What does construction — change in accounting estimates mean?

The financial impact resulting from revisions to accounting assumptions or methodologies applied to the construction loan portfolio. This metric captures adjustments made when management updates its estimates regarding loan life, loss rates, or other valuation parameters. It highlights the volatility and sensitivity of the bank's financial reporting to internal model adjustments.

Southern First Bancshares SFST Construction — Change In Accounting Estimates

Similar metrics at other companies

GVAConstruction — Foreign currency and other adjustments

-$15.25K-863%

ALLYConstruction-lending commitments

$270M+62.7%

IIPRConstruction loan receivable

$22.8M0.0%

VELProceeds Repayments From Advances For Construction

-$1.47M+21.1%

NRIMCommunity Banking — Due to changes in model inputs of assumptions

$0—

CATConstruction Industries — Other Adjustments

-$1M-117%

Other financials

Income statement

See full

Revenue$33.8M+27.6%

Net income$9.9M+87.8%

EPS (diluted)$1.19+83.1%

Balance sheet

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Cash & equivalents$342.8M+1,276%

Total debt$22.1M-6.3%

Total equity$379.4M+12.4%

Total assets$4.6B+6.9%

Cash flow

See full

Operating cash flow$10.8M+42.1%

CapEx$280.0K+98.6%

Free cash flow$10.5M+41.0%

Valuation

See full

Market cap$561.16M+93.1%

P/E16×+0.1×

P/S4.5×+1.5×

Profitability

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Net margin27.9%+9.4pp

FCF margin28.1%-9.9pp

Returns & leverage

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Return on equity9.8%+4.2pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by Southern First Bancshares in its filing.

Tagged under the XBRL concept SFST:ChangeInAccountingEstimates.

The official record: Southern First Bancshares’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southern First Bancshares's construction — change in accounting estimates?: Southern First Bancshares (SFST) reported construction — change in accounting estimates of $81K in Q4 2025.
What does construction — change in accounting estimates mean?: The financial impact resulting from revisions to accounting assumptions or methodologies applied to the construction loan portfolio. This metric captures adjustments made when management updates its estimates regarding loan life, loss rates, or other valuation parameters. It highlights the volatility and sensitivity of the bank's financial reporting to internal model adjustments.