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Southern First Bancshares vs Meridian: SFST and MRBK compared
Southern First Bancshares is the larger company: $37.5M of revenue in its latest quarter (Q3 2026) against $32.7M for Meridian (Q2 2026). Southern First Bancshares is growing faster (+21% against +0.7% a year earlier). Southern First Bancshares is more profitable, with an operating margin of 42.2% against 22.9%.
Where the money goes: SFST and MRBK
Southern First Bancshares (SFST) · Q3 2026
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.
Meridian (MRBK) · Q2 2026
Meridian, Q2 2026: revenue $32.7M (+0.7% year over year), operating margin 22.9%, net earnings $5.8M, operating cash flow −$930K. The chart follows the revenue to costs, profit and cash.
| Southern First Bancshares (SFST) | Meridian (MRBK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $37.5M | $32.7M |
| Revenue growth, Y/Y | +21% | +0.7% |
| Operating margin | 42.2% | 22.9% |
| Net earnings | $12.2M | $5.8M |
| Net margin | 32.6% | 17.8% |
| Operating cash flow | $21.3M | −$930K |
| Free cash flow | $20.4M | — |
| Market value | $571M | — |
| P/E | 12.3× | — |
| Analysts’ mean target | $68.75 | — |
Where the revenue comes from
Southern First Bancshares
- Net interest income: $34.7M (92%)
- Noninterest income: $2.9M (8%)
Questions
Which is bigger, Southern First Bancshares or Meridian?
Southern First Bancshares is the larger company: $37.5M of revenue in its latest quarter (Q3 2026) against $32.7M for Meridian (Q2 2026).
Is Southern First Bancshares or Meridian growing faster?
Southern First Bancshares is growing faster (+21% against +0.7% a year earlier).
Which is more profitable, Southern First Bancshares or Meridian?
Southern First Bancshares is more profitable, with an operating margin of 42.2% against 22.9%.
More: Southern First Bancshares earnings · how Southern First Bancshares makes money · Meridian earnings · how Meridian makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Aug 7, 2026). Fiscal quarters can end on different dates. Not investment advice.