SOUTHERN FIRST BANCSHARES INC — Form 8-K
Filed October 20, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Southern First reported Q3 2026 diluted EPS of $1.28 (up $0.22 or 21% YoY; up $0.08 QoQ), with net income of $12.2M (up 41% YoY). Net interest income grew 26% YoY to $34.7M on 40bp NIM expansion (to 3.02%). Total loans grew $145M (14% annualized) to $4.18B; retail deposits grew $163M (18% annualized) to $3.72B, while wholesale deposits fell $181.5M YoY. Capital: completed $65.2M equity raise (1.21M shares) in April; redeemed $11.5M subordinated notes in June. Asset quality remained strong: NPAs/assets 0.30%, NCOs 0.07% of avg loans annualized, ACL/loans 1.07%.
Why this rating
Strong organic growth and profitability improvement relative to $292.5M market cap; meaningful EPS/NIM gains; modest capital dilution (~1.2M shares) offset by loan/deposit momentum.
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