The EPS and revenue misses vs consensus may pressure the stock near-term despite strong underlying loan/deposit growth and margin expansion. Watch for analyst estimate revisions and any commentary on credit quality trends given the uptick in net charge-offs.
Price Chart
Executive Summary
Southern First Bancshares reported Q3 2026 diluted EPS of $1.28, a 21% YoY increase, but missed the consensus estimate of $1.32 by 3.0%. Total revenue of $37.5M grew 21% YoY but also missed the $39.1M consensus. Net interest margin expanded to 3.02% (up 40 bps YoY) and net income rose 41% YoY to $12.2M, though net charge-offs increased to 0.07% of average loans from 0.01% in the prior quarter. The EPS and revenue misses relative to consensus temper the otherwise strong operational trends.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.28 missed consensus of $1.32 (-3.0%)
- Total revenue of $37.5M missed consensus of $39.1M (-4.1%)
- Net income rose 41% YoY to $12.2M
- Net interest margin expanded to 3.02% from 2.62% a year ago
- Net charge-offs increased to 0.07% of average loans (annualized) from 0.01% in Q2 2026
- Total loans grew 14% annualized to $4.2B; retail deposits grew 18% annualized to $3.7B
- Tangible common equity ratio was 9.47%, down 15 bps from Q2 2026 but up 129 bps YoY
Financial Impact
EPS miss of $0.04 vs consensus; revenue miss of $1.6M vs consensus
Risk Factors
- EPS and revenue both missed consensus estimates, which could lead to negative price reaction
- Net charge-offs increased to 0.07% from 0.01% in the prior quarter, signaling potential credit deterioration
- Nonperforming assets rose to 0.30% of total assets from 0.27% in Q2 2026
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001206774-26-000563 |
| Document: sfst4704891-8k.htm | 0001206774-26-000563 |
| Document: 0001206774-26-000563-index-headers.html | 0001206774-26-000563 |
| Document: 0001206774-26-000563-index.html | 0001206774-26-000563 |
| Document: 0001206774-26-000563.txt | 0001206774-26-000563 |
| 8-K Data (Synthetic) | 0001206774-26-000563 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Press Release | $60.93 | awaiting T+60 | — | $61.26 (+0.54%) |
Oct 20, 2026 7d ago | 8-K | $60.93 | awaiting T+60 | — | $61.26 (+0.54%) |
Sep 22, 2026 5w ago | Insider Cluster | $60.51 | awaiting T+60 | — | $61.26 (+1.24%) |
Jul 21, 2026 14w ago | Press Release | $61.72 $60.09 | ▼ −2.64% | ▼ −6.61% | $61.26 (−0.75%) |
Jul 21, 2026 14w ago | 8-K | $61.72 $60.09 | ▼ −2.64% | ▼ −6.61% | $61.26 (−0.75%) |
Jun 2, 2026 21w ago | 8-K | $58.22 $61.97 | ▲ +6.43% | ▲ +5.32% | $61.26 (+5.22%) |
May 20, 2026 22w ago | 8-K | $56.39 $64.18 | ▲ +13.81% | ▲ +8.81% | $61.26 (+8.64%) |
Apr 21, 2026 27w ago | 8-K | $56.43 $63.69 | ▲ +12.87% | ▲ +5.97% | $61.26 (+8.56%) |
Apr 16, 2026 27w ago | 8-K | $55.12 $61.71 | ▲ +11.96% | ▲ +4.91% | $61.26 (+11.14%) |
Apr 16, 2026 27w ago | 424B5 | $55.12 $61.71 | ▲ +11.96% | ▲ +4.91% | $61.26 (+11.14%) |
US Market Status
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