KBRA Releases Surveillance Report for Southern First Bancshares, Inc.

On September 8, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Greenville, South Carolina-based Southern First Bancshares, Inc. (NASDAQ: SFST). KBRA also affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for the subsidiary, Southern First Bank. The Outlook for all long-term ratings was revised to Negative from Stable.

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