Southern First Bancshares Q3 revenue rises 21% on loan growth

Southern First Bancshares

20/10/2026 13:53

Overview
U.S. regional bank's Q3 revenue rose 21% yr/yr, driven by loan growth and margin expansion
Diluted EPS for Q3 rose 21% yr/yr to $1.28
Net income increased 41% yr/yr

Outlook
Company did not provide specific financial guidance for future quarters or the full year in the press release

Result Drivers
LOAN GROWTH - Co said strong loan growth drove net interest income up 26% yr/yr
MARGIN EXPANSION - Net interest margin rose to 3.02%, up 40 basis points from 3Q25, helping boost profitability
RETAIL DEPOSIT GROWTH - Retail client deposits increased by $163 mln, up 18% annualized, supporting loan growth

Company press release: ID:nPn8WjhBXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$37.53 mln
$34.10 mln (1 Analyst)
Q3 EPS
 
$1.28
 
Q3 Net Income
 
$12.23 mln
 
Q3 CET1 Capital Ratio
 
12.74%
 

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 $68.50, about 15.8% above its October 19 closing price of $59.13
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 19 - ServisFirst Bancshares Q3 profit jumps on loan growth, wider interest margin 
Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin
Oct 19 - SmartFinancial Q3 net income rises, driven by organic loan growth

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.)