Southern First expands quarterly profit as lending growth and margins strengthen
Southern First Bancshares ($SFST) reported quarterly net income of $12.2 million, up 41%, while earnings per share increased 21% to $1.28 from $1.06. Revenue rose 21% to $37.5 million and net interest income increased 26%. Net interest margin reached 3.02%, compared with 2.62% a year earlier and 2.87% in the preceding quarter, supporting the stronger operating result. Loans increased by $145 million sequentially to $4.2 billion and retail deposits rose by $163 million to $3.7 billion. The credit
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