Southern Historical Income Statement

SFST Stock

USD 44.50 0.40 0.91%

Historical analysis of Southern First income statement accounts such as Gross Profit of 90.6 M, Other Operating Expenses of 178.5 M, Operating Income of 20.5 M or Ebit of 19.5 M can show how well Southern First Bancshares performed in making a profits. Evaluating Southern First income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Southern First's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Southern First Bancshares latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Southern First Bancshares is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern First Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

About Southern Income Statement Analysis

Southern First Bancshares Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Southern First shareholders. The income statement also shows Southern investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Southern First Income Statement Chart

At this time, Southern First's Total Operating Expenses is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 35.2 M in 2024, whereas Net Income is likely to drop slightly above 10 M in 2024.

Selling General Administrative Total Revenue Gross Profit Other Operating Expenses

Total Revenue

Total revenue comprises all receipts Southern First Bancshares generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Southern First Bancshares minus its cost of goods sold. It is profit before Southern First operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Southern First Bancshares. It is also known as Southern First overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Most accounts from Southern First's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Southern First Bancshares current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern First Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

	2021	2022	2023	2024 (projected)
Gross Profit	117.2M	101.0M	86.3M	90.6M
Total Revenue	117.2M	101.0M	86.3M	90.6M

Gross Profit Total Revenue

Southern First income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Net Income	Income Tax Expense	Selling And Marketing Expenses	Total Other Income Expense Net	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.4	0.35	0.12	0.12	0.39	-0.08	-0.06	0.61	0.3	-0.12	-0.09	-0.24	0.22	-0.52	-0.03	-0.15	0.33	0.33	0.5	0.4
Interest Expense	0.4		0.05	0.37	0.37	0.95	-0.09	-0.06	0.14	0.77	-0.11	-0.09	-0.15	0.71	-0.12	0.01	-0.41	0.36	0.67	0.73	0.93
Selling General Administrative	0.35	0.05		-0.15	-0.15	-0.06	-0.08	-0.06	0.2	-0.14	-0.24	-0.21	-0.31	0.04	-0.9	-0.22	-0.13	-0.11	-0.1	-0.03	0.0
Total Revenue	0.12	0.37	-0.15		1.0	0.63	0.86	0.87	0.72	0.86	0.85	0.86	0.76	0.74	-0.13	0.89	0.48	0.92	0.75	0.65	0.33
Gross Profit	0.12	0.37	-0.15	1.0		0.63	0.86	0.87	0.72	0.86	0.85	0.86	0.76	0.74	-0.13	0.89	0.48	0.92	0.75	0.65	0.33
Other Operating Expenses	0.39	0.95	-0.06	0.63	0.63		0.19	0.2	0.33	0.93	0.17	0.19	0.1	0.8	-0.1	0.29	-0.22	0.6	0.81	0.81	0.89
Operating Income	-0.08	-0.09	-0.08	0.86	0.86	0.19		1.0	0.72	0.48	0.98	0.98	0.9	0.41	-0.15	0.97	0.79	0.75	0.42	0.29	-0.1
Ebit	-0.06	-0.06	-0.06	0.87	0.87	0.2	1.0		0.74	0.49	0.98	0.98	0.89	0.42	-0.17	0.97	0.79	0.76	0.44	0.31	-0.08
Ebitda	0.61	0.14	0.2	0.72	0.72	0.33	0.72	0.74		0.52	0.69	0.71	0.54	0.42	-0.49	0.72	0.55	0.79	0.55	0.56	0.16
Total Operating Expenses	0.3	0.77	-0.14	0.86	0.86	0.93	0.48	0.49	0.52		0.47	0.49	0.39	0.87	-0.1	0.56	0.03	0.81	0.87	0.83	0.72
Income Before Tax	-0.12	-0.11	-0.24	0.85	0.85	0.17	0.98	0.98	0.69	0.47		0.99	0.93	0.38	0.01	0.98	0.81	0.75	0.44	0.31	-0.1
Net Income	-0.09	-0.09	-0.21	0.86	0.86	0.19	0.98	0.98	0.71	0.49	0.99		0.88	0.38	-0.03	0.99	0.76	0.78	0.47	0.34	-0.08
Income Tax Expense	-0.24	-0.15	-0.31	0.76	0.76	0.1	0.9	0.89	0.54	0.39	0.93	0.88		0.35	0.14	0.85	0.88	0.59	0.3	0.17	-0.16
Selling And Marketing Expenses	0.22	0.71	0.04	0.74	0.74	0.8	0.41	0.42	0.42	0.87	0.38	0.38	0.35		-0.17	0.42	0.01	0.61	0.71	0.75	0.64
Total Other Income Expense Net	-0.52	-0.12	-0.9	-0.13	-0.13	-0.1	-0.15	-0.17	-0.49	-0.1	0.01	-0.03	0.14	-0.17		-0.03	0.04	-0.22	-0.16	-0.21	-0.08
Net Income From Continuing Ops	-0.03	0.01	-0.22	0.89	0.89	0.29	0.97	0.97	0.72	0.56	0.98	0.99	0.85	0.42	-0.03		0.72	0.81	0.5	0.37	-0.01
Tax Provision	-0.15	-0.41	-0.13	0.48	0.48	-0.22	0.79	0.79	0.55	0.03	0.81	0.76	0.88	0.01	0.04	0.72		0.39	0.03	-0.06	-0.39
Net Interest Income	0.33	0.36	-0.11	0.92	0.92	0.6	0.75	0.76	0.79	0.81	0.75	0.78	0.59	0.61	-0.22	0.81	0.39		0.82	0.76	0.34
Interest Income	0.33	0.67	-0.1	0.75	0.75	0.81	0.42	0.44	0.55	0.87	0.44	0.47	0.3	0.71	-0.16	0.5	0.03	0.82		0.96	0.76
Reconciled Depreciation	0.5	0.73	-0.03	0.65	0.65	0.81	0.29	0.31	0.56	0.83	0.31	0.34	0.17	0.75	-0.21	0.37	-0.06	0.76	0.96		0.79
Extraordinary Items	0.4	0.93	0.0	0.33	0.33	0.89	-0.1	-0.08	0.16	0.72	-0.1	-0.08	-0.16	0.64	-0.08	-0.01	-0.39	0.34	0.76	0.79

