See more : IRadimed Corporation (IRMD) Income Statement Analysis – Financial Results
Complete financial analysis of Southern First Bancshares, Inc. (SFST) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Southern First Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Southern First Bancshares, Inc. (SFST)
About Southern First Bancshares, Inc.
Southern First Bancshares, Inc. operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit. Its loan portfolio comprises commercial real estate loans; construction real estate loans; commercial business loans for various lines of businesses, such as the manufacturing, service industry, and professional service areas; consumer real estate and home equity loans; and other consumer loans, including secured and unsecured installment loans and revolving lines of credit. In addition, the company provides other bank services, such as internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment, and mobile banking services. It operates through eight retail offices located in Greenville, Charleston, and Columbia; three retail offices located in Raleigh, Greensboro, and Charlotte markets; and one retail office located in Atlanta. The company was incorporated in 1999 and is headquartered in Greenville, South Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 86.25M | 101.05M | 117.23M | 77.56M | 81.45M | 68.45M | 58.21M | 51.55M | 43.75M | 34.65M | 29.35M | 25.21M | 26.08M | 23.03M | 21.13M | 17.96M | 18.00M | 14.93M | 12.91M | 9.41M | 6.53M | 5.18M | 3.24M | 1.68M | 80.00K |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 86.25M | 101.05M | 117.23M | 77.56M | 81.45M | 68.45M | 58.21M | 51.55M | 43.75M | 34.65M | 29.35M | 25.21M | 26.08M | 23.03M | 21.13M | 17.96M | 18.00M | 14.93M | 12.91M | 9.41M | 6.53M | 5.18M | 3.24M | 1.68M | 80.00K |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.50M | 2.64M | 2.59M | 2.28M | 1.33M | 1.35M | 1.36M | 1.21M | 987.00K | 952.00K | 3.26M | 2.91M | 12.24M | 11.71M | 10.99M | 6.82M | 6.02M | 4.40M | 3.34M | 2.50M | 1.98M | 1.77M | 1.48M | 990.84K | 620.00K |
| Selling & Marketing | 1.36M | 1.22M | 905.00K | 690.00K | 791.00K | 758.00K | 737.00K | 807.00K | 870.00K | 774.00K | 731.00K | 637.00K | 686.00K | 690.00K | 659.00K | 583.00K | 498.84M | 390.38M | 439.95K | 292.04K | 159.49K | 123.55K | 114.10K | 45.65K | 0.00 |
| SG&A | 61.46M | 57.86M | 52.02M | 48.74M | 35.24M | 32.49M | 31.17M | 27.22M | 24.66M | 21.26M | 19.35M | 16.09M | 12.93M | 12.40M | 11.65M | 7.40M | 6.02M | 4.40M | 3.78M | 2.79M | 2.14M | 1.89M | 1.60M | 1.04M | 620.00K |
| Other Expenses | 0.00 | -15.04M | -20.24M | -20.01M | -9.92M | -9.15M | -8.41M | -7.41M | 0.00 | 0.00 | 0.00 | 0.00 | 25.00K | 450.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.00K |
| Operating Expenses | 61.46M | 62.93M | 56.43M | 53.74M | 45.97M | 39.76M | 34.55M | 31.18M | 28.21M | 24.91M | 21.81M | 19.51M | 12.95M | 12.85M | 11.65M | 7.40M | 6.02M | 4.40M | 3.78M | 2.79M | 2.14M | 1.89M | 1.60M | 1.04M | 630.00K |
