The latest update is out from Southern First Bancshares ( (SFST) ).
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Southern First Bancshares, Inc. reported strong financial results for Q3 2024, with net income of $4.4 million and significant growth in core checking accounts by 21% annualized. Despite challenges in loan growth, the company achieved a net interest margin of 2.08%, reflecting effective cost management. CEO Art Seaver emphasized the focus on high-quality assets and the anticipation of increased profitability amid economic uncertainties. The bank’s commitment to relationship banking continues to build robust business pipelines, positioning it well for future opportunities.
For an in-depth examination of SFST stock, go to TipRanks’ Stock Analysis page.
