Company Profile
- Southern First Bancshares, Inc. (NASDAQ: SFST) (“the company”), formed in 2000 and headquartered in Greenville, SC, is the $4 billion-asset bank holding company for Southern First Bank (“the bank”). SFST operates a light 12-branch network (average deposits per branch of >$200 million) across three contiguous Southeastern states, specifically in vibrant mid-market MSAs in SC (Greenville, Columbia, and Charleston) with expanding presence in larger, higher-growth, metropolitan markets in NC (Raleigh, Greensboro, Charlotte) and GA (Atlanta).
- SFST’s approach to growth since inception has been purely organic. The operating model is centered on high-touch relationship banking to mortgage borrowers and to small and medium sized businesses.
- SFST’s real estate centric loan portfolio is balanced between residential real estate (~44% of total loans as of 2Q24) and CRE, with the latter containing a moderate concentration of owner-occupied properties.…