NYSE : SFBS
ServisFirst Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 40.28 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.40B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 873.70M | 828.70M | 788.11M | 699.10M | 499.69M | 385.72M |
| Interest Income on Investments | 126.40M | 161.73M | 158.02M | 114.14M | 59.62M | 30.58M |
| Total Interest Income | 1.00B | 990.43M | 946.12M | 813.25M | 559.32M | 416.31M |
| Interest Paid on Deposits | 325.06M | 373.89M | 420.65M | 331.74M | 59.40M | 26.57M |
| Interest Paid on Borrowings | 64.92M | 81.33M | 78.81M | 70.57M | 29.03M | 5.23M |
| Total Interest Expense | 389.98M | 455.22M | 499.46M | 402.31M | 88.42M | 31.80M |
| Net Interest Income | 610.12M | 535.21M | 446.66M | 410.94M | 470.89M | 384.50M |
| Mortgage Banking Activities | 7.71M | 5.46M | 4.92M | 2.75M | 2.44M | 7.34M |
| Gain (Loss) on Sale of Assets | -91.00K | -12.00K | 433.00K | |||
| Gain (Loss) on Sale of Investments | -1.21M | -17.73M | -1.40M | -12.05M | -16.17M | -8.53M |
| Other Non-Interest Income | 22.32M | 17.92M | 12.51M | 10.61M | 17.00M | 10.87M |
| Total Non-Interest Income | 51.17M | 25.86M | 33.66M | 18.36M | 21.21M | 24.30M |
| Revenues Before Loan Losses | 661.29M | 561.07M | 480.32M | 429.30M | 492.10M | 408.80M |
| Provision for Loan Losses | 45.22M | 35.31M | 21.59M | 18.71M | 37.61M | 31.52M |
| Revenue | 616.08M | 525.76M | 458.73M | 410.59M | 454.49M | 377.29M |
| Salaries and Employee Benefits | 100.94M | 91.86M | 92.83M | 77.36M | 74.75M | 65.87M |
| Federal Deposit Insurance | 10.62M | 10.99M | 10.69M | 15.61M | 4.57M | 5.68M |
| Selling, General & Administrative | 58.09M | 57.50M | 57.04M | 52.45M | 47.58M | 34.01M |
| Other Non-Interest Expense | 24.16M | 22.61M | 16.86M | 19.09M | 18.64M | 17.08M |
| Total Non-Interest Expense | 194.38M | 183.11M | 177.61M | 164.56M | 145.83M | 123.51M |
| EBT Excluding Unusual Items | 421.70M | 342.65M | 281.12M | 246.02M | 308.66M | 253.77M |
| Other Unusual Items | -516.00K | -516.00K | -2.14M | -1.44M | -1.99M | -425.00K |
| Pretax Income | 421.18M | 342.13M | 278.98M | 244.59M | 308.83M | 253.35M |
| Income Tax Expense | 78.73M | 65.53M | 51.74M | 37.73M | 57.32M | 45.62M |
| Net Income | 342.46M | 276.60M | 227.24M | 206.85M | 251.50M | 207.73M |
| Preferred Dividends & Other Adjustments | 62.00K | 62.00K | 62.00K | 62.00K | 62.00K | 62.00K |
| Net Income to Common | 342.39M | 276.54M | 227.18M | 206.79M | 251.44M | 207.67M |
| Basic Shares Outstanding | 109.31M | 109.22M | 109.06M | 108.82M | 108.60M | 108.32M |
| Diluted Shares Outstanding | 109.39M | 109.33M | 109.25M | 109.07M | 109.07M | 108.87M |
| EPS (Basic) | 3.13 | 2.53 | 2.08 | 1.90 | 2.32 | 1.92 |
| EPS (Diluted) | 3.13 | 2.53 | 2.08 | 1.90 | 2.30 | 1.91 |
| Dividend Per Share | 1.14 | 0.69 | 0.62 | 0.57 | 0.48 | 0.41 |
