Southern First Bancshares Inc. reported net income available to common shareholders of $8.66 million for the third quarter of 2025, up from $6.58 million in the previous quarter and $4.38 million in the third quarter of 2024. Total revenue reached $31.13 million, compared to $28.63 million in the prior quarter and $23.77 million in the same period last year. The net interest margin was 2.62%, rising from 2.50% in the previous quarter and 2.08% in the third quarter of 2024. Return on average assets was 0.80%, while return on average equity was 9.78%. The efficiency ratio improved to 60.86% from 67.54% in the previous quarter. Total loans amounted to $3.8 billion and core deposits were $2.9 billion, both showing increases on an annualized basis from the prior quarter. Nonperforming assets to total assets stood at 0.27%, and past due loans to total loans were 0.18%. Book value per common share was $43.51, and the tangible common equity ratio was 8.18%.
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