Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q1 2021 Earnings Presentation
7 slides from Southern First Bancshares's earnings presentation, Apr 27, 2021
Slide 1: Southern First Bancshares Q1 2021 Results
Southern Southern First Bancshares Q1 2021 Results
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 risk
Slide 3: Why We Are Unique
WHY WE ARE UNIQUE | Our Model: ¢ Relationship driven with a focus on star talent ¢ Embrace technology and the evolution of our industry * Committed to organic growth versus M&A ¢ Superb at managing credit risk and enterprise risks * Highly efficient delivery — primarily with few offices ¢ Located in
Slide 4: Corporate Profile: Southern First Markets
Atlanta GEORGIA Columbi CORPORATE PROFILE: wo Raleigh NORTH CAROLINA ¥ CAROLINA we Charleston %, Greenville, SC Columbia, SC Charleston, SC Raleigh, NC Atlanta, GA Summerville, SC Greensboro, NC Charlotte, NC Southern First Markets: 2000 2007 2012 2016 2017 2018 2018 2021
Slide 5: Highlights
Q1 2021 Results - Highlights Record Net Income of $10.4 million ¢ $1.31 diluted EPS Record retail deposit growth of $138 million Solid loan growth of $41 million Opened new Charlotte office with lift-out team Superb asset quality Strong capital We © SouthernFirst
Slide 6: Income Statement
Q1 2021 Results - Income Statement Net Income of $10.4 million vs. $2.8 million in Q1 2020 * $1.31 diluted EPS vs. $0.36 in Q1 2020 * Q1 2021 provision of ($300 thousand) vs. $6 million in Q12020 ¢ Net mortgage income of $1.8 million vs. $861 thousand in Q1 2020 Net interest margin of 3.60% vs. 3.43
Slide 7: Balance Sheet / Credit Quality
Q1 2021 Results - Balance Sheet / Credit Quality ¢ Retail Deposit Growth - $138 million in Q1 2021 ¢ Zero wholesale funding on balance sheet ¢ Loan growth - $41 million in Q1 2021 * Book value - $30.58 ¢ ALLL- 1.99% of total loans « Net charge-offs - 0.07% annualized ¢ Non-performing assets - 0.30%
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