SOUTHERN FIRST AWARDED RAYMOND JAMES COMMUNITY BANKERS CUP, RECOGNIZED IN TOP 10% OF COMMUNITY BANKS FOR 2021 PERFORMANCE

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May 10, 2022, 07:41 ET

GREENVILLE, S.C., May 10, 2022 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, was awarded the Raymond James Community Bankers Cup for its 2021 performance.

Each year, Raymond James, a leading diversified financial services company, evaluates community banks based on various profitability, operational efficiency, and balance sheet metrics. Of the 229 community banks considered, the top 10% demonstrated excellence in six financial performance and stability measures: nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity.

The tenth annual Raymond James Community Bankers Cup was presented to 23 banks that performed in the top 10% of community banks with assets between $500 million and $10 billion as of December 31, 2021. Of the banks awarded, Southern First was ranked no. 6 in overall performance and the only bank headquartered in South Carolina to be recognized.

"This accomplishment speaks to the value of our relationship-first approach to banking. Congratulations to our team on this incredible recognition and thank you to our clients for the privilege of serving you," stated Art Seaver, the company's Chief Executive Officer.

About Southern First Bancshares
Southern First Bancshares, Inc., Greenville, South Carolina is a registered bank holding company incorporated under the laws of South Carolina. The company's wholly-owned subsidiary, Southern First Bank, is the largest bank headquartered in South Carolina. Southern First Bank has been providing financial services since 1999 and now operates in 12 locations in the Greenville, Columbia, and Charleston markets of South Carolina as well as the Triangle and Triad regions of North Carolina and Atlanta, Georgia. Southern First Bancshares has consolidated assets of approximately $3.1 billion and its common stock is traded on the NASDAQ Global Market under the symbol "SFST." More information can be found at www.southernfirst.com.