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Southern First Bancshares SFST Non Owner Occupied Re — Valuation Allowances And Reserves Recoveries

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$13K-79.0%
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$2K-50.0%

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Other financials

Income statement

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Revenue$35.9M+25.3%
Net income$11.2M+70.1%
EPS (diluted)$1.20+48.1%

Balance sheet

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Cash & equivalents$361.6M+1,336%
Total debt$22.1M-6.3%
Total equity$452.3M+30.9%
Total assets$4.7B+9.1%

Cash flow

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Operating cash flow$10.8M+42.1%
CapEx$280.0K+98.6%
Free cash flow$10.5M+41.0%

Valuation

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Market cap$599.85M+79.8%
P/E15.2×-0.1×
P/S4.5×+1.3×

Profitability

See full
Net margin29.9%+8.9pp
FCF margin28.1%-9.9pp

Returns & leverage

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Return on equity9.9%+3.3pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Southern First Bancshares in its filing.

Tagged under the XBRL concept us-gaap:ValuationAllowancesAndReservesRecoveries.

The source filing: Southern First Bancshares’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 9:01 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001206774-26-000259
Schedule of activity related to the allowance for credit losses / (dollars in thousands)Commercial / Owner occupied RECommercial / Non- owner occupied RECommercial / ConstructionThree months March 31, 2026 / Commercial / BusinessThree months March 31, 2026 / Real EstateThree months March 31, 2026 / Home EquityThree months March 31, 2026 / ConstructionThree months March 31, 2026 / OtherThree months March 31, 2026 / Consumer / Total
Balance, beginning of period$3,9116,77361112,14815,8661,82756957542,280
Provision for (reversal of) credit losses for loans(451)(902)3711,340448623(216)(63)1,150
Loan charge-offs---(74)---(4)(78)
Loan recoveries-11-13-2--26
Net loan recoveries (charge-offs)-11-(61)-2-(4)(52)
Balance, end of period$3,4605,88298213,42716,3142,45235350843,378
Net charge-offs to average loans (annualized)0.01%
Allowance for credit losses to gross loans1.10%

Item 1. CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Southern First Bancshares's non owner occupied re — valuation allowances and reserves recoveries?
Southern First Bancshares (SFST) reported non owner occupied re — valuation allowances and reserves recoveries of $11K in Q1 2026.
What does non owner occupied re — valuation allowances and reserves recoveries mean?
The amount of previously written-off loans or valuation reserves that have been recovered during the period. This metric reflects the bank's success in collecting on impaired assets or the reversal of prior pessimistic valuation adjustments. It serves as an indicator of asset quality improvement or conservative prior-period provisioning.

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