Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Shareholder Meeting (May 2020)
13 slides from Southern First Bancshares's shareholder meeting presentation, May 12, 2020
Slide 1: Annual Shareholder's Meeting
ST Southern First Bancshares, Inc. FIE: Annual Shareholder’ s Meeting
Slide 2: Forward Looking Statements
a Ze. BS Pso] > 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 inv
Slide 3: Shareholder Presentation Objectives
Shareholder Presentation Objectives : ¢ Provide update on our profile and momentum * Recognize the current and permanent challenges related to COVID-19 ¢ Share our current strategies to manage risk ¢ Share our vision on how we will manage this environment and return to historical levels of performan
Slide 4: Southern First markets
GEORGIA SOUTH CAROLINA Southern First markets: Greenville, SC: 2000 Columbia, SC: 2007 Charleston, SC: 2012 Raleigh, NC: 2016 Atlanta, GA: 2017 Greensboro, NC: 2018
Slide 5: Corporate Profile
Corporate Profile: * Overview: — Headquartered in Greenville, South Carolina — Started as a de novo bank 20 years ago — Offices in Greenville, Columbia, Charleston, Raleigh, Atlanta, Greensboro ¢ Financial snapshot: Dec. 2019 Mar. 2020 — Total assets: $2.3 billion $2.4 billion — ROAA: 1.35% 0.51% —
Slide 6: 2019 Highlights
2019 Highlights: Earnings: ¢ Net Income of $27.9 million — 25% increase from 2018 ¢ Diluted EPS of $3.58 — 24% increase from 2018 * Book value increased to $26.83 — 15% increase from 2018 Growth: * Core deposits increased $222 million — 15% increase ¢ Total loans increased $266 million — 16% increas
Slide 7: SFST Book Value
SFST Book Value Basil) $26.83 2015 — 12% increase 2016 — 13% increase 2017 — 20% increase 2018 — 14% increase 2019 — 15% increase Dec '14 Dec '15 Dec '16 Dec '17 Dec '18 Dec '19
Slide 8: COVID-19
COVID-19: ¢ Strategic Focus — Care, Risk, Wisdom ¢ Pandemic plan — 70% remote workforce — Offices working in drive-thru only capacity ¢ Monitoring credit exposure on nine targeted industries ¢ Relationship bankers — Payment modification requests on 750 loans for $592 million through April 21, 2020 —
Slide 9: COVID-19: Credit Monitoring
COVID-19: Credit Monitoring Industry Entertainment Facilities Hotels Personal Care Businesses Restaurants Sports Facilities Travel Related Businesses Private Healthcare Facilities Religious Organizations Non-essential Retail Total $ in thousands $ balances as of 3/31/20 $ Balance Outstanding 4,605 8
Slide 10: COVID-19: Risk Mitigation Plan
COVID-19: Risk Mitigation Plan Diligently communicate with clients and proactively manage any credit risk Utilize various stress tests to measure potential exposure and capital ramifications Monitoring credit exposure on nine targeted industries Manage growth and capital with wisdom Recognize the co
Slide 11: SFST — Vision for the future
SFST — Vision for the future Proven performance of growing book value, earnings per share, and valuation Focused on managing current risk and driving future momentum and performance: ¢ Risk management * Credit culture - O i wth Tganic gro Proven Excellence ¢ Solid markets ¢ Efficient model ¢ Recruit
Slide 12: Growth in valuation
— growth in valuation Over the past 5 years ending 2019, SFST increased 150% KBW Nasdaq Bank Index increased 53% Price Change 6) Bank Index —
Slide 13: Thank you
Sobfe FIRST Southern First Bancshares, Inc. Annual Shareholder’s Meeting Thank for r
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