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Southern First Bancshares (SFST) guidance and outlook
Southern First Bancshares' 10-Q filed Oct 30, 2026 makes 8 forward-looking statements.
Guidance and outlook
Forward-looking statements, 10-Q filed Oct 30, 2026
- The provision for credit losses, which includes a provision for losses on unfunded commitments, is a charge to earnings to maintain the allowance for credit losses and reserve for unfunded commitments at levels consistent with management’s assessment of expected losses in the loan portfolio at the balance sheet date.
- We do not intend to sell these securities, and it is not more likely than not that we will be required to sell them before recovery of their amortized cost basis.
- In these cases, we will generally seek additional credit enhancements, such as additional collateral or additional guarantees to further protect the loan.
- When a loan is no longer performing in accordance with its stated terms, we will typically seek performance under the guarantee.
- We typically charge-off a portion or create a specific reserve for individually evaluated loans when we do not expect repayment to occur as agreed upon under the original terms of the loan agreement.
- In addition, at September 30, 2026 and December 31, 2025, we estimate that we have approximately $1.9 billion and $1.5 billion, or 46.4% and 39.6% of total deposits, respectively, in uninsured deposits, including related interest accrued and unpaid.
- We plan to meet our future cash needs through the liquidation of temporary investments, the generation of deposits, loan payoffs, and from additional borrowings.
- In addition, we will receive cash upon the maturity and sale of loans and the maturity of investment securities.
Southern First Bancshares' latest quarter
Southern First Bancshares, Q3 2026: revenue $37.5M (+21% year over year), operating margin 42.2%, net earnings $12.2M, operating cash flow $21.3M. The chart follows the revenue to costs, profit and cash.
Questions
What does Southern First Bancshares expect?
The provision for credit losses, which includes a provision for losses on unfunded commitments, is a charge to earnings to maintain the allowance for credit losses and reserve for unfunded commitments at levels consistent with management’s assessment of expected losses in the loan portfolio at the balance sheet date. We do not intend to sell these securities, and it is not more likely than not that we will be required to sell them before recovery of their amortized cost basis. In these cases, we will generally seek additional credit enhancements, such as additional collateral or additional gua
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.