Southern First Bancshares (SFST) Research & Development (2010 - 2026)
Southern First Bancshares (SFST) posted quarterly Research & Development of $2.3 million for Q1 2026, up 11.29% year-over-year from $2.0 million in Q1 2025, and up 5.69% quarter-over-quarter from $2.1 million in Q4 2025.
Southern First Bancshares (SFST) Research & Development (2010 - 2026) Analysis & Trends
Southern First Bancshares (SFST) has reported Research & Development for 17 consecutive years, with $2.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 11.29% year-over-year to $2.3 million; the TTM figure through Mar 2026 stood at $8.8 million (up 10.43% YoY), while the FY2025 annual figure was $8.5 million, up 10.17% from the prior year.
- Research & Development climbed to $2.3 million in Q1 2026 per SFST's latest filing, from $2.1 million in the prior quarter.
- Across five years, Research & Development topped out at $2.3 million in Q1 2026 and bottomed at $1.5 million in Q4 2022.
- Historically, Research & Development has averaged $1.9 million across 5 years, with a median of $1.9 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development soared 34.33% — and 2024, when it climbed 0.15%.
- Southern First Bancshares' Research & Development stood at $1.5 million in 2022, then soared by 31.49% to $2.0 million in 2023, then advanced by 0.15% to $2.0 million in 2024, then gained by 7.09% to $2.1 million in 2025, then climbed by 5.69% to $2.3 million in 2026.
- Business Quant data shows SFST's Research & Development at $2.3 million in Q1 2026, $2.1 million in Q4 2025, and $2.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | - |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | - |
| 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 | - | - |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 250.00 Mn |
| 10 | Southern First Bancshares | 581.39 Mn | 199.27 Mn | 900,000.00 | 2.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.42 Mn |
| Mar 31, 2026 | 2.27 Mn |
| Dec 31, 2025 | 2.15 Mn |
| Sep 30, 2025 | 2.16 Mn |
| Jun 30, 2025 | 2.19 Mn |
| Mar 31, 2025 | 2.04 Mn |
| Dec 31, 2024 | 2.00 Mn |
| Sep 30, 2024 | 1.93 Mn |
| Jun 30, 2024 | 1.96 Mn |
| Mar 31, 2024 | 1.85 Mn |
| Dec 31, 2023 | 2.00 Mn |
| Sep 30, 2023 | 1.74 Mn |
| Jun 30, 2023 | 1.71 Mn |
| Mar 31, 2023 | 1.63 Mn |
| Dec 31, 2022 | 1.52 Mn |
| Sep 30, 2022 | 1.53 Mn |
| Jun 30, 2022 | 1.53 Mn |
| Mar 31, 2022 | 1.53 Mn |
| Dec 31, 2021 | 1.40 Mn |
| Sep 30, 2021 | 1.37 Mn |