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Southern First Bancshares (SFST) Financials

Southern First Bancshares logo
$35.95 -0.44 (-1.21%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$35.78 -0.17 (-0.47%)
As of 05/23/2025 07:22 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Southern First Bancshares

Annual Income Statements for Southern First Bancshares

This table shows Southern First Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 16 13 29
Consolidated Net Income / (Loss)		 16 13 29
Net Income / (Loss) Continuing Operations		 16 13 29
Total Pre-Tax Income 		20 17 38
Total Revenue		 93 88 107
Net Interest Income / (Expense)		 81 78 98
Total Interest Income		 201 178 118
Loans and Leases Interest Income		 187 166 114
Investment Securities Interest Income		 5.81 4.46 1.99
Federal Funds Sold and Securities Borrowed Interest Income		 8.54 7.00 1.44
Total Interest Expense		 120 100 20
Deposits Interest Expense		 109 91 18
Long-Term Debt Interest Expense		 11 8.57 1.94
Total Non-Interest Income		 12 9.86 9.58
Service Charges on Deposit Accounts		 1.76 1.38 1.27
Other Service Charges		 3.22 3.06 3.22
Net Realized & Unrealized Capital Gains on Investments		 5.59 4.04 3.80
Other Non-Interest Income		 1.57 1.38 1.29
Provision for Credit Losses		 0.13 1.26 6.16
Total Non-Interest Expense		 73 69 63
Salaries and Employee Benefits		 44 40 39
Net Occupancy & Equipment Expense		 18 17 15
Marketing Expense		 1.41 1.36 1.22
Property & Liability Insurance Claims		 4.02 3.77 1.69
Other Operating Expenses		 6.31 6.10 6.02
Income Tax Expense		 4.38 4.00 9.00
Basic Earnings per Share		 $1.92 $1.67 $3.66
Weighted Average Basic Shares Outstanding		 8.08M 8.05M 7.96M
Diluted Earnings per Share		 $1.91 $1.66 $3.61
Weighted Average Diluted Shares Outstanding		 8.12M 8.08M 8.07M
Weighted Average Basic & Diluted Shares Outstanding		 8.18M 8.16M 8.05M

Quarterly Income Statements for Southern First Bancshares

This table shows Southern First Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 5.63 4.38 3.00 2.52 4.17 4.10 2.46 2.70 5.49 8.41
Consolidated Net Income / (Loss)		 5.63 4.38 3.00 2.52 4.17 4.10 2.46 2.70 5.49 8.41
Net Income / (Loss) Continuing Operations		 5.63 4.38 3.00 2.52 4.17 4.10 2.46 2.70 5.49 8.41
Total Pre-Tax Income 		6.89 5.73 3.91 3.38 5.34 5.29 3.26 3.54 7.09 11
Total Revenue		 25 24 23 21 21 22 22 22 26 28
Net Interest Income / (Expense)		 22 21 20 19 19 19 19 20 24 25
Total Interest Income		 51 51 51 48 49 47 43 38 35 31
Loans and Leases Interest Income		 47 48 47 46 45 44 41 37 34 30
Investment Securities Interest Income		 1.50 1.41 1.42 1.48 1.67 1.47 0.71 0.61 0.56 0.51
Federal Funds Sold and Securities Borrowed Interest Income		 2.47 2.21 2.58 1.28 2.70 2.44 0.89 0.97 0.52 0.68
Total Interest Expense		 29 31 31 30 30 28 24 18 11 5.48
Deposits Interest Expense		 26 28 28 27 27 25 22 17 10 5.02
Long-Term Debt Interest Expense		 2.77 2.86 2.80 2.79 2.95 2.97 1.92 0.73 0.58 0.46
Total Non-Interest Income		 2.78 3.18 3.52 2.66 2.33 2.75 2.74 2.04 1.71 2.68
Service Charges on Deposit Accounts		 0.51 0.46 0.42 0.39 0.37 0.36 0.33 0.33 0.32 0.32
Other Service Charges		 0.81 0.87 0.80 0.74 0.73 0.84 0.73 0.77 0.76 0.82
Net Realized & Unrealized Capital Gains on Investments		 1.05 1.45 1.92 1.16 0.87 1.21 1.34 0.62 0.29 1.23
Other Non-Interest Income		 0.41 0.40 0.38 0.38 0.36 0.35 0.34 0.33 0.34 0.32
Provision for Credit Losses		 -0.20 0.00 0.50 -0.18 -0.98 -0.50 0.91 1.83 2.33 0.95
Total Non-Interest Expense		 19 18 19 18 17 17 17 17 16 16
Salaries and Employee Benefits		 11 11 11 11 9.40 10 10 10 9.58 9.84
Net Occupancy & Equipment Expense		 4.59 4.53 4.51 4.40 4.72 4.31 4.22 4.09 4.19 3.97
Marketing Expense		 0.34 0.32 0.39 0.37 0.36 0.29 0.34 0.37 0.28 0.34
Property & Liability Insurance Claims		 1.08 1.03 0.97 0.96 0.94 1.24 0.90 0.69 0.55 0.51
Other Operating Expenses		 1.93 1.38 1.49 1.52 1.61 1.23 1.65 1.61 1.82 1.39
Income Tax Expense		 1.27 1.35 0.91 0.86 1.17 1.20 0.80 0.84 1.60 2.73
Basic Earnings per Share		 $0.70 $0.54 $0.37 $0.31 $0.51 $0.51 $0.31 $0.34 $0.69 $1.06
Weighted Average Basic Shares Outstanding		 8.08M 8.06M 8.13M 8.11M 8.05M 8.05M 8.05M 8.03M 7.96M 7.97M
Diluted Earnings per Share		 $0.69 $0.54 $0.37 $0.31 $0.51 $0.51 $0.31 $0.33 $0.69 $1.04
Weighted Average Diluted Shares Outstanding		 8.12M 8.09M 8.14M 8.14M 8.08M 8.07M 8.07M 8.09M 8.07M 8.07M
Weighted Average Basic & Diluted Shares Outstanding		 8.18M 8.16M 8.16M 8.16M 8.16M 8.09M 8.08M 8.05M 8.05M 8.00M

