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Southern First Bancshares Inc   (SFST)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $30.8500 $0.38 1.247%
Day's High: $31.245 Week Perf: -6.26 %
Day's Low: $ 30.20 30 Day Perf: -8.18 %
Volume (M): 41 52 Wk High: $ 39.36
Volume (M$): $ 1,271 52 Wk Avg: $29.52
Open: $30.29 52 Wk Low: $20.75



 Market Capitalization (Millions $) 249
 Shares Outstanding (Millions) 8
 Employees 167
 Revenues (TTM) (Millions $) 87
 Net Income (TTM) (Millions $) 15
 Cash Flow (TTM) (Millions $) -8
 Capital Exp. (TTM) (Millions $) 2

Southern First Bancshares Inc

Southern First Bancshares, Inc., headquartered in Greenville, South Carolina, is a bank holding company incorporated in March 1999 under the laws of South Carolina that owns all of the capital stock of Southern First Bank (the “Bank”), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (collectively, the “Trusts”). The Bank is a commercial bank with nine retail offices located in Greenville, Columbia and Charleston, South Carolina. 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 Trusts are special purpose subsidiaries organized for the sole purpose of issuing trust preferred securities.

We operate our Bank using a simple and efficient style of banking that is focused on providing core banking products and services to our clients through a team of talented and experienced bankers. We refer to this model as “ClientFIRST” and it is structured to deliver superior client service via “relationship teams,” which provide each client with a specific banker contact and a consistent support team responsible for all of the client’s banking needs. We believe this model results in a consistent and superior level of professional service that provides us with a distinct competitive advantage by enabling us to build and maintain long-term relationships with desirable clients, enhancing the quality and stability of our funding and lending operations and positioning us to take advantage of future growth opportunities in our existing markets. We also believe that this client focused culture has led to our successful expansion into new markets in the past, and will enable us to be successful if we seek to expand into new markets in the future.

Our ClientFIRST model focuses on achieving cost efficiencies by diligently managing the growth of our number of employees and banking offices. We have historically insisted that the identification of talented bankers drives our growth strategy, as opposed to a more general desire to enter a specific geography or market. This strategy translates into a smaller number of brick and mortar offices relative to our size and compared to peer banks, but larger overall deposit balances in our offices as compared to peers. As a result, our offices average approximately $103 million in total deposits. We believe this style of banking allows us to deliver exceptional client service, while achieving lower efficiency ratios relative to our local competitors.

We emphasize a range of lending services, including real estate, commercial, and equity-line consumer loans to individuals and small- to medium-sized businesses and professional firms that are located in or conduct a substantial portion of their business in our market area. Our underwriting standards vary for each type of loan, as described below. Because loans typically provide higher interest yields than other types of interest-earning assets, we invest a substantial percentage of our earning assets in our loan portfolio.



   Company Address: 6 Verdae Boulevard Greenville 29607 SC
   Company Phone Number: 679-9000   Stock Exchange / Ticker: NASDAQ SFST
   


Customers Net Income fell by SFST's Customers Net Profit Margin fell to

-6.33 %

17.2 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BAC        0.14% 
C        2.05% 
COF   -2.85%    
JPM        1.49% 
USB   -1.71%    
WFC        0.28% 
• View Complete Report
   



Southern First Bancshares Inc

EPS Plunges by 50.96% at SFST in Q3 2022, Prompting Concerns for Southern First Bancshares Inc

Southern First Bancshares Inc, a financial institution primarily operating in the southern region of the United States, has experienced a notable decline in its share price over the past three and twelve months. In the past three months, the company's shares have dropped by 9.56%, while over the past twelve months, the decrease has been even more significant at 43.79%. However, despite this decline, Southern First Bancshares Inc shares are still trading 27.7% above their 52-week low.
The recent decline in Southern First Bancshares Inc's share price can be attributed to the company's disappointing financial results in the most recent fiscal period. The company announced a decline in both its top and bottom-line figures, with earnings per share (EPS) plummeting by 50.96% and revenue decreasing by 16.881% year on year. In the third quarter of 2022, revenue amounted to $22.60 million, compared to an EPS of $0.51. This is a significant decrease from the previous year's third quarter figures, which recorded revenue of $27.18 million and an EPS of $1.04.

Southern First Bancshares Inc

2023 Q2 Revenue Sees Soft Performance for Commercial Banks: Southern First Bancshares Reports 65.56% Dive in EPS



In the second quarter of 2023, Southern First Bancshares Inc (SFST) faced significant challenges as its earnings per share plummeted and revenue declined. However, despite these setbacks, the company's shares have shown strong resilience, with an impressive growth rate over the past year. Let's consider the financial results in context to gain a comprehensive understanding of SFST's performance.
Earnings Per Share and Net Income:
For the April to June 30, 2023 period, SFST witnessed a drastic decrease in earnings per share, diving by -65.56% to $0.31 per share compared to $0.90 in the previous year. Additionally, there was a -6.06% decrease in earnings per share from the preceding reporting period, declining from $0.33 per share.






 

Southern First Bancshares Inc's Segments
 
 
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