Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Shareholder Meeting (May 2016)
17 slides from Southern First Bancshares's shareholder meeting presentation, May 19, 2016
Slide 1: Southern First Bancshares, Inc. Annual Shareholders' Meeting
Southern First Bancshares, Inc. Annual Shareholders’ Meeting May 17, 2016
Slide 2: Forward-Looking Statement
d Lo ng Statement: 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 un
Slide 3: Corporate Profile
Southern First Bancshares Corporate Profile * Overview: — Headquartered in Greenville, South Carolina — 16 year old bank — 9 offices in the three largest metropolitan $C markets ¢ Financial snapshot (as of March 31%, 2016) — Total assets: $1.2 billion + 3rd largest bank headquartered in South Caroli
Slide 4: South Carolina Banks
South Carolina Banks 1. South State Bank $8,561 2. Crescom Bank $1,408 3. Southern First Bank $1,215 4. Conway National $1,051 5. First Community Bank 861 6. Security Federal $800 7. Carolina Alliance Bank $609 8. First Palmetto Bank 593 FDIC data — December 31, 2015
Slide 5: Markets / Footprint
Southern First Bank Markets / Footprint NORTH CAROLINA Greenville (opened 2000) $10 billion market — 4 offices Columbia (opened 2007) $16 billion market - 3 offices Charleston (opened 2012) $9 billion market - 2 offices GEORGIA
Slide 6: 2015 Highlights
2015 Highlights: The value of your SFST stock improved 33% ~w) oe) WT Oh Net income increased 78% to $10.2 million PO) WT Total deposits increased $197 million — 25% increase » y Total loans increased $133 million — 15% increase at ~~) Oy Book value per common share increased to $14.98 oe) WT Invest
Slide 7: Price Change (%)
Price Change (%) SFST: 33% Bank Index: -2% S&P 500: -1% a
Slide 8: 2015 Highlight — Net Income Growth
m 2015 Highlight — Net Income Growth Net Income increased 78% in 2015 to $10.2 million Net Income to common shareholders - $ mil $10.2 $12 $10 $8 $5.7 $4.4 $6 $2.8 $4 $2 7 Wa so 2012 2013 2014 2015
Slide 9: 2015 Highlight — Deposits and Loans
2015 Highlight De Deposits - $ mil $986 Q42014 42015 Loans - $ mil 42014 42015
Slide 10: Simple On-demand
Simple On-demand
Slide 11: Technology and Service Infrastructure
Technology and Service Infrastructure Chent = IRS Expand PULSE Center capabilities — (On-demand) Providing Unsurpassed Leadership Service & Expertise Expand technology capabilities to drive value, simplicity, and communication for our clients: — People Pay — Mobile and remote deposit — Enhanced secu
Slide 12: Strategic Vision: One Chance / One Step
Strategic Vision: One Chance / One Step Create a distinguishing value for the client CZhene@IRST Expand our proven ability to grow organically _ Maintain intense focus on asset quality and risk management Ap 2) Invest in talent and strategic infrastructure \82 L _ Drive improved performance for our
Slide 13: Q1 2016 Financial Highlights
Strategic Vision Q1 2016 financial highlights: + Net income increased 48% to $3.0 million «) — $.45 per diluted share * Return on average assets increased to 1.00% * Core deposits increased 21% to $854 million «ay * Loans increased 14% to $1.0 billion (1 * Top line revenue increased 15% to $12.9 mil
Slide 14: Price Change (%) - Current Market Valuation
Price Change (%) SFST Valu. TD 201 Current market valuation - $16 SFST: 13% Bank Index: -9% S&P 500: 1% 29 lm ~~ " eal au = re fw aan Meco oeeer TP a ae il ewe 7 bal NT | eM DAN bc Mon 11 ‘Mon 25 ‘Mon 08 ‘Mon 22 ‘Mon 07 ‘Mon 21 ‘Mon o# ‘Mon 18 ‘Mon 02 As of May 10", 2016
Slide 15: Growing shareholder value
Southern First Bancshares Growing shareholder value
Slide 16: William B. Sturgis — retiring May 17, 2016
* William B. Sturgis — retiring May 17", 2016
Slide 17: Thank you for your continued support
Southern First Bancshares, Inc. Annual Shareholders’ Meeting Thank you for your continued support
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