Annual Cash Flow Statements for Southern First Bancshares

This table details how cash moves in and out of Southern First Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 6.69 -15 3.67
Net Cash From Operating Activities		 26 18 50
Net Cash From Continuing Operating Activities		 26 18 50
Net Income / (Loss) Continuing Operations		 16 13 29
Consolidated Net Income / (Loss)		 16 13 29
Provision For Loan Losses		 0.13 1.26 6.16
Depreciation Expense		 4.81 4.82 3.70
Amortization Expense		 0.55 0.06 0.69
Non-Cash Adjustments to Reconcile Net Income		 3.46 -2.48 12
Changes in Operating Assets and Liabilities, net		 1.08 0.57 -0.99
Net Cash From Investing Activities		 -29 -379 -793
Net Cash From Continuing Investing Activities		 -29 -379 -793
Purchase of Property, Leasehold Improvements and Equipment		 -0.79 -1.24 -14
Purchase of Investment Securities		 -59 -444 -823
Sale of Property, Leasehold Improvements and Equipment		 0.03 0.00 0.10
Sale and/or Maturity of Investments		 31 67 44
Net Cash From Financing Activities		 10.00 346 746
Net Cash From Continuing Financing Activities		 33 346 746
Net Change in Deposits		 56 246 570
Repayment of Debt		 -35 100 175
Other Financing Activities, Net		 12 0.52 0.91
Cash Interest Paid		 119 93 19
Cash Income Taxes Paid		 3.77 1.51 12

