Southern First Bancshares, Inc. (SFST) Income Statement
SFST 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSFST revenue and net income
Where SFST's revenue goes
2025Each bar shows an amount and its share of revenue. SFST kept 13.5% of revenue as net income.
SFST profit margins
SFST growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.3% | +20.7% | +13.0% | +15.2% |
| Gross profit | +23.4% | +4.3% | +8.2% | +10.2% |
| Operating income | +98.9% | +1.3% | +10.7% | +9.8% |
| Net income | +95.5% | +1.4% | +10.6% | +11.6% |
| EPS (diluted) | +94.8% | +1.3% | +12.0% | +9.3% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SFST quarterly EPS vs estimates
Southern First Bancshares beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 27, 2026 (estimate $1.25).
SFST income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $224.6M | $213.3M | $187.5M | $127.6M | $110.3M | $122.2M | $102.7M | $82.7M | $70.5M | $62.0M |
| Cost of revenue | $109.5M | $120.1M | $101.2M | $26.2M | −$7.0M | $44.6M | $27.7M | $18.4M | $12.3M | $10.5M |
| Gross profit | $115.1M | $93.3M | $86.3M | $101.4M | $117.2M | $77.6M | $75.0M | $64.3M | $58.2M | $51.5M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $50.2M | $3.8M | $45.4M | $41.7M | $38.2M | $36.8M | $29.2M | $27.4M | $26.8M | $23.4M |
| Total operating expenses | $75.5M | $73.3M | $68.8M | $62.9M | $56.4M | $53.7M | $39.5M | $35.6M | $34.6M | $31.2M |
| Operating income | $39.6M | $19.9M | $17.4M | $38.1M | $60.8M | $23.8M | $35.5M | $28.7M | $23.7M | $20.4M |
| Interest income | $211.5M | $201.2M | $177.6M | $117.7M | $93.2M | $94.8M | $92.7M | $76.7M | $61.2M | $51.2M |
| Interest expense | $106.5M | $120.0M | $99.9M | $20.0M | $5.4M | $15.0M | $25.4M | $16.5M | $10.3M | $8.2M |
| Income before taxes | $39.6M | $19.9M | $17.4M | $38.1M | $60.8M | $23.8M | $35.5M | $28.7M | $23.7M | $20.4M |
| Income taxes | $9.2M | $4.4M | $4.0M | $9.0M | $14.1M | $5.5M | $7.6M | $6.4M | $10.6M | $7.3M |
| Net income | $30.4M | $15.5M | $13.4M | $29.1M | $46.7M | $18.3M | $27.9M | $22.3M | $13.0M | $13.0M |
| EBITDA | $44.3M | $24.7M | $22.2M | $41.8M | $63.1M | $26.0M | $37.4M | $30.4M | $25.1M | $21.6M |
| EPS (diluted) | $3.74 | $1.92 | $1.66 | $3.60 | $5.82 | $2.12 | $3.73 | $2.88 | $1.77 | $1.94 |
| Gross margin | 51.3% | 43.8% | 46.0% | 79.5% | 106.3% | 63.5% | 73.0% | 77.7% | 82.5% | 83.1% |
| Operating margin | 17.6% | 9.3% | 9.3% | 29.9% | 55.1% | 19.5% | 34.5% | 34.7% | 33.5% | 32.8% |
| Net margin | 13.5% | 7.3% | 7.2% | 22.8% | 42.4% | 15.0% | 27.1% | 26.9% | 18.5% | 21.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.6M | $33.8M | $57.6M | $58.6M | $55.7M | $52.8M | $53.9M | $54.3M | $54.1M | $51.0M | $51.5M | $50.2M |
| Cost of revenue | $26.8M | $1.3M | $26.4M | $28.3M | $27.7M | $27.0M | $28.5M | $30.6M | $31.5M | $29.5M | $29.1M | $27.6M |
| Gross profit | $34.9M | $32.5M | $31.2M | $30.3M | $27.9M | $25.7M | $25.4M | $23.8M | $22.6M | $21.5M | $22.4M | $22.6M |
| Sales, general & admin | $14.8M | $13.3M | $13.3M | $16.9M | $1.0M | $883,000 | $12.0M | $33.4M | $12.6M | $12.2M | $5.6M | $11.8M |
| Total operating expenses | $20.4M | $20.0M | $18.4M | $18.9M | $19.3M | $18.8M | $18.5M | $18.0M | $18.6M | $18.1M | $17.0M | $17.3M |
