Southern First Bancshares reports Q2 EPS 31c, consensus 32c

Q2 book value per common share increased to $37.42 at, or 6%, over Q2 of FY22. Reports Q2 net charge-offs of $425,000, or 0.03% annualized, compared to net charge-offs of $59,000 for the Q1 and net charge-offs of $277,000 for the Q2 of FY22 “I am proud of our team’s performance during a volatile quarter for the banking industry,” stated Art Seaver, the Company’s CEO. “It was a strong quarter in terms of new deposit accounts, loan growth, mortgage production, and credit quality. We witnessed margin stabilization in the latter half of the quarter and expect continued momentum in the second half of the year.”