Quarterly Cash Flow Statements for Southern First Bancshares

This table details how cash moves in and out of Southern First Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -98 66 28 11 3.78 -53 -67 101 10 -21
Net Cash From Operating Activities		 -1.81 26 3.96 -2.92 6.86 16 -6.59 1.24 13 22
Net Cash From Continuing Operating Activities		 -1.81 26 3.96 -2.92 6.86 16 -6.59 1.24 13 22
Net Income / (Loss) Continuing Operations		 5.63 4.38 3.00 2.52 4.17 4.10 2.46 2.70 5.49 8.41
Consolidated Net Income / (Loss)		 5.63 4.38 3.00 2.52 4.17 4.10 2.46 2.70 5.49 8.41
Provision For Loan Losses		 -0.20 - 0.50 -0.18 -0.98 -0.50 0.91 1.83 2.33 0.95
Depreciation Expense		 1.19 1.21 1.20 1.21 1.21 1.21 1.19 1.20 1.18 1.18
Amortization Expense		 0.12 0.16 0.15 0.13 -0.08 -0.12 0.13 0.13 0.14 0.16
Non-Cash Adjustments to Reconcile Net Income		 4.22 6.38 -2.70 -4.43 0.08 8.89 -8.59 -2.86 5.57 9.93
Changes in Operating Assets and Liabilities, net		 -13 14 1.81 -2.19 2.47 2.56 -2.69 -1.77 -1.23 1.84
Net Cash From Investing Activities		 -13 -8.06 24 -32 -35 -79 -122 -143 -251 -185
Net Cash From Continuing Investing Activities		 -13 -8.06 24 -32 -35 -79 -122 -143 -251 -185
Purchase of Property, Leasehold Improvements and Equipment		 -0.22 -0.20 -0.09 -0.28 -0.12 -0.35 -0.59 -0.18 -0.82 -4.15
Purchase of Investment Securities		 -16 -12 20 -51 -56 -82 -144 -163 -259 -187
Sale and/or Maturity of Investments		 2.88 4.48 4.25 19 21 2.99 23 20 8.88 6.19
Net Cash From Financing Activities		 -83 47 -0.81 46 32 10 61 243 248 141
Net Cash From Continuing Financing Activities		 -60 47 -0.81 46 32 10 61 243 248 141
Net Change in Deposits		 -83 59 -0.81 81 32 -85 6.24 293 132 131
Other Financing Activities, Net		 23 -11 - 0.17 0.02 0.31 0.17 0.02 0.11 0.09
Cash Interest Paid		 32 30 30 28 29 26 22 17 9.72 5.41
Cash Income Taxes Paid		 1.53 1.05 - - 0.93 0.05 - - 3.56 2.32

Annual Balance Sheets for Southern First Bancshares

This table presents Southern First Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 4,088 4,056 3,692
Cash and Due from Banks		 23 28 19
Federal Funds Sold		 128 119 101
Interest Bearing Deposits at Other Banks		 12 8.80 51
Trading Account Securities		 132 135 93
Loans and Leases, Net of Allowance		 -40 -41 3,235
Allowance for Loan and Lease Losses		 40 41 39
Loans Held for Sale		 4.57 7.19 3.92
Premises and Equipment, Net		 89 94 99
Other Assets		 3,699 3,704 90
Total Liabilities & Shareholders' Equity		 4,088 4,056 3,692
Total Liabilities		 3,757 3,743 3,397
Non-Interest Bearing Deposits		 3,436 3,380 3,134
Long-Term Debt		 265 311 211
Other Long-Term Liabilities		 56 52 52
Total Equity & Noncontrolling Interests		 330 312 295
Total Preferred & Common Equity		 330 312 295
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 330 312 295
Common Stock		 125 122 119
Retained Earnings		 221 206 192
Accumulated Other Comprehensive Income / (Loss)		 -11 -11 -13
Other Equity Adjustments		 -3.88 -3.60 -3.31

Quarterly Balance Sheets for Southern First Bancshares

This table presents Southern First Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 4,175 4,110 4,106 4,020 4,002 3,938 3,440
Cash and Due from Banks		 25 22 14 17 25 22 17
Federal Funds Sold		 226 164 145 128 170 243 140
Interest Bearing Deposits at Other Banks		 9.18 8.83 8.79 7.28 10 7.35 4.53
Trading Account Securities		 135 121 126 144 92 94 92
Loans and Leases, Net of Allowance		 3,579 3,582 3,603 3,513 3,497 3,378 2,994
Loans and Leases		 3,620 3,623 3,644 3,554 3,538 3,418 3,030
Allowance for Loan and Lease Losses		 40 40 40 41 41 40 36
Loans Held for Sale		 8.60 15 12 7.12 16 6.98 9.24
Premises and Equipment, Net		 90 92 93 96 97 98 100
Other Assets		 101 105 104 108 96 90 85
Total Liabilities & Shareholders' Equity		 4,175 4,110 4,106 4,020 4,002 3,938 3,440
Total Liabilities		 3,848 3,791 3,790 3,716 3,701 3,639 3,152
Non-Interest Bearing Deposits		 3,519 3,460 3,461 3,348 3,433 3,427 3,001
Long-Term Debt		 265 276 276 36 36 36 96
Other Long-Term Liabilities		 64 55 53 332 231 176 54
Total Equity & Noncontrolling Interests		 327 319 315 304 302 299 288
Total Preferred & Common Equity		 327 319 315 304 302 299 288
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 327 319 315 304 302 299 288
Common Stock		 124 124 124 122 121 121 119
Retained Earnings		 215 211 208 201 197 195 187
Accumulated Other Comprehensive Income / (Loss)		 -9.06 -12 -12 -15 -13 -12 -14
Other Equity Adjustments		 -4.22 -4.71 -5.26 -4.07 -4.05 -4.46 -3.35

