Southern First Bancshares Q1 net interest income improves on loan growth

Southern First Bancshares

21/04/2026 13:39

Overview

US regional bank's Q1 revenue grew 28% yr/yr on loan growth and margin expansion

Diluted EPS for Q1 rose 83% yr/yr to $1.19

Company raised $65.2 mln in equity to support growth initiatives

Outlook

Company intends to use recent capital raise to support organic growth initiatives

Result Drivers

LOAN GROWTH - Co said new loan volume was the primary driver of 29% yr/yr net interest income growth

MARGIN EXPANSION - Net interest margin rose to 2.88%, up 16 basis points from Q4, aided by a $543,000 repayment of interest on one large nonaccrual loan

Company press release: ID:nPn3qxqVba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$33.80 mln
$29.40 mln (1 Analyst)
Q1 EPS
$1.19
Q1 Net Income
$9.89 mln
Q1 CET1 Capital Ratio
11.03%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Southern First Bancshares Inc is $64.00, about 14.1% above its April 20 closing price of $56.11

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)