Southern First Bancshares Inc (SFST) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, Southern First Bancshares reported revenue of $118.1M, up 26.5% from $93.4M the year before. Net income was $30.4M (a 25.7% net margin), or $3.72 per diluted share. Net interest income was $105.0M, and the efficiency ratio (noninterest expense / revenue) was 64.0%. Operating activities generated $30.5M of cash, leaving $29.9M of free cash flow. At fiscal year end, Southern First Bancshares held $4.40B in total assets against $4.03B in total liabilities.
Open the full interactive Southern First Bancshares financials → Quarterly statements, key ratios, valuation history and price charts.
Southern First Bancshares Key Stats
| Share Price | $60.09 |
|---|---|
| Market Cap | $559.9M |
| P/E Ratio | 16.2 |
| Revenue YoY Growth | +26.5% |
| 52-Week Range | $41.15 – $64.60 |
| Shares Outstanding | 9.2 million (basic, 2026 Q2) |
Southern First Bancshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $79.8M | $87.7M | $97.6M | $77.7M | $81.2M | $105.0M |
| Provision for Credit Losses | $29.6M | -$12.4M | $6.2M | $1.3M | $125,000 | $3.0M |
| Noninterest Income | $27.4M | $17.1M | $9.6M | $9.9M | $12.1M | $13.1M |
| Noninterest Expense | $53.7M | $56.4M | $62.9M | $68.8M | $73.3M | $75.5M |
| Revenue | $107.2M | $104.8M | $107.2M | $87.5M | $93.4M | $118.1M |
| Pre-Tax Income | $23.8M | $60.8M | $38.1M | $17.4M | $19.9M | $39.6M |
| Income Tax | $5.5M | $14.1M | $9.0M | $4.0M | $4.4M | $9.2M |
| Net Income | $18.3M | $46.7M | $29.1M | $13.4M | $15.5M | $30.4M |
| Diluted EPS | $2.34 | $5.85 | $3.61 | $1.66 | $1.91 | $3.72 |
Southern First Bancshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $31.1M | $31.8M | $33.8M | $35.9M |
| Net Income | $8.7M | $9.9M | $9.9M | $11.2M |
| Diluted EPS | $1.07 | $1.21 | $1.19 | $1.20 |
Southern First Bancshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $100.7M | — | $5.8M | — | — | — |
| Loans (Net) | $2.10B | $2.46B | $3.23B | $3.56B | — | — |
| Total Assets | $2.48B | $2.93B | $3.69B | $4.06B | $4.09B | $4.40B |
| Deposits | $2.14B | $2.56B | $3.13B | $3.38B | $3.44B | $3.72B |
| Total Long-Term Debt | $76.0M | $51.1M | $211.2M | $311.3M | $264.9M | $264.9M |
| Total Liabilities | $2.25B | $2.65B | $3.40B | $3.74B | $3.76B | $4.03B |
| Shareholders' Equity | $228.3M | $277.9M | $294.5M | $312.5M | $330.4M | $368.7M |
Southern First Bancshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $20.6M | $78.1M | $50.3M | $17.7M | $25.6M | $30.5M |
| Cash From Investing | -$230.8M | -$410.6M | -$792.6M | -$378.6M | -$28.9M | -$206.3M |
| Cash From Financing | $183.0M | $399.1M | $745.9M | $346.2M | $10.0M | $282.6M |
| Free Cash Flow | $13.3M | $51.6M | $36.4M | $16.4M | $24.8M | $29.9M |
Figures from Southern First Bancshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Southern First Bancshares financials page for every line item.
Southern First Bancshares Company Profile
| Ticker | SFST |
|---|---|
| Exchange | Nasdaq |
| Industry | National Commercial Banks |
| Headquarters | Greenville, South Carolina |
| Incorporated in | South Carolina |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001090009 |
Frequently Asked Questions
What was Southern First Bancshares' revenue in fiscal 2025?
Southern First Bancshares (SFST) reported revenue of $118.1M for fiscal 2025.
What is Southern First Bancshares' annual revenue history?
Southern First Bancshares' annual revenue by fiscal year: 2020: $107.2M; 2021: $104.8M; 2022: $107.2M; 2023: $87.5M; 2024: $93.4M; 2025: $118.1M.
What was Southern First Bancshares' net income in fiscal 2025?
Southern First Bancshares reported net income of $30.4M for fiscal 2025.
What was Southern First Bancshares' earnings per share (EPS) in fiscal 2025?
Southern First Bancshares' diluted EPS was $3.72 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Southern First Bancshares generate in fiscal 2025?
Southern First Bancshares generated $29.9M of free cash flow in fiscal 2025.
What was Southern First Bancshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), Southern First Bancshares reported revenue of $35.9M.
How much debt does Southern First Bancshares have?
Southern First Bancshares reported $264.9M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Southern First Bancshares are outstanding?
Southern First Bancshares reported a weighted average of 9.2 million basic shares outstanding in 2026 Q2.
What is Southern First Bancshares' market cap?
Based on its latest closing price, Southern First Bancshares (SFST) has a market capitalization of about $559.9M.
When does Southern First Bancshares' fiscal year end?
Southern First Bancshares' fiscal year end, as registered with the SEC, is December 31.
Where is Southern First Bancshares headquartered?
Southern First Bancshares lists its business address in Greenville, South Carolina in its SEC filings.