SOUTHERN FIRST BANCSHARES INC SFST
Act of 1956 (the "BHCA"). Our primary business is to serve as the holding company for Southern First Bank (the "Bank"),
a South Carolina state bank. The Bank is a commercial bank with eight retail offices located in the Greenville, Columbia, and Charleston
markets of South Carolina, three retail offices in the Raleigh, Greensboro, and Charlotte markets of North Carolina and one retail office
in Atlanta, Georgia. In addition, we opened our Dream Mortgage Center, a loan production office, located in Columbia, South Carolina during
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3M | $5.6M | $4.0M | $4.2M | $11.4M | $19.8M | $9.9M | $5.5M | $5.2M | $6.8M |
| Interest expense | $105.0M | $81.2M | $77.7M | $97.6M | $5.4M | $15.0M | $25.4M | $16.5M | $10.3M | $8.2M |
| Pre-tax income | $39.6M | $19.9M | $17.4M | $38.1M | $60.8M | $23.8M | $35.5M | $28.7M | $23.7M | $20.4M |
| Income tax | $9.2M | $4.4M | $4.0M | $9.0M | $14.1M | $5.5M | $7.6M | $6.4M | $10.6M | $7.3M |
| Net income | $30.4M | $15.5M | $13.4M | $29.1M | $46.7M | $18.3M | $27.9M | $22.3M | $13.0M | $13.0M |
| EPS, basic | 3.75 | 1.92 | 1.67 | 3.66 | 5.96 | 2.37 | 3.70 | 3.02 | 1.86 | 2.06 |
| EPS, diluted | 3.72 | 1.91 | 1.66 | 3.61 | 5.85 | 2.34 | 3.58 | 2.88 | 1.76 | 1.94 |
| Shares, diluted (wtd. avg.) | 8.2M | 8.1M | 8.1M | 8.1M | 8.0M | 7.8M | 7.8M | 7.7M | 7.4M | 6.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $269.6M | $162.9M | $156.2M | $170.9M | $167.2M | $100.7M | $127.8M | $72.9M | $92.2M | $46.6M |
| Property, plant and equipment | $83.5M | $88.8M | $94.3M | $99.2M | $92.4M | $60.2M | $58.5M | $32.4M | $32.2M | $28.4M |
| Total assets | $4.40B | $4.09B | $4.06B | $3.69B | $2.93B | $2.48B | $2.27B | $1.90B | $1.62B | $1.34B |
| Total liabilities | $4.03B | $3.76B | $3.74B | $3.40B | $2.65B | $2.25B | $2.06B | $1.73B | $1.47B | $1.23B |
| Retained earnings | $251.4M | $221.1M | $205.5M | $192.1M | $165.8M | $119.1M | $100.7M | $72.9M | $50.6M | $37.5M |
| Total equity | $368.7M | $330.4M | $312.5M | $294.5M | $277.9M | $228.3M | $205.9M | $173.9M | $149.7M | $109.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.5M | $25.6M | $17.7M | $50.3M | $78.1M | $20.6M | $18.3M | $31.7M | $17.2M | $17.1M |
| Depreciation and amortisation | $4.3M | $4.7M | $4.8M | $3.7M | $2.3M | $2.2M | $1.9M | $1.8M | $1.5M | $1.3M |
| Stock-based compensation | $2.3M | $2.3M | $1.9M | $2.0M | $1.6M | $1.4M | $1.7M | $1.5M | $1.3M | $2.0M |
| Capital expenditure | $581.0K | $785.0K | $1.2M | $13.9M | $26.5M | $7.3M | $8.4M | $1.9M | $5.4M | $5.4M |
| Investing cash flow | -$206.3M | -$28.9M | -$378.6M | -$792.6M | -$410.6M | -$230.8M | -$275.6M | -$301.7M | -$239.0M | -$139.9M |
| Financing cash flow | $282.6M | $10.0M | $346.2M | $745.9M | $399.1M | $183.0M | $312.2M | $250.7M | $267.4M | $106.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001206774-26-000194.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8M | $5.2M | $5.5M | $9.9M | $19.8M | $11.4M | $4.2M | $4.0M | $5.6M | $6.3M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $13.0M | $13.0M | $22.3M | $27.9M | $18.3M | $46.7M | $29.1M | $13.4M | $15.5M | $30.4M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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