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.
Others in SIC 6021
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO | $953.33B | 17.9x | 2.8% |
| BAC | BANK OF AMERICA CORP /DE/ | $438.31B | 16.5x | 6.8% |
| WFC | WELLS FARGO & COMPANY/MN | $272.07B | 14.4x | -3.8% |
| C | CITIGROUP INC | $240.92B | 19.7x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $136.66B | 54.5x | 36.3% |
| USB | US BANCORP \DE\ | $98.73B | 13.7x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $97.98B | 14.8x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $63.10B | 13.5x | -2.1% |