Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q3 2022 Earnings Presentation
9 slides from Southern First Bancshares's earnings presentation, Oct 25, 2022
Slide 1: Third Quarter Results 2022
MON WSIS Southern THIRD QUARTER RESULTS 2022 October 25, 2022
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: Corporate Profile
CORPORATE PROFILE NORTH CAROLINA SOUTH CAROLINA ¥ ate Southern First Markets: & - Greenville, SC 2000 Atlanta Columbia, SC 2007 Charleston, SC 2012 GEORGIA Raleigh, NC 2016 Atlanta, GA 2017 Summerville, SC 2018 Greensboro, NC 2018 Charlotte, NC 2021 Ww a Ww
Slide 4: Highlights
HIGHLIGHTS ¢ Net income was $8.4 million and diluted earnings per common share were $1.04 for Q3 2022 ¢ Net interest income increased 14.8% to $25.5 million at Q3 2022, compared to $22.2 million at Q3 2021 ¢ Total loans increased 27% to $3.0 billion at Q3 2022, compared to $2.4 billion at Q3 2021 *
Slide 5: Loans & Deposits
Millions $3,200 $3,000 $2,800 $2,600 $2,400 $2,200 $2,000 $2.39B Q3 2021 LOANS & DEPOSITS Total Loans $3.03 B $2.85 B $2.66 B $2.49B : Q42021 Q12022 Q22022 © Q32022 *Total loans excludes mortgage loans held for sale. Millions Total Deposits $2.43B Q3 2021 $2.56 B Q4 2021 $2.71B Qi 2022 $2.87B Q2.202
Slide 6: Net Interest Margin
NET INTEREST MARGIN $26,000 gum Net Interest Income —=Net Interest Margin* 4.00% $25,000 3.80% $24,000 3.60% $23,000 3.40% = 3.38% $22,000 3.35% cits) 3.35% 3.20% $21,000 3.19% $20,000 3.00% Thousands Q3 2021 942021 Qi 2022 Q2 2022 Q3 2022
Slide 7: Tangible Book Value Per Share
TANGIBLE BOOK VALUE PER SHARE $35.99 $35.39 35.07 $ $34.90 7 7 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 We BN
Slide 8: Capital Ratios
CAPITAL RATIOS Holding Company Capital Ratios: Q3 2022 Q2 2022 Q1 2022 Q4 2021 Q3 2021 Total risk-based capital ratio 13.60% 13.97% 14.37% Tier 1 risk-based capital ratio 11.51% 11.83% 12.18% Leverage ratio 9.45% 9.71% 10.12% Common equity tier 1 ratio @) 11.04% 11.33% 11.65% Tangible common equity
Slide 9: MON WSIS
MON WSIS Southern
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