Annual Metrics And Ratios for Southern First Bancshares

This table displays calculated financial ratios and metrics derived from Southern First Bancshares' official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 6.68% -18.36% 2.26%
EBITDA Growth		 13.33% -47.53% -33.65%
EBIT Growth		 14.26% -54.28% -37.32%
NOPAT Growth		 15.67% -53.89% -37.67%
Net Income Growth		 15.67% -53.89% -37.67%
EPS Growth		 15.06% -54.02% -38.29%
Operating Cash Flow Growth		 44.78% -64.91% -35.56%
Free Cash Flow Firm Growth		 142.02% 35.65% -839.24%
Invested Capital Growth		 -4.56% 23.35% 61.06%
Revenue Q/Q Growth		 4.30% -4.83% -0.34%
EBITDA Q/Q Growth		 7.37% -8.02% -16.13%
EBIT Q/Q Growth		 8.48% -9.13% -18.36%
NOPAT Q/Q Growth		 10.38% -8.98% -18.28%
Net Income Q/Q Growth		 10.38% -8.98% -18.28%
EPS Q/Q Growth		 10.40% -9.78% -18.33%
Operating Cash Flow Q/Q Growth		 -25.32% -27.23% -22.73%
Free Cash Flow Firm Q/Q Growth		 118.54% -278.78% -248.67%
Invested Capital Q/Q Growth		 0.66% 83.36% 31.71%
Profitability Metrics		 - - -
EBITDA Margin		 27.07% 25.49% 39.65%
EBIT Margin		 21.33% 19.91% 35.55%
Profit (Net Income) Margin		 16.63% 15.34% 27.16%
Tax Burden Percent		 77.99% 77.04% 76.39%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 22.01% 22.96% 23.61%
Return on Invested Capital (ROIC)		 2.55% 2.38% 7.10%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.55% 2.38% 7.10%
Return on Net Nonoperating Assets (RNNOA)		 2.28% 2.05% 3.07%
Return on Equity (ROE)		 4.83% 4.42% 10.17%
Cash Return on Invested Capital (CROIC)		 7.21% -18.53% -39.67%
Operating Return on Assets (OROA)		 0.49% 0.45% 1.15%
Return on Assets (ROA)		 0.38% 0.35% 0.88%
Return on Common Equity (ROCE)		 4.83% 4.42% 10.20%
Return on Equity Simple (ROE_SIMPLE)		 4.70% 4.30% 9.89%
Net Operating Profit after Tax (NOPAT)		 16 13 29
NOPAT Margin		 16.63% 15.34% 27.16%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 67.47% 67.38% 51.51%
Operating Expenses to Revenue		 78.54% 78.65% 58.71%
Earnings before Interest and Taxes (EBIT)		 20 17 38
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 22 43
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.98 0.96 1.24
Price to Tangible Book Value (P/TBV)		 0.98 0.96 1.24
Price to Revenue (P/Rev)		 3.47 3.43 3.41
Price to Earnings (P/E)		 20.89 22.35 12.57
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 4.79% 4.47% 7.96%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.73 0.80
Enterprise Value to Revenue (EV/Rev)		 4.57 5.20 3.79
Enterprise Value to EBITDA (EV/EBITDA)		 16.87 20.41 9.56
Enterprise Value to EBIT (EV/EBIT)		 21.41 26.12 10.66
Enterprise Value to NOPAT (EV/NOPAT)		 27.46 33.91 13.95
