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Southern First Bancshares, Inc.(SFST)Earnings, Financials & Key Ratios
SFST•NASDAQ•Banking & Credit
$61.12
16.3× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutSouthern First Bancshares, Inc. operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit. Its loan portfolio comprises commercial real estate loans; construction real estate loans; commercial business loans for various lines of businesses, such as the manufacturing, service industry, and professional service areas; consumer real estate and home equity loans; and other consumer loans, including secured and unsecured installment loans and revolving lines of credit. In addition, the company provides other bank services, such as internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment, and mobile banking services. It operates through eight retail offices located in Greenville, Charleston, and Columbia; three retail offices located in Raleigh, Greensboro, and Charlotte markets; and one retail office located in Atlanta. The company was incorporated in 1999 and is headquartered in Greenville, South Carolina.Show more
- Net Interest Income$105M+29.2%
- Total Revenue$225M+5.3%
- Net Income$30M+95.5%
- Return on Equity8.69%+79.8%
- Net Interest Margin2.38%+19.9%
- Efficiency Ratio33.63%-2.1%
- ROA0.72%+87.5%
- Equity / Assets8.37%+3.6%
- Book Value per Share45.56+11.9%
SFST Price & Volume
Southern First Bancshares, Inc. (SFST) stock price & volume — 10-year historical chart
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Aggressive Asset Growth Masks Persistent Margin Compression
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Accelerating
Profitability:Moderate
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:CRE concentration and funding
Key Thesis Takeaways
- Southern First Bancshares exhibits an aggressive growth strategy characterized by a 29.4% NII expansion in 2026Q1, yet this top-line momentum is undermined by persistent net interest margin constraints that have remained between 0.5% and 0.7% for ten consecutive quarters.
- The bank's reliance on volatile negative provisioning, such as the -$23.1M recorded in 2026Q1, raises significant concerns regarding the sustainability of reported earnings and the underlying quality of its commercial loan portfolio.
- Investors should remain cautious as the bank's efficiency ratio spiked to 59.2% in the most recent quarter, suggesting that operational costs are increasingly outpacing revenue generation.
Verdict Logic
the reliance on a $23.1 million negative provision to bolster 2026Q1 net income, combined with a stagnant 0.08 equity-to-assets ratio, suggests significant underlying credit and capital risks that outweigh the current growth trajectory.
SFST Growth Metrics
Southern First Bancshares, Inc. (SFST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years15.23%
5 Years12.95%
3 Years20.73%
TTM-
Profit CAGR
10 Years11.56%
5 Years10.63%
3 Years1.41%
TTM91.46%
EPS CAGR
10 Years9.24%
5 Years9.89%
3 Years1.28%
TTM89.82%
Return on Capital
10 Years8.45%
5 Years7.47%
3 Years3.91%
Last Year5.92%
SFST Recent Earnings
Southern First Bancshares, Inc. (SFST) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 21, 2026Metric
Actual
Est
EPS
$1.19-0.8%
$1.20
Rev
$34M+2.1%
$33M
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$1.21+9.0%
$1.11
Rev
$32M-0.2%
$32M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$1.07+20.2%
$0.89
Rev
$31M-1.2%
$32M
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$0.81+24.6%
$0.65
Rev
$29M-0.2%
$29M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $1.19vs $1.20-0.8% | $34Mvs $33M+2.1% |
| Q1 2026 | Jan 22, 2026 | $1.21vs $1.11+9.0% | $32Mvs $32M-0.2% |
| Q4 2025 | Oct 28, 2025 | $1.07vs $0.89+20.2% | $31Mvs $32M-1.2% |
| Q3 2025 | Jul 22, 2025 | $0.81vs $0.65+24.6% | $29Mvs $29M-0.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Southern First Bancshares, Inc. (SFST)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $61.12 | $577.9M | 16.30 | 5.29% | 13.52% | 8.69% | — | |
| $77.51 | $844.33M | 12.52 | -3.37% | 21.74% | 11.29% | — | |
| $68.55 | $537.61M | 11.68 | 4.93% | 22.17% | 10.86% | — | |
| $20.17 | $428.05M | 12.69 | 5.37% | 15.07% | 8.83% | — | |
| $49.63 | $2.58B | 14.90 | 10.36% | 19.66% | 9.83% | — | |
| $75.89 | $835.98M | 14.65 | 11.72% | 21.42% | 12% | — |
Compare SFST vs Peers
Southern First Bancshares, Inc. (SFST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SFST SEC Filings & Documents
Southern First Bancshares, Inc. (SFST) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SFST Frequently Asked Questions
Southern First Bancshares, Inc. (SFST) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Southern First Bancshares, Inc. growing?
Southern First Bancshares, Inc. (SFST) grew revenue by 5.3% over the past year. This is steady growth.
Is SFST profitable?
Yes, Southern First Bancshares, Inc. (SFST) is profitable, generating $35.0M in net income for fiscal year 2025 (13.5% net margin).
Dividend & Returns
What is SFST's return on equity?
Southern First Bancshares, Inc. (SFST) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.
Industry Metrics
What is Southern First Bancshares, Inc.'s net interest margin?
Southern First Bancshares, Inc. (SFST) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.
What is Southern First Bancshares, Inc.'s efficiency ratio?
Southern First Bancshares, Inc. (SFST) has an efficiency ratio of 33.6%. This is excellent, indicating strong cost control.