Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Q1 2022 Earnings Presentation
8 slides from Southern First Bancshares's earnings presentation, Apr 26, 2022
Slide 1: First Quarter Results 2022
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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
CORPORATE PROFILE NORTH CAROLINA SOUTH CAROLINA e Southern First Markets: ry : Greenville, SC 2000 Atlanta Columbia, SC 2007 Charleston, SC 2012 GEORGIA Raleigh, NC 2016 Atlanta, GA 2017 Summerville, SC 2018 Greensboro, NC 2018 Charlotte, NC 2021
Slide 4: Highlights
HIGHLIGHTS * Total loans increased 22% to $2.7 billion at Q1 2022, compared Net income was $8.0 million and diluted earnings per common share were $0.98 for Q1 2022 to $2.2 billion at Q1 2021 Total deposits increased 20% to $2.7 billion at Q1 2022, compared to $2.3 billion at Q1 2021 Net interest ma
Slide 5: Loans & Deposits
Thousands LOANS & DEPOSITS Total Loans $2,800 $2,700 $2.7B $2,600 $2,500 $2.5B $2,400 $2.4B $2,300 $2.3B $2,200 $2.2B $2,100 [] $2,000 Q12021 Q22021 Q32021 Q42021 Qi 2022 *Total loans excludes mortgage loans held for sale. Thousands $2,800 $2,700 $2,600 $2,500 $2,400 $2,300 $2,200 $2,100 $2,000 Tota
Slide 6: Tangible Book Value Per Share
TANGIBLE BOOK VALUE PER SHARE $35.07 $33.57 $31.86 $2058 i Qi 2021 Q2 2021 Q3 2021 Q4 2021 $35.96 Q1 2022 Core CT ($0.71) Unrealized Loss on Investments ($0.35) CECL Adjustment $34.90 Q1 2022 Final W ae we
Slide 7: Capital Ratios
CAPITAL RATIOS Holding Company Capital Ratios: | 912022 | Q42021 | Q32021 | Q2 2021 Q1 2021 Total risk-based capital ratio 14.37% Tier 1 risk-based capital ratio 12.18% Leverage ratio 10.12% Common equity tier 1 ratio 11.65% Tangible common equity ® 9.08% (1) March 31, 2022 ratios are preliminary. (
Slide 8: SSQOXXXX KKK
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