AGM/EGMMay 20, 2026, 02:58 PM
Southern First Shareholders Elect 16 Directors, Approve Exec Comp & Auditor
AI Summary
Southern First Bancshares, Inc. held its annual meeting on May 19, 2026, where shareholders approved all three proposals: the election of 16 directors, the non-binding resolution on executive compensation, and the ratification of Elliott Davis, LLC as the independent public accountant for 2026. The company also made available a presentation highlighting strong financial performance for year-end 2025, including a 96% YoY increase in net income to $30.4 million and a 95% YoY rise in diluted EPS to $3.72. Q1 2026 also showed significant growth with net income up 88% YoY to $9.9 million.
Key Highlights
- Shareholders elected 16 members to the board of directors for a one-year term.
- Non-binding resolution on executive compensation policies was approved with 6,504,371 votes for.
- Appointment of Elliott Davis, LLC as independent public accountant was ratified with 7,438,028 votes for.
- Year-end 2025 Net Income was $30.4 million, up 96% YoY.
- Year-end 2025 Diluted EPS was $3.72, up 95% YoY.
- Q1 2026 Net Income was $9.9 million, up 88% YoY.
- Q1 2026 Diluted EPS was $1.19, up 83% YoY.
- Book value per share increased 11% YoY to $46.00 in Q1 2026.
Price Impact
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