NASDAQ : SFST
Southern First Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 59.58 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 565.48M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 211.48M | 198.15M | 186.86M | 166.14M | 114.23M | 91.60M |
| Interest Income on Investments | 16.29M | 13.34M | 14.35M | 11.46M | 3.43M | 1.57M |
| Total Interest Income | 227.77M | 211.48M | 201.21M | 177.60M | 117.66M | 93.17M |
| Interest Paid on Deposits | 91.20M | 95.62M | 108.77M | 91.37M | 18.10M | 3.91M |
| Interest Paid on Borrowings | 10.54M | 10.91M | 11.22M | 8.57M | 1.94M | 1.53M |
| Total Interest Expense | 101.73M | 106.53M | 119.99M | 99.94M | 20.04M | 5.43M |
| Net Interest Income | 126.04M | 104.95M | 81.22M | 77.65M | 97.62M | 87.73M |
| Mortgage Banking Activities | 5.14M | 6.28M | 5.56M | 4.04M | 4.20M | 11.38M |
| Gain (Loss) on Sale of Assets | -394.00K | 10.00K | ||||
| Gain (Loss) on Sale of Investments | -515.00K | -515.00K | -3.00K | |||
| Other Non-Interest Income | 5.21M | 5.01M | 4.82M | 4.44M | 4.51M | 4.54M |
| Total Non-Interest Income | 13.00M | 13.14M | 12.14M | 9.86M | 9.58M | 17.10M |
| Revenues Before Loan Losses | 139.04M | 118.09M | 93.36M | 87.51M | 107.20M | 104.83M |
| Provision for Loan Losses | 4.38M | 2.95M | 125.00K | 1.26M | 6.16M | -12.40M |
| Revenue | 134.67M | 115.14M | 93.24M | 86.25M | 101.05M | 117.23M |
| Salaries and Employee Benefits | 44.28M | 42.53M | 41.26M | 38.33M | 36.76M | 34.46M |
| Occupancy Expenses | 7.16M | 7.48M | 7.89M | 10.26M | 9.11M | 6.96M |
| Federal Deposit Insurance | 3.68M | 3.88M | 4.02M | 3.77M | 1.69M | 1.15M |
| Selling, General & Administrative | 19.22M | 17.28M | 16.24M | 12.87M | 11.99M | 10.61M |
| Other Non-Interest Expense | 4.78M | 4.36M | 3.91M | 3.60M | 3.39M | 2.88M |
| Total Non-Interest Expense | 79.13M | 75.53M | 73.33M | 68.83M | 62.93M | 56.43M |
| EBT Excluding Unusual Items | 55.54M | 39.60M | 19.91M | 17.43M | 38.11M | 60.80M |
| Pretax Income | 55.54M | 39.60M | 19.91M | 17.43M | 38.11M | 60.80M |
| Income Tax Expense | 12.37M | 9.24M | 4.38M | 4.00M | 9.00M | 14.09M |
| Net Income | 43.17M | 30.37M | 15.53M | 13.43M | 29.11M | 46.71M |
| Net Income to Common | 43.17M | 30.37M | 15.53M | 13.43M | 29.11M | 46.71M |
| Basic Shares Outstanding | 8.75M | 8.09M | 8.08M | 8.05M | 7.96M | 7.84M |
| Diluted Shares Outstanding | 8.90M | 8.16M | 8.12M | 8.08M | 8.07M | 7.99M |
| EPS (Basic) | 4.93 | 3.75 | 1.92 | 1.67 | 3.66 | 5.96 |
| EPS (Diluted) | 4.85 | 3.72 | 1.91 | 1.66 | 3.61 | 5.85 |
| Effective Tax Rate | 22.28% | 23.33% | 22.01% | 22.96% | 23.61% | 23.18% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 399.50M | 268.48M | 157.46M | 151.07M | 165.07M | 162.01M |
| Investment Securities | 46.77M | 53.69M | 79.46M | 86.81M | 40.09M | 55.91M |
| Trading Asset Securities | 114.00K | 335.00K | 3.93M | 159.00K | 76.00K | 425.00K |
| Mortgage-Backed Securities | 105.20M | 79.56M | 57.64M | 51.77M | 54.84M | 67.15M |
| Total Investments | 152.09M | 133.59M | 141.03M | 138.74M | 95.01M | 123.49M |
