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Southern First Bancshares, Inc.

SFST Financial Banks Regional

Southern First Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $224.6 million, up 5.28% from fiscal 2024.

Revenue
+8.16%
EPS
+20.4%
Free cash flow
+41.8%
Total debt
−4.34%

Quarter to September 2026, against a year earlier

59.28 0.08 +0.14%
Market cap
$561.9M
P/E
12.0×
Fwd P/E
11.9×
Dividend yield
—
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.04
Sold, $m 2.88
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — 1 — — — — — 1 — —
Sell 2 — 1 — — — 2 — 5 1 — —
Insider Ownership 6.22%

Capital & Financial Ratios $m

Size
Market Cap 561.87
Revenue ttm 240.78
Net income ttm 43.17
Free cash flow ttm 45.81
Net debt Q (146.10)
Valuation
P/E 11.97
Forward P/E 11.90
Price / sales 2.33
Forward P/S Powerpack
Price / FCF 12.22
Price / book 1.21
Financial health
Current ratio Q 1.10
Debt / equity Q 0.55
Interest coverage Q —
Growth
Revenue growth Q +8.16% (above 0%: growing)
Operating income growth Q +39.65% (above 0%: growing)
EPS, this year +33.60% (at or above 15%: strong)
EPS, next year A +20.26% (at or above 15%: strong)
Revenue, next year A −34.82% (below 0%: weak)
EPS, past 5 yrs +9.89%
EPS, next 5 yrs A +22.86% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 30.73%
10-year low 10-year high
P/S against its own 10 years 38.25%
10-year low 10-year high
P/B against its own 10 years 37.81%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 156 163 270 399
Receivables — — — —
Inventory — — — —
Other — — — —
3,725 3,759 4,084 4,533
2023 2024 2025 Q'26
Payables 3,380 3,436 3,717 4,105
ST’ Debt — — — —
Other — — — —
3,380 3,436 3,717 4,105

Compound Annual Growth %

10y 5y 3y
Sales 15.23% 12.95% 20.86%
Cash Flow 4.24% 8.11% (15.40%)
Earnings 11.56% 10.63% 1.41%
Book Value 14.61% 10.06% 7.77%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.26 Actual 1.28

