Southern First Q2 FY26 net income climbs 70% to $11.2 million

• Southern First Bancshares posted 2Q 2026 net income of $11.2 million, up 70.1% from 2Q 2025; diluted EPS rose 48.2% to $1.20.
• Revenue climbed 25.3% to $35.88 million, while net interest income rose 28% to $32.37 million.
• Net interest margin widened 37 basis points to 2.87% from a year earlier; return on average assets improved to 0.96% from 0.63%.
• Total loans increased 7.6% to $4.03 billion from a year earlier; retail deposits rose 15.6% to $3.56 billion.
• Raised $65.2 million in gross proceeds via 1,200,000 common shares, then redeemed part of its subordinated notes that carried a higher rate.

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