.2M in Q4 2023, down from $5.5M in Q4 2022; diluted EPS $0.51 vs $0.68.
Southern First Bancshares enters $15M revolving credit facility with TIB, replaces matured facility
Revolving loan of up to $15M; interest at WSJ Prime plus 0.25% per annum.
Southern First Q3 2023 net income $4.1M ($0.51 EPS); NIM falls to 1.97% from 3.19% YoY
Net income $4.1M ($0.51 diluted) vs $2.5M Q2 2023 and $8.4M Q3 2022.
Southern First Q2 net income $2.5M ($0.31 EPS), down 66% YoY; NIM falls to 2.05%
Net income $2.5M vs $7.24M in Q2 2022; diluted EPS $0.31 vs $0.90; total revenue $21.6M down from $27.1M.
Southern First Bancshares shareholders approve board declassification at annual meeting
Approved amendment to phase out classified board structure (6,495,350 for, 4,371 against, 6,722 abstain).
Southern First Q1 net income $2.7M ($0.33 EPS), NIM compresses to 2.36%
Net income $2.7M, down 51% from Q4 2022 ($5.5M) and 66% from Q1 2022 ($8.0M); diluted EPS $0.33.
Southern First Bancshares names D. Andrew Borrmann as CFO; salary $310k, term through Jan 2025
D. Andrew Borrmann, 52, named Executive VP and CFO of Southern First Bank, effective March 29, 2023.
Southern First Bancshares COO/CFO Michael D. Dowling resigns, effective Feb 15
COO and CFO Michael D. Dowling resigns effective February 15, 2023.
Southern First Q4 net income plunges 54% to $5.5M; EPS $0.68 vs $1.49 a year ago
Q4 2022 net income $5.5M ($0.68 diluted EPS) vs $12.0M ($1.49) in Q4 2021, down 54%.
Southern First Q3 net income $8.4M ($1.04 EPS); loans up 27% YoY to $3.0B
Net income $8.4M vs $14.0M in Q3 2021; diluted EPS $1.04 vs $1.75.
Southern First Bancshares appoints Cal Hurst as President, effective Aug 18, 2022
Cal Hurst promoted from Chief Banking Officer and EVP to President of the Company and the Bank.
Southern First Q2 net income $7.2M ($0.90 diluted EPS); loans up 26% YoY to $2.8B
Net income $7.2M ($0.90 diluted EPS) vs $10.3M ($1.29) in Q2 2021; net interest income up 16.1% to $24.9M.
Southern First Bancshares authorizes repurchase of up to 399,026 shares (~5% of common stock)
Board authorized repurchase of up to 399,026 shares, representing ~5% of outstanding common stock.
Elected four directors: Cubbage 5.4M for, Ellison 6.0M, Grayson-Caprio 5.7M, Orders 6.0M; broker non-votes 737K.
Southern First Q1 net income $8.0M ($0.98 EPS); loans up 22% to $2.7B
Net income $8.0M, diluted EPS $0.98 vs $1.49 in Q4 2021 and $1.31 in Q1 2021.
Southern First Bancshares receives FDIC CRA rating of 'Needs to Improve'
FDIC rated Southern First Bank's CRA performance 'Needs to Improve' for period Feb 12, 2018 – Mar 29, 2021.
Q4 net income $12.0M ($1.49 EPS) vs $8.6M ($1.10) YoY; loans up 16%
Net income $12.0M for Q4 2021 vs $8.6M in Q4 2020; diluted EPS $1.49 vs $1.10.
Southern First Bancshares enters $15M revolving credit facility with SouthState Bank
Revolving credit line of up to $15M, matures December 20, 2023.
Southern First Q3 2021 net income $14.0M ($1.75 EPS) up from $2.2M in Q3 2020
Net income $14.0M ($1.75 diluted EPS) vs $2.2M ($0.28) a year ago; revenue $26.4M.
Southern First Q2 net income $10.3M ($1.29 EPS), up 120% YoY; loans grow 10.7% to $2.25B
Net income $10.3M ($1.29 diluted EPS) vs $4.7M ($0.60) in Q2 2020, up 120.7% and 115%.
Effective June 1, 2026, the Boards of Directors of Southern First Bancshares, Inc. (the “Company”) and Southern First Bank (the “Bank”) approved the appointment of Mr. Bryan Kennedy as a director.
Effective June 1, 2025, the joint Board of Directors of Southern First Bancshares, Inc. (the “Company”), and Southern First Bank (the “Bank”), voted to approve the appointment of three new directors, Ms. Jennifer S. Cluverius, Mr. Darrin Goss, Sr., and Mr. William M. McClatchey, Jr.
Effective June 1, 2025, the joint Board of Directors of Southern First Bancshares, Inc. (the “Company”), and Southern First Bank (the “Bank”), voted to approve the appointment of three new directors, Ms. Jennifer S. Cluverius, Mr. Darrin Goss, Sr., and Mr. William M. McClatchey, Jr.
Effective June 1, 2025, the joint Board of Directors of Southern First Bancshares, Inc. (the “Company”), and Southern First Bank (the “Bank”), voted to approve the appointment of three new directors, Ms. Jennifer S. Cluverius, Mr. Darrin Goss, Sr., and Mr. William M. McClatchey, Jr.
On March 10, 2025, William M. Aiken, III, Chief Risk Officer of Southern First Bancshares, Inc. (the “Company”) and Southern First Bank (the “Bank” and together with the Company, the “Employer”), notified the Employer that he is resigning from his roles with the Employer, effective March 31, 2025.
On October 13, 2024, Southern First Bancshares, Inc. (the “Company”), announced that Julie A. Fairchild, 50, has been named Chief Accounting Officer of the Company’s wholly owned subsidiary, Southern First Bank (the “Bank”) effective immediately.
In connection with Ms. Fairchild’s appointment, the Company and the Bank’s current Chief Financial Officer, Christian Zych, has stepped down from the role of principal accounting officer.
On May 6, 2024, Southern First Bancshares, Inc. (the “Company”), announced that Christian Zych, 53, has been named Chief Financial Officer of the Company’s wholly owned subsidiary, Southern First Bank (the “Bank”).
On February 26, 2024, D. Andrew Borrmann, Chief Financial Officer of Southern First Bancshares, Inc. (the “Company”) and Southern First Bank (the “Bank” and together with the Company, the “Employer”), notified the Employer that he is resigning from his roles with the Employer , effective March 29, 2024 .
On April 3, 2023, Southern First Bancshares, Inc. (the “Company”), announced that D. Andrew Borrmann, 52, has been named Chief Financial Officer of the Company’s wholly owned subsidiary, Southern First Bank (the “Bank”).
On January 25, 2023, Michael D. Dowling, Chief Operating Officer and Chief Financial Officer of Southern First Bancshares, Inc. (the “Company”) and Southern First Bank (the “Bank” and together with the Company, the “Employer”), notified the Employer that he is resigning from his roles with the Employer, effective February 15, 2023.
Effective August 18, 2022, the board of directors (the “Board”) of Southern First Bancshares, Inc. (the “Company”), holding company for Southern First Bank (the “Bank”), appointed Calvin C. Hurst to serve as President of the Company and the Bank.
Max materiality 0.80 · Median 0.60 · Most common event earnings