SFST News & Events

Reports Q1 net interest margin 2.88%, a 16 basis point increase from 2.72% for 4Q25. Common equity Tier1 ratio was 11.03%, down slightly from 4Q25, and up from 10.75% for 1Q25. Book value per common share was $46.00 from $44.89 at previous quarter. "We are excited to report our Q1 2026 results which include record retail deposit growth of nearly $210M, representing a 27% annualized growth rate. Our Q1 2026 net income was $9.9M and is 88% higher than the same quarter last year. We have tremendous momentum in growing client relationships and raised additional capital in the form of common equity this quarter to support our growth expectations," stated CEO Art Seaver.

Southern First Bancshares announced that it has launched an underwritten public offering of shares of its common stock. The company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, supporting organic growth initiatives, providing capital to its bank subsidiary, redeeming or repurchasing outstanding indebtedness, including subordinated debt, and for working capital purposes. Piper Sandler & Co. is serving as the sole book-running manager for the offering. Keefe, Bruyette & Woods, A Stifel Company, is serving as co-manager.

Southern First Bancshares files $125M mixed securities shelf