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.68 25.79 8.08
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.70 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.80 1.00 0.72
Long-Term Debt to Equity		 0.80 1.00 0.72
Financial Leverage		 0.90 0.86 0.43
Leverage Ratio		 12.67 12.76 11.56
Compound Leverage Factor		 12.67 12.76 11.56
Debt to Total Capital		 44.50% 49.91% 41.76%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 44.50% 49.91% 41.76%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 55.50% 50.09% 58.24%
Debt to EBITDA		 10.48 13.96 4.97
Net Debt to EBITDA		 4.04 6.96 0.95
Long-Term Debt to EBITDA		 10.48 13.96 4.97
Debt to NOPAT		 17.06 23.19 7.25
Net Debt to NOPAT		 6.57 11.56 1.39
Long-Term Debt to NOPAT		 17.06 23.19 7.25
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% -0.25%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 44 -105 -163
Operating Cash Flow to CapEx		 3,376.22% 1,421.34% 363.08%
Free Cash Flow to Firm to Interest Expense		 0.37 -1.05 -8.11
Operating Cash Flow to Interest Expense		 0.21 0.18 2.51
Operating Cash Flow Less CapEx to Interest Expense		 0.21 0.16 1.82
Efficiency Ratios		 - - -
Asset Turnover		 0.02 0.02 0.03
Fixed Asset Turnover		 1.02 0.90 1.12
Capital & Investment Metrics		 - - -
Invested Capital		 595 624 506
Invested Capital Turnover		 0.15 0.16 0.26
Increase / (Decrease) in Invested Capital		 -28 118 192
Enterprise Value (EV)		 426 455 406
Market Capitalization		 324 300 366
Book Value per Share		 $40.50 $38.63 $36.83
Tangible Book Value per Share		 $40.50 $38.63 $36.83
Total Capital		 595 624 506
Total Debt		 265 311 211
Total Long-Term Debt		 265 311 211
Net Debt		 102 155 40
Capital Expenditures (CapEx)		 0.76 1.24 14
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 265 311 211
Total Depreciation and Amortization (D&A)		 5.36 4.88 4.39
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $1.92 $1.67 $3.66
Adjusted Weighted Average Basic Shares Outstanding		 8.08M 8.05M 7.96M
Adjusted Diluted Earnings per Share		 $1.91 $1.66 $3.61
Adjusted Weighted Average Diluted Shares Outstanding		 8.12M 8.08M 8.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.18M 8.16M 8.05M
Normalized Net Operating Profit after Tax (NOPAT)		 16 13 29
Normalized NOPAT Margin		 16.63% 15.34% 27.16%
Pre Tax Income Margin		 21.33% 19.91% 35.55%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.17 0.17 1.90
NOPAT to Interest Expense		 0.13 0.13 1.45
EBIT Less CapEx to Interest Expense		 0.16 0.16 1.21
NOPAT Less CapEx to Interest Expense		 0.12 0.12 0.76
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Southern First Bancshares

