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Southern First Bancshares, Inc.(SFST)Earnings, Financials & Key Ratios
SFST•NASDAQ•Banking & Credit
15.5× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryRegional BanksSub-IndustryCommercial and middle-market focused banks
AboutSouthern First Bancshares, Inc. operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit. Its loan portfolio comprises commercial real estate loans; construction real estate loans; commercial business loans for various lines of businesses, such as the manufacturing, service industry, and professional service areas; consumer real estate and home equity loans; and other consumer loans, including secured and unsecured installment loans and revolving lines of credit. In addition, the company provides other bank services, such as internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment, and mobile banking services. It operates through eight retail offices located in Greenville, Charleston, and Columbia; three retail offices located in Raleigh, Greensboro, and Charlotte markets; and one retail office located in Atlanta. The company was incorporated in 1999 and is headquartered in Greenville, South Carolina.Show more
- Net Interest Income$105M+29.2%
- Total Revenue$225M+5.3%
- Net Income$30M+95.5%
- Return on Equity8.69%+79.8%
- Net Interest Margin2.38%+19.9%
- Efficiency Ratio33.63%-2.1%
- ROA0.72%+87.5%
- Equity / Assets8.37%+3.6%
- Book Value per Share45.56+11.9%
SFST Key Insights
Southern First Bancshares, Inc. (SFST) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong Piotroski F-Score: 8/9
- ✓Efficient operations: 33.6% efficiency ratio
- ✓Trading at only 1.3x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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SFST Price & Volume
Southern First Bancshares, Inc. (SFST) stock price & volume — 10-year historical chart
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SFST Growth Metrics
Southern First Bancshares, Inc. (SFST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years15.23%
5 Years12.95%
3 Years20.73%
TTM-
Profit CAGR
10 Years11.56%
5 Years10.63%
3 Years1.41%
TTM95.53%
EPS CAGR
10 Years9.24%
5 Years9.89%
3 Years1.28%
TTM94.79%
Return on Capital
10 Years8.45%
5 Years7.47%
3 Years3.91%
Last Year5.92%
SFST Recent Earnings
Southern First Bancshares, Inc. (SFST) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 21, 2026Metric
Actual
Est
EPS
$1.19-0.8%
$1.20
Rev
$34M+2.1%
$33M
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$1.21+9.0%
$1.11
Rev
$32M-0.2%
$32M
Q4 2025
Oct 28, 2025Metric
Actual
Est
EPS
$1.07+20.2%
$0.89
Rev
$31M-1.2%
$32M
Q3 2025
Jul 22, 2025Metric
Actual
Est
EPS
$0.81+24.6%
$0.65
Rev
$29M-0.2%
$29M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $1.19vs $1.20-0.8% | $34Mvs $33M+2.1% |
| Q1 2026 | Jan 22, 2026 | $1.21vs $1.11+9.0% | $32Mvs $32M-0.2% |
| Q4 2025 | Oct 28, 2025 | $1.07vs $0.89+20.2% | $31Mvs $32M-1.2% |
