Southern First Reports First Quarter 2025 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2025
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Source: Newsfilter
Financial Performance: Southern First Bancshares reported a net income of $5.3 million for Q1 2025, marking a 109% increase from the same quarter in 2024, driven by strong loan and deposit growth along with improved net interest margins.
Asset Quality and Growth Strategy: The company maintains excellent asset quality with nonperforming assets at 0.26% of total assets, while also focusing on expanding its market presence and supporting community initiatives as it celebrates its 25th anniversary.
Analyst Views on SFST
About SFST
Southern First Bancshares, Inc. is a bank holding company. The Company’s primary business is to serve as the holding company for Southern First Bank (the Bank). The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC), and providing commercial, consumer and mortgage loans to the general public. The Company, through the Bank, provides a range of financial services to individuals and companies in South Carolina, North Carolina, and Georgia. These services include demand, time, and savings deposits; lending services; automated teller machine (ATM) processing, and mortgage banking services. In addition to deposit and loan services, it offers other bank services such as Internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment and mobile banking services. The Bank has approximately eight retail offices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
