The EPS beat and strong margin expansion confirm positive momentum, but the revenue miss and rising provision warrant monitoring next quarter for loan growth sustainability and credit quality trends.
Price Chart
Executive Summary
Southern First Bancshares reported Q3 2026 diluted EPS of $1.28, a 2.0% beat vs consensus of $1.25, with total revenue of $37.5M slightly below the $37.6M estimate. Net income rose 41% YoY to $12.2M, net interest margin expanded 40 bps to 3.02%, and loan growth was strong at 14% annualized. The EPS beat and robust operational trends support a bullish read, though the revenue miss tempers the magnitude.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.28 beat consensus of $1.25 by 2.0%
- Total revenue of $37.5M was slightly below the $37.6M consensus estimate
- Net income rose 41% YoY to $12.2M
- Net interest margin expanded 40 bps YoY to 3.02%
- Total loans grew 14% annualized to $4.18B
- Retail deposits grew 18% annualized to $3.72B
- Net charge-offs were 0.07% of average loans, up from 0.01% in Q2 2026
- Provision for credit losses increased to $1.4M from $1.025M in Q2 2026
Financial Impact
EPS beat of $0.03 vs consensus; net income up 41% YoY; net interest margin up 40 bps
Risk Factors
- Revenue slightly missed consensus despite strong EPS beat
- Net charge-offs increased to 0.07% from 0.01% in the prior quarter
- Provision for credit losses rose 37% QoQ to $1.4M
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302912765 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Press Release | $60.93 | awaiting T+60 | — | $61.19 (+0.43%) |
Oct 20, 2026 6d ago | 8-K | $60.93 | awaiting T+60 | — | $61.19 (+0.43%) |
Sep 22, 2026 4w ago | Insider Cluster | $60.51 | awaiting T+60 | — | $61.19 (+1.12%) |
Jul 21, 2026 13w ago | Press Release | $61.72 $60.09 | ▼ −2.64% | ▼ −6.61% | $61.19 (−0.86%) |
Jul 21, 2026 13w ago | 8-K | $61.72 $60.09 | ▼ −2.64% | ▼ −6.61% | $61.19 (−0.86%) |
Jun 2, 2026 20w ago | 8-K | $58.22 $61.97 | ▲ +6.43% | ▲ +5.32% | $61.19 (+5.10%) |
May 20, 2026 22w ago | 8-K | $56.39 $64.18 | ▲ +13.81% | ▲ +8.81% | $61.19 (+8.51%) |
Apr 21, 2026 26w ago | 8-K | $56.43 $63.69 | ▲ +12.87% | ▲ +5.97% | $61.19 (+8.44%) |
Apr 16, 2026 27w ago | 8-K | $55.12 $61.71 | ▲ +11.96% | ▲ +4.91% | $61.19 (+11.01%) |
Apr 16, 2026 27w ago | 424B5 | $55.12 $61.71 | ▲ +11.96% | ▲ +4.91% | $61.19 (+11.01%) |
US Market Status
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