Quarterly ResultMay 1, 2026, 09:23 AM
SFST Q1 Net Income $9.89M, EPS $1.21; Net Interest Income +29.4%
AI Summary
Southern First Bancshares Inc. reported strong first-quarter 2026 results with net income increasing to $9.89 million, up significantly from $5.27 million in Q1 2025. Diluted EPS rose to $1.19 from $0.65. The company saw robust growth in net interest income, which climbed 29.4% year-over-year, driven by higher interest income and lower interest expense. Total assets and deposits also increased quarter-over-quarter.
Key Highlights
- Net income for Q1 2026 increased to $9.89 million, up 87.8% from $5.27 million in Q1 2025.
- Diluted earnings per share rose to $1.19 in Q1 2026, compared to $0.65 in Q1 2025.
- Net interest income grew 29.4% to $30.26 million in Q1 2026 from $23.38 million in Q1 2025.
- Total assets increased to $4.58 billion at March 31, 2026, from $4.40 billion at December 31, 2025.
- Total deposits increased to $3.87 billion at March 31, 2026, from $3.72 billion at December 31, 2025.
- Loans, net, increased to $3.90 billion at March 31, 2026, from $3.80 billion at December 31, 2025.
- Provision for credit losses increased to $1.30 million in Q1 2026 from $0.75 million in Q1 2025.
Price Impact
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