Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q2 2022 Earnings Presentation
10 slides from Southern First Bancshares's earnings presentation, Jul 26, 2022
Slide 1: Second Quarter Results 2022
BSN Southern SECOND QUARTER RESULTS 2022 July 26, 2022 VEST NOC
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
Atlante GEORGIA CORPORATE PROFILE NORTH CAROLINA SOUTH CAROLINA Southern First Markets: Greenville, SC Columbia, SC Charleston, SC Raleigh, NC Atlanta, GA Summerville, SC Greensboro, NC Charlotte, NC 2000 2007 2012 2016 2017 2018 2018 2021
Slide 4: Highlights
HIGHLIGHTS Net income was $7.2 million and diluted earnings per common share were $0.90 for Q2 2022 Net interest income increased 16.1% to $24.9 million at Q2 2022, compared to $214 million at Q2 2021 Total loans increased 26% to $2.8 billion at Q2 2022, compared to $2.3 billion at Q2 2021 Total dep
Slide 5: Loans & Deposits
LOANS & DEPOSITS Total Loans Total Deposits $2,900 $2.85B $2,900 $2878 $2,800 $2,800 $2.71B ‘$2,700 $2.66B $2,700 $2,600 $2,600 $2.56B $2.49B $2,500 $2,500 $2438 $2,400 et $2,400 $2.31B $2,300 $2,258 $2,300 $2,200 $2,200 $2,100 $2,100 $2,000 $2,000 Q22021 Q32021 Q42021 Q12022 Q22022 Q22021 Q32021 Q4
Slide 6: Net Interest Margin
Thousands NET INTEREST MARGIN $26,000 tmmmNet Interest Income ===Net Interest Margin* $25,000 $24,000 $23,000 $22,000 $21,000 $20,000 $19,000 22021 3.2021 “Annualized for the respective three-month period, Tax equilavent. 4.2021 4.00% 3.80% 3.60% 3.40% 3.20% 3.00%
Slide 7: Tangible Book Value Per Share
TANGIBLE BOOK VALUE PER SHARE $35.39 $35.07 $34.90 $33.57 $31.86 Q2 2021 Q3 2021 Q4 2021 Qt 2022 Q2.2022
Slide 8: Capital Ratios
CAPITAL RATIOS Holding Company Capital Ratios: ” | 922022 | Qi2022 | 942021 | Q32021 | Q22021 Total risk-based capital ratio 13.97% 14.37% 14.90% 14.88% 14.98% Tier 1 risk-based capital ratio 11.83% 12.18% 12.65% 12.59% 12.63% Leverage ratio 9.71% 10.12% 10.18% 10.20% 10.27% Common equity tier 1 rat
Slide 9: New Headquarters
NEW HEADQUARTERS * Five-story, 107,000 sq ft building on ~7 acres » Home to the bank's flagship retail banking office and critical Operations and Support teams * Collaboration areas and modern meeting spaces that foster the bank's relationship first approach to banking » Newdrive-thru experience fea
Slide 10: NEV VIS SSS ITED Es
NEV VIS SSS ITED Es Southern EE EONS SCE
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