Southern First Bancshares reports Q4 EPS 70c vs. 51c last year

Reports Q4 revenue $25.24M vs. $21.39M last year and Q4 net interest margin of 2.25% vs. 2.08% for Q3 2024 and 1.92% for Q4 2023. Common equity tier 1 ratio was 10.75% in Q4 from 10.58% in Q3. “Our financial performance this quarter reflects continued momentum in margin and gives us great optimism as a starting point for 2025. Asset quality remained outstanding with excellent performance metrics and a positive outlook. Our balance sheet performed as we expected with the Fed’s interest rate cuts, and our margin continued to expand each quarter this year. Our capital ratios remain strong, and we are pleased with our growth in book value to $40.47 to end the year.” stated CEO Art Seaver. “After 25 years, we are proud of the company we have built and our continued mission to impact lives in the communities we serve. We are well-positioned with a strong balance sheet and healthy pipelines to continue the positive trends in performance and generating value for our shareholders.”