Southern First reports Q2 2026 EPS of $1.20, up 48% YoY on strong loan/deposit growth

Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read

Key Changes

• high

  Net income reached $11.2M with diluted EPS of $1.20, up 48% year-over-year; return on average assets improved to an undisclosed amount from 0.63% in Q2 2025, driven by 28% net interest income growth.

  Exhibit 99.1 view on EDGAR →
• high

  Retail deposits grew $184M (22% annualized) while loans expanded at 9% annualized rate in Q2; wholesale deposits reduced by $122M as the bank shifts toward retail funding.

  Exhibit 99.1 view on EDGAR →
• high

  Raised $65.2M in gross proceeds via 1.2M common share issuance to support growth; redeemed portion of subordinated notes phasing out of regulatory capital treatment.

  Exhibit 99.1 view on EDGAR →