Quarterly ResultOct 20, 2026, 08:36 AM
Southern First Bancshares Q3 EPS $1.28, Up 21% YoY
AI Summary
Southern First Bancshares, Inc. reported strong financial results for the third quarter of 2026, with diluted earnings per share of $1.28, a 21% increase year-over-year. Net income rose 41% to $12.2 million, driven by a 26% increase in net interest income and a 40 basis point expansion in net interest margin. The company also saw significant loan growth of 10.2% and a 19.6% increase in retail deposits, while maintaining strong asset quality with nonperforming assets at 0.30% of total assets.
Key Highlights
- Diluted earnings per common share was $1.28, up 21% year-over-year and up 7% from the prior quarter.
- Net income improved to $12.2 million, a 41% increase compared to the third quarter of 2025.
- Total revenue increased 21% year-over-year to $37.5 million.
- Net interest income improved by 26% year-over-year to $34.7 million.
- Net interest margin expanded 40 basis points year-over-year to 3.02%.
- Total loans grew 10.2% year-over-year to $4.18 billion.
- Retail deposits increased 19.6% year-over-year to $3.72 billion.
- Nonperforming assets to total assets remained low at 0.30%.
Price Impact
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