Recent Updates — SFST

Southern First Bancshares reported third-quarter net income of $12.2 million and diluted earnings per share of $1.28, representing a 41% increase from the prior year period and a 9% rise from the second quarter. Net interest income grew 26% to $34.7 million, driven by strong loan growth that expanded the portfolio by $145 million to $4.2 billion. The net interest margin improved 40 basis points year-over-year to 3.02%. Total revenue reached $37.5 million, while noninterest expense increased 7% to $20.3 million. Asset quality remained strong with nonperforming assets at 0.30% of total assets and net charge-offs annualized at 0.07% of average loans. The company operates as a bank holding company providing commercial banking services in the Southeast.

Southern First Bancshares, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Net income reached $11.2 million, a 70% increase from $6.6 million in the second quarter of 2025, resulting in diluted earnings per share of $1.20. Total revenue rose 25% year-over-year to $35.9 million, driven by a 28% increase in net interest income to $32.4 million. The company strengthened its capital position by raising $65.2 million through the issuance of 1.2 million additional common shares earlier in the quarter. Total loans grew to $4.0 billion, while retail deposits increased by $184 million. The company is a financial holding company providing banking services through Southern First Bank.