Southern First Bancshares, Inc. (SFST)

Southern First Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	198.15	186.86	166.14	114.23	91.6
Interest Income on Investments	13.34	14.35	11.46	3.43	1.57
Total Interest Income	211.48	201.21	177.6	117.66	93.17
Interest Paid on Deposits	95.62	108.77	91.37	18.1	3.91
Interest Paid on Borrowings	10.91	11.22	8.57	1.94	1.53
Total Interest Expense	106.53	119.99	99.94	20.04	5.44
Net Interest Income	104.95	81.22	77.65	97.62	87.73
Net Interest Income Growth (YoY)	29.22%	4.59%	-20.45%	11.27%	9.93%
Mortgage Banking Activities	6.28	5.56	4.04	4.2	11.38
Gain (Loss) on Sale of Assets	-	0.03	-	-0.39	0.01
Gain (Loss) on Sale of Investments	-0.52	-	-	-	-0
Other Non-Interest Income	5.01	4.79	4.44	4.51	4.54
Total Non-Interest Income	13.14	12.14	9.86	9.58	17.1
Non-Interest Income Growth (YoY)	8.21%	23.13%	2.92%	-43.98%	-37.48%
Revenues Before Loan Losses	118.09	93.36	87.51	107.2	104.83
Provision for Loan Losses	2.95	0.13	1.26	6.16	-12.4
Revenue	115.14	93.24	86.25	101.05	117.23
Revenue Growth (YoY)	23.49%	8.10%	-14.64%	-13.81%	51.15%
Salaries and Employee Benefits	44.81	41.26	38.33	36.76	34.46
Occupancy Expenses	-	7.89	7.86	9.11	6.96
Federal Deposit Insurance	3.88	4.02	3.77	1.69	1.15
Selling, General & Administrative	22.5	16.24	15.27	11.99	10.61
Other Non-Interest Expense	4.36	3.91	3.6	3.39	2.88
Total Non-Interest Expense	75.53	73.33	68.83	62.93	56.43
EBT Excluding Unusual Items	39.61	19.91	17.43	38.11	60.8
Pretax Income	39.61	19.91	17.43	38.11	60.8
Income Tax Expense	9.24	4.38	4	9	14.09
Net Income	30.37	15.53	13.43	29.12	46.71
Net Income to Common	30.37	15.53	13.43	29.12	46.71
Net Income Growth	95.53%	15.67%	-53.89%	-37.67%	154.86%
Basic Shares Outstanding	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8
Shares Change (YoY)	-0.32%	0.48%	0.08%	1.03%	2.11%
EPS (Basic)	3.77	1.92	1.67	3.66	5.96
EPS (Diluted)	3.75	1.91	1.66	3.61	5.85
EPS Growth	96.34%	15.06%	-54.02%	-38.29%	150.00%
Effective Tax Rate	23.33%	22.01%	22.96%	23.61%	23.18%

Updated Jan 22, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q