Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Shareholder Meeting (May 2019)
16 slides from Southern First Bancshares's shareholder meeting presentation, May 22, 2019
Slide 1: Southern First Bancshares, Inc. Annual Shareholder's Meeting
Soe FIRST Southern First Bancshares, Inc. 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: 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 4: Corporate Profile
Corporate Profile: * Overview: — Headquartered in Greenville, South Carolina — 18 year old bank — Offices in Greenville, Columbia, Charleston, Raleigh, Atlanta * Greensboro office pending ¢ Financial snapshot (as of March 31, 2019) — Total assets: $2.0 billion — ROAA: 1.28% * — ROAE: 13.74% * — NPA’
Slide 5: Highlights
2 Highlights: Earnings: * Net Income of $22.3 million — 71% increase over 2017 * ROAA of 1.27% / ROAE of 13.83% Growth: * Total deposits increased $267 million — 19% increase ¢ Total loans increased $290 million — 21% increase Credit quality and other metrics: ¢ Total charge-offs of .11% ¢ Total non
Slide 6: SFST — 2018 Valuation
SFST — 2018 Valuation SFST declined 22% Bank Index declined 20% / S&P 500 declined 7% SFST Price Change (6) Bank Index Jan 1, 2018 - i
Slide 7: SFST — Valuation Factors
SFST — Valuation Factors Proven performance of growing book value and earnings per share ¢ Performance * Growth Made Proven Excellence * Quality « Management * Monetary Policy * Economic conditions / expectations * Tax policy Politics Industry expectations
Slide 8: SFST — year valuation comparison
SFST — 5 year valuation comparison SFST increased 274% Bank Index increased 62% Price Change (6) Bank Index Jan 1, 2013 _
Slide 9: SFST — Increasing Book Value
Slide 10: SFST — Book Value
SFST — Book Value 2015 — 12% growth 2016 — 13% growth 2017 — 20% growth 2018 — 14% growth Dec '14 Dec '15 Dec '16 Dec '17 Dec '18
Slide 11: SFST — Increasing Earnings per Share
SFST — Increasing Earnings per Share SFST - Earnings per share ($) $0.90 $0.80 0.78 $0.70 $0.60 S050 2015 — 41% growth $0.40 2016 — 45% growth $0.30 2017 —-2% growth $0.20 2018 — 46% growth $0.10 2019 — 16% growth $0.00 Mar'l4.— Mar‘lS. = Mar'l6. = Mar‘17.— Mar'I8.— Mar'19
Slide 12: 2019 Strategic Objectives
2019 Strategic Objectives: ¢ Focus on creating a world-class client experience ¢ Recruit and develop superior talent and continue to invest in our unique culture ¢ Expand our risk management framework ¢ Invest in strategic infrastructure and technology * Grow our client relationships and generate su
Slide 13: Strategic Vision
Strategic Vision Q1 2019 financial highlights: ¢ Net income increased to $6.0 million — $.78 per diluted share — 16% increase over Q1 2018 ¢ Return on average assets = 1.28% ¢ Return on average equity = 13.74% a) * Total deposits increased 16% to $1.76 billion @ ¢ Loans increased 19% to $1.73 billio
Slide 14: Justin Strickland, Mike Dowling, Cal Hurst, Jason Starnes
Justin Strickland Mike Dowling Cal Hurst Jason Starnes CEO President CFO CBO clo Silvia King Fred Gilmer Len Howell Robert Thompson Jonathan Taylor Human Resources Senior Lender Charleston Greenville Raleigh Sandy Bowen Joe DePasqaule Blake Taylor Scott Bailey Atlanta Greensboro Columbia Mortgage
Slide 15: Southern First Bancshares: Growing Shareholder Value
Southern First Bancshares Growing Shareholder Value @ Leadership — performance driven
Slide 16: Southern First Bancshares, Inc. Annual Shareholder's Meeting
Soe FIRST Southern First Bancshares, Inc. Annual Shareholder’s Meeting Thank for r
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