Financial Snapshot

Revenue
$4.295M
TTM
Gross Margin
Net Earnings
$13.79M
TTM
Current Assets
Current Liabilities
$23.90M
Q2 2024
Current Ratio
Total Assets
$4.110B
Q2 2024
Total Liabilities
$3.791B
Q2 2024
Book Value
$318.7M
Q2 2024
Cash
Q2 2024
P/E
22.38
Oct 17, 2024 EST
Free Cash Flow
$23.19M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 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 $4.036M $4.198M $93.17M $94.82M $92.65M $76.66M
YoY Change -3.86% -95.49% -1.74% 2.34% 20.87%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 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 $4.036M $4.198M $93.17M $94.82M $92.65M $76.66M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 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
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.800M $3.700M $2.200M $2.100M $1.900M $1.760M $1.460M $1.250M $1.310M $1.210M $1.210M $980.0K $880.0K $850.0K $730.0K $540.0K $480.0K $350.0K $260.0K $160.0K $160.0K $210.0K $190.0K $70.00K $0.00
YoY Change 29.73% 68.18% 4.76% 10.53% 7.95% 20.55% 16.8% -4.58% 8.26% 0.0% 23.47% 11.36% 3.53% 16.44% 35.19% 12.5% 37.14% 34.62% 62.5% 0.0% -23.81% 10.53% 171.43%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 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
Interest Expense $99.94M $20.04M $5.435M $15.01M $25.38M
YoY Change 398.7% 268.74% -63.79% -40.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 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
Pretax Income $17.43M $38.11M $60.80M $23.82M $35.48M $28.70M $23.70M $20.40M $15.50M $9.700M $7.500M $5.700M $2.900M $1.100M $1.800M $2.500M $5.100M $5.900M $4.100M $3.200M $1.600M $800.0K -$100.0K -$700.0K -$500.0K
YoY Change -54.28% -37.32% 155.27% -32.86% 23.62% 21.1% 16.18% 31.61% 59.79% 29.33% 31.58% 96.55% 163.64% -38.89% -28.0% -50.98% -13.56% 43.9% 28.12% 100.0% 100.0% -900.0% -85.71% 40.0%
Income Tax $4.001M $8.998M $14.09M $5.491M $7.621M $6.401M $8.200M $7.300M $5.400M $3.100M $2.400M $1.800M $800.0K $200.0K $300.0K $600.0K $1.600M $2.000M $1.500M $1.200M $600.0K $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 22.96% 23.61% 23.18% 23.05% 21.48% 22.3% 34.6% 35.78% 34.84% 31.96% 32.0% 31.58% 27.59% 18.18% 16.67% 24.0% 31.37% 33.9% 36.59% 37.5% 37.5% 0.0%
Net Earnings $13.43M $29.12M $46.71M $18.33M $27.86M $22.29M $13.00M $13.00M $10.20M $6.600M $5.100M $3.900M $2.100M $900.0K $1.400M $1.900M $3.400M $3.900M $2.500M $2.000M $1.000M $800.0K -$100.0K -$700.0K -$500.0K
YoY Change -53.89% -37.67% 154.86% -34.21% 24.99% 71.45% 0.0% 27.45% 54.55% 29.41% 30.77% 85.71% 133.33% -35.71% -26.32% -44.12% -12.82% 56.0% 25.0% 100.0% 25.0% -900.0% -85.71% 40.0%
Net Earnings / Revenue 332.66% 693.54% 50.14% 19.33% 30.07% 29.08%
Basic Earnings Per Share $1.67 $3.66 $5.96 $2.37 $3.70 $3.02 $0.25 -$0.06 $0.07
Diluted Earnings Per Share $1.66 $3.607M $5.85 $2.34 $3.58 $2.88 $1.757M $1.940M $1.545M $1.269M $1.133M $907.0K $0.24 -$0.06 $0.07 $452.4K $790.7K $907.0K $581.4K $606.1K $357.1K $307.7K -$40.00K -$280.0K -$200.0K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 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
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $94.30M $99.18M $92.40M $60.20M $58.50M $32.40M $32.20M $28.40M $24.20M $20.80M $19.80M $18.70M $17.30M $15.90M $16.40M $11.70M $5.400M $6.500M $5.600M $2.000M $800.0K $800.0K $900.0K $600.0K $100.0K
YoY Change -4.92% 7.34% 53.49% 2.91% 80.56% 0.62% 13.38% 17.36% 16.35% 5.05% 5.88% 8.09% 8.81% -3.05% 40.17% 116.67% -16.92% 16.07% 180.0% 150.0% 0.0% -11.11% 50.0% 500.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.20M $12.52M $8.400M $9.500M $4.300M $4.000M $3.800M $6.800M $6.900M $5.500M $4.900M $3.200M $3.000M $3.000M $3.500M $3.900M $2.000M $1.900M $0.00 $0.00
YoY Change -2.57% 49.07% -11.58% 120.93% 7.5% 5.26% -44.12% -1.45% 25.45% 12.24% 53.13% 6.67% 0.0% -14.29% -10.26% 95.0% 5.26%
Total Long-Term Assets
YoY Change
Total Assets $4.056B $3.692B $2.926B $2.483B $2.267B $1.901B $1.625B $1.341B $1.217B $1.030B $890.8M $798.0M $767.7M $736.5M $719.3M $693.0M $628.1M $509.3M $405.3M $315.8M $230.8M $170.4M $118.6M $61.40M $10.10M
