Southern First Bancshares Q3 profit rises, interest margin improves

Southern First Bancshares

28/10/2025 11:23

Overview

Southern First Q3 revenue beats analyst expectations, reflecting strong financial performance

Diluted EPS for Q3 2025 increased 98% yr/yr, indicating improved profitability

Net interest margin improved to 2.62% from 2.08% in Q3 2024

Outlook

Southern First expects continued growth in Southeastern markets

Company maintains cautious outlook while monitoring emerging risks

Southern First optimistic about financial outlook for remainder of year

Result Drivers

LOAN GROWTH - High-quality loan growth funded by client deposits was a key driver of results

NET INTEREST MARGIN - Improvement driven by higher loan yields and lower deposit costs

ASSET QUALITY - Superior asset quality metrics with low nonperforming assets and past due loans

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$31.12 mln
$26.70 mln (1 Analyst)
Q3 EPS
$1.07
Q3 Net Income
$8.66 mln
Q3 CET1 Capital Ratio
10.88%


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 $47.50, about 11.1% above its October 27 closing price of $42.23

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nPn2G3T6Ja

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(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.)