Southern First Bancshares Inc
Southern First Bancshares, Inc. operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily mone… Read more
Southern First Bancshares Inc (SFST) - Net Assets
Latest net assets as of December 2025: $368.66 Million USD
Based on the latest financial reports, Southern First Bancshares Inc (SFST) has net assets worth $368.66 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.40 Billion) and total liabilities ($4.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $368.66 Million |
| % of Total Assets | 8.37% |
| Annual Growth Rate | 15.77% |
| 5-Year Change | -87.24% |
| 10-Year Change | 235.53% |
| Growth Volatility | 324.85 |
Southern First Bancshares Inc - Net Assets Trend (2000–2025)
This chart illustrates how Southern First Bancshares Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Southern First Bancshares Inc (2000–2025)
The table below shows the annual net assets of Southern First Bancshares Inc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $368.66 Million | +11.56% |
| 2024-12-31 | $330.44 Million | +5.75% |
| 2023-12-31 | $312.47 Million | -91.02% |
| 2022-12-31 | $3.48 Billion | +20.47% |
| 2021-12-31 | $2.89 Billion | +18.10% |
| 2020-12-31 | $2.45 Billion | +9.65% |
| 2019-12-31 | $2.23 Billion | +1182.98% |
| 2018-12-31 | $173.92 Million | +16.19% |
| 2017-12-31 | $149.69 Million | +36.24% |
| 2016-12-31 | $109.87 Million | -89.91% |
| 2015-12-31 | $1.09 Billion | +1211.80% |
| 2014-12-31 | $82.99 Million | +26.39% |
| 2013-12-31 | $65.67 Million | +2.40% |
| 2012-12-31 | $64.12 Million | +2.54% |
| 2011-12-31 | $62.54 Million | +5.61% |
| 2010-12-31 | $59.22 Million | -1.04% |
| 2009-12-31 | $59.84 Million | +50.41% |
| 2008-12-31 | $39.79 Million | +3.94% |
| 2007-12-31 | $38.28 Million | +10.68% |
| 2006-12-31 | $34.58 Million | +13.49% |
| 2005-12-31 | $30.47 Million | +8.53% |
| 2004-12-31 | $28.08 Million | +150.99% |
| 2003-12-31 | $11.19 Million | +9.34% |
| 2002-12-31 | $10.23 Million | +8.17% |
| 2001-12-31 | $9.46 Million | -0.16% |
| 2000-12-31 | $9.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southern First Bancshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 25194300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $251.44 Million | 68.21% |
| Common Stock | $82.00K | 0.02% |
| Other Comprehensive Income | $-8.79 Million | -2.38% |
| Other Components | $125.92 Million | 34.16% |
| Total Equity | $368.66 Million | 100.00% |
Southern First Bancshares Inc Competitors by Market Cap
The table below lists competitors of Southern First Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GHCL Limited
NSE:GHCL
|
$328.35 Million |
|
RENEW ENG.GLB.A DL-0001
F:7JU
|
$328.42 Million |
|
CASTELNAU GROUP LTD
F:7QZ
|
$328.48 Million |
|
Shandong Liancheng Precision Manufacturing Co Ltd Class A
SHE:002921
|
$328.53 Million |
|
Sunfly Intelligent Technology Co Ltd
SHE:300423
|
$328.17 Million |
|
Shenzhen Silver Basis Technology Co Ltd
SHE:002786
|
$328.17 Million |
|
tonies SE
PINK:TNIEF
|
$328.05 Million |
|
Shinsung E&G Co. Ltd
KO:011930
|
$327.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern First Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 330,444,000 to 368,657,000, a change of 38,213,000 (11.6%).
- Net income of 30,366,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,680,000.
