Southern First Bancshares announces Q3 earnings per share of $1.07, up from 54 cents last year.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
0mins
Should l Buy SFST?
Q3 Financial Performance: The company reported Q3 revenue of $31.13M, a significant increase from $23.77M the previous year, demonstrating strong momentum and profitability growth.
Strategic Focus: The CEO emphasized a commitment to high-quality loan growth funded by retail deposits, alongside maintaining superior asset quality and margin expansion through disciplined strategies.
Market Outlook: Despite a cautious approach to emerging risks, the company remains optimistic about sustainable growth in its Southeastern markets and is well-positioned to capitalize on opportunities from banking industry consolidation.
Team and Community Commitment: The organization continues to attract experienced bankers dedicated to exceptional client service and supporting local communities, reinforcing its positive financial outlook for the remainder of the year.
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Analyst Views on SFST
About SFST
Southern First Bancshares, Inc. is a bank holding company. The Company’s primary business is to serve as the holding company for Southern First Bank (the Bank). The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC), and providing commercial, consumer and mortgage loans to the general public. The Company, through the Bank, provides a range of financial services to individuals and companies in South Carolina, North Carolina, and Georgia. These services include demand, time, and savings deposits; lending services; automated teller machine (ATM) processing, and mortgage banking services. In addition to deposit and loan services, it offers other bank services such as Internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment and mobile banking services. The Bank has approximately eight retail offices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Southern First Bancshares Completes Public Offering of 1.2 Million Shares
- Offering Size: Southern First Bancshares successfully closed its public offering of 1,207,500 shares of common stock, including 157,500 shares from the underwriters' full exercise of their option, at a price of $54.00 per share, raising approximately $65.2 million, indicating strong market demand for its stock.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, which may include supporting organic growth initiatives, providing capital to its bank subsidiary, redeeming or repurchasing outstanding debt, and for working capital, thereby enhancing its financial flexibility and competitive position.
- Underwriter Role: Piper Sandler & Co. served as the sole book-running manager for the offering, with Keefe, Bruyette & Woods acting as co-manager, reflecting the company's strategic engagement with experienced capital market professionals to optimize its fundraising efforts.
- Market Positioning: As the second-largest bank headquartered in South Carolina with approximately $4.4 billion in assets, Southern First Bancshares is expected to solidify its market position through this offering, which is anticipated to drive future business expansion and profitability improvements.
See More
Southern First Bancshares Completes Public Offering of 1.2 Million Shares
- Offering Size: Southern First Bancshares successfully completed a public offering of 1,207,500 shares of common stock, including 157,500 shares from the underwriters' option, at a price of $54.00 per share, raising approximately $65.2 million, indicating strong market demand for its stock.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, which may include supporting organic growth initiatives, providing capital to its bank subsidiary, and redeeming or repurchasing outstanding debt, thereby enhancing financial flexibility and competitive positioning.
- Underwriter Role: Piper Sandler & Co. served as the sole book-running manager for the offering, with Keefe, Bruyette & Woods acting as co-manager, reflecting the company's strong support and resource integration capabilities in the capital markets.
- Market Positioning: As the second-largest bank headquartered in South Carolina with approximately $4.4 billion in assets, Southern First Bancshares aims to further solidify its market position through this offering, which is expected to drive future business expansion and profitability improvements.
See More
Southern First Bancshares Prices Public Offering at $54.00
- Offering Size and Pricing: Southern First Bancshares announced the pricing of its public offering at $54.00 per share for 1.05 million common shares, estimating gross proceeds of approximately $56.7 million before discounts and expenses, indicating a proactive fundraising strategy in the capital markets.
- Additional Share Option: The underwriter has been granted a 30-day option to purchase an additional 157,500 shares, which, if exercised, would raise the total gross proceeds to approximately $65.2 million, further strengthening the company's capital position.
- Closing Timeline: The offering is expected to close on April 17, demonstrating the company's keen market timing aimed at swiftly addressing funding needs to support future growth.
- Market Reaction: Southern First Bancshares' shares closed at $58.87 on Nasdaq, up 0.03% from the previous trading day, reflecting positive market sentiment regarding the company's offering plans.
