Southern First Bancshares reports Q2 EPS 81c vs. 37c last year

Reports Q2 net interest margin of 2.50% vs. 2.41% for Q1 2025 and 1.98% for Q2 2024. Book value per common share was $42.23 from $41.33 at previous quarter end. Common equity tier 1 ratio was 10.71% from 10.75% in the previous quarter. “Our Q2 results reflect the strength of our team who continues to generate high-quality, profitable growth in our vibrant markets. We had another quarter of solid margin expansion, a testament to our pricing focus and discipline on both sides of the balance sheet. This quarter was one of the highest revenue generating quarters in our 25-year history with total revenue growing 24% over the same quarter a year ago. Our business pipelines are strong, which will provide for healthy growth in the foreseeable future, supported by our solid balance sheet. Our asset quality is among the best in the industry. We are not immune to the potential effects of the broader and ever-changing operating environment, but we are confident in our ability to deliver improving financial performance as we have demonstrated so far this year,” stated CEO Art Seaver. “This quarter we were proud to announce the addition of three new Board members, who are located across our markets and have already begun to make valuable contributions to the leadership of our company through their incredible backgrounds of community involvement and professional expertise…We have a great sense of enthusiasm and optimism about our outlook for the remainder of this year and beyond.”