The latest update is out from Southern First Bancshares ( (SFST) ).
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.