Southern First Bancshares Full Year 2024 Earnings: EPS: US$1.92 (vs US$1.67 in FY 2023)

Southern First Bancshares (NASDAQ:SFST) Full Year 2024 Results

Key Financial Results

• Revenue: US$93.2m (up 8.1% from FY 2023).
• Net income: US$15.5m (up 16% from FY 2023).
• Profit margin: 17% (up from 16% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.92 (up from US$1.67 in FY 2023).

SFST Banking Performance Indicators

• Net interest margin (NIM): 2.06% (down from 2.07% in FY 2023).
• Cost-to-income ratio: 78.5% (down from 78.7% in FY 2023).
• Non-performing loans: 0.30% (up from 0.11% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

In the last 12 months, the only revenue segment was Banking Operations contributing US$93.2m. The largest operating expense was General & Administrative costs, amounting to US$64.0m (82% of total expenses). Explore how SFST's revenue and expenses shape its earnings.

Southern First Bancshares shares are down 1.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Southern First Bancshares, and understanding this should be part of your investment process.

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