| Operating income | $14.5M | $12.5M | $12.8M | $11.3M | $8.6M | $6.9M | $6.9M | $5.7M | $3.9M | $3.4M | $5.3M | $5.3M |
| Interest income | $58.1M | $54.6M | $54.5M | $55.0M | $52.3M | $49.6M | $51.1M | $51.2M | $50.5M | $48.4M | $49.1M | $47.4M |
| Interest expense | $25.8M | $24.4M | $25.8M | $27.5M | $27.0M | $26.3M | $28.7M | $30.6M | $31.0M | $29.7M | $30.1M | $28.1M |
| Income before taxes | $14.5M | $12.5M | $12.8M | $11.3M | $8.6M | $6.9M | $6.9M | $5.7M | $3.9M | $3.4M | $5.3M | $5.3M |
| Income taxes | $3.3M | $2.6M | $2.9M | $2.7M | $2.0M | $1.6M | $1.3M | $1.3M | $909,000 | $862,000 | $1.2M | $1.2M |
| Net income | $11.2M | $9.9M | $9.9M | $8.7M | $6.6M | $5.3M | $5.6M | $4.4M | $3.0M | $2.5M | $4.2M | $4.1M |
| EBITDA | $15.5M | $13.4M | $13.5M | $12.4M | $9.7M | $8.1M | $8.1M | $6.9M | $5.1M | $4.6M | $6.5M | $6.5M |
| EPS (diluted) | $1.20 | $1.19 | $1.21 | $1.07 | $0.81 | $0.65 | $0.70 | $0.54 | $0.37 | $0.31 | $0.51 | $0.51 |
| Gross margin | 56.5% | 96.2% | 54.1% | 51.7% | 50.2% | 48.8% | 47.2% | 43.7% | 41.7% | 42.1% | 43.5% | 45.0% |
| Operating margin | 23.5% | 36.9% | 22.2% | 19.3% | 15.4% | 13.1% | 12.8% | 10.5% | 7.2% | 6.6% | 10.4% | 10.5% |
| Net margin | 18.2% | 29.3% | 17.1% | 14.8% | 11.8% | 10.0% | 10.4% | 8.1% | 5.5% | 4.9% | 8.1% | 8.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SFST's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SFST financial results
In fiscal year 2025 (ended December 31, 2025), Southern First Bancshares reported revenue of $224.6 million, up 5.3% from the year before. It had net income of $30.4 million (up 95.5%), a net profit margin of 13.5%. Diluted earnings per share came to $3.74. Over five years revenue grew at an average rate of 13.0% a year.
See the SFST stock overview for the latest quote and news, or the SFST chart for price history and technical indicators.
SFST income statement FAQ
What is Southern First Bancshares's annual revenue?
Southern First Bancshares reported total revenue of $224.6 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.3% from $213.3 million the previous year.
Is Southern First Bancshares profitable?
Yes. Southern First Bancshares reported net income of $30.4 million in fiscal 2025, a net profit margin of 13.5%; its operating margin was 17.6%.
What is Southern First Bancshares's gross margin?
Southern First Bancshares's gross margin was 51.3% in fiscal 2025: for every $100 of revenue, Southern First Bancshares kept $51 after the direct cost of its products and services.
How fast is Southern First Bancshares growing?
Revenue grew 13.0% a year on average over the last five fiscal years, from $122.2 million to $224.6 million.
What are Southern First Bancshares's earnings per share?
Southern First Bancshares earned $3.74 per diluted share in fiscal 2025, compared with $1.92 a year earlier.
When will Southern First Bancshares report its next earnings?
Southern First Bancshares is expected to report results for the quarter ending September 30, 2026 on October 27, 2026 before the market opens.
When does Southern First Bancshares's fiscal year end?
Southern First Bancshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.