This table displays calculated financial ratios and metrics derived from Southern First Bancshares' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 17.99% 7.56% 6.91% -5.16% -17.18% -21.47% -20.58% -13.89% -1.40% 6.52%
EBITDA Growth		 26.87% 10.92% 14.84% -2.92% -23.13% -48.77% -56.50% -56.09% -49.30% -34.68%
EBIT Growth		 29.16% 8.20% 19.95% -4.38% -24.70% -52.48% -66.01% -65.64% -54.74% -39.38%
NOPAT Growth		 35.04% 6.93% 22.01% -6.70% -24.13% -51.29% -66.05% -66.09% -54.25% -39.98%
Net Income Growth		 35.04% 6.93% 22.01% -6.70% -24.13% -51.29% -66.05% -66.09% -54.25% -39.98%
EPS Growth		 35.29% 5.88% 19.35% -6.06% -26.09% -50.96% -65.56% -66.33% -54.00% -40.57%
Operating Cash Flow Growth		 -126.34% 63.11% 160.11% -336.38% -49.06% -28.15% -201.23% -84.28% -52.35% 40.73%
Free Cash Flow Firm Growth		 129.91% -615.63% -859.85% -1,290.44% 38.84% 164.83% 145.33% 41.46% -1,365.20% -123.99%
Invested Capital Growth		 -4.56% 73.85% 76.19% 76.29% 23.35% -11.40% -8.41% 6.65% 61.06% 27.27%
Revenue Q/Q Growth		 6.19% 3.10% 8.17% -0.38% -3.19% 2.48% -4.04% -13.01% -8.20% 3.63%
EBITDA Q/Q Growth		 15.65% 34.70% 11.27% -26.81% 1.11% 39.46% -5.93% -42.05% -32.61% 18.42%
EBIT Q/Q Growth		 20.36% 46.55% 15.48% -36.59% 0.83% 62.46% -7.94% -50.07% -36.36% 16.19%
NOPAT Q/Q Growth		 28.41% 46.12% 18.91% -39.48% 1.68% 66.72% -9.06% -50.78% -34.72% 16.20%
Net Income Q/Q Growth		 28.41% 46.12% 18.91% -39.48% 1.68% 66.72% -9.06% -50.78% -34.72% 16.20%
EPS Q/Q Growth		 27.78% 45.95% 19.35% -39.22% 0.00% 64.52% -6.06% -52.17% -33.65% 15.56%
Operating Cash Flow Q/Q Growth		 -106.86% 565.07% 235.40% -142.62% -57.50% 345.10% -632.42% -90.81% -40.05% 245.30%
Free Cash Flow Firm Q/Q Growth		 113.80% 2.94% -0.34% -122.56% -337.89% 43.03% 283.60% 90.21% -152.17% -0.01%
Invested Capital Q/Q Growth		 0.66% -0.62% 0.59% -5.16% 83.36% 0.71% 0.65% -33.64% 31.71% 4.11%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 32.48% 29.82% 22.83% 22.19% 30.21% 28.92% 21.25% 21.68% 32.54% 44.33%
EBIT Margin		 27.31% 24.10% 16.95% 15.88% 24.95% 23.96% 15.11% 15.75% 27.44% 39.59%
Profit (Net Income) Margin		 22.30% 18.44% 13.01% 11.84% 19.48% 18.55% 11.40% 12.03% 21.26% 29.90%
Tax Burden Percent		 81.63% 76.51% 76.74% 74.53% 78.08% 77.42% 75.45% 76.38% 77.48% 75.53%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.37% 23.49% 23.26% 25.47% 21.92% 22.58% 24.55% 23.62% 22.52% 24.47%
Return on Invested Capital (ROIC)		 3.42% 3.54% 2.45% 2.20% 3.02% 4.71% 3.16% 3.83% 5.56% 9.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.42% 3.54% 2.45% 2.20% 3.02% 4.71% 3.16% 3.83% 5.56% 9.38%
Return on Net Nonoperating Assets (RNNOA)		 3.06% 1.69% 1.24% 1.12% 2.60% 1.05% 0.66% 0.48% 2.40% 2.24%
Return on Equity (ROE)		 6.48% 5.24% 3.69% 3.33% 5.62% 5.76% 3.82% 4.31% 7.96% 11.62%
Cash Return on Invested Capital (CROIC)		 7.21% -50.92% -52.21% -52.37% -18.53% 16.16% 14.18% 0.90% -39.67% -13.60%
Operating Return on Assets (OROA)		 0.63% 0.53% 0.37% 0.34% 0.56% 0.59% 0.41% 0.47% 0.89% 1.37%
Return on Assets (ROA)		 0.51% 0.40% 0.28% 0.25% 0.44% 0.46% 0.31% 0.36% 0.69% 1.03%
Return on Common Equity (ROCE)		 6.48% 5.24% 3.69% 3.33% 5.62% 5.76% 3.82% 4.31% 7.98% 11.62%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 4.31% 4.33% 4.20% 0.00% 4.85% 6.32% 7.97% 0.00% 12.38%
Net Operating Profit after Tax (NOPAT)		 5.63 4.38 3.00 2.52 4.17 4.10 2.46 2.70 5.49 8.41
NOPAT Margin		 22.30% 18.44% 13.01% 11.84% 19.48% 18.55% 11.40% 12.03% 21.26% 29.90%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 61.56% 65.78% 70.25% 73.34% 67.70% 67.12% 68.85% 65.91% 54.38% 50.30%
