Filing Flows › Southern First Bancshares (SFST) › Q1 2025
Southern First Bancshares (SFST) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Southern First Bancshares (SFST) reported revenue of $26.5M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +5% from the quarter before. Operating margin was 26.1%, net earnings $5.3M (19.9% of revenue).
Southern First Bancshares, Q1 2025: revenue $26.5M (+24% year over year), operating margin 26.1%, net earnings $5.3M, operating cash flow $7.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.5M | +5% | +24% |
| Operating profit | $6.9M | +0.3% | +104% |
| Net earnings | $5.3M | -6% | +109% |
| Operating cash flow | $7.6M | — | — |
| Free cash flow | $7.4M | — | — |
What changed
Revenue was $26.5M in Q1 2025, up 24% year over year and up 5% from the previous quarter.
Operating profit was $6.9M, a 26.1% margin (up 10.2 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 16% margin then. Total costs grew 9% against revenue growth of 24%. Net earnings were $5.3M, up 109% year over year. The effective tax rate was 23.8%.
Operating cash flow was $7.6M, 144% of net earnings. Non-cash charges added back $1.2M of depreciation and amortization and $537K of share-based compensation. Working capital and other items added $610K. Capital expenditures of $141K left free cash flow of $7.4M.
Questions
What was Southern First Bancshares' revenue in the first quarter 2025?
Southern First Bancshares (SFST) reported revenue of $26.5M for the first quarter 2025 (Q1 2025), +24% from a year earlier and +5% from the quarter before.
Was Southern First Bancshares profitable in the first quarter 2025?
Operating profit was $6.9M (26.1% of revenue) and net earnings $5.3M.