Southern First Bancshares, Inc. (SFST) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	211.6M	224.6M	213.3M	187.5M	127.6M
Cost of Revenue	82.8M	109.5M	120.1M	101.2M	26.2M
Gross Profit	128.8M	115.1M	93.3M	86.3M	101.4M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	58.0M	50.2M	3.8M	45.4M	41.7M
General & Admin Expense	57.2M	48.7M	2.4M	44.0M	40.5M
Selling & Marketing Expense	811.0K	1.5M	1.4M	1.4M	1.2M
Other Expenses	19.8M	25.3M	69.5M	23.4M	21.2M
Total Operating Expenses	77.8M	75.5M	73.3M	68.8M	62.9M
Cost and Expenses	160.6M	185.0M	193.4M	170.0M	89.5M
Operating Income (EBIT)	51.0M	39.6M	19.9M	17.4M	38.1M
Non-Operating
Interest Income	222.3M	211.5M	201.2M	177.6M	117.7M
Interest Expense	103.4M	106.5M	120.0M	99.9M	20.0M
Net Interest Income	118.9M	105.0M	81.2M	77.7M	97.6M
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	51.0M	39.6M	19.9M	17.4M	38.1M
Income Tax Expense	11.4M	9.2M	4.4M	4.0M	9.0M
Bottom Line
Net Income	39.6M	30.4M	15.5M	13.4M	29.1M
Earnings from Cont. Ops	39.6M	30.4M	15.5M	13.4M	29.1M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	39.6M	30.4M	15.5M	13.4M	29.1M
Per Share
Basic EPS	$4.73	$3.77	$1.92	$1.67	$3.66
Diluted EPS	$4.68	$3.75	$1.91	$1.66	$3.61
Revenue Per Share	$23.04	$27.91	$26.40	$23.30	$16.04
Shares
Basic Shares Outstanding	9.2M	8.0M	8.1M	8.0M	8.0M
Diluted Shares Outstanding	9.3M	8.1M	8.1M	8.1M	8.1M
Profitability Metrics
EBITDA	54.1M	44.3M	24.7M	22.2M	41.8M
D&A	3.1M	4.7M	4.8M	4.8M	3.7M
EBIT	51.0M	39.6M	19.9M	17.4M	38.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026