Southern First Bancshares operates as the holding company for Southern First Bank that provides various banking products and services to general public. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts and other time deposits. The Company’s loan portfolio comprises commercial real estate loans, construction real estate loans, commercial business loans for various lines of businesses, such as the manufacturing, service industry and professional service areas, consumer real estate and home equity loans, and other consumer loans, including secured and unsecured installment loans and revolving lines of credit.

Type
Public
HQ
Greenville, US
Founded
1999
Size (employees)
179 (est)
Southern First Bancshares was founded in 1999 and is headquartered in Greenville, US
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Southern First Bancshares Office Locations

Southern First Bancshares has an office in Greenville
Greenville, US (HQ)
100 Verdae Blvd
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Southern First Bancshares Financials and Metrics

Southern First Bancshares Financials

Southern First Bancshares's revenue was reported to be $62.04 m in FY, 2016 which is a 13.9% increase from the previous period.
USD

EBIT (FY, 2017)

48.9 m

Market capitalization (20-Apr-2018)

349.3 m

Cash (31-Dec-2017)

92.2 m
Southern First Bancshares's current market capitalization is $349.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

39.9 m45.7 m54.4 m62 m

Revenue growth, %

15%19%14%

Cost of goods sold

7.5 m8.2 m

Gross profit

46.9 m53.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

13.4 m13.9 m14.9 m15.6 m15.9 m16 m17.5 m

Cost of goods sold

1.8 m1.9 m2 m2 m2 m2.4 m2.6 m

Gross profit

11.6 m12 m12.9 m13.7 m13.9 m13.7 m14.9 m

Gross profit Margin, %

86%86%86%87%87%85%85%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

39.2 m41.3 m62.9 m46.6 m92.2 m

Accounts Receivable

10.9 m25.8 m

Inventories

1.2 b1.4 b

PP&E

19.8 m20.8 m24.2 m28.4 m32.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

23.7 m42.5 m41.1 m58 m51.7 m41.4 m50.3 m54.8 m71.5 m41.9 m121.2 m86.8 m74.6 m

Accounts Receivable

16.1 m16.3 m18.5 m5.8 m6.4 m5.2 m4.2 m15.7 m15.4 m10.1 m20.4 m27.3 m

Inventories

708 m778.8 m812.8 m832.7 m909.3 m963.5 m993.2 m1 b1.1 b1.1 b1.2 b1.3 b

PP&E

19.9 m20.1 m20.7 m21 m20.7 m22.7 m23.5 m24.7 m26 m27.3 m30 m31.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

5.1 m6.6 m10.2 m13 m13 m

Inventories

Accounts Payable

Cash From Operating Activities

10.1 m4.7 m20.1 m17.1 m17.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

3.7 m1.3 m2.8 m4.6 m2 m4.6 m7.3 m3 m6.3 m9.7 m3.1 m6.7 m11 m

Cash From Operating Activities

7.6 m1.9 m4.5 m3 m(706 k)5.6 m12.5 m(4.4 m)1.7 m10.5 m7 m5.7 m14.3 m

Purchases of PP&E

(2 m)(583 k)(1.5 m)(2.1 m)(172 k)(2.5 m)(3.6 m)(854 k)(2.5 m)(4.1 m)(1.9 m)(4 m)

Cash From Investing Activities

(63 m)(74.4 m)(93.6 m)(30.3 m)(91.2 m)(138.6 m)(21.5 m)(56.8 m)(91.3 m)(55.1 m)(155.4 m)(186.9 m)
USDY, 2017

Financial Leverage

10.9 x
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Southern First Bancshares Operating Metrics

Southern First Bancshares's Total Loans was reported to be $1.3b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-accrual Loans

$6.65 m$6.53 m$6.67 m$7.19 m$6.62 m$6.19 m$5.71 m$5.61 m$5.48 m$6.18 m$5.26 m

Total Loans

$859.69 m$909.32 m$963.50 m$993.23 m$991.32 m$1.04 b$1.07 b$1.11 b$1.15 b$1.22 b$1.30 b
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