| Gross Loans | 4.18B | 3.85B | 3.63B | 3.60B | 3.27B | 2.49B |
| Allowance for Loan Losses | -44.69M | -42.28M | -39.91M | -40.68M | -38.64M | -30.41M |
| Net Loans | 4.13B | 3.80B | 3.59B | 3.56B | 3.23B | 2.46B |
| Property, Plant & Equipment | 87.52M | 83.47M | 88.79M | 94.30M | 99.18M | 92.37M |
| Loans Held for Sale | 2.68M | 11.57M | 4.57M | 7.19M | 3.92M | 13.56M |
| Accrued Interest Receivable | 11.80M | 11.00M | 11.60M | 8.90M | ||
| Restricted Cash | 1.10M | 5.40M | 5.10M | 5.80M | 5.20M | |
| Long-Term Deferred Tax Assets | 15.02M | 13.70M | 13.47M | 12.20M | 12.52M | 8.40M |
| Other Real Estate Owned & Foreclosed | 1.69M | 275.00K | ||||
| Other Long-Term Assets | 76.75M | 62.13M | 59.51M | 57.58M | 57.60M | 59.82M |
| Total Assets | 4.88B | 4.40B | 4.09B | 4.06B | 3.69B | 2.93B |
| Interest Bearing Deposits | 2.64B | 2.21B | 1.98B | 2.14B | 1.95B | 1.71B |
| Institutional Deposits | 639.70M | 778.00M | 774.00M | 568.10M | 374.80M | 84.40M |
| Non-Interest Bearing Deposits | 823.16M | 732.29M | 683.08M | 674.17M | 804.12M | 768.65M |
| Total Deposits | 4.11B | 3.72B | 3.44B | 3.38B | 3.13B | 2.56B |
| Short-Term Borrowings | 35.55M | 41.00K | ||||
| Current Portion of Leases | 558.00K | 2.21M | ||||
| Federal Home Loan Bank Debt, Long-Term | 240.00M | 240.00M | 240.00M | 240.00M | 175.00M | |
| Long-Term Leases | 25.94M | 19.50M | 23.20M | 24.60M | 25.80M | 28.00M |
| Trust Preferred Securities | 13.40M | 24.90M | 24.90M | 36.32M | 36.21M | 36.11M |
| Other Long-Term Liabilities | 33.74M | 31.42M | 33.28M | 27.29M | 26.59M | 19.67M |
| Total Liabilities | 4.42B | 4.03B | 3.76B | 3.74B | 3.40B | 2.65B |
| Common Stock | 95.00K | 82.00K | 82.00K | 81.00K | 80.00K | 79.00K |
| Additional Paid-In Capital | 189.80M | 125.92M | 124.64M | 121.78M | 119.03M | 114.23M |
| Retained Earnings | 284.75M | 251.44M | 221.08M | 205.55M | 192.12M | 165.77M |
| Comprehensive Income & Other | -12.60M | -8.79M | -15.36M | -14.94M | -16.72M | -2.17M |
| Shareholders' Equity | 462.05M | 368.66M | 330.44M | 312.47M | 294.51M | 277.90M |
| Total Liabilities & Equity | 4.88B | 4.40B | 4.09B | 4.06B | 3.69B | 2.93B |
| Total Debt | 279.90M | 286.61M | 288.10M | 336.47M | 237.01M | 64.15M |
| Net Cash (Debt) | 119.71M | -17.80M | -126.71M | -185.24M | -71.86M | 98.29M |
| Net Cash Per Share | 13.45 | -2.18 | -15.61 | -22.93 | -8.90 | 12.30 |
| Filing Date Shares Outstanding | 9.49M | 8.23M | 8.18M | 8.16M | 8.05M | 7.98M |
| Total Common Shares Outstanding | 9.49M | 8.21M | 8.16M | 8.09M | 8.01M | 7.93M |
| Book Value Per Share | 48.68 | 44.89 | 40.47 | 38.63 | 36.76 | 35.06 |
| Tangible Book Value | 462.05M | 368.66M | 330.44M | 312.47M | 294.51M | 277.90M |
| Tangible Book Value Per Share | 48.68 | 44.89 | 40.47 | 38.63 | 36.76 | 35.06 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 43.17M | 30.37M | 15.53M | 13.43M | 29.11M | 46.71M |
| Depreciation & Amortization | 3.84M | 4.31M | 4.81M | 4.82M | 3.70M | 2.32M |
| Gain (Loss) on Sale of Assets | -3.00K | -28.00K | 394.00K | 366.00K | ||