- Other factors increased equity by 5,167,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $30.37 Million | +8.24% |
| Other Comprehensive Income | $2.68 Million | +0.73% |
| Other Changes | $5.17 Million | +1.4% |
| Total Change | $- | 11.56% |
Book Value vs Market Value Analysis
This analysis compares Southern First Bancshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.03x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $3.99 | $52.01 | x |
| 2000-12-31 | $3.75 | $52.01 | x |
| 2001-12-31 | $3.75 | $52.01 | x |
| 2002-12-31 | $3.98 | $52.01 | x |
| 2003-12-31 | $4.06 | $52.01 | x |
| 2004-12-31 | $8.56 | $52.01 | x |
| 2005-12-31 | $7.10 | $52.01 | x |
| 2006-12-31 | $8.02 | $52.01 | x |
| 2007-12-31 | $8.89 | $52.01 | x |
| 2008-12-31 | $9.44 | $52.01 | x |
| 2009-12-31 | $13.27 | $52.01 | x |
| 2010-12-31 | $14.17 | $52.01 | x |
| 2011-12-31 | $14.59 | $52.01 | x |
| 2012-12-31 | $14.78 | $52.01 | x |
| 2013-12-31 | $14.73 | $52.01 | x |
| 2014-12-31 | $15.96 | $52.01 | x |
| 2015-12-31 | $14.36 | $52.01 | x |
| 2016-12-31 | $16.35 | $52.01 | x |
| 2017-12-31 | $20.20 | $52.01 | x |
| 2018-12-31 | $22.48 | $52.01 | x |
| 2019-12-31 | $26.49 | $52.01 | x |
| 2020-12-31 | $29.18 | $52.01 | x |
| 2021-12-31 | $34.79 | $52.01 | x |
| 2022-12-31 | $36.49 | $52.01 | x |
| 2023-12-31 | $38.68 | $52.01 | x |
| 2024-12-31 | $40.71 | $52.01 | x |
| 2025-12-31 | $45.56 | $52.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern First Bancshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.52%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 11.94x
- Recent ROE (8.24%) is above the historical average (6.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | -5.15% | -650.00% | 0.01x | 1.00x | $-1.53 Million |
| 2000 | -6.98% | -20.63% | 0.05x | 6.48x | $-1.61 Million |
| 2001 | -1.26% | -1.81% | 0.06x | 12.53x | $-1.07 Million |
| 2002 | 7.35% | 8.68% | 0.05x | 16.65x | $-270.76K |
| 2003 | 8.99% | 9.92% | 0.04x | 20.62x | $-112.78K |
| 2004 | 7.17% | 13.67% | 0.05x | 11.25x | $-795.27K |
| 2005 | 8.25% | 11.18% | 0.06x | 13.30x | $-533.12K |
| 2006 | 11.28% | 12.38% | 0.06x | 14.73x | $442.45K |
| 2007 | 8.98% | 8.42% | 0.06x | 16.41x | $-392.34K |
| 2008 | 4.65% | 4.44% | 0.06x | 17.42x | $-2.13 Million |
| 2009 | 2.37% | 3.73% | 0.05x | 12.02x | $-4.57 Million |
| 2010 | 1.50% | 2.31% | 0.05x | 12.44x | $-5.03 Million |
| 2011 | 3.34% | 5.51% | 0.05x | 12.28x | $-4.17 Million |
| 2012 | 6.02% | 10.04% | 0.05x | 12.44x | $-2.55 Million |
| 2013 | 7.80% | 12.83% | 0.04x | 13.57x | $-1.45 Million |
| 2014 | 7.98% | 14.49% | 0.04x | 12.41x | $-1.67 Million |
| 2015 | 10.79% | 18.67% | 0.04x | 12.92x | $743.00K |
| 2016 | 11.86% | 21.01% | 0.05x | 12.20x | $2.05 Million |
| 2017 | 8.71% | 18.49% | 0.04x | 10.85x | $-1.92 Million |
| 2018 | 12.82% | 26.95% | 0.04x | 10.93x | $4.90 Million |
| 2019 | 13.53% | 27.13% | 0.05x | 11.01x | $7.27 Million |
| 2020 | 8.03% | 15.00% | 0.05x | 10.87x | $-4.50 Million |
| 2021 | 16.81% | 42.37% | 0.04x | 10.53x | $18.92 Million |
| 2022 | 9.89% | 22.81% | 0.03x | 12.54x | $-336.20K |
| 2023 | 4.30% | 7.16% | 0.05x | 12.98x | $-17.82 Million |
| 2024 | 4.70% | 7.28% | 0.05x | 12.37x | $-17.51 Million |
| 2025 | 8.24% | 13.52% | 0.05x | 11.94x | $-6.50 Million |
Industry Comparison
This section compares Southern First Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern First Bancshares Inc (SFST) | $368.66 Million | -5.15% | 10.94x | $328.31 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |