Southern First Bancshares ( (SFST) ) has released its Q2 earnings. Here is a breakdown of the information Southern First Bancshares presented to its investors.
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Southern First Bancshares, Inc., headquartered in Greenville, South Carolina, operates as a bank holding company for Southern First Bank, providing financial services across South Carolina, North Carolina, and Georgia. The company is recognized for its focus on community involvement and client service, with a strong presence in its regional markets.
Southern First Bancshares reported a robust second quarter for 2025, showcasing significant revenue growth and solid financial performance. The company achieved a 24% increase in total revenue compared to the same quarter last year, marking one of the highest revenue-generating quarters in its history.
Key financial highlights include a 25% increase in diluted earnings per share from the previous quarter, reaching $0.81, and a 119% increase compared to the second quarter of 2024. The net interest margin improved to 2.50%, and total loans grew to $3.7 billion, reflecting a 7% annualized increase. The company’s asset quality remains strong, with nonperforming assets at 0.27% of total assets.
The company also announced the addition of three new board members, enhancing its leadership team with diverse expertise. Southern First continues to attract experienced bankers, further strengthening its market position and service offerings.
Looking ahead, Southern First Bancshares remains optimistic about its growth prospects, supported by a solid balance sheet and a strong business pipeline. The company is poised to continue delivering improved financial performance, despite potential challenges in the broader economic environment.