Demonstrações financeiras detalhadas de Southern First Bancshares, Inc. (SFST): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Southern First Bancshares, Inc. registou receitas de $224.6M no último exercício, com um CAGR de 5 anos de 13.0%. O lucro líquido atingiu $30.4M, com CAGR de 5 anos de 10.6%.
Margens dos últimos 12 meses: margem bruta 60.9%, margem operacional 24.1%, margem líquida 18.7%. O fluxo de caixa livre cresceu a CAGR de 17.5% em 5 anos.
Ao preço atual de $61.28, SFST negocia a um P/L de 12.96 e um ROE de 10.18%. A capitalização de mercado é de $579M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $62.0M | $70.5M | $82.7M | $102.7M | $122.2M | $110.3M | $127.6M | $187.5M | $213.3M | $224.6M |
| Custo da Receita | $10.5M | $12.3M | $18.4M | $27.7M | $44.6M | -$7.0M | $26.2M | $101.2M | $120.1M | $109.5M |
| Lucro Bruto | $51.5M | $58.2M | $64.3M | $75.0M | $77.6M | $117.2M | $101.4M | $86.3M | $93.3M | $115.1M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $23.4M | $26.8M | $27.4M | $29.2M | $36.8M | $38.2M | $41.7M | $45.4M | $3.8M | $50.2M |
| Despesas Operacionais | $31.2M | $34.6M | $35.6M | $39.5M | $53.7M | $56.4M | $62.9M | $68.8M | $73.3M | $75.5M |
| Lucro Operacional | $20.4M | $23.7M | $28.7M | $35.5M | $23.8M | $60.8M | $38.1M | $17.4M | $19.9M | $39.6M |
| EBITDA | $21.6M | $25.1M | $30.4M | $37.4M | $26.0M | $63.1M | $41.8M | $22.2M | $24.7M | $44.3M |
| Despesas com Juros | $8.2M | $10.3M | $16.5M | $25.4M | $15.0M | $5.4M | $20.0M | $99.9M | $120.0M | $106.5M |
| Lucro Antes de Impostos | $20.4M | $23.7M | $28.7M | $35.5M | $23.8M | $60.8M | $38.1M | $17.4M | $19.9M | $39.6M |
| Imposto | $7.3M | $10.6M | $6.4M | $7.6M | $5.5M | $14.1M | $9.0M | $4.0M | $4.4M | $9.2M |
| Lucro Líquido | $13.0M | $13.0M | $22.3M | $27.9M | $18.3M | $46.7M | $29.1M | $13.4M | $15.5M | $30.4M |
| LPA | $2.06 | $1.86 | $3.02 | $3.70 | $2.37 | $5.96 | $3.66 | $1.67 | $1.92 | $3.77 |
| LPA Diluído | $1.94 | $1.76 | $2.88 | $3.58 | $2.34 | $5.85 | $3.61 | $1.66 | $1.91 | $3.75 |
| Ações em Circulação (Diluídas) | $6.7M | $7.4M | $7.7M | $7.8M | $7.8M | $8.0M | $8.1M | $8.1M | $8.1M | $8.1M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $58.6M | $57.6M | $33.8M | $61.6M |
| Lucro Bruto | $30.3M | $31.2M | $32.5M | $34.9M |
| Lucro Operacional | $11.3M | $12.8M | $12.5M | $14.5M |
| EBITDA | $12.7M | $13.5M | $13.4M | $14.5M |
| Lucro Líquido | $8.7M | $9.9M | $9.9M | $11.2M |
| LPA | $1.08 | $1.23 | $1.20 | $1.22 |
| LPA Diluído | $1.07 | $1.21 | $1.20 | $1.20 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $22.5M | $43.0M | $37.0M | $38.6M | $78.9M | $80.3M | $69.6M | $36.8M | $34.4M | $86.1M |
| Investimentos de Curto Prazo | $64.5M | $67.6M | $74.9M | $67.7M | $94.7M | $120.3M | $93.3M | $9.5M | $461000 | $19000 |
| Contas a Receber | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $87.0M | $110.6M | $111.9M | $106.3M | $173.7M | $200.6M | $162.9M | $46.3M | $34.9M | $86.1M |
| Imobilizado | $28.4M | $32.2M | $32.4M | $58.5M | $60.2M | $92.4M | $99.2M | $94.3M | $88.8M | $83.5M |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $1.34B | $1.62B | $1.90B | $2.27B | $2.48B | $2.93B | $3.69B | $4.06B | $4.09B | $4.40B |
| Contas a Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $1.09B | $1.38B | $1.65B | $1.88B | $2.14B | $2.56B | $3.13B | $3.38B | $3.44B | $3.72B |
| Dívida de Longo Prazo | $128.6M | $80.6M | $63.4M | $145.9M | $61.0M | $36.1M | $211.2M | $311.3M | $264.9M | $264.9M |
| Passivos Totais | $1.23B | $1.47B | $1.73B | $2.06B | $2.25B | $2.65B | $3.40B | $3.74B | $3.76B | $4.03B |
| Reservas | $37.5M | $50.6M | $72.9M | $100.7M | $119.1M | $165.8M | $192.1M | $205.5M | $221.1M | $251.4M |
| Patrimônio Líquido | $109.9M | $149.7M | $173.9M | $205.9M | $228.3M | $277.9M | $294.5M | $312.5M | $330.4M | $368.7M |
| Dívida Total | $128.6M | $80.6M | $63.4M | $145.9M | $61.0M | $36.1M | $211.2M | $311.3M | $264.9M | $264.9M |
| Dívida Líquida | $41.6M | -$30.0M | -$48.5M | $39.6M | -$112.7M | -$164.5M | $48.3M | $265.0M | $230.0M | $178.8M |
