Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q2 2025 Earnings Presentation
19 slides from Southern First Bancshares's earnings presentation, Jul 22, 2025
Slide 1: Second Quarter 2025 Investor Presentation
NN OX XO phe Southern SECOND QUARTER 2025 INVESTOR PRESENTATION July 22, 2025 VE OOOO K
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS During the course of this yy make ti \d 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 and uncertainties, including a var
Slide 3: Corporate Profile and Our Philosophy
SOUTHERN FIRST BANCSHARES, INC. CORPORATE PROFILE OUR PHILOSOPHY
Slide 4: Performance Summary
PERFORMANCE SUMMARY Earnings Per Share Return on Average Assets 15116129 000 and 504/108 Yo increase 11 bp 490 ond 3p Yor nerease amore gn20m4 quae grams quam eam gam gaze gi mas grams Net interest Margin Book Value Per Share game onze quae grams qa 2mas
Slide 5: Performance Summary: Total Revenue
PERFORMANCE SUMMARY ‘Total Revenue + Revenue in the second quarter of 2025 was at a historically high level + Revenue growth since 2024 has been fueled by a combination of solid, high- quality growth and pricing discipline on both sides of the balance sheet am gs oH Os aes OSs OHS 124 g22t aeat Qtat
Slide 6: Investment Considerations
INVESTMENT CONSIDERATIONS
Slide 7: High-Growth Metro Markets
HIGH-GROWTH METRO MARKETS SFST's % of Total Deposits e usaTorae 2 wasn "= Greomile, SC m Charleston,SC « Atlanta, GA “ Gnomon Se Rag Ne nGrreberaNC_Revoml iw 2 ate
Slide 8: Financial Highlights - Q2 2025
FINANCIAL HIGHLIGHTS - Q2 2025 Diluted earnings per common share of $0.81, up $0.16, or 25%, from Q1 2025, and $0.44, or 119%, compared to Q2 2024 Net interest margin of 2.50%, compared to 2.41% for Q1 2025 and 1.98% for Q2 2024 Total loans of $3.7 billion, up 7% (annualized) from Q1 2025; core depo
Slide 9: Loan & Deposit Composition
LOAN & DEPOSIT COMPOSITION f Total Deposits ‘ane or $3.64 Billion cocina 8 = VSI Money cet ‘ax Home ceuty Total Loans* $3.75 Billion
Slide 10: Asset Quality
ASSET QUALITY ‘Accruing loans 30 days or more past due/loans* ome ask aame “NPA rato was consistent with pat quarters, 02 Ey one enon owing no new credit quality concerns oun <P = Credit performance remains favorable to peers som a + Past due loans are monitored and well- managed at 0.14% of total l
Slide 11: Office Portfolio
OFFICE PORTFOLIO Non-Owner Occupied Office Exposure 22025 Portfolio Characteristics oral credit exposure $237 mition Average Loan size stamition Median Loan size 5568 thousand sorte Sg Tenant Largest Loan size 0.0 mition 30+ Days Past Due None special Menton None Substandard Accruing ssn
Slide 12: Balance Sheet Trends
BALANCE SHEET TRENDS Total Loans Retail Deposits 2025 and 2025
Slide 13: Balance Sheet Repricing Opportunities
BALANCE SHEET REPRICING OPPORTUNITIES Time Deposit Contractual Maturities Fixed Rate Loan Repricing <6% “We reprice ; y $1.0 milion or higher rates not reflected in the charts, above
Slide 14: Noninterest Income and Expense
NONINTEREST INCOME AND EXPENSE Noninterest Income Noninterest Expense/Avg Assets zoom 20mm 2 +12 banking offices + 300 associates
Slide 15: Mortgage Activity Trends
MORTGAGE ACTIVITY TRENDS Mortgages Closed Mortgage Locks - Purchase vs. Refinance 8! milion in Qt
Slide 16: Capital Ratios
CAPITAL RATIOS Holding Company Capital Ratios: |_Q22025 | Qi 2025 Total risk-based capital ratio 12.63% = 12.69% Tier 1 risk-based capital ratio 1.11% 11.15% Leverage ratio 8.73% 8.79% Common equity tier 1 ratio ® 10.71% 10.75% Tangible common equity ® 8.02% 7.88% + Repaid $11.5 higher floating rate
Slide 17: Continue to Strengthen the Balance Sheet
Continue to serge 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 maintain expense discipline Seek
Slide 18: 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 strong career satisfaction Utiliz
Slide 19: NN XXXZZ
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Southern First Bancshares — Q2 2025 Earnings Presentation on 6ix