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Stock impact report

Southern First Reports Results for Third Quarter 2024 [Yahoo! Finance]

Southern First Bancshares, Inc. (SFST) 
Last southern first bancshares, inc. earnings: 4/28 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4049367
Company Research Source: Yahoo! Finance
Oct. 22, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST) , holding company for Southern First Bank, today announced its financial results for the three-month period ended September 30, 2024 "Our third quarter results continued our positive momentum and outlook this year. Our focus on building a high-quality balance sheet again rewarded us with outstanding asset quality performance, which is among the industry's best. We are well-positioned for increasing profitability in this operating environment despite persistent growth headwinds and uncertain interest rate moves by the Fed," stated Art Seaver , the Company's Chief Executive Officer. "This quarter we executed on opportunities to lower our funding costs, which is reflected in our solid margin expansion. Our team did an outstanding job of growing core checking accounts by 21%, annualized. Loan growth was flat due to our deliberate actions around disciplined pricing and high credit quality standards. We also beli Show less Read more
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