| Capital de Giro | -$1.00B | -$1.27B | -$1.54B | -$1.77B | -$1.97B | -$2.36B | -$2.97B | -$3.33B | -$3.40B | -$3.63B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $104.4M | $86.1M | $114.5M | $30.1M |
| Ativos Totais | $4.36B | $4.40B | $4.58B | $4.70B |
| Passivos Totais | $4.00B | $4.03B | $4.20B | $4.25B |
| Patrimônio Líquido | $356.3M | $368.7M | $379.4M | $452.3M |
| Dívida Total | $264.9M | $264.9M | $264.9M | $280.2M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $13.0M | $13.0M | $22.3M | $27.9M | $18.3M | $46.7M | $29.1M | $13.4M | $15.5M | $30.4M |
| Depreciação e Amortização | $1.3M | $1.5M | $1.8M | $1.9M | $2.2M | $2.3M | $3.7M | $4.8M | $4.8M | $4.7M |
| Compensação em Ações | $2.0M | $1.3M | $1.5M | $1.7M | $1.4M | $1.6M | $2.0M | $1.9M | $2.3M | $2.3M |
| Variação Capital de Giro | $318000 | $2.8M | $1.2M | $2.6M | $775000 | -$8.2M | -$965000 | -$576000 | -$345000 | -$458000 |
| Fluxo de Caixa Operacional | $17.1M | $17.2M | $31.7M | $18.3M | $20.6M | $78.1M | $50.3M | $17.7M | $25.6M | $30.5M |
| CapEx | -$5.4M | -$5.4M | -$1.9M | -$8.4M | -$7.3M | -$26.5M | -$13.9M | -$1.2M | -$785000 | -$581000 |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | $11.7M | $11.8M | $29.8M | $9.9M | $13.3M | $51.6M | $36.4M | $16.4M | $24.8M | $29.9M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $14.5M | -$2.1M | $10.8M | $18.0M |
| CapEx | -$88000 | -$272000 | -$280000 | -$1.3M |
| Fluxo de Caixa Livre | $14.4M | -$2.4M | $10.5M | $16.7M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $539000 | $591000 | $623000 | $702000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +13.7% | +17.2% | +24.2% | +19.0% | -9.8% | +15.8% | +46.9% | +13.8% | +5.3% |
| Crescimento Lucro Líquido (anual) | | +0.1% | +70.9% | +25.0% | -34.2% | +154.9% | -37.7% | -53.9% | +15.7% | +95.5% |
| Crescimento LPA (anual) | | -9.7% | +62.4% | +22.5% | -35.9% | +151.5% | -38.6% | -54.4% | +15.0% | +96.4% |
| Variação de Ações (anual) | | +10.3% | +4.4% | +0.5% | +0.7% | +2.1% | +1.0% | +0.1% | +0.5% | -0.3% |
| Crescimento FCF (anual) | | +1.3% | +151.9% | -66.8% | +35.1% | +286.4% | -29.5% | -54.9% | +51.0% | +20.6% |
| Margem Bruta | 83.1% | 82.5% | 77.7% | 73.0% | 63.5% | 106.3% | 79.5% | 46.0% | 43.8% | 51.3% |
| Margem Operacional | 32.8% | 33.5% | 34.7% | 34.5% | 19.5% | 55.1% | 29.9% | 9.3% | 9.3% | 17.6% |
| Margem EBITDA | 34.9% | 35.6% | 36.8% | 36.4% | 21.3% | 57.2% | 32.8% | 11.9% | 11.6% | 19.7% |
| Margem Líquida | 21.0% | 18.5% | 26.9% | 27.1% | 15.0% | 42.4% | 22.8% | 7.2% | 7.3% | 13.5% |
| Margem FCF | 18.8% | 16.7% | 36.0% | 9.6% | 10.9% | 46.8% | 28.5% | 8.8% | 11.6% | 13.3% |
| Taxa Efetiva de Imposto | 36.0% | 44.9% | 22.3% | 21.5% | 23.1% | 23.2% | 23.6% | 23.0% | 22.0% | 23.3% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $1.74 | $1.59 | $3.85 | $1.27 | $1.71 | $6.45 | $4.50 | $2.03 | $3.05 | $3.69 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $6.3M | $7.0M | $7.4M | $7.5M | $7.7M | $7.8M | $8.0M | $8.0M | $8.1M | $8.0M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 10.18% |
| Retorno sobre capital investido | 0.84% |
| Retorno sobre ativos | 0.84% |
| Margem bruta | 60.86% |
| Margem operacional | 24.12% |
| Margem líquida | 18.71% |
Saúde financeira
| Dívida / Patrimônio | 0.62 |
| Liquidez corrente | 27.12 |
| Piotroski F-Score | 9 |
| Altman Z-Score | -0.77 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 17.48 | 22.18 | 10.62 | 11.48 | 14.92 | 10.48 | 12.50 | 22.22 | 20.70 | 13.67 |
| P/VP | 2.07 | 1.93 | 1.36 | 1.55 | 1.20 | 1.76 | 1.24 | 0.96 | 0.97 | 1.12 |
| P/V | 3.67 | 4.10 | 2.86 | 3.11 | 2.23 | 4.45 | 2.85 | 1.59 | 1.51 | 1.85 |
| Margem Bruta | 83.1% | 82.5% | 77.7% | 73.0% | 63.5% | 106.3% | 79.5% | 46.0% | 43.8% | 51.3% |
| Margem Operacional | 32.8% | 33.5% | 34.7% | 34.5% | 19.5% | 55.1% | 29.9% | 9.3% | 9.3% | 17.6% |
| Margem Líquida | 21.0% | 18.5% | 26.9% | 27.1% | 15.0% | 42.4% | 22.8% | 7.2% | 7.3% | 13.5% |