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Southern First Account Relationship Matchups

Southern First income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	(37.8M)	2.2M	2.3M	3.7M	4.8M	5.1M
Interest Expense	1.7M	2.0M	1.5M	20.0M	99.9M	104.9M
Selling General Administrative	1.3M	2.3M	2.6M	2.6M	2.5M	2.8M
Total Revenue	81.4M	77.6M	117.2M	101.0M	86.3M	90.6M
Gross Profit	81.4M	77.6M	117.2M	101.0M	86.3M	90.6M
Other Operating Expenses	46.0M	53.7M	56.4M	62.9M	170.0M	178.5M
Operating Income	37.8M	26.4M	62.3M	39.8M	17.4M	20.5M
Ebit	35.5M	23.8M	60.8M	38.1M	17.4M	19.5M
Ebitda	(2.3M)	26.0M	63.1M	41.8M	22.2M	13.3M
Total Operating Expenses	46.0M	53.7M	56.4M	62.9M	87.5M	91.9M
Income Before Tax	35.5M	23.8M	60.8M	38.1M	17.4M	13.8M
Net Income	27.9M	18.3M	46.7M	29.1M	13.4M	10.0M
Income Tax Expense	7.6M	5.5M	14.1M	9.0M	4.0M	3.8M
Selling And Marketing Expenses	791K	690K	905K	1.2M	1.4M	1.3M
Total Other Income Expense Net	(2.3M)	(5.0M)	(4.4M)	(5.1M)	(3.8M)	(4.0M)
Net Income Applicable To Common Shares	27.9M	18.3M	46.7M	29.1M	33.5M	35.2M
Net Income From Continuing Ops	27.9M	18.3M	46.7M	29.1M	13.4M	17.9M
Tax Provision	7.6M	5.5M	14.1M	9.0M	4.0M	3.8M
Net Interest Income	67.3M	79.8M	87.7M	97.6M	77.7M	73.7M
Interest Income	92.7M	94.8M	93.2M	117.7M	177.6M	99.1M
Reconciled Depreciation	1.9M	2.2M	2.3M	3.7M	4.8M	2.8M

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Southern Historical Income Statement

About Southern Income Statement Analysis

Southern First Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Southern First income statement Correlations

Southern First Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Southern First income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Ebit	+ 1.0	Operating Income
Net Income	+ 0.99	Income Before Tax
Net Income From Continuing Ops	+ 0.99	Net Income
Income Before Tax	+ 0.98	Operating Income
Net Income	+ 0.98	Operating Income

Total Other Income Expense Net	- 0.9	Selling General Administrative
Total Other Income Expense Net	- 0.52	Depreciation And Amortization
Total Other Income Expense Net	- 0.49	Ebitda
Tax Provision	- 0.41	Interest Expense
Extraordinary Items	- 0.39	Tax Provision
Income Tax Expense	- 0.31	Selling General Administrative