Operating Expenses to Revenue		 73.48% 75.90% 80.88% 84.94% 79.61% 78.31% 80.67% 76.13% 63.55% 57.03%
Earnings before Interest and Taxes (EBIT)		 6.89 5.73 3.91 3.38 5.34 5.29 3.26 3.54 7.09 11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 8.20 7.09 5.26 4.73 6.46 6.39 4.58 4.87 8.41 12
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.98 0.85 0.75 0.82 0.96 0.72 0.66 0.83 1.24 1.16
Price to Tangible Book Value (P/TBV)		 0.98 0.85 0.75 0.82 0.96 0.72 0.66 0.83 1.24 1.16
Price to Revenue (P/Rev)		 3.47 3.10 2.71 3.00 3.43 2.37 2.03 2.39 3.41 3.10
Price to Earnings (P/E)		 20.89 19.75 17.30 19.56 22.35 14.75 10.45 10.36 12.57 9.34
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 4.79% 5.06% 5.78% 5.11% 4.47% 6.78% 9.57% 9.65% 7.96% 10.70%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.48 0.54 0.62 0.73 0.30 0.09 0.03 0.80 0.70
Enterprise Value to Revenue (EV/Rev)		 4.57 3.15 3.64 4.26 5.20 1.10 0.31 0.11 3.79 2.50
Enterprise Value to EBITDA (EV/EBITDA)		 16.87 11.99 14.01 16.61 20.41 4.19 1.00 0.31 9.56 5.30
Enterprise Value to EBIT (EV/EBIT)		 21.41 15.38 17.86 21.31 26.12 5.29 1.21 0.35 10.66 5.75
Enterprise Value to NOPAT (EV/NOPAT)		 27.46 20.06 23.21 27.79 33.91 6.88 1.59 0.47 13.95 7.54
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.68 8.25 13.31 27.28 25.79 4.18 0.99 0.25 8.08 4.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 9.70 0.00 0.00 0.00 0.00 1.73 0.61 3.81 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.80 0.81 0.87 0.88 1.00 0.12 0.12 0.12 0.72 0.33
Long-Term Debt to Equity		 0.80 0.81 0.87 0.88 1.00 0.12 0.12 0.12 0.72 0.33
Financial Leverage		 0.90 0.48 0.50 0.51 0.86 0.22 0.21 0.13 0.43 0.24
Leverage Ratio		 12.67 13.00 13.08 13.09 12.76 12.61 12.48 12.13 11.56 11.25
Compound Leverage Factor		 12.67 13.00 13.08 13.09 12.76 12.61 12.48 12.13 11.56 11.25
Debt to Total Capital		 44.50% 44.79% 46.44% 46.71% 49.91% 10.67% 10.74% 10.80% 41.76% 25.05%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 44.50% 44.79% 46.44% 46.71% 49.91% 10.67% 10.74% 10.80% 41.76% 25.05%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 55.50% 55.21% 53.56% 53.29% 50.09% 89.33% 89.26% 89.20% 58.24% 74.95%
Debt to EBITDA		 10.48 11.25 12.10 12.47 13.96 1.50 1.20 1.00 4.97 1.90
Net Debt to EBITDA		 4.04 0.18 3.57 4.92 6.96 -4.79 -5.57 -6.50 0.95 -1.27
Long-Term Debt to EBITDA		 10.48 11.25 12.10 12.47 13.96 1.50 1.20 1.00 4.97 1.90
Debt to NOPAT		 17.06 18.83 20.05 20.86 23.19 2.46 1.90 1.52 7.25 2.70
Net Debt to NOPAT		 6.57 0.31 5.92 8.23 11.56 -7.87 -8.85 -9.89 1.39 -1.81
Long-Term Debt to NOPAT		 17.06 18.83 20.05 20.86 23.19 2.46 1.90 1.52 7.25 2.70
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.25% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 34 -247 -254 -253 -114 48 33 -18 -186 -74
Operating Cash Flow to CapEx		 -828.90% 13,502.56% 4,303.26% -1,044.29% 5,622.95% 4,572.80% -1,121.98% 687.22% 1,650.37% 541.98%
Free Cash Flow to Firm to Interest Expense		 1.19 -8.07 -8.20 -8.53 -3.79 1.70 1.40 -1.02 -17.07 -13.48
Operating Cash Flow to Interest Expense		 -0.06 0.86 0.13 -0.10 0.23 0.57 -0.28 0.07 1.23 4.10
Operating Cash Flow Less CapEx to Interest Expense		 -0.07 0.85 0.12 -0.11 0.22 0.56 -0.30 0.06 1.16 3.34
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 1.02 0.96 0.93 0.91 0.90 0.94 1.01 1.07 1.12 1.21
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 595 591 595 592 624 340 338 336 506 384
Invested Capital Turnover		 0.15 0.19 0.19 0.19 0.16 0.25 0.28 0.32 0.26 0.31
Increase / (Decrease) in Invested Capital		 -28 251 257 256 118 -44 -31 21 192 82