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.11 1.21 Beat by 0.10
Q1 FY26 1.20 1.19 Miss by 0.01
Q2 FY26 1.19 1.20 Beat by 0.01
Q3 FY26 1.26 1.28 Beat by 0.02
Q4 FY26 1.36 — Reports 28 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.19 1.20 1.28 — —
’25 0.65 0.81 1.07 1.21 3.75
’24 0.31 0.37 0.54 0.70 1.91
’23 0.33 0.31 0.51 0.51 1.66
’22 0.98 0.90 1.04 0.68 3.61
’21 1.31 1.29 1.75 1.49 5.85
’20 0.36 0.60 0.28 1.10 2.34
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 58 62 63 — —
’25 53 56 59 58 225
’24 51 54 54 54 213
’23 40 45 50 51 187
’22 27 30 34 37 127
’21 29 26 28 27 110
’20 28 33 31 30 122
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 11 18 21 — —
’25 8 10 14 (2) 30
’24 (3) 4 26 (2) 26
’23 1 (7) 16 7 18
’22 8 7 22 13 50
’21 11 23 16 28 78
’20 (4) 6 (5) 24 21
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 10 17 20 — —
’25 7 10 14 (2) 30
’24 (3) 4 26 (2) 25
’23 1 (7) 16 7 16
’22 2 3 18 13 36
’21 8 15 10 18 52
’20 (5) 4 (6) 23 16
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 62 71 87 108 122 110 127 187 213 225 241 +15.4% 146 172 146 (13.3%)
Gross margin, % 86.79 85.35 81.00 76.42 87.72 95.07 84.25 46.68 43.76 52.57 57.75 (34.2) pt
EBT 20 24 29 35 24 61 38 17 20 40 56 +7.7%
EBT margin, % 32.83 33.54 33.03 32.96 19.50 55.14 29.95 9.30 9.33 17.63 23.07 (15.2) pt
Net income 13 13 22 28 18 47 29 13 16 30 43 +9.9%
Per share, $
Per share, $ Revenue 9.82 10.07 11.76 14.30 15.83 14.06 15.99 23.30 26.40 27.76 25.54 +12.2%
Earnings 2.06 1.86 3.02 3.70 2.37 5.96 3.66 1.67 1.92 3.77 4.96 +6.9%
Cash flow 2.70 2.45 4.29 2.43 2.67 9.95 6.32 2.19 3.16 3.76 5.10 +3.7%
Capex (0.86) (0.77) (0.26) (1.12) (0.57) (3.37) (1.74) (0.15) (0.09) (0.07) (0.24) (24.1%)
Free cash flow 1.85 1.69 4.03 1.31 2.10 6.58 4.58 2.04 3.07 3.69 4.86 +8.0%
Book value 17.39 21.37 23.55 27.35 29.58 35.43 37.01 38.83 40.89 45.56 49.02 +11.3%
Shares, m 6 7 7 8 8 8 8 8 8 8 9 +2.8%
Valuation, ×
Valuation, × P/E 17.27 21.93 10.62 11.48 14.85 10.50 12.31 22.05 20.70 13.67 11.97 15.5
P/S 3.64 4.07 2.73 2.97 2.23 4.45 2.82 1.58 1.51 1.86 2.33 2.8
P/B 2.06 1.92 1.36 1.55 1.20 1.76 1.22 0.95 0.97 1.13 1.21 1.4
EV/Sales 4.96 3.91 2.62 3.14 1.91 3.26 3.13 2.41 1.98 0.77 — 2.8
EV/FCF 26.41 23.34 7.64 34.21 14.36 6.96 10.94 27.51 17.07 5.76 — 17.4
Cash, $m
Cash, $m Operating cash flow 17 17 32 18 21 78 50 18 26 30 48 +6.6%
Capex (5) (5) (2) (8) (4) (26) (14) (1) (1) (1) (2) (22.0%)
Free cash flow 12 12 30 10 16 52 36 16 25 30 46 +11.0%
Balance, $m
Balance, $m Working capital 112 94 96 206 117 76 276 346 324 367 428 +14.1%
Net debt 82 (12) (9) 18 (40) (131) 40 155 102 (5) (146) n/m
Shareholders’ equity 110 150 174 206 228 278 295 312 330 369 462 +14.4%
Returns, %
Returns, % ROA 1.02 0.88 1.26 1.34 0.77 1.73 0.88 0.35 0.38 0.72 0.93 (0.3) pt
ROIC 6.63 10.71 10.90 9.90 7.89 25.89 7.11 2.33 2.88 6.80 10.99 +0.2 pt
ROE 12.77 10.05 13.78 14.67 8.44 18.46 10.17 4.42 4.83 8.69 10.55 (4.1) pt
People
People Employees 179 198 229 242 254 278 293 296 297 315 — +6.5%
Revenue/emp, $m 0.35 0.36 0.38 0.44 0.48 0.40 0.43 0.63 0.72 0.71 — +8.3%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Southern First Bancshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
KRNY Kearny Financial $586.3M 15.6× 12.1× +1.22% (above 0%: growing) +6.67% (above 0%: growing) +147.69% (above 0%: growing) 50.63% 0.00% Compare
CIVB Civista Bancshares, Inc. $583.3M 10.1× 9.6× +4.29% (above 0%: growing) +13.24% (above 0%: growing) +57.62% (above 0%: growing) 72.61% 0.00% Compare
UNTY Unity Bancorp, Inc. $580.2M 9.4× 9.5× +10.61% (above 0%: growing) +20.98% (above 0%: growing) +8.49% (above 0%: growing) 70.01% 0.00% Compare
BWB Bridgewater Bancshares, Inc. $567.9M 9.9× 10.2× +4.66% (above 0%: growing) +41.63% (above 0%: growing) +433.13% (above 0%: growing) 54.57% 0.00% Compare
SFST Southern First Bancshares, Inc. $561.9M 12.0× 11.9× +8.16% (above 0%: growing) +20.37% (above 0%: growing) +41.79% (above 0%: growing) 59.23% 0.00%
BWFG Bankwell Financial Group, Inc. $559.9M 12.2× 11.6× +10.72% (above 0%: growing) +25.00% (above 0%: growing) +23.23% (above 0%: growing) 60.10% 0.00% Compare
BSVN Bank7 Corp. $556.7M 13.2× 16.2× −7.40% (below 0%: shrinking) −25.42% (below 0%: shrinking) +20.62% (above 0%: growing) 71.74% 0.00% Compare
COFS ChoiceOne Financial Services, Inc. $548.6M 10.1× 9.9× −2.56% (below 0%: shrinking) −7.78% (below 0%: shrinking) +165.17% (above 0%: growing) 70.71% 0.00% Compare
CBAN Colony Bankcorp, Inc. $546.8M 12.1× 12.0× +23.45% (above 0%: growing) +10.87% (above 0%: growing) −48.88% (below 0%: shrinking) 72.54% 0.00% Compare
Median of peers $563.9M 11.1× 10.9× +4.48% +12.05% +40.43% 70.36% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 6 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 1.15m 1.21m 145.74
2024 1.14m 1.11m 93.55
2023 805.32k 763.50k 115.68
2022 930.65k 648.35k 110.91
2021 1.28m 1.94m 173.58

Ownership

Directors and executive officers, together 6.90%
FJ Capital Management LLC 9.79%
T. Rowe Price Investment Management, Inc. 9.51%
BlackRock, Inc. 8.75%
Endeavour Capital Advisors, Inc. 7.11%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Southern First Bancshares, Inc. (SFST) Latest News

20 Oct

Impact 4 · · PR Newswire
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · Associated Press

23 Jul

Impact 4 · · Simply Wall St.
Impact 3 ·

21 Jul

Impact 4 ·

21 Apr

Impact 4 ·
Impact 4 ·
Impact 3 ·

17 Apr

Impact 4 ·

15 Apr

Impact 4 · · PR Newswire
Impact 4 · · PR Newswire

22 Jan

Impact 4 · · ZacksAssociated Press FinanceZacks
Impact 4 · · Associated Press Finance
Impact 3 · · PR Newswire

19 Jan

Impact 4 ·

11 Dec

Impact 4 · · Simply Wall St.

10 Dec

Impact 3 · · Simply Wall St.

10 Nov

Impact 3 · · Zacks

30 Oct

Impact 4 ·

29 Oct

Impact 4 · · Simply Wall St.

28 Oct

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 4 · · PR Newswire
Impact 3 ·

24 Sep

Impact 3 ·

26 Aug

Impact 4 ·

24 Jul

Impact 4 ·
stockrow.com/SFST · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com