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.
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