Southern First Q3 2026: EPS $1.28 (+21% YoY), Net Income $12.2M (+41%)
SFST sits 45% above its 52-week low of $40.895.
Summary
Southern First reported Q3 2026 net income of $12.2 million (+41% YoY) and diluted EPS of $1.28 (+21% YoY), driven by 26% net interest income growth and a 3.02% net interest margin. Loan and retail deposit growth stayed strong, and credit metrics held steady.
Key Events · Earnings and Guidance · SFST
-
Q3 2026 Earnings Beat Prior Year
Net income of $12.2 million, up 41% from Q3 2025 and 9% from Q2 2026; diluted EPS of $1.28, up $0.22 or 21% year-over-year.
-
Margin Expansion Drives Revenue
Net interest margin rose to 3.02%, up 40 bps YoY and 15 bps QoQ; net interest income grew 26% YoY to $34.7 million, and total revenue reached $37.5 million (+21% YoY).
-
Loan and Deposit Growth Strong
Total loans grew $145 million (14% annualized) to $4.2 billion, and retail deposits grew $163 million (18% annualized) to $3.7 billion in the quarter.
-
Asset Quality Remains Solid
Nonperforming assets were 0.30% of total assets and net charge-offs were 0.07% of average loans annualized; allowance for credit losses was 1.07% of loans.
Analysis · SFST · Finance
Southern First posted a strong third quarter, with net income up 41% year-over-year to $12.2 million and diluted EPS up 21% to $1.28. Net interest margin expanded 40 basis points to 3.02%, supported by loan growth of 14% annualized and retail deposit growth of 18% annualized. Asset quality held steady: nonperforming assets were 0.30% of total assets and net charge-offs just 0.07% of average loans. The one soft spot was noninterest income, down 20% year-over-year to $2.9 million, as the bank retained more mortgage loans on balance sheet instead of selling them. Capital remains solid, with CET1 at 12.75% and tangible common equity at 9.47% of assets, following the $65.2 million equity raise completed in April 2026.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SFST was trading at $59.13 on NASDAQ in the Finance sector, with a market capitalization of approximately $560.1M. The 52-week trading range was $40.90 to $65.09. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.