Southern First Bancshares Q2 revenue beats expectations

Southern First Bancshares

22/07/2025 12:26

Overview

Southern First Bancshares Q2 revenue up 24% yr/yr, beating analyst expectations, per LSEG data

Diluted EPS rises 119% to $0.81

Net interest margin improves to 2.50% from 2.41% in Q1 2025 and 1.98% for Q2 2024

Outlook

Southern First expects healthy growth supported by a solid balance sheet

Company sees strong business pipelines driving future growth

Southern First confident in delivering improved financial performance

Result Drivers

REVENUE GROWTH - Total revenue grew 24% yr/yr, driven by increased interest income on loans and decreased interest expenses on deposits

MARGIN EXPANSION - Net interest margin improved to 2.50% from 2.41% in Q1 2025, attributed to higher loan yields and lower deposit costs

STRONG PIPELINE - Co cites strong business pipelines and solid balance sheet as drivers for continued growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$28.63 mln
$23.50 mln (2 Analysts)
Q2 EPS
$0.81
Q2 Net Income
$6.58 mln
Q2 CET1 Capital Ratio
10.7%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

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 $40.00, about 0.2% below its July 21 closing price of $40.09

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn5KJy1ya

(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.)