Southern First Bancshares
Provides relationship-team commercial banking across eight Southeast markets.
Something off on this page? Send us feedback.
Profile
Operates Southern First Bank, a relationship-team-oriented commercial bank serving eight Southeast markets. Client teams and organic expansion from Greenville shape the business, which also includes mortgage activity through the Dream Mortgage Center.
Acts as the bank holding company for Southern First Bank, a relationship-team-oriented commercial bank serving eight Southeast markets. Each client is assigned a Senior Officer, a Client Officer, and consistent support staff. The organization expanded organically from Greenville to markets in South Carolina, North Carolina, and Georgia, and opened a Dream Mortgage Center loan-production office in Columbia.
Commercial banking is the operating focus, with mortgage activity through the Dream Mortgage Center. Art Seaver has led both the company and bank since 1999. The relationship-team model and an organic-expansion approach rather than bank acquisitions shape operations.
Company facts
Categories
Key statistics
Year to date +20.4% · Average volume (30d) 111.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Target |
|---|---|---|---|---|
| Feb 5, 2026 | Piper Sandler | Reiterate | Overweight | $64 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $1.19 | $1.20 | +0.8% | $36.3M | $35.9M | −1.2% | −2.24% |
| Apr 21, 2026Q1 FY26 | $1.20 | $1.19 | −0.8% | $33.1M | $33.8M | +2.1% | +0.44% |
| Jan 22, 2026Q4 FY25 | $1.11 | $1.21 | +9.0% | $31.9M | $31.8M | −0.2% | −8.10% |
| Oct 28, 2025Q3 FY25 | $0.89 | $1.07 | +20.2% | $31.5M | $31.1M | −1.2% | −2.12% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $52.8M | $55.7M | $58.6M | $57.6M | $33.8M | $61.6M | |
| Gross profit | $25.7M | $27.9M | $30.3M | $31.2M | $32.5M | $34.9M | |
| Operating income | $6.9M | $8.6M | $11.3M | $12.8M | $12.5M | $14.5M | |
| Net income | $5.3M | $6.6M | $8.7M | $9.9M | $9.9M | $11.2M | |
| Diluted EPS | $0.65 | $0.81 | $1.07 | $1.21 | $1.20 | $1.20 | |
| Gross margin | 48.8% | 50.2% | 51.7% | 54.1% | 96.2% | 56.5% | |
| Operating margin | 13.1% | 15.4% | 19.3% | 22.2% | 36.9% | 23.5% |
Fiscal years (4-quarter sums)FY21 $105.7M · FY22 $127.2M · FY23 $187.5M · FY24 $213.3M · FY25 $224.6M
Balance sheet, Jun 30, 2026Cash & short-term investments $174.5M · Total debt $280.2M · Total assets $4.70B · Shareholders' equity $452.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 9.46M · Float 7.56M · 80.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FJ Capital Management LLC | 892.2K | 9.44% | 13F | Aug 14, 2026 |
| T. Rowe Price Investment Management, Inc. | 844.7K | 8.93% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 830.4K | 8.78% | 13F | Aug 7, 2026 |
| Endeavour Capital Advisors Inc | 662.9K | 7.01% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 392.8K | 4.15% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Leighton M. Cubbage | director | −350 | $63.05 |
| Aug 24, 2026 | Leighton M. Cubbage | director | −400 | $63.00 |
| Aug 20, 2026 | Leighton M. Cubbage | director | −800 | $63.02 |
| Aug 12, 2026 | R. Arthur Jr Seaver | director, officer: Chief Executive Officer | −21,000 | $63.59 |
| Aug 3, 2026 | Julie Ann Fairchild | officer: Chief Accounting Officer | −1,500 | $63.00 |
Peers
- Bank of America
National-scale commercial, private, and consumer banking
- Truist Financial
Charlotte-based top-10 bank across core Southeast markets
- Wells Fargo
Large bank with commercial, consumer, and wealth capabilities
- SouthState
Southeast regional bank spanning the Carolinas and Georgia
- United Community Banks
Greenville-based regional bank serving Southeast clients
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Southern First Bancshares | $62.26 | +0.04% | $588.7M | 13.3 | 11.3 | 2.8 | +25.3% |
| Bank of America | $62.30 | −0.04% | $442.26B | 14.4 | 12.7 | 2.3 | +19.3% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| Wells Fargo | $86.69 | +0.01% | $262.12B | 12.5 | 11.6 | 2.0 | +8.6% |
| SouthState | $105.98 | +0.00% | $10.28B | 11.1 | 10.8 | 3.2 | +1.2% |
| United Community Banks | $35.18 | −0.01% | $4.21B | 11.5 | 11.6 | 2.7 | +9.8% |
| Median | 12.0 | 11.6 | 2.3 | +8.6% |