Southern First Bancshare | 8-K: FY2025 Q3 Revenue: USD 31.13 M
Revenue: As of FY2025 Q3, the actual value is USD 31.13 M.
EPS: As of FY2025 Q3, the actual value is USD 1.07, beating the estimate of USD 0.89.
EBIT: As of FY2025 Q3, the actual value is USD -16.2 M.
Net Income
Net income for the third quarter of 2025 was $8.7 million, or $1.07 per diluted share, representing a $2.1 million increase from the second quarter of 2025 and a $4.3 million increase from the third quarter of 2024.
Net Interest Income
Net interest income was $27.5 million for the third quarter of 2025, a $2.2 million increase from the second quarter of 2025, driven by a $2.7 million increase in interest income, partially offset by a $434 thousand increase in interest expense.
Provision for Credit Losses
The provision for credit losses was $850 thousand for the third quarter of 2025, compared to $700 thousand for the second quarter of 2025 and no provision for the third quarter of 2024.
Noninterest Income
Noninterest income was $3.6 million for the third quarter of 2025, compared to $3.3 million for the second quarter of 2025, and $3.2 million for the third quarter of 2024.
Noninterest Expense
Noninterest expense for the third quarter of 2025 was $18.9 million, a $390 thousand decrease from the second quarter of 2025, and a $907 thousand increase from the third quarter of 2024.
Asset Quality
Total nonperforming assets were $11.7 million at September 30, 2025, representing 0.27% of total assets compared to 0.27% for the second quarter of 2025 and 0.28% for the third quarter of 2024.
Outlook / Guidance
Southern First Bancshares, Inc. maintains a cautious outlook while actively monitoring for emerging risks, yet remains optimistic about the financial outlook for the remainder of the year due to vibrant and sustainable growth momentum in its markets.
