Southern First Bancshares (SFST) Financial Statements & Analysis

Southern First Bancshares (SFST) Income Statement

Southern First Bancshares reported revenue of $115.14M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 46.0% from $213.32M a year earlier. Net income was $30.37M, up 95.5% year over year, a net margin of 26.4%. Gross margin was 100.0% and operating margin 34.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $61.64M, up 115.3% from the same quarter a year earlier.

Southern First Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Southern First Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	115.14	213.33	187.46	127.64	104.82	122.17	102.70	82.71	70.55
Cost of Revenue	109.48	120.12	101.20	26.20	-6.97	44.61	27.68	18.41	12.33
Gross Profit	115.14	93.34	86.25	101.44	117.23	77.56	75.01	64.30	58.21
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	26.37	48.98	45.40	41.69	38.16	36.75	29.21	27.39	26.83
Operating Expenses	75.53	73.30	68.83	62.93	56.43	53.74	39.53	35.61	34.55
Operating Income	39.61	19.91	17.43	38.11	60.80	23.82	35.48	28.69	23.66
Other Income/Expense
Interest Income	211.48	201.21	177.60	117.66	93.17	94.82	92.65	76.66	61.21
Interest Expense	106.53	119.99	99.94	20.04	5.44	15.01	25.38	16.51	10.33
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	39.61	19.91	17.43	38.11	60.80	23.82	35.48	28.69	23.66
Income Tax Expense	9.24	4.38	4.00	9.00	14.09	5.49	7.62	6.40	10.62
Net Income	30.37	15.53	13.43	29.12	46.71	18.33	27.86	22.29	13.05
Net Income - Continuous Operations	30.37	15.53	13.43	29.12	46.71	18.33	27.86	22.29	13.05
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	4.31	24.72	22.24	41.81	63.12	26.01	37.39	30.45	25.12
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	4.74	4.81	4.82	3.70	2.32	2.19	1.92	1.76	1.46
Earnings Per Share
Basic EPS	4.00	2.00	2.00	4.00	6.00	2.00	4.00	3.00	2.00
Diluted EPS	4.00	2.00	2.00	4.00	6.00	2.00	4.00	3.00	2.00
Basic Shares Outstanding	8.09	8.08	8.05	7.96	7.84	7.72	7.53	7.38	7.01
Diluted Shares Outstanding	8.16	8.12	8.08	8.07	7.99	7.82	7.77	7.74	7.41

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Southern First Bancshares Financial Statements

What was Southern First Bancshares's revenue in fiscal 2025?

Southern First Bancshares reported revenue of $115.14M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 46.0% from $213.32M a year earlier.

Is Southern First Bancshares profitable?

Yes. Southern First Bancshares earned net income of $30.37M in fiscal 2025, a net margin of 26.4%. In fiscal 2024 it earned $15.53M.

What is Southern First Bancshares's operating margin?

Southern First Bancshares's operating income was $39.60M on revenue of $115.14M in fiscal 2025, an operating margin of 34.4%, compared with 9.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition