Southern First Bancshares (SFST) Rent Expense (2010 - 2026)
Southern First Bancshares (SFST) posted quarterly Rent Expense of $2.5 million for Q1 2026, down 2.28% year-over-year from $2.5 million in Q1 2025, and up 0.97% quarter-over-quarter from $2.5 million in Q4 2025.
Southern First Bancshares (SFST) Rent Expense (2010 - 2026) Analysis & Trends
Southern First Bancshares (SFST) has reported Rent Expense for 17 consecutive years, with $2.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Rent Expense fell 2.28% year-over-year to $2.5 million; the TTM figure through Mar 2026 stood at $9.9 million (down 3.46% YoY), while the FY2025 annual figure was $10.0 million, down 2.99% from the prior year.
- Rent Expense grew to $2.5 million in Q1 2026 per SFST's latest filing, from $2.5 million in the prior quarter.
- Across five years, Rent Expense topped out at $2.7 million in Q4 2023 and bottomed at $1.8 million in Q1 2022.
- Historically, Rent Expense has averaged $2.5 million across 5 years, with a median of $2.5 million in 2025.
- Annual changes were most pronounced in 2022 — Rent Expense surged 44.93% — and 2025, when it slipped 5.7%.
- Southern First Bancshares' Rent Expense stood at $2.7 million in 2022, then climbed by 1.95% to $2.7 million in 2023, then declined by 4.82% to $2.6 million in 2024, then decreased by 4.68% to $2.5 million in 2025, then climbed by 0.97% to $2.5 million in 2026.
- Business Quant data shows SFST's Rent Expense at $2.5 million in Q1 2026, $2.5 million in Q4 2025, and $2.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 154.00 Mn |
| 10 | Southern First Bancshares | 581.39 Mn | 199.27 Mn | 900,000.00 | 2.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.55 Mn |
| Jun 30, 2026 | 2.55 Mn |
| Mar 31, 2026 | 2.49 Mn |
| Mar 31, 2026 | 2.49 Mn |
| Dec 31, 2025 | 2.47 Mn |
| Dec 31, 2025 | 2.47 Mn |
| Sep 30, 2025 | 2.45 Mn |
| Sep 30, 2025 | 2.45 Mn |
| Jun 30, 2025 | 2.52 Mn |
| Jun 30, 2025 | 2.52 Mn |
| Mar 31, 2025 | 2.55 Mn |
| Mar 31, 2025 | 2.55 Mn |
| Dec 31, 2024 | 2.59 Mn |
| Dec 31, 2024 | 2.59 Mn |
| Sep 30, 2024 | 2.60 Mn |
| Sep 30, 2024 | 2.60 Mn |
| Jun 30, 2024 | 2.55 Mn |
| Jun 30, 2024 | 2.55 Mn |
| Mar 31, 2024 | 2.56 Mn |
| Mar 31, 2024 | 2.56 Mn |