Southern First Bancshares reports Q1 EPS $1.19 vs. 65c last year

Reports Q1 net interest margin 2.88%, a 16 basis point increase from 2.72% for 4Q25. Common equity Tier1 ratio was 11.03%, down slightly from 4Q25, and up from 10.75% for 1Q25. Book value per common share was $46.00 from $44.89 at previous quarter. “We are excited to report our Q1 2026 results which include record retail deposit growth of nearly $210M, representing a 27% annualized growth rate. Our Q1 2026 net income was $9.9M and is 88% higher than the same quarter last year. We have tremendous momentum in growing client relationships and raised additional capital in the form of common equity this quarter to support our growth expectations,” stated CEO Art Seaver.