| Effective Tax Rate | 18.69% | 19.15% | 18.55% | 15.43% | 18.56% | 18.00% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.19B | 1.13B | 2.38B | 2.13B | 816.05M | 4.22B |
| Investment Securities | 1.56B | 1.80B | 1.28B | 1.25B | 956.60M | 607.62M |
| Trading Asset Securities | 4.20M | 1.15M | ||||
| Mortgage-Backed Securities | 535.40M | 676.64M | 681.10M | 768.63M | 735.80M | |
| Total Investments | 1.56B | 2.34B | 1.96B | 1.93B | 1.73B | 1.34B |
| Gross Loans | 14.74B | 13.70B | 12.61B | 11.66B | 11.69B | 9.53B |
| Allowance for Loan Losses | -189.01M | -171.68M | -164.46M | -153.32M | -146.30M | -116.66M |
| Net Loans | 14.55B | 13.53B | 12.44B | 11.51B | 11.54B | 9.42B |
| Property, Plant & Equipment | 67.39M | 82.41M | 85.24M | 85.78M | 78.67M | 78.22M |
| Goodwill | 13.62M | 13.62M | 13.62M | 13.62M | 13.62M | |
| Other Intangible Assets | 13.64M | |||||
| Loans Held for Sale | 15.27M | 11.74M | 9.21M | 5.07M | 1.61M | 1.11M |
| Accrued Interest Receivable | 61.96M | 62.79M | 59.18M | 48.42M | 34.83M | |
| Long-Term Deferred Tax Assets | 49.70M | 61.75M | 62.92M | 60.45M | 37.77M | |
| Other Real Estate Owned & Foreclosed | 14.87M | 2.58M | 2.53M | 995.00K | 248.00K | 1.21M |
| Other Long-Term Assets | 899.66M | 500.06M | 330.59M | 327.53M | 297.85M | 291.77M |
| Total Assets | 18.32B | 17.73B | 17.35B | 16.13B | 14.60B | 15.45B |
| Interest Bearing Deposits | 11.18B | 10.51B | 9.98B | 9.79B | 7.65B | 7.15B |
| Institutional Deposits | 1.02B | 943.31M | 842.33M | 573.03M | 507.15M | |
| Non-Interest Bearing Deposits | 2.91B | 2.68B | 2.62B | 2.64B | 3.32B | 4.80B |
| Total Deposits | 14.09B | 14.22B | 13.54B | 13.27B | 11.55B | 12.45B |
| Short-Term Borrowings | 1.97B | 1.47B | 1.99B | 1.26B | 1.62B | 1.71B |
| Current Portion of Leases | 5.38M | |||||
| Accrued Interest Payable | 29.99M | 28.03M | 27.55M | 18.61M | 13.62M | |
| Long-Term Debt | 34.75M | 34.75M | 64.74M | 64.73M | 64.73M | 64.71M |
| Long-Term Leases | 17.68M | 27.05M | 27.43M | 19.61M | 18.55M | |
| Other Long-Term Liabilities | 195.22M | 98.38M | 77.86M | 39.31M | 29.30M | 35.30M |
| Total Liabilities | 16.28B | 15.88B | 15.73B | 14.69B | 13.30B | 14.30B |
| Common Stock | 109.00K | 54.00K | 54.00K | 54.00K | 54.00K | 54.00K |
| Additional Paid-In Capital | 240.13M | 237.84M | 235.78M | 232.60M | 229.69M | 226.40M |
| Retained Earnings | 1.81B | 1.61B | 1.41B | 1.25B | 1.11B | 911.01M |
| Comprehensive Income & Other | -11.07M | -1.79M | -32.18M | -47.59M | -42.25M | 14.06M |
| Total Common Equity | 2.04B | 1.85B | 1.62B | 1.44B | 1.30B | 1.15B |
| Minority Interest | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K | 500.00K |
| Shareholders' Equity | 2.04B | 1.85B | 1.62B | 1.44B | 1.30B | 1.15B |
| Total Liabilities & Equity | 18.32B | 17.73B | 17.35B | 16.13B | 14.60B | 15.45B |
| Total Debt | 2.00B | 1.53B | 2.09B | 1.35B | 1.70B | 1.80B |