Enterprise Value (EV)		 426 282 320 368 455 101 30 11 406 269
Market Capitalization		 324 278 238 259 300 218 199 247 366 333
Book Value per Share		 $40.50 $40.04 $39.08 $38.65 $38.63 $37.63 $37.46 $37.20 $36.83 $36.01
Tangible Book Value per Share		 $40.50 $40.04 $39.08 $38.65 $38.63 $37.63 $37.46 $37.20 $36.83 $36.01
Total Capital		 595 591 595 592 624 340 338 336 506 384
Total Debt		 265 265 276 276 311 36 36 36 211 96
Total Long-Term Debt		 265 265 276 276 311 36 36 36 211 96
Net Debt		 102 4.33 82 109 155 -116 -169 -236 40 -64
Capital Expenditures (CapEx)		 0.22 0.20 0.09 0.28 0.12 0.35 0.59 0.18 0.82 4.15
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 265 265 276 276 311 36 36 36 211 96
Total Depreciation and Amortization (D&A)		 1.30 1.36 1.35 1.35 1.12 1.10 1.32 1.33 1.32 1.34
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.70 $0.54 $0.37 $0.31 $0.51 $0.51 $0.31 $0.34 $0.69 $1.06
Adjusted Weighted Average Basic Shares Outstanding		 8.08M 8.06M 8.13M 8.11M 8.05M 8.05M 8.05M 8.03M 7.96M 7.97M
Adjusted Diluted Earnings per Share		 $0.69 $0.54 $0.37 $0.31 $0.51 $0.51 $0.31 $0.33 $0.69 $1.04
Adjusted Weighted Average Diluted Shares Outstanding		 8.12M 8.09M 8.14M 8.14M 8.08M 8.07M 8.07M 8.09M 8.07M 8.07M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 8.18M 8.16M 8.16M 8.16M 8.16M 8.09M 8.08M 8.05M 8.05M 8.00M
Normalized Net Operating Profit after Tax (NOPAT)		 5.63 4.38 3.00 2.52 4.17 4.10 2.46 2.70 5.49 8.41
Normalized NOPAT Margin		 22.30% 18.44% 13.01% 11.84% 19.48% 18.55% 11.40% 12.03% 21.26% 29.90%
Pre Tax Income Margin		 27.31% 24.10% 16.95% 15.88% 24.95% 23.96% 15.11% 15.75% 27.44% 39.59%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.24 0.19 0.13 0.11 0.18 0.19 0.14 0.20 0.65 2.03
NOPAT to Interest Expense		 0.20 0.14 0.10 0.08 0.14 0.15 0.10 0.15 0.50 1.54
EBIT Less CapEx to Interest Expense		 0.23 0.18 0.12 0.10 0.17 0.18 0.11 0.19 0.58 1.28
NOPAT Less CapEx to Interest Expense		 0.19 0.14 0.09 0.08 0.13 0.13 0.08 0.14 0.43 0.78
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Southern First Bancshares' Financials

When does Southern First Bancshares's fiscal year end?

According to the most recent income statement we have on file, Southern First Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Southern First Bancshares' net income changed over the last 2 years?

Southern First Bancshares' net income appears to be on a downward trend, with a most recent value of $15.53 million in 2024, falling from $29.12 million in 2022. The previous period was $13.43 million in 2023.

How has Southern First Bancshares revenue changed over the last 2 years?

Over the last 2 years, Southern First Bancshares' total revenue changed from $107.20 million in 2022 to $93.36 million in 2024, a change of -12.9%.

How much debt does Southern First Bancshares have?

Southern First Bancshares' total liabilities were at $3.76 billion at the end of 2024, a 0.4% increase from 2023, and a 10.6% increase since 2022.

How much cash does Southern First Bancshares have?

In the past 2 years, Southern First Bancshares' cash and equivalents has ranged from $18.79 million in 2022 to $28.02 million in 2023, and is currently $22.55 million as of their latest financial filing in 2024.

How has Southern First Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Southern First Bancshares' book value per share changed from 36.83 in 2022 to 40.50 in 2024, a change of 10.0%.


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This page (NASDAQ:SFST) was last updated on 5/25/2025 by MarketBeat.com Staff
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