Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q4 2025 Earnings Presentation
17 slides from Southern First Bancshares's earnings presentation, Jan 22, 2026
Slide 1: Fourth Quarter 2025 Investor Presentation
NN XXX KKK Southern FOURTH QUARTER 2025 INVESTOR PRESENTATION January 22, 2026 VIX CCCCOOCCCWN
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 / Our Philosophy
SOUTHERN FIRST BANCSHARES, INC. CORPORATE PROFILE OUR PHILOSOPHY
Slide 4: Performance Summary
PERFORMANCE SUMMARY Earnings Per Share Return on Average Assets 8 s034 wy q90 ond 5051/7968" (genome gn202s—qnams 932025 quams cram grams —qaams Net Interest Margin Book Value Per Share
Slide 5: Performance Summary: Revenue and Expense Trends
PERFORMANCE SUMMARY Revenue* and Expense Trends + Revenue continues to reach historically high levels ata steady rate, primarily bolstered by a consistently expanding margin + Revenue has been steadil balance sheet + More specifically oan growth in 5 has had a significant impact in ‘steepening reven
Slide 6: High-Growth Metro Market Expansion
HIGH-GROWTH METRO MARKET EXPANSION ee Ee Pe \ :
Slide 7: Financial Highlights - Q4 2025
FINANCIAL HIGHLIGHTS - Q4 2025 Diluted earnings per common share of $1.21, up $0.14, or 13%, from Q3 2025, and $0.51, or 73%, compared to Q4 2024 Net interest margin of 2.72%, compared to 2.62% for Q3 2025 and 2.25% for Q4 2024 Total loans of $3.8 billion, up 6% from Q4 2024; Total deposits of $3.7
Slide 8: Loan & Deposit Composition
LOAN & DEPOSIT COMPOSITION Home gui Ome 1 cl cs aa state Total Loans* Total Deposits |) jac - $3.63 Billion soins $3.68 Billion =
Slide 9: Asset Quality
ASSET QUALITY ‘Accruing loans 30 days or more past due/loans* + Credit performance remains favorable to peers — * _ + Past due loans are monitored and well-managed at 0.13% omy Bo oftotal loans = — + NPA ratio increased slightly over prior quarter, but not ume indicate of new credit quality concerns
Slide 10: Balance Sheet Trends
BALANCE SHEET TRENDS Total Loans Retail Deposits i i ome gta aims giana cum qua Gamma profitable growth «Total loan growth was 69 (annualized) for Q4 2025 and 6% for YTD 2025 + Retail deposit growth was 7% (annualized for 4 2025 and 10% for YO 2025, substantially less than the decreasein deposit cos
Slide 11: Balance Sheet Repricing Opportunities
BALANCE SHEET REPRICING OPPORTUNITIES Fixed Rate Loan Repricing <6%6* Time Deposit Contractual Maturities ‘multiple possible scenarios,
Slide 12: Noninterest Income and Expense
NONINTEREST INCOME AND EXPENSE Noninterest income* Noninterest Expense/Avg Assets += 315 associates
Slide 13: Mortgage Activity Trends
MORTGAGE ACTIVITY TRENDS Mortgages Closed ‘Mortgage Locks - Purchast + Sold $61
Slide 14: Capital Ratios
CAPITAL RATIOS Total risk-based capital ratio 12.89% 12.79% = 12.63% = 12.69% 12.70% Tier 1 risk-based capital ratio 11.46% = 11.26% 11.11%) 11.15% 11.16% Leverage ratio 8.93% 872% 873% 8.79% 8.55% Common equity tier 1 ratio®™ 11.06% 10.88% 10.71% 10.75% += 10.75% Tangible common equity? 8.37% 8.18%
Slide 15: Financial Management / Strategic Opportunities
Financial Managemen ni Continue to strengthen the balance sheet through high-quality, profitable growth and capital accretion Balance current earnings improvement decisions with long-term balance sheet management considerations Execute on prudent action steps to increase net interest margin and main
Slide 16: Our Culture of Success
OUR CULTURE OF SUCCESS with a focus on and Embrace and the evolution of our industry Committed to versus M&A ~ credit risk and enterprise risks - branch light footprint Located in major metro, high-growth Dedicated to an entrepreneurial, team-focused that results in high career satisfaction Utilizes
Slide 17: BON
BON Southern VIE LE COL K
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