| Cost & Expenses | 61.46M | 62.93M | 56.43M | 53.74M | 45.97M | 39.76M | 34.55M | 31.18M | 28.21M | 24.91M | 21.81M | 19.51M | 12.95M | 12.85M | 11.65M | 7.40M | 6.02M | 4.40M | 3.78M | 2.79M | 2.14M | 1.89M | 1.60M | 1.04M | 640.00K |
| Interest Income | 177.60M | 117.66M | 93.17M | 94.82M | 92.65M | 76.66M | 61.21M | 51.19M | 46.03M | 39.95M | 36.12M | 34.70M | 35.14M | 35.53M | 36.18M | 40.21M | 39.52M | 30.93M | 21.67M | 13.96M | 9.72M | 8.15M | 6.31M | 3.15M | 0.00 |
| Interest Expense | 99.94M | 20.04M | 1.53M | 1.95M | 1.65M | 16.51M | 10.33M | 8.19M | 7.50M | 6.91M | 7.10M | 8.70M | 11.85M | 15.32M | 16.90M | 21.85M | 22.78M | 16.58M | 9.58M | 5.32M | 3.62M | 3.49M | 3.35M | 1.52M | 10.00K |
| Depreciation & Amortization | 4.82M | 3.70M | 2.32M | 2.19M | 1.89M | 1.76M | 1.46M | 1.25M | -17.53M | -11.47M | -8.53M | -8.00M | 884.00K | 853.00K | 731.00K | 541.00K | 482.72K | 348.68K | 260.01K | 163.74K | 257.39K | 209.81K | 192.55K | 38.32K | 10.00K |
| EBITDA | 22.24M | 41.81M | 63.12M | 26.01M | 37.39M | 30.45M | 25.12M | 21.62M | 16.85M | 10.95M | 8.74M | -8.98M | 0.00 | 0.00 | 9.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -520.00K |
| EBITDA Ratio | 25.79% | -1.67% | -1.31% | -3.36% | -2.80% | -2.05% | -1.97% | -1.87% | -4.57% | -7.63% | -5.96% | -13.53% | 60.04% | 74.91% | 91.79% | 138.49% | 157.43% | 153.10% | 107.66% | 92.74% | 84.25% | 85.98% | 105.03% | 51.24% | -650.00% |
| Operating Income | 17.43M | 39.80M | 62.34M | 26.42M | 37.76M | 30.09M | 24.81M | 21.33M | 17.53M | 11.47M | 8.53M | 8.00M | 14.78M | 16.40M | 18.66M | 24.33M | 27.86M | 22.51M | 13.64M | 8.56M | 5.24M | 4.24M | 3.21M | 824.07K | -530.00K |
| Operating Income Ratio | 20.20% | 39.39% | 53.17% | 34.07% | 46.36% | 43.96% | 42.61% | 41.38% | 40.08% | 33.10% | 29.08% | 31.74% | 56.65% | 71.20% | 88.33% | 135.47% | 154.75% | 150.76% | 105.65% | 91.00% | 80.31% | 81.93% | 99.09% | 48.96% | -662.50% |
| Total Other Income/Expenses | 0.00 | -5.08M | -4.41M | -5.01M | -10.73M | -7.28M | -3.38M | -3.96M | -3.55M | -3.65M | -2.46M | -2.31M | -12.74M | -16.17M | -7.63M | -1.93M | -23.26M | -16.93M | -1.50M | -2.73K | -3.62M | -3.70M | -3.35M | -1.52M | 0.00 |
| Income Before Tax | 17.43M | 38.11M | 60.80M | 23.82M | 35.48M | 28.69M | 23.66M | 20.37M | 15.54M | 9.74M | 7.54M | 5.70M | 2.92M | 1.08M | 1.76M | 2.48M | 5.08M | 5.93M | 4.06M | 3.25M | 1.62M | 752.42K | -141.18K | -699.55K | -530.00K |
| Income Before Tax Ratio | 20.20% | 37.72% | 51.87% | 30.71% | 43.56% | 41.91% | 40.65% | 39.52% | 35.51% | 28.11% | 25.68% | 22.59% | 11.20% | 4.70% | 8.35% | 13.80% | 28.20% | 39.71% | 31.41% | 34.50% | 24.86% | 14.52% | -4.36% | -41.57% | -662.50% |
| Income Tax Expense | 4.00M | 9.00M | 14.09M | 5.49M | 7.62M | 6.40M | 10.62M | 7.33M | 5.37M | 3.11M | 2.42M | 1.83M | 833.00K | 193.00K | 345.00K | 626.00K | 1.64M | 2.03M | 1.54M | 1.23M | 616.53K | -752.42K | -22.00K | -38.00K | -10.00K |
| Net Income | 13.43M | 29.12M | 46.71M | 18.33M | 27.86M | 22.29M | 13.05M | 13.04M | 10.17M | 6.63M | 5.12M | 2.76M | 2.09M | 890.00K | 1.42M | 1.85M | 3.44M | 3.90M | 2.51M | 2.01M | 1.01M | 752.42K | -119.18K | -661.55K | -520.00K |
