Filing Flows › Southern First Bancshares (SFST) › Q2 2026
Southern First Bancshares (SFST) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Southern First Bancshares (SFST) reported revenue of $35.9M for the second quarter 2026 (Q2 2026), +25% from a year earlier and +6% from the quarter before. Operating margin was 40.3%, net earnings $11.2M (31.2% of revenue).
Southern First Bancshares, Q2 2026: revenue $35.9M (+25% year over year), operating margin 40.3%, net earnings $11.2M, operating cash flow $18.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.9M | +6% | +25% |
| Operating profit | $14.5M | +16% | +68% |
| Net earnings | $11.2M | +13% | +70% |
| Operating cash flow | $18.0M | +68% | +72% |
| Free cash flow | $16.7M | +59% | +61% |
What changed
Revenue was $35.9M in Q2 2026, up 25% year over year and up 6% from the previous quarter.
Operating profit was $14.5M, a 40.3% margin (up 10.3 points year over year). Of the extra revenue versus Q2 2025, 81% reached operating profit, above the 30% margin then. Total costs grew 7% against revenue growth of 25%. The fastest-growing cost line was Credit loss provision (+46%). Net earnings were $11.2M, up 70% year over year. The effective tax rate was 22.6%.
Operating cash flow was $18.0M (up 72% year over year), 161% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $702K of share-based compensation. Working capital and other items added $5.2M. Capital expenditures of $1.3M left free cash flow of $16.7M.
Questions
What was Southern First Bancshares' revenue in the second quarter 2026?
Southern First Bancshares (SFST) reported revenue of $35.9M for the second quarter 2026 (Q2 2026), +25% from a year earlier and +6% from the quarter before.
Was Southern First Bancshares profitable in the second quarter 2026?
Operating profit was $14.5M (40.3% of revenue) and net earnings $11.2M.