Southern First Bancshare | 10-Q: FY2025 Q3 Revenue: USD 58.59 M

Revenue: As of FY2025 Q3, the actual value is USD 58.59 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 -15.35 M.

Segment Revenue

• Interest Income: Total interest income for the three months ended September 30, 2025 was $54,986 thousand, compared to $51,171 thousand for the same period in 2024.
• Noninterest Income: Total noninterest income for the three months ended September 30, 2025 was $3,600 thousand, compared to $3,175 thousand for the same period in 2024.

Operational Metrics

• Net Income: Net income for the three months ended September 30, 2025 was $8,662 thousand, compared to $4,382 thousand for the same period in 2024.
• Net Interest Income: Net interest income for the three months ended September 30, 2025 was $27,529 thousand, compared to $20,591 thousand for the same period in 2024.
• Provision for Credit Losses: Provision for credit losses for the three months ended September 30, 2025 was $850 thousand, compared to $0 for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: Net cash provided by operating activities for the nine months ended September 30, 2025 was $32,543 thousand, compared to $27,365 thousand for the same period in 2024.
• Net Cash Used for Investing Activities: Net cash used for investing activities for the nine months ended September 30, 2025 was - $153,823 thousand, compared to - $15,911 thousand for the same period in 2024.
• Net Cash Provided by Financing Activities: Net cash provided by financing activities for the nine months ended September 30, 2025 was $241,320 thousand, compared to $92,951 thousand for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses: The allowance for credit losses was $41,799 thousand as of September 30, 2025, compared to $39,914 thousand as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company continues to focus on client service through its ‘ClientFIRST’ culture, aiming to provide a consistent and superior level of professional service.
• Non-Core Business: The company is expanding into new markets such as Charlotte, North Carolina, Greensboro, North Carolina, and Atlanta, Georgia, with a focus on successful integration and realizing anticipated benefits.