Southern First Bancshares Inc
southernfirst.comWhat Do They Do?
Accepts deposits and provides commercial, consumer and mortgage loans to individuals and businesses in South Carolina, North Carolina and Georgia.
10-K for FY2025, filed Feb 24, 2026
How Do They Make Money?
It earns most of its income from interest on loans and investments, funded mainly by deposits on which it pays interest. It also collects fees and other charges from clients, generally as services are provided, either periodically or based on activity.
10-K for FY2025, filed Feb 24, 2026
$6.3M
-
10-K for FY2025, filed Feb 24, 2026
$6.3M ↗
Who Are Their Customers?
The bank serves businesses and individuals, focusing on borrowers and depositors in its South Carolina, North Carolina and Georgia markets. It provides banking through local offices and mobile, online and commercial remote-deposit channels.
10-K for FY2025, filed Feb 24, 2026Southern First Bancshares, Inc. (the “Company”) was incorporated in March 1999 under the laws of South Carolina and is a bank holding…View ↗
The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance…View ↗
We focus our lending to businesses and individuals that reside in the markets that we serve. By focusing on this client base and by serving…View ↗
Provide a Distinctive Client Experience. Our markets have been subject to consolidation of local community banks primarily by larger…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 476 cents into free cash flow.
How Are They Changing?
Shrinking. Revenue fell 45% in 4 years, from $11.4M in FY2021 to $6.3M in FY2025, about 14% a year.
Loading...
