Southern First Bancshares Q4 EPS $0.51 Beats $0.38 Estimate, Sales $19.06M Miss $20.52M Estimate
Portfolio Pulse from Benzinga Newsdesk
Southern First Bancshares (NASDAQ:SFST) reported Q4 earnings of $0.51 per share, surpassing the $0.38 estimate, but experienced a 25% decrease from the previous year's $0.68. Sales were $19.06M, falling short of the $20.52M estimate and showing a 20.98% decline from the prior year's $24.12M.

January 18, 2024 | 9:18 pm
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SFST surpassed EPS estimates but reported a significant year-over-year decline in earnings and missed sales forecasts, indicating mixed financial performance.
While SFST's earnings per share exceeded expectations, the decline in year-over-year earnings and missed sales estimates could lead to mixed reactions in the short term. Investors may be pleased with the EPS beat but concerned about the sales miss and earnings decline.
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RELEVANCE 100