SOUTHERN FIRST BANCSHARES INC

For the period ended Mar 31, 2026. Filed May 1, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 1, 2026

SFST$60.43-0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

*(Unaudited)

	For the three months
	ended March 31,
(dollars in thousands, except share data)	2026	2025
Interest income
Loans	$51,257	47,085
Investment securities	1,399	1,403
Federal funds sold and interest-bearing deposits with banks	1,955	1,159
Total interest income	54,611	49,647
Interest expense
Deposits	21,697	23,569
Borrowings	2,655	2,695
Total interest expense	24,352	26,264
Net interest income	30,259	23,383
Provision for credit losses	1,300	750
Net interest income after provision for credit losses	28,959	22,633
Noninterest income
Mortgage banking income	1,493	1,424
Service fees on deposit accounts	756	539
ATM and debit card income	588	552
Income from bank owned life insurance	446	403
Other income	257	196
Total noninterest income	3,540	3,114
Noninterest expenses
Compensation and benefits	11,980	11,304
Occupancy	2,490	2,548
Outside service and data processing	2,267	2,037
Insurance	892	1,010
Professional fees	675	509
Marketing	399	374
Other	1,312	1,054
Total noninterest expenses	20,015	18,836
Income before income tax expense	12,484	6,911
Income tax expense	2,597	1,645
Net income	$9,887	5,266
Earnings per common share
Basic	$1.21	0.65
Diluted	1.19	0.65
Weighted average common shares outstanding
Basic	8,163,412	8,078,355
Diluted	8,292,852	8,110,514

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.