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Southern First Q1 FY26 net income rises 87.8% to $9.9 million; EPS climbs to $1.19

PUBT·04/21/2026 12:31:25
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Southern First Q1 FY26 net income rises 87.8% to $9.9 million; EPS climbs to $1.19
  • Southern First Bancshares posted first-quarter fiscal 2026 net income of USD 9.9 million, up 88% year over year.
  • Revenue rose 27.6% to USD 33.8 million.
  • Net interest margin widened 16 basis points to 2.88%, including a USD 543,000 repayment of interest on one large nonaccrual loan.
  • Retail deposits climbed USD 207.8 million from prior quarter to USD 3.4 billion, while total loans increased USD 97.1 million to USD 3.9 billion.
  • Closed April public offering of 1,207,500 common shares at USD 54 per share for gross proceeds of about USD 65.2 million to fund general corporate purposes, including supporting organic growth and potential subordinated debt redemption or repurchase.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern First Bancshares Inc. published the original content used to generate this news brief on April 21, 2026, and is solely responsible for the information contained therein.