Southern First Bancshares Management

Management criteria checks 4/4

Southern First Bancshares' CEO is Art Seaver, appointed in Jan 1999, has a tenure of 25.25 years. total yearly compensation is $805.32K, comprised of 63.9% salary and 36.1% bonuses, including company stock and options. directly owns 1.02% of the company’s shares, worth $2.41M. The average tenure of the management team and the board of directors is 5.2 years and 24.8 years respectively.

Key information

Art Seaver

Chief executive officer

US$805.3k

Total compensation

CEO salary percentage	63.9%
CEO tenure	25.3yrs
CEO ownership	1.0%
Management average tenure	5.2yrs
Board average tenure	24.8yrs

Recent management updates

Recent updates

Southern First Bancshares names new president

Aug 23

Southern First Bancshares Could Become Interesting At A Slightly Lower Share Price

Apr 21

Should You Be Adding Southern First Bancshares (NASDAQ:SFST) To Your Watchlist Today?

Nov 08

This Insider Has Just Sold Shares In Southern First Bancshares, Inc. (NASDAQ:SFST)

Mar 04

Have Southern First Bancshares, Inc. (NASDAQ:SFST) Insiders Been Selling Their Stock?

Feb 07

Is Southern First Bancshares, Inc. (NASDAQ:SFST) Popular Amongst Insiders?

Jan 19

A Quick Analysis On Southern First Bancshares' (NASDAQ:SFST) CEO Compensation

Dec 14

CEO Compensation Analysis

How has Art Seaver's remuneration changed compared to Southern First Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$13m
Dec 31 2023	US$805k	US$515k	US$13m
Sep 30 2023	n/a	n/a	US$15m
Jun 30 2023	n/a	n/a	US$19m
Mar 31 2023	n/a	n/a	US$24m
Dec 31 2022	US$931k	US$510k	US$29m
Sep 30 2022	n/a	n/a	US$36m
Jun 30 2022	n/a	n/a	US$41m
Mar 31 2022	n/a	n/a	US$44m
Dec 31 2021	US$1m	US$495k	US$47m
Sep 30 2021	n/a	n/a	US$43m
Jun 30 2021	n/a	n/a	US$32m
Mar 31 2021	n/a	n/a	US$26m
Dec 31 2020	US$1m	US$495k	US$18m
Sep 30 2020	n/a	n/a	US$17m
Jun 30 2020	n/a	n/a	US$22m
Mar 31 2020	n/a	n/a	US$25m
Dec 31 2019	US$949k	US$485k	US$28m
Sep 30 2019	n/a	n/a	US$26m
Jun 30 2019	n/a	n/a	US$25m
Mar 31 2019	n/a	n/a	US$23m
Dec 31 2018	US$1m	US$475k	US$22m
Sep 30 2018	n/a	n/a	US$19m
Jun 30 2018	n/a	n/a	US$17m
Mar 31 2018	n/a	n/a	US$15m
Dec 31 2017	US$927k	US$460k	US$13m

Compensation vs Market: Art's total compensation ($USD805.32K) is below average for companies of similar size in the US market ($USD1.60M).

Compensation vs Earnings: Art's compensation has been consistent with company performance over the past year.

CEO

Art Seaver (59 yo)

25.3yrs

Tenure

US$805,318

Compensation

Mr. R. Arthur Seaver, Jr., also known as Art, has been the Chief Executive Officer of Southern First Bancshares, Inc. and its subsidiary bank, Southern First Bank since 1999. Mr. Seaver has over 30 years o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
R. Seaver	CEO & Director	25.3yrs	US$805.32k	1.02% $ 2.4m
Calvin Hurst	President	1.7yrs	US$541.57k	0.15% $ 346.3k
David Borrmann	Executive VP & CFO	less than a year	US$475.90k	0.17% $ 389.7k
Silvia King	Chief Human Resources Officer	6.1yrs	US$282.49k	0.037% $ 86.1k
William Aiken	Senior EVP & Chief Risk Officer	4.3yrs	US$444.68k	0.14% $ 336.9k
Frederick Gilmer	Executive Vice President of Southern First Bank and Senior Lending Officer of Southern First Bank	25.3yrs	US$21.60k	no data