| Q3 2025 | Jul 22, 2025 | $0.81vs $0.65+24.6% | $29Mvs $29M-0.2% |
Based on last 12 quarters of dataView full earnings history →
SFST Peer Comparison
Southern First Bancshares, Inc. (SFST) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GSBC | 845.96M | 74.23 | 11.99 | -3.37% | 20.63% | 11.33% | 0.64 | |
 HBCP | 519.47M | 66.28 | 11.29 | 4.93% | 22.01% | 11.03% | 0.13 | |
 CBAN | 385.08M | 20.56 | 12.93 | 5.37% | 14.85% | 8.98% | 0.71 | |
 NBTB | 2.44B | 46.68 | 14.02 | 10.36% | 18.76% | 9.51% | 0.17 | |
 SMBC | 805.46M | 72.51 | 14.00 | 11.72% | 20.82% | 11.85% | 0.26 | |
 FFIN | 4.7B | 32.78 | 18.52 | 11.71% | 30.71% | 14.16% | 0.01 | |
 GABC | 1.69B | 44.99 | 14.70 | 54.54% | 23.11% | 10.25% | 0.16 | |
 SFNC | 3.18B | 21.90 | -7.42 | -56.66% | -64.33% | -11.48% | 0.19 |
Compare SFST vs Peers
Southern First Bancshares, Inc. (SFST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SFST Income Statement
Southern First Bancshares, Inc. (SFST) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 50.88M | 60.15M | 67.27M | 79.81M | 87.73M | 97.62M | 77.65M | 81.22M | 104.95M |
NII Growth % | 18.32% | 18.23% | 11.83% | 18.64% | 9.93% | 11.27% | -20.45% | 4.59% | 29.22% |
Net Interest Margin % | 3.13% | 3.16% | 2.97% | 3.21% | 3% | 2.64% | 1.91% | 1.99% | 2.38% |
Interest Income | 61.21M | 76.66M | 92.65M | 94.82M | 93.17M | 117.66M | 177.6M | 201.21M | 211.48M |
Interest Expense | 10.33M | 16.5M | 25.38M | 15.01M | 5.43M | 20.04M | 99.94M | 119.99M | 106.53M |
Loan Loss Provision | 2M | 1.9M | 2.3M | 29.6M | -12.4M | 6.16M | 1.26M | 125K | 2.95M |
Non-Interest Income | 9.34M | 6.05M | 10.04M | 27.35M | 17.09M | 9.97M | 9.86M | 12.11M | 13.14M |
Non-Interest Income % | 13.24% | 7.31% | 9.78% | 22.39% | 15.5% | 7.81% | 5.26% | 5.68% | 5.85% |
Total Revenue | 70.55M▲ 0% | 82.71M▲ 17.2% | 102.69M▲ 24.2% | 122.17M▲ 19.0% | 110.26M▼ 9.8% | 127.64M▲ 15.8% | 187.46M▲ 46.9% | 213.32M▲ 13.8% | 224.62M▲ 5.3% |
Revenue Growth % | 13.72% | 17.24% | 24.17% | 18.96% | -9.75% | 15.76% | 46.87% | 13.8% | 5.29% |
Non-Interest Expense | 34.55M | 35.61M | 39.53M | 53.74M | 56.43M | 62.93M | 68.83M | 73.3M | 75.53M |
Efficiency Ratio | 48.98% | 43.06% | 38.5% | 43.99% | 51.18% | 49.31% | 36.72% | 34.36% | 33.63% |
Operating Income | 23.66M▲ 0% | 28.69M▲ 21.3% | 35.48M▲ 23.7% | 23.82M▼ 32.9% | 60.8M▲ 155.3% | 38.11M▼ 37.3% | 17.43M▼ 54.3% | 19.91M▲ 14.3% | 39.6M▲ 98.9% |
Operating Margin % | 33.54% | 34.69% | 34.55% | 19.5% | 55.15% | 29.86% | 9.3% | 9.33% | 17.63% |
Operating Income Growth % | 16.16% | 21.25% | 23.66% | -32.86% | 155.27% | -37.32% | -54.28% | 14.26% | 98.9% |
Pretax Income | 23.66M▲ 0% | 28.69M▲ 21.3% | 35.48M▲ 23.7% | 23.82M▼ 32.9% | 60.8M▲ 155.3% | 38.11M▼ 37.3% | 17.43M▼ 54.3% | 19.91M▲ 14.3% | 39.6M▲ 98.9% |
Pretax Margin % | 33.54% | 34.69% | 34.55% | 19.5% | 55.15% | 29.86% | 9.3% | 9.33% | 17.63% |
Income Tax | 10.62M | 6.4M | 7.62M | 5.49M | 14.09M | 9M | 4M | 4.38M | 9.24M |
