Common Stock
- Symbol
- SFST
- Exchange
- NASDAQ
- Classification
- COMMON
- Status
- Current
Current Report · Items 8.01 · 8-K
Southern First Bancshares, Inc.
SFSTNASDAQEQUITYCurrent
Other Events
ITEM 8.01 Other Events. The Board of Directors of Southern First Bancshares, Inc. (the “Company”) announced the authorization for the repurchase of up to $10.0 million of the Company’s common stock, or approximately 2%, under a share repurchase plan.…
Company context
Southern First Bancshares, Inc., Greenville, South Carolina is a registered bank holding company incorporated under the laws of South Carolina. The company’s wholly owned subsidiary, Southern First Bank, is the second largest bank headquartered in South Carolina. Southern First Bank has been providing financial services since 1999 and now operates in 12 locations in the Greenville, Columbia, and Charleston markets of South Carolina as well as the Charlotte, Triangle and Triad regions of North Carolina and Atlanta, Georgia. Southern First Bancshares has consolidated assets of approximately $4.9 billion, and its common stock is traded on The NASDAQ Global Market under the symbol “SFST.” More information can be found at www.southernfirst.com.
Current securities
Registered securities in this filing
Southern First Bancshares, Inc. · 8-K · Filed 2026-08-28
Disclosure sections
Item 8.01Item 8.01 - Other Events
ITEM 8.01 Other Events.
The Board of Directors of Southern First Bancshares,
Inc. (the “Company”) announced the authorization for the repurchase of up to $10.0 million of the Company’s common stock,
or approximately 2%, under a share repurchase plan.
Under the repurchase plan, the Company may repurchase
shares from time to time by means of, among other means, open market purchases and in solicited and unsolicited privately negotiated transactions.
The actual means and timing of any purchases, quantity of purchased shares and prices will be, subject to certain limitations, at the
discretion of management and will depend on a number of factors, including the market price of the Company’s common stock, share
issuances under Company equity plans, general market and economic conditions, and applicable legal and regulatory requirements.
The Company’s management believes the repurchase
plan, depending upon market and business conditions, may, among other things, provide capital management opportunities for the Company.
The Company is not obligated to repurchase any such shares under the repurchase plan. The repurchase plan may be discontinued, suspended
or restarted at any time; however, repurchases under the share repurchase plan after August 23, 2027, would require additional Board of
Directors and Federal Reserve approval.