5.2yrs

Average Tenure

49.5yo

Average Age

Experienced Management: SFST's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
R. Seaver	CEO & Director	24.3yrs	US$805.32k	1.02% $ 2.4m
Leighton Cubbage	Independent Director	25.3yrs	US$46.50k	0.82% $ 1.9m
James Orders	Independent Chairman of the Board	25.3yrs	US$54.30k	0.70% $ 1.6m
William Maner	Independent Director	2.8yrs	US$46.50k	0.025% $ 57.7k
Tecumseh Hooper	Independent Director	25.3yrs	US$46.50k	0.52% $ 1.2m
Rudolph Johnstone	Independent Director	25.3yrs	US$46.50k	0.37% $ 862.7k
Andrew Cajka	Independent Director	25.3yrs	US$54.50k	0.15% $ 343.6k
Mark Cothran	Director	25.3yrs	US$44.30k	1.22% $ 2.9m
David Ellison	Independent Director	23.3yrs	US$46.30k	0.61% $ 1.4m
Anne Ellefson	Independent Director	23.3yrs	US$47.50k	0.090% $ 211.1k
Anna Locke	Independent Director	5.3yrs	US$45.40k	0.026% $ 61.6k
Terry Grayson-Caprio	Independent Director	2.8yrs	US$48.60k	0.040% $ 93.5k

24.8yrs

Average Tenure

64yo

Average Age

Experienced Board: SFST's board of directors are seasoned and experienced ( 24.8 years average tenure).

Southern First Bancshares Management

Management criteria checks 4/4

Key information

Recent management updates

Southern First Bancshares, Inc., Annual General Meeting, May 21, 2024

CEO & Director recently sold US$147k worth of stock

CEO & Director notifies of intention to sell stock

Executive VP & CFO recently bought US$56k worth of stock

Executive VP & CFO recently bought US$193k worth of stock

Independent Director recently bought US$184k worth of stock

Recent updates

Price target decreased by 13% to US$35.50

Southern First Bancshares, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024

First quarter 2024 earnings released: EPS: US$0.31 (vs US$0.34 in 1Q 2023)

Southern First Bancshares, Inc., Annual General Meeting, May 21, 2024

CEO & Director recently sold US$147k worth of stock

CEO & Director notifies of intention to sell stock

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 14% to US$33.67

Price target increased by 7.6% to US$30.83

Consensus EPS estimates increase by 17%

Third quarter 2023 earnings: EPS exceeds analyst expectations

Executive VP & CFO recently bought US$56k worth of stock

Second quarter 2023 earnings: EPS misses analyst expectations

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 21%

Consensus EPS estimates increase by 12%

Investor sentiment deteriorates as stock falls 21%

Executive VP & CFO recently bought US$193k worth of stock

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 16% to US$38.25

Price target decreased by 8.9% to US$42.50

Investor sentiment deteriorates as stock falls 19%

Consensus EPS estimates fall by 23%

Independent Director recently bought US$184k worth of stock

Southern First Bancshares, Inc. and Southern First Bank Appoints Michael D. Dowling as CFO, Effective February 15, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

Third quarter 2022 earnings: EPS misses analyst expectations

Southern First Bancshares names new president

Southern First Bancshares, Inc. and Southern First Bank Appoint Calvin C. Hurst as President

Price target decreased to US$50.63

Southern First Bancshares, Inc. Reports Net Charge-Offs for the Second Quarter of 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to US$56.67

Price target decreased to US$59.33

First quarter 2022 earnings: EPS misses analyst expectations

Southern First Bancshares Could Become Interesting At A Slightly Lower Share Price

Southern First Bancshares, Inc., Annual General Meeting, May 17, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Southern First Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Executive VP recently sold US$115k worth of stock

Should You Be Adding Southern First Bancshares (NASDAQ:SFST) To Your Watchlist Today?

Price target increased to US$63.67

Third quarter 2021 earnings released: EPS US$1.78 (vs US$0.29 in 3Q 2020)

Independent Director recently sold US$151k worth of stock

Second quarter 2021 earnings released: EPS US$1.32 (vs US$0.61 in 2Q 2020)

First quarter 2021 earnings released: EPS US$1.33 (vs US$0.37 in 1Q 2020)

Price target increased to US$56.83

CEO & Director exercised options and sold US$584k worth of stock

Investor sentiment improved over the past week

Independent Director recently sold US$58k worth of stock

This Insider Has Just Sold Shares In Southern First Bancshares, Inc. (NASDAQ:SFST)

Full year 2020 earnings released: EPS US$2.38 (vs US$3.70 in FY 2019)

Executive VP recently sold US$135k worth of stock

Revenue and earnings beat expectations

New 90-day high: US$42.84

Have Southern First Bancshares, Inc. (NASDAQ:SFST) Insiders Been Selling Their Stock?

New 90-day high: US$41.06

Independent Director recently sold US$90k worth of stock

Analysts increase EPS estimates to US$3.74

Price target raised to US$44.67

Full year 2020 earnings released: EPS US$2.37 (vs US$3.70 in FY 2019)

Revenue and earnings beat expectations

Is Southern First Bancshares, Inc. (NASDAQ:SFST) Popular Amongst Insiders?

New 90-day high: US$38.47

Price target raised to US$36.17

New 90-day high: US$35.60

A Quick Analysis On Southern First Bancshares' (NASDAQ:SFST) CEO Compensation

Executive VP recently sold US$105k worth of stock