Southern First Bancshares Inc. (NASDAQ: SFST), the holding company for Southern First Bank, has announced its financial results for the second quarter of 2025, ending June 30. The company reported a notable increase in total revenue, which rose by 24% compared to the same quarter in the previous year, making it one of the highest revenue-generating quarters in its 25-year history. Net income for the second quarter was $6.6 million, a $1.3 million increase from the first quarter of 2025 and a $3.6 million increase from the second quarter of 2024. Earnings per diluted share were reported at $0.81, up from $0.65 in the prior quarter and $0.37 a year earlier. Additionally, Southern First noted a strong business pipeline that is expected to fuel continued growth, supported by a solid balance sheet. The bank's net interest income also saw an increase, rising by $1.9 million from the previous quarter and by $5.8 million from the same quarter in 2024. The company's net interest margin improved to 2.50%, up from 2.41% in the first quarter of 2025 and 1.98% in the second quarter of 2024. Asset quality remained strong, with nonperforming assets to total assets at 0.27% and past due loans to total loans at 0.14%. The book value per common share increased 9% on an annualized basis from the first quarter of 2025 and 8% compared to the second quarter of 2024.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern First Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001206774-25-000458), on July 22, 2025, and is solely responsible for the information contained therein.
