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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 |
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Source: https://incomestatements.info
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