Filing Flows › Southern First Bancshares (SFST) › Q1 2026
Southern First Bancshares (SFST) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Southern First Bancshares (SFST) reported revenue of $33.8M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +6% from the quarter before. Operating margin was 36.9%, net earnings $9.9M (29.3% of revenue).
Southern First Bancshares, Q1 2026: revenue $33.8M (+28% year over year), operating margin 36.9%, net earnings $9.9M, operating cash flow $10.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $33.8M | +6% | +28% |
| Operating profit | $12.5M | -2% | +81% |
| Net earnings | $9.9M | +0.3% | +88% |
| Operating cash flow | $10.8M | — | +42% |
| Free cash flow | $10.5M | — | +41% |
What changed
Revenue was $33.8M in Q1 2026, up 28% year over year and up 6% from the previous quarter.
Operating profit was $12.5M, a 36.9% margin (up 10.9 points year over year). Of the extra revenue versus Q1 2025, 76% reached operating profit, above the 26% margin then. Total costs grew 9% against revenue growth of 28%. The fastest-growing cost line was Credit loss provision (+73%). Net earnings were $9.9M, up 88% year over year. The effective tax rate was 20.8%.
Operating cash flow was $10.8M (up 42% year over year), 109% of net earnings. Non-cash charges added back $945K of depreciation and amortization and $623K of share-based compensation. Working capital and other items used $682K. Capital expenditures of $280K left free cash flow of $10.5M.
Questions
What was Southern First Bancshares' revenue in the first quarter 2026?
Southern First Bancshares (SFST) reported revenue of $33.8M for the first quarter 2026 (Q1 2026), +28% from a year earlier and +6% from the quarter before.
Was Southern First Bancshares profitable in the first quarter 2026?
Operating profit was $12.5M (36.9% of revenue) and net earnings $9.9M.