Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q4 2022 Earnings Presentation
9 slides from Southern First Bancshares's earnings presentation, Jan 24, 2023
Slide 1: Fourth Quarter Results 2022
Exhibit 99.2 FOURTH QUARTER RESULTS 2022January 24, 2023
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 risks
Slide 3: Corporate Profile
CORPORATE PROFILE Southern First Markets: Greenville, SC2000 Columbia, SC2007 Charleston, SC2012 Raleigh, NC2016 Atlanta, GA2017 Summerville, SC2018 Greensboro, NC2018 Charlotte, NC2021
Slide 4: Highlights
HIGHLIGHTS • Net income was $5.5 million, compared to $12.0 million for Q4 2021 • Diluted earnings per common share were $0.68 per share, compared to $1.49 for Q4 2021 • Total loans increased 31% to $3.3 billion, compared to $2.5 billion at Q4 2021 • Total deposits increased 22% to $3.1 billion at Q
Slide 5: Loans & Deposits
LOANS & DEPOSITS Total Loans Millions $2.49 B $2.66 B $2.85 B $3.03 B $3.27 B $2,000 $2,200 $2,400 $2,600 $2,800 $3,000 $3,200 $3,400 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Total Deposits Millions $2.56 B $2.71 B $2.87 B $3.00 B $3.13 B $2,000 $2,200 $2,400 $2,600 $2,800 $3,000 $3,200 Q4 2021 Q1 20
Slide 6: Net Interest Margin
NET INTEREST MARGIN Thousands Net Interest Income Net Interest Margin* $22,857 $23,164 $24,884 $25,454 $24,119 3.35% 3.37% 3.35% 3.19% 2.88% 2.00% 2.50% 3.00% 3.50% 4.00% $21,500 $22,000 $22,500 $23,000 $23,500 $24,000 $24,500 $25,000 $25,500 $26,000 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 *Annualiz
Slide 7: Tangible Book Value per Share
TANGIBLE BOOK VALUE PER SHARE $35.07 $34.90 $35.39 $35.99 $36.76 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022
Slide 8: Capital Ratios
CAPITAL RATIOS Holding Company Capital Ratios: (1) Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021 Total risk-based capital ratio 12.91% 13.58% 13.97% 14.37% 14.90% Tier 1 risk-based capital ratio 10.88% 11.49% 11.83% 12.18% 12.65% Leverage ratio 9.17% 9.44% 9.71% 10.12% 10.18% Common equity tier 1 ratio (2
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