sfst: the income statement

MyFinsight

SOUTHERN FIRST BANCSHARES INC (SFST)

For the quarter ending 2025-06-30, SFST made $1,569K in revenue. $6,581K in net income. Net profit margin of 419.44%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Mortgage banking income	1,569	1,424	1,449	1,923
Other income	199	196	271	213
Income from bank owned life insurance	413	403	401	384
Service fees on deposit accounts	567	539	455	416
Atm and debit card income	586	552	599	587
Total noninterest income	3,334	3,114	3,175	3,523
Professional fees	609	509	548	582
Other	1,034	1,054	833	903
Occupancy	2,523	2,548	2,595	2,552
Marketing	397	374	319	389
Compensation and benefits	11,674	11,304	10,789	11,290
Outside service and data processing	2,189	2,037	1,930	1,962
Insurance	910	1,010	1,025	965
Total noninterest expenses	19,336	18,836	18,039	18,643
Provision for credit losses	700	750	-	500
Interest expense, operating and nonoperating	-	-	-	31,018
Federal funds sold and interest-bearing deposits with banks	1,969	1,159	2,209	2,583
Loans	48,992	47,085	47,550	46,545
Investment securities	1,357	1,403	1,412	1,418
Total interest income	52,318	49,647	51,171	50,546
Deposits	24,300	23,569	27,725	28,216
Borrowings	2,723	2,695	2,855	2,802
Total interest expense	27,023	26,264	30,580	-
Net interest income	25,295	23,383	20,591	19,528
Net interest income after provision for credit losses	24,595	22,633	20,591	19,028
Income before income tax expense	8,593	6,911	5,727	3,908
Income tax expense	2,012	1,645	1,345	909
Net income	6,581	5,266	4,382	2,999

Basic	0.81	0.65	0.54	0.37
Basic	8,118,895	8,078,355	8,064,283	8,125,869
Diluted	0.81	0.65	0.54	0.37
Diluted	8,133,789	8,110,514	8,089,176	8,140,822

Unit: Thousand (K) dollars (except for numbers of shares and EPS)