Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Stephens Investor Meeting (August 2017)
12 slides from Southern First Bancshares's conference presentation, Aug 15, 2017
Slide 1: Southern First Bancshares, Inc. Stephens Investor Meeting
Southern First Bancshares, Inc. Stephens Investor Meeting August 15th, 2017
Slide 2: 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 and uncertainties, includ
Slide 3: Corporate profile: Southern First markets
Corporate profile: NORTH CAROLINA Raleioh wasn _ SOUTH Oem CAROLINA GEORGIA Southern First markets: Greenville, SC: 2000 Columbia, SC: 2007 Charleston, SC: 2012 Raleigh, NC: 2016 Atlanta, GA: 2017
Slide 4: Corporate Profile
Southern First Bancshares Corporate Profile * Overview: — Headquartered in Greenville, South Carolina — 17 year old bank — 10 offices in Greenville, Columbia, Charleston, and Raleigh ¢ Atlanta office pending ¢ Financial snapshot (as of June 30, 2017) — Total assets: $1.5 billion + 3rd largest bank h
Slide 5: Q2 Highlight
Q2 Highlight »4 Neti income was $3.6 million ($.49 EPS) — 9% increase over = Net interest income increased 17.5% over Q2’16 ~ a Total deposits increased $87 million for the quarter / $249 Ss = = million since Q2 2016 - 24% increase over Q2’16 ‘= Total loans increased $81 million for the quarter / $2
Slide 6: SFST Valuation
SEST Valuation: Increased 37% over one year / 401% over five years * Current stock price - $37.05 * ¢ 189.6x book value / 19x LTM EPS ¢ 7.3 million shares outstanding Year 5 Year Stock Appreciation est 36.00 31.00 27.00 23.00 19.00 17.00 15.00 13.00 11.00 9.00 7.00 Oct 13 Apr Jul Oct 14 Apr Jul Oct
Slide 7: SFST recent capital offering
SFST — recent capital offerin ¢ Issued 805,000 new shares of common stock * Price per share - $32.75 ¢ Net proceeds - $24.8 million March 31, 2017 June 30, 2017 Tangible book value / share $17.53 $19.52 Tangible common equity ratio 7.74% 9.27% Tier 1 Leverage Ratio 9.21% 10.43% Total Risk-based Capi
Slide 8: Deposit composition
Wholesale CD's, 82 Non-interest Checking, 21% Retail CD's, A . ,——————_ ann Savings, 1% Interest Checking, 17% Money Market, 35%
Slide 9: Loan Composition
an Composition Current loan yield — 4.55% (YTD) Consumer Other, 2% Construction, 3% Commercial Owner Home Occupied, 24% Equity, 11% Consumer real estate, 18% Commercial, Non-owner O¢cupied, 23% Business, 16% Commercial Construction, 3%
Slide 10: Strategic Vision
Strategic Vision Market expansion: Atlanta GA Right Market / Right Time / Right Bankers
Slide 11: Southern First Bancshares: Growing shareholder value
Southern First Bancshares Growing shareholder value Growth — organic strength in each market Performance — earnings / risk management Model — technology / efficient structure attractive markets in SC, NC, & GA ( Leadership — performance driven
Slide 12: Thank You
Southern First Bancshares, Inc. Stephens Thank You
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