Effective Tax Rate % | 44.87% | 22.31% | 21.48% | 23.05% | 23.18% | 23.61% | 22.96% | 22.01% | 23.33% |
Net Income | 13.04M▲ 0% | 22.29M▲ 70.9% | 27.86M▲ 25.0% | 18.33M▼ 34.2% | 46.71M▲ 154.9% | 29.11M▼ 37.7% | 13.43M▼ 53.9% | 15.53M▲ 15.7% | 30.37M▲ 95.5% |
Net Margin % | 18.49% | 26.95% | 27.13% | 15% | 42.37% | 22.81% | 7.16% | 7.28% | 13.52% |
Net Income Growth % | 0.07% | 70.86% | 24.99% | -34.21% | 154.86% | -37.67% | -53.89% | 15.67% | 95.53% |
Net Income (Continuing) | 13.04M | 22.29M | 27.86M | 18.33M | 46.71M | 29.11M | 13.43M | 15.53M | 30.37M |
EPS (Diluted) | 1.76▲ 0% | 2.88▲ 63.6% | 3.58▲ 24.3% | 2.34▼ 34.6% | 5.85▲ 150.0% | 3.61▼ 38.3% | 1.66▼ 54.0% | 1.91▲ 15.1% | 3.75▲ 96.3% |
EPS Growth % | -9.28% | 63.64% | 24.31% | -34.64% | 150% | -38.29% | -54.02% | 15.06% | 96.34% |
EPS (Basic) | 1.86 | 3.02 | 3.70 | 2.37 | 5.96 | 3.66 | 1.67 | 1.92 | 3.77 |
Diluted Shares Outstanding | 7.41M | 7.74M | 7.77M | 7.82M | 7.99M | 8.07M | 8.08M | 8.12M | 8.09M |
SFST Balance Sheet
Southern First Bancshares, Inc. (SFST) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 110.62M | 111.9M | 106.25M | 173.67M | 200.61M | 162.94M | 46.29M | 34.87M | 155.55M |
Cash & Due from Banks | 43.02M | 36.99M | 38.56M | 78.94M | 80.33M | 69.6M | 36.82M | 34.41M | 27.82M |
Short Term Investments | 67.6M | 74.91M | 67.69M | 94.73M | 120.28M | 93.35M | 9.47M | 461K | 127.73M |
Total Investments | 1.45B | 1.75B | 2.02B | 2.25B | 2.6B | 3.33B | 3.71B | 3.73B | 3.95B |
Investments Growth % | 18.83% | 20.29% | 15.8% | 11.48% | 15.16% | 28.41% | 11.22% | 0.7% | 5.74% |
Long-Term Investments | 1.38B | 1.67B | 1.95B | 2.16B | 2.48B | 3.24B | 3.7B | 3.73B | 3.95B |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 32.23M | 32.43M | 58.48M | 60.24M | 92.37M | 99.18M | 94.3M | 88.79M | 83.47M |
Other Assets | 93.94M | 80.92M | 143.7M | 79.65M | 148.37M | 177.11M | 204.75M | 217.4M | -3.96B |
Total Current Assets | 110.62M | 111.9M | 106.25M | 173.67M | 200.61M | 162.94M | 46.29M | 34.87M | 155.55M |
Total Non-Current Assets | 1.51B | 1.79B | 2.16B | 2.31B | 2.72B | 3.53B | 4.01B | 4.05B | 83.47M |
Total Assets | 1.62B▲ 0% | 1.9B▲ 17.0% | 2.27B▲ 19.3% | 2.48B▲ 9.5% | 2.93B▲ 17.8% | 3.69B▲ 26.2% | 4.06B▲ 9.9% | 4.09B▲ 0.8% | 4.4B▲ 7.7% |
Asset Growth % | 21.16% | 16.99% | 19.29% | 9.5% | 17.84% | 26.2% | 9.85% | 0.78% | 7.73% |
Return on Assets (ROA) | 0.88% | 1.26% | 1.34% | 0.77% | 1.73% | 0.88% | 0.35% | 0.38% | 0.72% |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt | 80.6M | 63.4M | 145.89M | 61M | 36.11M | 211.21M | 311.32M | 264.9M | 264.9M |
Net Debt | 37.59M | 26.41M | 107.33M | -17.95M | -44.22M | 141.62M | 274.5M | 230.49M | 237.08M |
Long-Term Debt | 80.6M | 63.4M | 145.89M | 61M | 36.11M | 211.21M | 311.32M | 264.9M | 264.9M |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 0 | 0 | 39.32M | 50.54M | 47.72M | 52.39M | 52.44M | 56.48M | 3.75B |