| Gain (Loss) on Sale of Investments | 351.00K | 945.00K | 554.00K | 61.00K | 682.00K | 938.00K |
| Provision for Credit Losses | 4.38M | 2.95M | 125.00K | 1.26M | 6.16M | -12.40M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 9.65M | -666.00K | 8.08M | 513.00K | 12.55M | 60.38M |
| Change in Other Net Operating Assets | -9.13M | -2.08M | 887.00K | -346.00K | -1.38M | -9.80M |
| Operating Cash Flow | 48.08M | 30.46M | 25.56M | 17.65M | 50.30M | 78.07M |
| Capital Expenditures | -2.80M | -581.00K | -785.00K | -1.24M | -13.95M | -26.51M |
| Sale of Property, Plant and Equipment | 28.00K | 95.00K | 50.00K | |||
| Investment in Securities | -21.08M | 7.96M | 2.31M | -47.90M | 3.40M | -29.11M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -389.38M | -213.72M | -30.41M | -329.43M | -782.13M | -348.72M |
| Other Investing Activities | 529.00K | -7.50M | ||||
| Investing Cash Flow | -412.74M | -206.33M | -28.86M | -378.57M | -792.58M | -410.63M |
| Long-Term Debt Issued | 100.00M | 175.00M | ||||
| Long-Term Debt Repaid | -46.50M | -25.00M | ||||
| Net Debt Issued (Repaid) | -11.50M | -46.50M | 100.00M | 175.00M | -25.00M | |
| Issuance of Common Stock | 64.83M | 2.04M | 294.00K | 518.00K | 905.00K | 3.01M |
| Repurchase of Common Stock | -863.00K | -485.00K | ||||
| Net Increase (Decrease) in Deposit Accounts | 428.79M | 281.04M | 56.20M | 245.70M | 570.04M | 421.07M |
| Financing Cash Flow | 481.26M | 282.60M | 9.99M | 346.22M | 745.94M | 399.08M |
| Net Cash Flow | 116.60M | 106.72M | 6.69M | -14.70M | 3.67M | 66.52M |
| Free Cash Flow | 45.28M | 29.88M | 24.77M | 16.41M | 36.35M | 51.56M |
| Free Cash Flow Margin | 33.62% | 25.95% | 26.57% | 19.03% | 35.98% | 43.98% |
| Free Cash Flow Per Share | 5.09 | 3.66 | 3.05 | 2.03 | 4.50 | 6.45 |
| Cash Interest Paid | 103.56M | 106.85M | 119.35M | 93.35M | 18.88M | 6.40M |
| Cash Income Tax Paid | 14.35M | 10.64M | 3.77M | 1.51M | 11.83M | 21.65M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 579.05M | 421.91M | 324.35M | 300.09M | 365.88M | 494.51M |
| Last Close Price | 61.01 | 51.52 | 39.75 | 37.10 | 45.75 | 62.49 |
| PE Ratio | 12.57 | 13.89 | 20.89 | 22.35 | 12.57 | 10.59 |
| PS Ratio | 4.30 | 3.66 | 3.48 | 3.48 | 3.62 | 4.22 |
| PB Ratio | 1.25 | 1.14 | 0.98 | 0.96 | 1.24 | 1.78 |
| P/FCF Ratio | 12.79 | 14.12 | 13.09 | 18.29 | 10.06 | 9.59 |
| P/OCF Ratio | 12.04 | 13.85 | 12.69 | 17.00 | 7.27 | 6.33 |
| Debt / Equity Ratio | 0.61 | 0.78 | 0.87 | 1.08 | 0.81 | 0.23 |
| Debt / FCF Ratio | 6.18 | 9.59 | 11.63 | 20.50 | 6.52 | 1.24 |
| Net Debt / Equity Ratio | -0.26 | 0.05 | 0.38 | 0.59 | 0.24 | -0.35 |
| Net Debt / FCF Ratio | -2.64 | 0.60 | 5.12 | 11.29 | 1.98 | -1.91 |
| Return on Equity (ROE) | 10.55% | 8.69% | 4.83% | 4.42% | 10.17% | 18.46% |
| Return on Assets (ROA) | 0.93% | 0.71% | 0.38% | 0.35% | 0.88% | 1.73% |
| Earnings Yield | 7.96% | 7.20% | 4.79% | 4.47% | 7.96% | 9.45% |
| FCF Yield | 7.82% | 7.08% | 7.64% | 5.47% | 9.94% | 10.43% |
| Buyback Yield / Dilution | -10.06% | -0.53% | -0.48% | -0.08% | -1.03% | -2.11% |