Southern First Bancshares, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 30, 2026, reporting net income of $12,227 thousand for the third quarter.

Key Highlights

  • Net income of $12,227 thousand for the three months ended September 30, 2026, compared to $8,662 thousand in the same period of 2025.
  • Diluted EPS of $1.28 for Q3 2026, up from $1.07 in Q3 2025, on a diluted share count of 9,567,241.
  • Total assets reached $4,880,902 thousand at September 30, 2026, compared to $4,403,494 thousand at December 31, 2025.
  • Net interest income of $34,666 thousand for Q3 2026, versus $27,529 thousand in Q3 2025.
  • Total loans of $4,175,526 thousand at September 30, 2026, up from $3,845,124 thousand at December 31, 2025.
  • Total deposits of $4,105,204 thousand at September 30, 2026, compared to $3,716,803 thousand at December 31, 2025.
  • Shares outstanding of 9,491,038 as of October 22, 2026, up from 8,213,328 at December 31, 2025.

Southern First Bancshares Reports Third-Quarter 2026 Financial Results

According to the filing, Southern First Bancshares, Inc. (NASDAQ:SFST) reported net income of $12,227 thousand for the three months ended September 30, 2026, a increase from $8,662 thousand for the same period in 2025. For the nine months ended September 30, 2026, the company disclosed net income of $33,309 thousand, compared to $20,509 thousand for the nine months ended September 30, 2025. Basic earnings per share for the nine-month period were reported as $3.73, versus $2.55 in the prior-year period.

The filing reported total interest income of $60,501 thousand for Q3 2026, up from $54,986 thousand in Q3 2025, while total interest expense declined to $25,835 thousand from $27,457 thousand over the same comparison. The provision for credit losses was $1,400 thousand for the three-month period and $3,725 thousand for the nine-month period, compared to $850 thousand and $2,300 thousand, respectively, in the prior year. Total noninterest expenses for Q3 2026 were $20,304 thousand, with compensation and benefits representing the largest component at $12,078 thousand, according to the filing.

On the balance sheet, the filing showed total shareholders' equity of $462,052 thousand at September 30, 2026, compared to $368,657 thousand at December 31, 2025. The allowance for credit losses stood at $44,693 thousand at September 30, 2026, versus $42,280 thousand at year-end 2025. The company reported accumulated other comprehensive loss of $(12,411) thousand at September 30, 2026, compared to $(7,454) thousand at December 31, 2025, reflecting unrealized losses on securities available for sale during the period.

What Was Disclosed

Southern First Bancshares filed its quarterly report covering the period ended September 30, 2026, disclosing income statements, balance sheets, and equity changes. Net income grew year-over-year for both the three- and nine-month periods, while total assets and loans expanded from year-end 2025 levels.