Southern First Bancshares, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended of December 31, 2018
January 22, 2019 at 09:00 am EST
Share
Southern First Bancshares, Inc. reported unaudited earnings results for the fourth quarter and full year ended of December 31, 2018. For the quarter, the company reported interest income was $21,079,000 compared with $16,364,000 a year ago. Net interest income was $15,997,000 compared with $13,608,000 a year ago. Net income available to common shareholders of $5,783,000 compared with $2,080,000 a year ago. Basic earnings per share were $0.78 compared with $0.29 a year ago. Diluted earnings per share were $0.75 compared with $0.27 a year ago.
For the year, the company reported interest income was $76,657,000 compared with $61,209,000 a year ago. Net interest income was $60,152,000 compared with $50,876,000 a year ago. Net income available to common shareholders of $22,289,000 compared with $13,045,000 a year ago. Basic earnings per share were $3.02 compared with $1.86 a year ago. Diluted earnings per share were $2.88 compared with $1.76 a year ago.
Southern First Bancshares, Inc. is a bank holding company. The Companyâs primary business is to serve as the holding company for Southern First Bank (the Bank). The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC), and providing commercial, consumer and mortgage loans to the general public. The Company, through the Bank, provides a range of financial services to individuals and companies in South Carolina, North Carolina, and Georgia. These services include demand, time, and savings deposits; lending services; automated teller machine (ATM) processing and mortgage banking services. In addition to deposit and loan services, it offer other bank services such as Internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment and mobile banking services. The Bank has approximately eight retail offices.