Welcome to our dedicated page for Southern First news (Ticker: SFST), a resource for investors and traders seeking the latest updates and insights on Southern First stock.
Southern First Bancshares, Inc. reports developments for a South Carolina bank holding company whose wholly owned subsidiary, Southern First Bank, provides commercial, consumer and mortgage lending, deposit accounts and other banking services. The company operates across South Carolina markets including Greenville, Columbia and Charleston, North Carolina markets including Charlotte, Triangle and Triad, and Atlanta, Georgia.
Recurring news for SFST centers on operating and financial results, loan and deposit growth, net interest income and margin trends, credit quality, capital levels and common stock capital actions. Company updates also include governance changes such as board appointments and disclosures tied to shareholder voting and capital-structure matters.
Southern First (NASDAQ: SFST) reported first quarter 2026 results with net income of $9.9 million and diluted EPS of $1.19, up 83% year-over-year. Net interest income grew 29% to $30.3 million and total loans reached $3.94 billion. Retail deposits rose by $207.8 million.
Capital raise: the company issued 1,207,500 shares at $54.00 for gross proceeds of about $65.2 million to support growth and bank capital needs.
Southern First Bancshares (NASDAQ: SFST) closed an underwritten public offering on April 17, 2026, selling 1,207,500 shares at $54.00 per share, including a fully exercised 157,500-share option, generating approximately $65.2 million gross proceeds before discounts and expenses.
The company said it intends to use net proceeds for general corporate purposes, including supporting organic growth, providing capital to its bank subsidiary, redeeming or repurchasing indebtedness, and working capital. Piper Sandler served as sole book-runner; Keefe Bruyette & Woods served as co-manager.
Southern First Bancshares (NASDAQ: SFST) priced an underwritten public offering of 1,050,000 common shares at $54.00 per share, with underwriters granted a 30-day option for up to 157,500 additional shares.
The offering’s gross proceeds are approximately $56.7 million, or about $65.2 million if the option is fully exercised. Proceeds will be used for general corporate purposes including capital to the bank subsidiary and reducing indebtedness. Closing is expected on April 17, 2026, subject to customary conditions.
Southern First Bancshares (NASDAQ: SFST) announced an underwritten public offering of common stock on April 15, 2026. The company said it will grant underwriters a 30-day option to buy up to an additional 15% of the shares. Net proceeds are intended for general corporate purposes, including supporting organic growth, providing capital to the bank subsidiary, redeeming or repurchasing indebtedness such as subordinated debt, and working capital. Piper Sandler is sole book-running manager and Keefe Bruyette & Woods is co-manager. The company filed a shelf registration (File No. 333-293279) and a preliminary prospectus supplement with the SEC.
Southern First Bancshares (NASDAQ: SFST) reported Q4 2025 results with net income $9.9M and diluted EPS $1.21, up 73% YoY. Net interest margin improved to 2.72% (up 36 bps YoY, 10 bps QoQ). Total loans reached $3.845B (+6% YoY) and total deposits were $3.717B (+8% YoY). Asset quality remained strong: nonperforming assets/total assets 0.32%. Book value per share was $44.89 (up 11% YoY). Tangible common equity ratio was 8.37%.
Southern First Bancshares (NASDAQ: SFST) reported third quarter 2025 results for the nine months ended Sept 30, 2025, showing strong revenue and profitability gains.
Key metrics: net income $8.7M and diluted EPS $1.07 (up 98% YoY), total revenue $31.1M (Q3 2025), net interest margin 2.62% (up 54 bps YoY), total loans $3.79B, core deposits $2.88B, Tangible Common Equity 8.18%, and nonperforming assets 0.27%. The company recorded a $850K provision for credit losses, including $350K for unfunded commitments, and noted increased past-due loans (0.18%). Management emphasized margin expansion, high-quality loan growth, and strong capital levels supporting business pipelines.
Southern First Bancshares (NASDAQ: SFST) reported strong Q2 2025 financial results with net income of $6.6 million, or $0.81 per diluted share, marking a 119% increase from Q2 2024. The bank achieved total revenue growth of 24% year-over-year, with net interest margin expanding to 2.50%. Total loans reached $3.7 billion, growing 7% annualized from Q1 2025, while core deposits increased to $2.9 billion.
The bank maintained strong asset quality with nonperforming assets at 0.27% of total assets and past due loans at 0.14%. The efficiency ratio improved to 67.54% from 80.87% year-over-year, demonstrating enhanced operational efficiency. Book value per share increased 8% year-over-year to $42.23, with a tangible common equity ratio of 8.02%.
[ "Net income increased 119% year-over-year to $6.6 million", "Total revenue grew 24% compared to Q2 2024", "Net interest margin expanded to 2.50% from 1.98% year-over-year", "Efficiency ratio improved significantly to 67.54% from 80.87%", "Strong asset quality with nonperforming assets at only 0.27%", "Book value per share grew 8% year-over-year to $42.23" ]Southern First Bancshares (NASDAQ: SFST) reported Q1 2025 financial results with net income of $5.3 million and diluted earnings per share of $0.65, marking a 109% increase compared to Q1 2024. The bank achieved a net interest margin of 2.41%, up from 2.25% in Q4 2024 and 1.94% in Q1 2024.
Key highlights include total loans reaching $3.7 billion (6% annualized growth over Q4 2024) and core deposits of $2.8 billion (23% annualized growth). Asset quality remained strong with nonperforming assets to total assets at 0.26% and past due loans at 0.27%. The bank maintained solid capital ratios with a book value per share of $41.33 and a Tangible Common Equity ratio of 7.88%.
Southern First Bancshares (NASDAQ: SFST) has announced the promotion of Wes Wilbanks to Chief Credit Officer and Executive Vice President. Wilbanks, who joined the company in 2021 as Senior Credit Risk Officer, brings 25 years of banking experience to the role.
The bank, which operates in 13 locations across South Carolina, North Carolina, and Georgia, has consolidated assets of approximately $4.1 billion. Southern First Bank serves the Greenville, Columbia, and Charleston markets of South Carolina, the Charlotte, Triangle and Triad regions of North Carolina, and Atlanta, Georgia, positioning itself as the second largest bank headquartered in South Carolina.