See More
Southern First Bancshares Prices Public Offering to Raise $56.7M
- Public Offering Pricing: Southern First Bancshares announced the pricing of 1.05 million shares of common stock at $54.00 per share, aiming to raise approximately $56.7 million in gross proceeds, indicating the company's proactive financing strategy in the capital markets.
- Additional Share Option: The company has granted underwriters a 30-day option to purchase an additional 157,500 shares, which could increase the total capital raised to roughly $65.2 million, further strengthening the company's capital base to support future growth.
- Clear Use of Proceeds: The net proceeds will be allocated for general corporate purposes, including supporting growth initiatives, providing capital to the bank subsidiary, redeeming debt, and working capital, demonstrating the company's clear planning for fund utilization.
- Market Reaction: Following the announcement, SFST's stock price fell 6.15% in after-hours trading to $55.25, reflecting a cautious market sentiment towards the offering, which may impact investor confidence.
See More
Southern First Bancshares Prices Public Offering at $54 per Share
- Offering Size: Southern First Bancshares announced the pricing of an underwritten public offering of 1,050,000 shares at $54.00 per share, with expected gross proceeds of approximately $56.7 million, which could rise to $65.2 million if underwriters fully exercise their option, indicating strong market demand for the company's stock.
- Use of Proceeds: The net proceeds from the offering will be allocated for general corporate purposes, including supporting organic growth initiatives, providing capital to the bank subsidiary, and redeeming or repurchasing outstanding debt, thereby enhancing the company's financial flexibility and competitive positioning.
- Underwriting Arrangement: Piper Sandler & Co. serves as the sole book-running manager for the offering, with Keefe, Bruyette & Woods acting as co-manager, reflecting the company's strategic engagement with experienced financial partners to optimize capital market execution.
- Market Outlook: The offering is expected to close on April 17, 2026, and if successful, will provide essential funding for future expansions and investments, further solidifying the company's market presence in South Carolina.
See More
Southern First Bancshares Prices Public Offering of Common Stock
- Offering Size: Southern First Bancshares announced a public offering of 1,050,000 shares at $54.00 per share, with expected gross proceeds of approximately $56.7 million, and if underwriters fully exercise their option, proceeds could reach $65.2 million, indicating the company's proactive engagement with capital markets.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, including supporting organic growth initiatives, providing capital to its bank subsidiary, and redeeming or repurchasing outstanding debt, thereby enhancing financial flexibility and competitive positioning.
- Underwriting Arrangement: Piper Sandler & Co. serves as the sole book-running manager for the offering, with Keefe, Bruyette & Woods as co-manager, highlighting the company's access to professional support and resource integration in capital markets.
- Transaction Timing: The offering is expected to close on April 17, 2026, subject to customary closing conditions, reflecting the company's strategic timing and commitment to transparency with investors.
See More
Southern First Bancshares Completes Public Offering of 1.2 Million Shares
- Offering Size: Southern First Bancshares successfully closed its public offering of 1,207,500 shares of common stock, including 157,500 shares from the underwriters' full exercise of their option, at a price of $54.00 per share, raising approximately $65.2 million, indicating strong market demand for its stock.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, which may include supporting organic growth initiatives, providing capital to its bank subsidiary, redeeming or repurchasing outstanding debt, and for working capital, thereby enhancing its financial flexibility and competitive position.
- Underwriter Role: Piper Sandler & Co. served as the sole book-running manager for the offering, with Keefe, Bruyette & Woods acting as co-manager, reflecting the company's strategic engagement with experienced capital market professionals to optimize its fundraising efforts.
- Market Positioning: As the second-largest bank headquartered in South Carolina with approximately $4.4 billion in assets, Southern First Bancshares is expected to solidify its market position through this offering, which is anticipated to drive future business expansion and profitability improvements.
See More
Southern First Bancshares Completes Public Offering of 1.2 Million Shares
- Offering Size: Southern First Bancshares successfully completed a public offering of 1,207,500 shares of common stock, including 157,500 shares from the underwriters' option, at a price of $54.00 per share, raising approximately $65.2 million, indicating strong market demand for its stock.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, which may include supporting organic growth initiatives, providing capital to its bank subsidiary, and redeeming or repurchasing outstanding debt, thereby enhancing financial flexibility and competitive positioning.
