Southern First Bancshares Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	15.53	13.43	29.12	46.71
Depreciation & Amortization	4.81	4.82	3.7	2.32
Gain (Loss) on Sale of Assets	-0.03	-	0.39	0.37
Gain (Loss) on Sale of Investments	0.55	0.06	0.68	0.94
Provision for Credit Losses	0.13	1.26	6.16	-12.4
Net Decrease (Increase) in Loans Originated / Sold - Operating	8.08	0.51	12.55	60.38
Change in Other Net Operating Assets	0.89	-0.35	-1.38	-9.8
Operating Cash Flow	25.56	17.65	50.31	78.07
Operating Cash Flow Growth	44.78%	-64.91%	-35.56%	278.63%
Capital Expenditures	-0.79	-1.24	-13.95	-26.51
Sale of Property, Plant and Equipment	0.03	-	0.1	0.05
Investment in Securities	2.31	-47.9	3.4	-29.11
Net Decrease (Increase) in Loans Originated / Sold - Investing	-30.41	-329.43	-782.13	-348.72
Other Investing Activities	-	-	-	-7.5
Investing Cash Flow	-28.86	-378.58	-792.58	-410.63
Long-Term Debt Issued	-	100	175	-
Long-Term Debt Repaid	-46.5	-	-	-25
Net Debt Issued (Repaid)	-46.5	100	175	-25
Issuance of Common Stock	0.29	0.52	0.91	3.01
Net Increase (Decrease) in Deposit Accounts	56.2	245.7	570.04	421.07
Financing Cash Flow	10	346.22	745.94	399.08
Net Cash Flow	6.69	-14.7	3.67	66.52
Free Cash Flow	24.77	16.41	36.36	51.56
Free Cash Flow Growth	50.95%	-54.86%	-29.49%	286.42%
Free Cash Flow Margin	26.57%	19.03%	35.98%	43.98%
Free Cash Flow Per Share	3.05	2.03	4.50	6.45
Cash Interest Paid	119.35	93.35	18.88	6.4
Cash Income Tax Paid	3.77	1.51	11.83	21.65

Updated Jan 22, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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