Total Current Liabilities | 1.38B | 1.65B | 1.88B | 2.14B | 2.56B | 3.13B | 3.38B | 3.44B | 3.72B |
Total Non-Current Liabilities | 93.82M | 78.56M | 185.21M | 111.53M | 83.82M | 263.61M | 363.76M | 321.38M | 4.04B |
Total Liabilities | 1.47B | 1.73B | 2.06B | 2.25B | 2.65B | 3.4B | 3.74B | 3.76B | 4.03B |
Total Equity | 149.69M▲ 0% | 173.92M▲ 16.2% | 205.86M▲ 18.4% | 228.29M▲ 10.9% | 277.9M▲ 21.7% | 294.51M▲ 6.0% | 312.47M▲ 6.1% | 330.44M▲ 5.8% | 368.66M▲ 11.6% |
Equity Growth % | 36.24% | 16.19% | 18.37% | 10.9% | 21.73% | 5.98% | 6.1% | 5.75% | 11.56% |
Equity / Assets (Capital Ratio) | 9.21% | 9.15% | 9.08% | 9.2% | 9.5% | 7.98% | 7.7% | 8.08% | 8.37% |
Return on Equity (ROE) | 10.05% | 13.78% | 14.67% | 8.44% | 18.46% | 10.17% | 4.42% | 4.83% | 8.69% |
Book Value per Share | 20.20 | 22.48 | 26.48 | 29.18 | 34.79 | 36.49 | 38.68 | 40.71 | 45.56 |
Tangible BV per Share | 20.20 | 22.48 | 26.48 | 29.18 | 34.79 | 36.49 | 38.68 | 40.71 | 45.56 |
Common Stock | 73K | 75K | 77K | 78K | 79K | 80K | 81K | 82K | 82K |
Additional Paid-in Capital | 99.99M | 102.63M | 106.15M | 108.83M | 114.23M | 119.03M | 121.78M | 124.64M | 125.92M |
Retained Earnings | 50.59M | 72.87M | 100.73M | 119.06M | 165.77M | 192.12M | 205.55M | 221.08M | 251.44M |
Accumulated OCI | -456K | -917K | -298K | 1.02M | -740K | -13.41M | -11.34M | -11.47M | -8.79M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SFST Cash Flow Statement
Southern First Bancshares, Inc. (SFST) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 17.19M | 31.7M | 18.31M | 20.62M | 78.07M | 50.3M | 17.65M | 25.56M | 30.46M |
Operating CF Growth % | 0.61% | 84.39% | -42.25% | 12.62% | 278.63% | -35.56% | -64.91% | 44.78% | 19.17% |
Net Income | 13.04M | 22.29M | 27.86M | 18.33M | 46.71M | 29.11M | 13.43M | 15.53M | 30.37M |
Depreciation & Amortization | 1.46M | 1.75M | 1.92M | 2.19M | 2.32M | 3.7M | 4.82M | 4.81M | 4.74M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.3M |
Other Non-Cash Items | -1.41M | 4.99M | -15.8M | -2.07M | 35.6M | 16.43M | -1.96M | 3.28M | -5.16M |
Working Capital Changes | 2.84M | 1.17M | 2.64M | 775K | -8.21M | -965K | -576K | -345K | -458K |
Cash from Investing | -239.01M | -301.71M | -275.58M | -230.77M | -410.63M | -792.58M | -378.57M | -28.86M | -206.33M |
Purchase of Investments | -25.06M | -23.23M | -44.6M | -53.19M | -51.64M | -40.8M | -114.87M | -28.24M | 0 |
Sale/Maturity of Investments | 22.82M | 15.25M | 50.07M | 30.43M | 22.53M | 44.2M | 66.96M | 30.54M | 29.62M |
Net Investment Activity | -2.23M | -7.97M | 5.46M | -22.76M | -29.11M | 3.4M | -47.9M | 2.31M | 29.62M |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | -231.4M | -291.79M | -272.61M | -200.74M | -355.01M | -782.03M | -329.43M | -30.38M | -235.37M |
Cash from Financing | 267.44M | 250.71M | 312.22M | 183.02M | 399.08M | 745.94M | 346.22M | 9.99M | 282.6M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock Issued | 24.76M | 0 | 0 | 1.39M | 3.01M | 905K | 518K | 294K | 2.04M |
