SOUTHERN FIRST BANCSHARES INC (SFST) Form 8-K — Jul 21, 2026
Southern First Bancshares reported strong second quarter 2026 results with net income of $11.2 million, representing a 70% increase over the prior year. Diluted earnings per share rose 48% year-over-year to $1.20, driven by a 28% increase in net interest income and margin expansion. The company achieved a net interest margin of 2.87%, a 37-basis point improvement from the second quarter of 2025. Total assets grew to approximately $4.7 billion, supported by a 9% annualized growth in the loan portfolio and a $184 million increase in retail client deposits.
Key figures
- Eps
- 1.20
- Revenue
- 35.9 million
- Net Income
- 11.2 million
- Revenue Yoy
- 25%
- Total Assets
- 4.7 billion
- Net Interest Margin
- 2.87%
- Net Charge Offs
- 0.01%
- Net Interest Income
- 32.4 million
- Retail Deposit Growth
- 184 million
- Common Equity Tier1 Ratio
- 12.81%
- Provision For Credit Losses
- 1.0 million
- Tangible Common Equity Ratio
- 9.62%
Price after filing
Close on the filing date to close N calendar days later (from $61.39). Historical, not a forecast.
AI analysis
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