Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Shareholder Meeting (May 2025)
12 slides from Southern First Bancshares's shareholder meeting presentation, May 21, 2025
Slide 1: Annual Shareholder Meeting, May 20, 2025
Southern ANNUAL SHAREHOLDER MEETING May 20, 2025 LMS SOOO COCO ELS
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: The Southern First Story: Corporate Profile
GEORGIA The Southern First Story CORPORATE PROFILE Authentic relationship banking with 25 years of service excellence + $4.3 Billion - Total Assets + $3.7 Billion - Total Loans + $3.6 Billion - Total Deposits + Solid Capital Levels * Tier 1 RBC of 11.15% * Consistent TBV growth » Outstanding Asset Q
Slide 4: Our Culture of Success
Our CULTURE of Success with a focus on and Embrace and the evolution of our industry Proven ability to drive - credit risk and enterprise risks - branch light footprint Located in major metro, Dedicated to an entrepreneurial, team-focused that results in strong career satisfaction Utilizes a to augm
Slide 5: 2024 Environment & Strategy
2024 Environment & Strategy Federal Reserve’s inflation fight, high interest rates, and pulling liquidity from banking system continue. Election cycle creates additional volatility With interest rates high but stable, we remained disciplined in growth but saw increasing opportunities late in the yea
Slide 6: 2024 Year-End Highlights
2024 Year-End Highlights GROWTH & FINANCIAL PERFORMANCE 2024 Net income $15.5 million 116% Earnings per share (diluted) $1.91 715% Net Interest Margin (Q4) 2.25% 133 bps Book value $40.47 T5% Deposit growth $56 million T 2% Loan growth $29 million 1% Net charge-offs 0.04% Ko jy " St “ <a
Slide 7: 2025 Q1 Highlights
2025 Q1 Highlights GROWTH & FINANCIAL PERFORMANCE Net income $5.3 million 1 109% YoY Earnings per share (diluted) $0.65 ff 110% YoY Net Interest Margin 2.41% 1 47 bps YoY Book value $41.33 Tt 7% YoY Deposit growth $185 million 21% annualized Loan growth $52 million | 6% annualized Net charge-offs 0.
Slide 8: Financial Management Opportunities
Financial Management Opportunities Continue to strengthen 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 mar
Slide 9: Focused on Growth, Performance, Model
Focused on Growth Performance Model Organic strength in Earnings/risk Technology/highly each market management efficient structure Markets Attractive markets in SC, NC, & GA Leadership Performance driven
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Slide 12: Addendum: Governance / Compensation Updates
Addendum: Governance / Compensation Updates Board Compensation Committee / Nominating & Corporate Governance Committee * Board declassification process continuing * Board-approved Clawback Policy covers Executive Officers ° Board compensation updated to include restricted stock replacing portion of
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