Filing Flows › Southern First Bancshares (SFST) › Q3 2026
Southern First Bancshares (SFST) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Southern First Bancshares (SFST) reported revenue of $37.5M for the third quarter 2026 (Q3 2026), +21% from a year earlier and +5% from the quarter before. Operating margin was 42.2%, net earnings $12.2M (32.6% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.5M | +5% | +21% |
| Operating profit | $15.8M | +9% | +40% |
| Net earnings | $12.2M | +9% | +41% |
| Operating cash flow | $21.3M | +18% | +47% |
| Free cash flow | $20.4M | +22% | +42% |
What changed
Revenue was $37.5M in Q3 2026, up 21% year over year and up 5% from the previous quarter. Net interest income was the largest line at 92% of revenue. Net interest income added $7.1M year over year (up 26%), 111% of the total change. Noninterest income declined 20%.
Operating profit was $15.8M, a 42.2% margin (up 5.8 points year over year). Of the extra revenue versus Q3 2025, 70% reached operating profit, above the 36% margin then. Total costs grew 10% against revenue growth of 21%. The fastest-growing cost line was Credit loss provision (+65%). Net earnings were $12.2M, up 41% year over year. The effective tax rate was 22.7%.
Operating cash flow was $21.3M (up 47% year over year), 175% of net earnings. Non-cash charges added back $1.0M of depreciation and amortization and $638K of share-based compensation. Working capital and other items added $7.5M. Capital expenditures of $934K left free cash flow of $20.4M.
Questions
What was Southern First Bancshares' revenue in the third quarter 2026?
Southern First Bancshares (SFST) reported revenue of $37.5M for the third quarter 2026 (Q3 2026), +21% from a year earlier and +5% from the quarter before.
Was Southern First Bancshares profitable in the third quarter 2026?
Operating profit was $15.8M (42.2% of revenue) and net earnings $12.2M.