Southern First Reports Third Quarter 2026 Results
Southern First Bancshares reported Q3 2026 net income of $12.2 million, up 41% year-over-year, with diluted EPS of $1.28, a $0.22 or 21% increase over Q3 2025. Total revenue rose 21% YoY to $37.5 million, driven by 26% net interest income growth on strong loan volume and a 40-basis-point NIM expansion to 3.02%. Loans grew $145 million (14% annualized) and retail deposits grew $163 million (18% annualized).
Key figures
- Eps
- 1.28
- Revenue
- 37530000
- Revenue Yoy
- 21%
- Roa
- 1.03%
- Roe
- 10.54%
- Tce ratio
- 9.47%
- Cet1 ratio
- 12.75%
- Net income
- 12227000
- Total loans
- 4175526000
- Total assets
- 4880902000
- Net income yoy
- 41%
- Total deposits
- 4105204000
- Retail deposits
- 3718676000
- Efficiency ratio
- 54.10%
- Allowance pct loans
- 1.07%
- Net interest income
- 34666000
- Net interest margin
- 3.02%
- Book value per share
- 48.68
- Npa pct total assets
- 0.30%
- Net interest income yoy
- 25.9%
- Provision for credit losses
- 1400000
- Net charge offs pct avg loans
- 0.07%
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.