Southern First Q2 profit reaches $11.2 million

• Southern First reported Q2 net income of $11.2 million, up 70% year over year, while diluted EPS rose 48% to $1.20.
• Total revenue increased 25% to $35.9 million as net interest income grew 28%.
• The bank raised $65.2 million in common equity to strengthen capital and support further loan growth.

Southern First Bancshares (NASDAQ:SFST) reported Q2 2026 net income of $11.2 million as total revenue increased 25% to $35.9 million.

Net income rose 70% from $6.6 million, while diluted EPS climbed 48% from $0.81 and edged above Q1’s $1.19.

Southern First raised $65.2 million by issuing 1.2 million shares and recorded a $1.0 million provision for credit losses.

Loans reached $4.03 billion, retail deposits rose to $3.56 billion and the Common Equity Tier 1 ratio increased to 12.82%.

Southern First serves markets across South Carolina, Georgia and North Carolina through a relationship-focused commercial banking model.