| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.49 | 4.9% |
| Total Income | 1.49 | 4.9% |
| Expenditure | -10.99 | 100.2% |
| PBT | 12.48 | 80.6% |
| Net Profit | 9.89 | 87.7% |
| OPM | — | |
| NPM | 100.00% | 0.00pp |
| EPS | 1.21 | 86.2% |
Southern First Bancshares Announces Q1 2026 Preliminary Net Income of $9.9 Million
16 Apr 2026 · 16 Apr, 1:45 am
Summary
Southern First Bancshares, Inc. announced preliminary financial results for the quarter ended March 31, 2026. The company expects net income of approximately $9.9 million. They anticipate improvements in net interest income due to balance sheet repricing and lower funding costs. Continued balance sheet growth is expected, with total loans reaching approximately $3.94 billion and total deposits around $3.87 billion. The company also announced a public offering of shares of its common stock.
Key Highlights
- 1
Southern First Bancshares expects net income of approximately $9.9 million for the quarter ended March 31, 2026.
- 2
Net interest income is expected to improve, reflecting continued balance sheet repricing and lower funding costs.
- 3
Total loans are expected to be approximately $3.94 billion, representing approximately 10% annualized loan growth from December 31, 2025.
- 4
Total deposits are expected to be approximately $3.87 billion, representing approximately 17% annualized total deposit growth from December 31, 2025.
- 5
Retail deposits are expected to be approximately $3.37 billion, representing approximately 27% annualized retail deposit growth from December 31, 2025.
- 6
The company anticipates solid asset quality, with nonperforming assets to total assets of approximately 0.26%.
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