SOUTHERN FIRST BANCSHARES INC

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.

Southern First Bancshares, Inc. announced strong financial results for the second quarter of 2026. Net income rose 70% year-over-year to $11.2 million, with diluted earnings per share increasing 48% to $1.20. The company experienced robust growth in its loan portfolio and retail deposits, alongside significant net interest income growth and an improved capital position following a $65.2 million capital raise.

Southern First Bancshares, Inc. and Southern First Bank announced the appointment of Mr. Bryan Kennedy as a director to their respective Boards, effective June 1, 2026. Mr. Kennedy will also join the Risk Committee and participate in the standard non-employee director compensation. He brings 43 years of commercial banking experience, including founding Park Sterling Bank and serving as Northern Banking Group President at SouthState Bank. The Boards believe his extensive experience and ties to the Charlotte community will significantly benefit the Company and the Bank.

Southern First Bancshares, Inc. held its annual meeting on May 19, 2026, where shareholders approved all three proposals: the election of 16 directors, the non-binding resolution on executive compensation, and the ratification of Elliott Davis, LLC as the independent public accountant for 2026. The company also made available a presentation highlighting strong financial performance for year-end 2025, including a 96% YoY increase in net income to $30.4 million and a 95% YoY rise in diluted EPS to $3.72. Q1 2026 also showed significant growth with net income up 88% YoY to $9.9 million.

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.

Southern First Bancshares, Inc. announced its financial results for the first quarter ended March 31, 2026. The company issued a press release detailing these results, which is furnished as Exhibit 99.1 to the Form 8-K. Additionally, a slide presentation highlighting the financial results is available as Exhibit 99.2 and on the company's investor relations website.

Southern First Bancshares, Inc. and its subsidiary, Southern First Bank, entered into an Underwriting Agreement to offer 1,050,000 shares of common stock at $54.00 per share. The company expects to receive approximately $53.2 million in net proceeds from this public offering. Additionally, the underwriters have a 30-day option to purchase up to an extra 157,500 shares, which could increase net proceeds to about $61.3 million. This capital raise will support the company's operations.

Southern First Bancshares, Inc. has filed preliminary estimated unaudited financial results for the three months ended March 31, 2026. These preliminary results were included in a preliminary prospectus supplement related to an underwritten public offering of the company's common stock. The company emphasized that these are management estimates based on currently available information and are not yet finalized, nor are they necessarily indicative of future results.