| Net Income Ratio | 15.57% | 28.81% | 39.84% | 23.63% | 34.20% | 32.56% | 22.41% | 25.29% | 23.24% | 19.12% | 17.45% | 10.94% | 8.01% | 3.86% | 6.72% | 10.31% | 19.08% | 26.13% | 19.47% | 21.39% | 15.42% | 14.52% | -3.68% | -39.31% | -650.00% |
| EPS | 1.67 | 3.66 | 5.96 | 2.37 | 3.70 | 3.02 | 1.86 | 2.06 | 1.64 | 1.15 | 1.02 | 0.64 | 0.22 | -0.06 | 0.06 | 0.47 | 0.88 | 1.00 | 0.65 | 0.70 | 0.40 | 0.30 | -0.05 | -0.26 | -0.21 |
| EPS Diluted | 1.66 | 3.61 | 5.85 | 2.34 | 3.58 | 2.88 | 1.76 | 1.94 | 1.55 | 1.10 | 0.98 | 0.64 | 0.22 | -0.06 | 0.06 | 0.44 | 0.80 | 0.90 | 0.59 | 0.61 | 0.36 | 0.29 | -0.05 | -0.26 | -0.21 |
| Weighted Avg Shares Out | 8.05M | 7.96M | 7.84M | 7.72M | 7.53M | 7.38M | 7.39M | 6.72M | 6.56M | 5.19M | 4.46M | 4.31M | 4.20M | 4.18M | 4.47M | 3.99M | 3.92M | 3.90M | 3.89M | 2.89M | 2.53M | 2.53M | 2.53M | 2.53M | 2.53M |
| Weighted Avg Shares Out (Dil) | 8.08M | 8.07M | 7.99M | 7.82M | 7.77M | 7.74M | 7.41M | 6.72M | 6.56M | 5.20M | 4.46M | 4.34M | 4.29M | 4.18M | 4.51M | 4.22M | 4.30M | 4.31M | 4.29M | 3.28M | 2.75M | 2.57M | 2.53M | 2.53M | 2.53M |
Compared to Estimates, Southern First (SFST) Q4 Earnings: A Look at Key Metrics
The headline numbers for Southern First (SFST) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Southern First (SFST) Q4 Earnings Top Estimates
Southern First (SFST) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.68 per share a year ago.
Southern First Reports Results for 2023
GREENVILLE, S.C. , Jan. 18, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, today announced its financial results for the three and twelve months ended December 31, 2023.
Why Earnings Season Could Be Great for Southern First (SFST)
Southern First (SFST) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Southern First (SFST) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Southern First (SFST) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SOUTHERN FIRST ANNOUNCES OPENING OF DREAM MORTGAGE CENTER, PLAN TO CREATE $10 MILLION ANNUAL IMPACT IN COLUMBIA, SC
GREENVILLE, S.C. , Oct. 26, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, announces the opening of its new Dream Mortgage Center in Columbia, South Carolina.
Southern First (SFST) Beats Q3 Earnings Estimates
Southern First (SFST) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $1.04 per share a year ago.
Southern First Reports Results for Third Quarter 2023
GREENVILLE, S.C. , Oct. 19, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended September 30, 2023.
Southern First (SFST) Q2 Earnings and Revenues Miss Estimates
Southern First (SFST) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.90 per share a year ago.
Compared to Estimates, Southern First (SFST) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Southern First (SFST) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Source: https://incomestatements.info
Category: Stock Reports