Headquartered in Greenville, SC Fiscal year ends December NASDAQ: SFST southernfirst.com
Southern First Bancshares, Inc. is a bank holding company whose wholly-owned subsidiary, Southern First Bank, is the second largest bank headquartered in South Carolina. Founded in 1999, the company operates a relationship-driven commercial banking model focused on small to medium-sized businesses, business owners, and professionals. Southern First operates through 12 offices across eight high-growth Southeastern metropolitan markets, including Greenville, Columbia, and Charleston in South Carolina; Charlotte, Raleigh/Triangle, and the Triad region of North Carolina; and Atlanta, Georgia. The company emphasizes organic growth over M&A, maintaining a branch-light delivery model supported by significant technology investment. Its product suite includes commercial real estate loans, construction loans, commercial business loans, consumer real estate and home equity loans, deposit and treasury services, and mortgage banking. With consolidated assets of approximately $4.9 billion, Southern First trades on the NASDAQ Global Market under the symbol SFST. Updated
Loan repricing is doing the heavy lifting at this $560 million Southeast lender: new loans are being written at 6.44%, a full 102 basis points above the existing portfolio yield. That repricing expanded net interest margin to 3.02% and lifted net income 41% year over year to $12.2 million.
Southern First Bancshares, Inc. is a bank holding company whose wholly-owned subsidiary, Southern First Bank, is the second largest bank headquartered in South Carolina.
The Wall Street consensus 12-month price target for SFST is $68.50.