YoY Change
Accounts Payable $2.200M $2.700M $2.300M $1.500M $600.0K $600.0K $600.0K $800.0K $600.0K $0.00
YoY Change -18.52% 17.39% 53.33% 150.0% 0.0% 0.0% -25.0% 33.33%
Accrued Expenses $24.60M $25.80M $18.80M $19.50M $20.10M
YoY Change -4.65% 37.23% -3.59% -2.99%
Deferred Revenue
YoY Change
Short-Term Debt $7.200M $19.20M $19.20M $19.20M $20.60M $13.20M $0.00 $4.300M $42.50M $20.80M $4.100M $22.50M $14.50M $10.90M $12.50M $9.400M $1.200M $0.00
YoY Change -62.5% 0.0% 0.0% -6.8% 56.06% -89.88% 104.33% 407.32% -81.78% 55.17% 33.03% -12.8% 32.98% 683.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.60M $25.80M $18.80M $19.50M $20.10M $7.200M $19.20M $19.20M $19.20M $20.60M $13.20M $4.300M $2.100M $2.700M $2.300M $3.800M $600.0K $600.0K $500.0K $800.0K $600.0K
YoY Change -4.65% 37.23% -3.59% -2.99% -62.5% 0.0% 0.0% -6.8% 56.06% 104.76% -22.22% 17.39% -39.47% 533.33% 0.0% 20.0% -37.5% 33.33%
Long-Term Debt $36.32M $36.21M $36.10M $36.00M $35.90M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $13.40M $6.200M $6.200M $0.00 $0.00 $0.00 $0.00
YoY Change 0.3% 0.32% 0.28% 0.28% 167.91% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 116.13% 0.0%
Other Long-Term Liabilities $52.44M $52.39M $28.90M $31.00M $19.20M $15.20M $13.20M $11.30M $8.700M $9.400M $7.300M $6.900M $6.200M $4.900M $5.000M
YoY Change 0.09% 81.28% -6.77% 61.46% 26.32% 15.15% 16.81% 29.89% -7.45% 28.77% 5.8% 11.29% 26.53% -2.0%
Total Long-Term Liabilities $88.76M $88.61M $65.00M $67.00M $55.10M $28.60M $26.60M $24.70M $22.10M $22.80M $20.70M $20.30M $19.60M $18.30M $18.40M $13.40M $13.40M $13.40M $13.40M $6.200M $6.200M $0.00 $0.00 $0.00 $0.00
YoY Change 0.17% 36.32% -2.99% 21.6% 92.66% 7.52% 7.69% 11.76% -3.07% 10.14% 1.97% 3.57% 7.1% -0.54% 37.31% 0.0% 0.0% 0.0% 116.13% 0.0%
Total Liabilities $3.743B $3.397B $2.648B $2.254B $2.061B $1.727B $1.475B $1.231B $1.123B $946.9M $825.2M $733.9M $705.2M $677.3M $659.5M $653.2M $589.9M $474.8M $374.8M $287.7M $219.7M $160.1M $109.1M $52.00M $0.00
YoY Change 10.18% 28.32% 17.45% 9.36% 19.38% 17.07% 19.81% 9.61% 18.61% 14.75% 12.44% 4.07% 4.12% 2.7% 0.96% 10.73% 24.24% 26.68% 30.27% 30.95% 37.23% 46.75% 109.81%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 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
Basic Shares Outstanding 8.047M shares 7.958M shares 7.844M shares 7.719M shares 7.528M shares 7.384M shares
Diluted Shares Outstanding 8.078M shares 8.072M shares 7.989M shares 7.824M shares 7.773M shares 7.737M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $308.51 Million

About Southern First Bancshares Inc

Southern First Bancshares, Inc. is a bank holding company, which engages in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (FDIC), and the provision of commercial, consumer, and mortgage loans to the general public. The company is headquartered in Greenville, South Carolina and currently employs 296 full-time employees. The Company’s primary business is to serve as the holding company for Southern First Bank (the Bank). The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC), and providing commercial, consumer and mortgage loans to the general public. The Company, through the Bank, provides a range of financial services to individuals and companies in South Carolina, North Carolina, and Georgia. These services include demand, time, and savings deposits; lending services; automated teller machine (ATM) processing and mortgage banking services. In addition to deposit and loan services, it offer other bank services such as Internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment and mobile banking services. The Bank has approximately eight retail offices.

Industry: National Commercial Banks Peers: AMERICAN NATIONAL BANKSHARES INC. Capital Bancorp Inc Civista Bancshares Inc Farmers & Merchants Bancorp Inc First Internet Bancorp MACATAWA BANK CORP Peoples Financial Services Corp PNC Financial Services Group Inc SUMMIT FINANCIAL GROUP, INC.