Net Stock Activity | 24.76M | 0 | 0 | 1.39M | 3.01M | 905K | 518K | 294K | 2.04M |
Debt Issuance (Net) | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 0 |
Other Financing | 290.68M | 267.91M | 229.76M | 266.63M | 421.07M | 570.04M | 245.7M | 56.2M | 280.55M |
Net Change in Cash | 45.61M▲ 0% | -19.29M▼ 142.3% | 54.94M▲ 384.8% | -27.13M▼ 149.4% | 66.52M▲ 345.2% | 3.67M▼ 94.5% | -14.7M▼ 501.2% | 6.69M▲ 145.5% | 106.72M▲ 1494.5% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 46.55M | 92.17M | 72.87M | 127.82M | 100.69M | 167.21M | 170.87M | 156.17M | 162.86M |
Cash at End | 92.17M | 72.87M | 127.82M | 100.69M | 167.21M | 170.87M | 156.17M | 162.86M | 269.58M |
Interest Paid | 9.99M | 15.41M | 25.16M | 16.31M | 6.4M | 18.88M | 93.35M | 119.35M | 106.85M |
Income Taxes Paid | 8.39M | 5.45M | 7.88M | 2.74M | 21.65M | 11.83M | 1.51M | 3.77M | 10.64M |
Free Cash Flow | 11.81M▲ 0% | 29.76M▲ 151.9% | 9.88M▼ 66.8% | 13.34M▲ 35.1% | 51.56M▲ 286.4% | 36.35M▼ 29.5% | 16.41M▼ 54.9% | 24.77M▲ 51.0% | 29.88M▲ 20.6% |
FCF Growth % | 1.29% | 151.95% | -66.81% | 35.08% | 286.42% | -29.49% | -54.86% | 50.95% | 20.6% |
SFST Banking Ratios
Southern First Bancshares, Inc. (SFST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 12.77% | 10.05% | 13.78% | 14.67% | 8.44% | 18.46% | 10.17% | 4.42% | 4.83% | 8.69% |
Return on Assets (ROA) | 1.02% | 0.88% | 1.26% | 1.34% | 0.77% | 1.73% | 0.88% | 0.35% | 0.38% | 0.72% |
Net Interest Margin | 3.21% | 3.13% | 3.16% | 2.97% | 3.21% | 3% | 2.64% | 1.91% | 1.99% | 2.38% |
Efficiency Ratio | 50.25% | 48.98% | 43.06% | 38.5% | 43.99% | 51.18% | 49.31% | 36.72% | 34.36% | 33.63% |
Equity / Assets | 8.19% | 9.21% | 9.15% | 9.08% | 9.2% | 9.5% | 7.98% | 7.7% | 8.08% | 8.37% |
Book Value / Share | 16.35 | 20.2 | 22.48 | 26.48 | 29.18 | 34.79 | 36.49 | 38.68 | 40.71 | 45.56 |
NII Growth | 11.6% | 18.32% | 18.23% | 11.83% | 18.64% | 9.93% | 11.27% | -20.45% | 4.59% | 29.22% |
Related:SFST Dividend History·SFST Revenue History·SFST Price History·SFST P/E History·SFST Financial Ratios·SFST Institutional Holders
SFST SEC Filings & Documents
Southern First Bancshares, Inc. (SFST) SEC filings — annual & quarterly reports (10-K, 10-Q)
SFST Frequently Asked Questions
Southern First Bancshares, Inc. (SFST) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Southern First Bancshares, Inc. (SFST) grew revenue by 5.3% over the past year. This is steady growth.
Yes, Southern First Bancshares, Inc. (SFST) is profitable, generating $30.4M in net income for fiscal year 2025 (13.5% net margin).
Dividend & Returns
Southern First Bancshares, Inc. (SFST) has a return on equity (ROE) of 8.7%. This is below average, suggesting room for improvement.
Industry Metrics
Southern First Bancshares, Inc. (SFST) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.
Southern First Bancshares, Inc. (SFST) has an efficiency ratio of 33.6%. This is excellent, indicating strong cost control.