- Underwriter Role: Piper Sandler & Co. served as the sole book-running manager for the offering, with Keefe, Bruyette & Woods acting as co-manager, reflecting the company's strong support and resource integration capabilities in the capital markets.
- Market Positioning: As the second-largest bank headquartered in South Carolina with approximately $4.4 billion in assets, Southern First Bancshares aims to further solidify its market position through this offering, which is expected to drive future business expansion and profitability improvements.
See More
Southern First Bancshares Prices Public Offering at $54.00
- Offering Size and Pricing: Southern First Bancshares announced the pricing of its public offering at $54.00 per share for 1.05 million common shares, estimating gross proceeds of approximately $56.7 million before discounts and expenses, indicating a proactive fundraising strategy in the capital markets.
- Additional Share Option: The underwriter has been granted a 30-day option to purchase an additional 157,500 shares, which, if exercised, would raise the total gross proceeds to approximately $65.2 million, further strengthening the company's capital position.
- Closing Timeline: The offering is expected to close on April 17, demonstrating the company's keen market timing aimed at swiftly addressing funding needs to support future growth.
- Market Reaction: Southern First Bancshares' shares closed at $58.87 on Nasdaq, up 0.03% from the previous trading day, reflecting positive market sentiment regarding the company's offering plans.
See More
Southern First Bancshares Prices Public Offering to Raise $56.7M
- Public Offering Pricing: Southern First Bancshares announced the pricing of 1.05 million shares of common stock at $54.00 per share, aiming to raise approximately $56.7 million in gross proceeds, indicating the company's proactive financing strategy in the capital markets.
- Additional Share Option: The company has granted underwriters a 30-day option to purchase an additional 157,500 shares, which could increase the total capital raised to roughly $65.2 million, further strengthening the company's capital base to support future growth.
- Clear Use of Proceeds: The net proceeds will be allocated for general corporate purposes, including supporting growth initiatives, providing capital to the bank subsidiary, redeeming debt, and working capital, demonstrating the company's clear planning for fund utilization.
- Market Reaction: Following the announcement, SFST's stock price fell 6.15% in after-hours trading to $55.25, reflecting a cautious market sentiment towards the offering, which may impact investor confidence.
See More
Southern First Bancshares Prices Public Offering at $54 per Share
- Offering Size: Southern First Bancshares announced the pricing of an underwritten public offering of 1,050,000 shares at $54.00 per share, with expected gross proceeds of approximately $56.7 million, which could rise to $65.2 million if underwriters fully exercise their option, indicating strong market demand for the company's stock.
- Use of Proceeds: The net proceeds from the offering will be allocated for general corporate purposes, including supporting organic growth initiatives, providing capital to the bank subsidiary, and redeeming or repurchasing outstanding debt, thereby enhancing the company's financial flexibility and competitive positioning.
- Underwriting Arrangement: Piper Sandler & Co. serves as the sole book-running manager for the offering, with Keefe, Bruyette & Woods acting as co-manager, reflecting the company's strategic engagement with experienced financial partners to optimize capital market execution.
- Market Outlook: The offering is expected to close on April 17, 2026, and if successful, will provide essential funding for future expansions and investments, further solidifying the company's market presence in South Carolina.
See More
Southern First Bancshares Prices Public Offering of Common Stock
- Offering Size: Southern First Bancshares announced a public offering of 1,050,000 shares at $54.00 per share, with expected gross proceeds of approximately $56.7 million, and if underwriters fully exercise their option, proceeds could reach $65.2 million, indicating the company's proactive engagement with capital markets.
- Use of Proceeds: The company intends to utilize the net proceeds for general corporate purposes, including supporting organic growth initiatives, providing capital to its bank subsidiary, and redeeming or repurchasing outstanding debt, thereby enhancing financial flexibility and competitive positioning.
- Underwriting Arrangement: Piper Sandler & Co. serves as the sole book-running manager for the offering, with Keefe, Bruyette & Woods as co-manager, highlighting the company's access to professional support and resource integration in capital markets.
- Transaction Timing: The offering is expected to close on April 17, 2026, subject to customary closing conditions, reflecting the company's strategic timing and commitment to transparency with investors.
See More
