Southern First Q1 net income $9.9M, EPS $1.19 (+83% YoY); NIM expands to 2.88%

SOUTHERN FIRST BANCSHARES INC

2026-Q1 EPS reported $1.19 revenue$1,493,000

Diluted EPS $1.19 vs $0.65 YoY; net income $9.9M, up 88% from $5.3M.
NIM 2.88% (+16 bps QoQ, +47 bps YoY); net interest income up 29% YoY.
Loans $3.9B, up $97M (10% annualized) from Q4; retail deposit growth record $210M.
Completed public offering of 1.21M shares at $54, gross proceeds $65.2M on April 17.
NPAs 0.26% (down from 0.32% Q4); net charge-offs 0.01%; allowance 1.10%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

SOUTHERN FIRST BANCSHARES INC reported the three months ended March 31, 2026 results: revenue $33.8 million, net income $9.9 million, EPS $1.19.

Period: the three months ended March 31, 2026
Revenue: $33.8 million
Net income: $9.9 million
EPS: $1.19
Result: reported results

Exact text from the filing

by $0.01 from the fourth quarter of 2025 ● Net income improved to $9.9 million, a $4.6 million increase, or 88%, compared to the first quarter of 2025 ● Total revenue was $33.8 million, an increase of $7.3 million, or 28%, year-over-year and $2.0 million on a linked quarter basis ● Net interest income improved by $6.9 million, or 29% year-over-year, driven

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Source: SEC EDGAR

accession 0001206774-26-000230

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