Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Shareholder Meeting (May 2015)
16 slides from Southern First Bancshares's shareholder meeting presentation, May 20, 2015
Slide 1: Annual Shareholders' Meeting, May 19, 2015
IG So SVU FIRST Southern First Bancshares, Inc. Annual Shareholders’ Meeting May 19%, 2015
Slide 2: Forward Looking Statements
Forward Looking Statements: During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Southern First Bancshares, Inc. We wish to caution you that these forward- looking statements involve certain ris
Slide 3: Southern First Bancshares Corporate Profile
Southern First Bancshares Corporate Profile * Overview: — Headquartered in Greenville, South Carolina — 15 year old bank — 9 offices in the three largest metropolitan SC markets ¢ Financial snapshot (as of March 31, 2015) — Total assets: $1.1 billion + 6 largest bank headquartered in South Carolina
Slide 4: Markets / Footprint
Southern First Bank Markets / Footprint NORTH CAROLINA Greenville (opened 2000) $9 billion market — 4 offices Columbia (opened 2007) $15 billion market - 3 offices Charleston (opened 2012) $8 billion market - 2 offices GEORGIA
Slide 5: 2014 Highlights
2014 Highlights: ye = The value of your SFST stock improved 28% thy ) Tr Net income increased 31% to $5.7 million ty = Total deposits increased $109 million — 16% increase ~ Total loans increased $138 million — 19% increase = Total assets surpassed $1 billion Completed $18.4 million common stock off
Slide 6: Price Change (%)
Price Change (%) r three years + SFST - $105 million market valuation * 124x tangible book value / 14 x LTM earnings per share SFST: 28% Bank Index: 7% S&P500: 11%
Slide 7: 2014 Highlight — Net Income Growth
2014 Highlight — Net Income Growth Net Income increased 31% in 2014 Net Income - $ mil 88 $5.7 $6 $4 $2 $0
Slide 8: Deposit / Loan Growth
— Deposit / Loan growt Loans up 19% Deposits - $ mil Loans - $ mil $950 $900 $850 Q4 2013 Q4 2014 $800 $750 $700 $650 Q4 2013 4.2014 Souther FIRST
Slide 9: Q4 2014 Capital Raise
Q4 2014 Capital Raise $18.4 million in net proceeds * Existing and new institutional owners * Redeemed remaining $11.2 million preferred stock * TCE = 8.06% Total risk based capital = 12.51% * Provides capital for continued organic growth
Slide 10: Strategic Vision: One Chance / One Step
Strategic Vision: One Chance / One Step
Slide 11: Q1 2015 Financial Highlights
Strategic Vision Q1 2015 financial highligh * Net income increased 92% to $2.0 million (1) — $.31 per diluted share * Core deposits increased 21% to $627 million «ay * Loans increased 17% to $909 million (1 * Top line revenue increased 30% to $11.2 million q) — Net interest income plus noninterest i
Slide 12: 2015 Performance: Earnings Momentum
1 2015 Performance Earnings momentum Net Income to Common Earnings per Common Share Shareholders ($ thou) Diluted Up 92% in QU ‘15 $035 $2,100 $2,028 $0.31 $0.31 $1,900 $1,766 $0.30 oe $1,700 1,573 es $0.26 $1,500 2 $1,313 7s $1.30 $0.22 Si) 1 ie $0.20 900 $700 0.15 I 14 Q214 Q34 QSId QUIS QI14 Q214
Slide 13: 2015 Performance: Growth in Core Deposits and Loans
12015 Per ance Growth in core deposits and loans Loans - $ mil $950 $900 $850 $813 $800 13776 $750 -— QU14 Q2114 Q314 Q414 QUIS $700 QU14 Q214 Q3I4 Q4'I4 Quits
Slide 14: Strong Growth in Top Line Revenue
12015 Pe: Strong growth in top line revenue * QI 2105 total revenue increased 30% from QI 2014 * QI 2105 noninterest income increased 121% from Q1 2014 $11,500 $11,000 $10,500 $10,000 $9,500 $9,000 $8,500 $8,000 $7,500 $7,000 Total Revenue ($ 000’s) * $10,567 $10,051 $9,588 $8,613 Orns gris Qaida su
Slide 15: Southern First: Growing Shareholder Value
Southern First Growing shareholder value Leadership — performance driven
Slide 16: Thank you for your continued support
IG So SVU FIRST Southern First Bancshares, Inc. Annual Shareholders’ Meeting Thank you for your continued support
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