← SOUTHERN FIRST BANCSHARES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue $45.1m $5.2m $5.5m $9.9m $19.8m $11.4m $4.2m $4.0m $5.6m $6.3m
Revenue from Contract with Customer, Including Assessed Tax $45.1m $5.2m $5.5m $9.9m $19.8m $11.4m $4.2m $4.0m $5.6m $6.3m
Cost of Revenue — $21.8m $3.4m $7.6m $17.7m $8.8m $809k $436k $1.6m $1.9m
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $736k $811k $878k $1.0m $1.1m $1.2m $1.3m $1.4m $1.6m $1.7m
Loans — $58.8m $73.7m $88.9m $93.1m $91.6m $114.2m $166.1m $186.9m $198.1m
Interest and Dividend Income (Non-Bank) — $1.6m $1.8m $2.1m $1.4m $1.3m $2.0m $4.5m $5.8m $5.4m
Federal funds sold and interest-bearing deposits with banks — $784k $1.1m $1.6m $270k $233k $1.4m $7.0m $8.5m $8.0m
Deposits — $7.4m $14.8m $23.7m $13.1m $3.9m $18.1m $91.4m $108.8m $95.6m
Net interest income $43.0m $50.9m $60.2m $67.3m $79.8m $87.7m $97.6m $77.7m $81.2m $105.0m
Net Cash from Operating Activities — $2.0m $1.9m $2.3m $29.6m ($12.4m) $6.2m $1.3m $125k $3.0m
Net interest income after provision for credit losses — $48.9m $58.3m $65.0m $50.2m $100.1m $91.5m $76.4m $81.1m $102.0m
Service fees on deposit accounts — $1.2m $1.0m $1.1m $860k $757k $782k $1.4m $1.8m $2.4m
ATM and debit card income — $1.2m $1.5m $1.7m $1.7m $2.1m $2.2m $2.2m $2.3m $2.4m
Professional Fees — $1.4m $1.6m $1.7m $1.8m $2.1m $2.6m $2.5m $2.4m $2.5m
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $20.4m $23.7m $28.7m $35.5m $23.8m $60.8m $38.1m $17.4m $19.9m $39.6m
Total interest income — $61.2m $76.7m $92.7m $94.8m $93.2m $117.7m $177.6m $201.2m $211.5m
Total noninterest income — $9.3m $10.2m $15.0m $27.4m $17.1m $9.6m $9.9m $12.1m $13.1m
Net Income (Loss) Attributable to Parent $13.0m $13.0m $22.3m $27.9m $18.3m $46.7m $29.1m $13.4m $15.5m $30.4m
Net Income (Loss) Available to Common Stockholders, Basic $13.0m $13.0m $22.3m $27.9m $18.3m $46.7m $29.1m $13.4m $15.5m $30.4m
Earnings Per Share, Basic $2.06 $1.86 $3.02 $3.70 $2.37 $5.96 $3.66 $1.67 $1.92 $3.75
Earnings Per Share, Diluted $1.94 $1.76 $2.88 $3.58 $2.34 $5.85 $3.61 $1.66 $1.91 $3.72
Basic 6.3m $7,005,703.00 $7,384,200.00 $7,528,283.00 $7,718,615.00 $7,843,692.00 $7,958,294.00 $8,046,633.00 $8,080,623.00 $8,091,322.00
Diluted 6.7m $7,393,377.00 $7,737,495.00 $7,772,544.00 $7,824,214.00 $7,988,980.00 $8,071,690.00 $8,078,454.00 $8,117,057.00 $8,160,464.00
Weighted Average Number of Shares Outstanding, Basic 6.3m 7.0m 7.4m 7.5m 7.7m 7.8m 8.0m 8.0m 8.1m 8.1m
Weighted Average Number of Shares Outstanding, Diluted 6.7m 7.4m 7.7m 7.8m 7.8m 8.0m 8.1m 8.1m 8.1m 8.2m
Noninterest expense:
Labor and Related Expense $19.0m $21.8m $25.6m $29.0m $26.3m $28.9m $38.8m $40.3m $43.5m $44.8m
Non-Operating Income (Expense) — $2.2m $2.1m $2.3m $2.1m $2.5m $3.4m $3.6m $3.9m $4.4m
Occupancy and Rent Expense — $4.1m $5.0m $5.5m $6.2m $7.0m $9.1m $10.3m $10.3m $10.0m
Other Operating Expense — $3.2m $3.3m $4.2m $4.2m $4.9m $6.1m $7.1m $7.7m $8.5m
Marketing Expense — $737k $856k $941k $628k $873k $1.2m $1.4m $1.4m $1.5m
Interest Expense $8.2m $10.3m $16.5m $25.4m $15.0m $5.4m $20.0m $99.9m $11.2m $10.9m
Income before income tax expense $20.4m $23.7m $28.7m $35.5m $23.8m $60.8m $38.1m $17.4m $19.9m $39.6m
Current Income Tax Expense (Benefit) $7.0m $7.7m $6.5m $8.0m $11.1m $12.5m $9.8m $4.2m $5.6m $10.5m
Income Tax Expense $7.3m $10.6m $6.4m $7.6m $5.5m $14.1m $9.0m $4.0m $4.4m $9.2m
Interest Income (Expense), Net $43.0m $50.9m $60.2m $67.3m $79.8m $87.7m $97.6m $77.7m $81.2m $105.0m
Total interest expense — $10.3m $16.5m $25.4m $15.0m $5.4m $20.0m $99.9m $120.0m $106.5m
Total noninterest expenses — $34.6m $39.8m $44.5m $53.7m $56.4m $62.9m $68.8m $73.3m $75.5m
Income Tax Expense (Benefit) $7.3m $10.6m $6.4m $7.6m $5.5m $14.1m $9.0m $4.0m $4.4m $9.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.