Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Shareholder Meeting (May 2017)
18 slides from Southern First Bancshares's shareholder meeting presentation, May 18, 2017
Slide 1: Annual Shareholders' Meeting
Southern First Bancshares, Inc. Annual Shareholders’ Meeting
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 ris
Slide 3: Geographic footprint enhanced
NORTH CAROLINA a Charlotte @ SOUTH CAROLINA GEORGIA eographic footprint enhanced: * Raleigh market expansion ¢ Atlanta market expansion Right market / Right time / Right bankers
Slide 4: Corporate Profile
Southern First Bancshares Corporate Profile ° Overview: — Headquartered in Greenville, South Carolina — 17 year old bank — 10 offices in Greenville, Columbia, Charleston, and Raleigh « Atlanta office pending ¢ Financial snapshot (as of March 31, 2017) — Total assets: $1.5 billion + 3rd largest bank
Slide 5: 2016 Highlights
2016 Highlights: »4 The value of your SFST stock improved 59% = Net income increased 28% to $13.0 million = Total deposits increased $105 million — 11% increase we ti Total loans increased $159 million — 16% increase NV yD y Book value per common share increased to $17.00 ay X y Announced entry into
Slide 6: SFST Valuation
SEST Valuation la Increased 59% in 2016 / 509% over five years 1 year appreciation: SFST:59% — Bank Index: 26% 5 year appreciation: SFST: 509% Bank Index: 133% ox Jen — Feb"6— Mar'"6—Apr'N6 = May"I6—Jun"16 = ‘Jul'6—AUg'I6 = Sep"16 «O16 = Nov'l6 Dec "6
Slide 7: 2016 Highlight — Net Income Growth
2016 Highlight — Net Income Growth Net Income increased 28% in 2016 to $13.0 million Net Income to common shareholders - $ mil $13.0 $10.2
Slide 8: 2016 Highlight — Deposit / Loan growth
2016 Highlight — Deposit / Loan growth ts up 11% / Loans up 16% Deposits - $ thousands Loans - $ thousands $1,200 $1,091 $1,300 $1,100 $1,200 $1,100 $1,000 $1,000 $900 $500 rr al $800 $800 | Q4 2015 Q4 2016 Q4 2015 Q4 2016
Slide 9: Loan Composition and Deposit Composition
Dollar values in thousands Loan Composition Consumer Construction, 2.6%, Other, 1.7% Owner Occupied MRQ Yield on Loans: 4.52% Home Equity, RE, 23.7% Oumer Ocapled Re S853 11.8% Non-Owner Occupied RE $258,449 Commercial Construction $36,889 Business $208,590 ConsumerReal_— ee Consumer eal Estate $230
Slide 10: Invest in talent and strategic infrastructure
Invest in talent and strategic infrastructure : Integr 1ly ¥ Winning TRUST. 8 aie - 1m he are la ar rN, [Re 4,
Slide 11: Invest in talent and strategic infrastructure
u Invest in talent and strategic infrastructure
Slide 12: Invest in talent and strategic infrastructure
Slide 13: Q1 2017 financial highlights
Strategic Vision Q1 2017 financial highlights: ¢ Net income increased to $3.1 million — $.46 per diluted share ¢ Return on average assets = .92% ¢ Return on average equity = 11.27% * Total deposits increased 21% to $1.21 billion a) ¢ Loans increased 17% to $1.22 billion @ * Book value increased 13%
Slide 14: Strategic Vision: Market expansion
Strategic Vision Market expansion: Right Market / Right Time / Right Bankers
Slide 15: Recent capital offering
ST — recent capital offerin ¢ Price per share - $32.75 * Net proceeds - $24.7 million ¢ Issued 805,000 new shares of common stock March 31, 2017 Tangible book value / share $17.53 Tangible common equity ratio 7.74% Tier 1 Leverage Ratio 9.21% Total Risk-based Capital Ratio 11.93% Pro Forma Capital R
Slide 16: Strategic Vision: One Chance / One Step
Strategic Vision: One Chance / One Step \ 7 Create a distinguishing value for the client Chent=\ RS I _ Expand our proven ability to grow organically Maintain intense focus on asset quality and risk management _ Invest in talent and strategic infrastructure alr a é) Drive improved performance for ou
Slide 17: Growing shareholder value
Southern First Bancshares Growing shareholder value Leadership — performance driven
Slide 18: Annual Shareholders' Meeting
Southern First Bancshares, Inc. Annual Shareholders’ Meeting Thank you for yo i
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