| Net Cash (Debt) | -814.74M | 97.26M | 291.11M | 782.19M | -882.88M | 2.43B |
| Net Cash Per Share | -7.45 | 0.89 | 2.66 | 7.17 | -8.09 | 22.30 |
| Filing Date Shares Outstanding | 109.34M | 109.28M | 109.16M | 108.98M | 108.80M | 108.55M |
| Total Common Shares Outstanding | 109.34M | 109.25M | 109.14M | 108.92M | 108.65M | 108.45M |
| Book Value Per Share | 18.63 | 16.93 | 14.81 | 13.22 | 11.94 | 10.62 |
| Tangible Book Value | 2.02B | 1.84B | 1.60B | 1.43B | 1.28B | 1.14B |
| Tangible Book Value Per Share | 18.50 | 16.81 | 14.68 | 13.09 | 11.82 | 10.49 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 276.60M | 227.24M | 206.85M | 251.50M | 207.73M | |
| Depreciation & Amortization | 4.73M | 4.79M | 4.44M | 4.12M | 4.39M | |
| Gain (Loss) on Sale of Assets | -298.00K | -46.00K | 28.00K | -501.00K | 288.00K | |
| Gain (Loss) on Sale of Investments | 54.70M | 12.37M | 14.40M | 8.75M | 14.04M | |
| Total Asset Writedown | 225.00K | 845.00K | ||||
| Provision for Credit Losses | 35.31M | 21.59M | 18.71M | 37.61M | 31.52M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 2.93M | 784.00K | -712.00K | 1.95M | 20.65M | |
| Accrued Interest Receivable | 838.00K | -3.61M | -10.76M | -13.59M | 2.01M | |
| Change in Other Net Operating Assets | -21.10M | -6.07M | -44.63M | -32.46M | -12.79M | |
| Other Operating Activities | 1.83M | -3.35M | -1.00M | 9.10M | 1.78M | |
| Operating Cash Flow | 355.20M | 252.91M | 197.30M | 272.63M | 266.33M | |
| Capital Expenditures | -5.94M | -4.65M | -3.91M | -3.65M | -9.45M | |
| Investment in Securities | 96.47M | 16.30M | -213.07M | -478.37M | -474.62M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -1.12B | -963.37M | 16.31M | -2.16B | -1.07B | |
| Other Investing Activities | -122.57M | 3.17M | 232.00K | 3.92M | -4.66M | |
| Investing Cash Flow | -1.15B | -948.53M | -200.43M | -2.64B | -1.56B | |
| Short-Term Debt Issued | 1.00M | 737.00M | 300.00M | 860.23M | ||
| Total Debt Issued | 1.00M | 737.00M | 300.00M | 860.23M | ||
| Short-Term Debt Repaid | -523.10M | -662.07M | -92.98M | |||
| Long-Term Debt Repaid | -30.00M | |||||
| Total Debt Repaid | -553.10M | -662.07M | -92.98M | |||
| Net Debt Issued (Repaid) | -552.10M | 737.00M | -362.07M | -92.98M | 860.23M | |
| Issuance of Common Stock | 610.00K | 916.00K | 1.29M | 1.23M | 3.53M | |
| Repurchase of Common Stock | -1.51M | -1.23M | -1.98M | -1.14M | -2.85M | |
| Common Dividends Paid | -73.17M | -65.41M | -45.71M | -37.47M | -32.52M | |
| Preferred Dividends Paid | -62.00K | -62.00K | -62.00K | -62.00K | -62.00K | |
| Total Dividends Paid | -73.23M | -65.47M | -45.77M | -37.53M | -32.58M | |
| Net Increase (Decrease) in Deposit Accounts | 675.58M | 269.95M | 1.73B | -906.03M | 2.48B | |
| Financing Cash Flow | 49.35M | 941.16M | 1.32B | -1.04B | 3.31B | |
| Net Cash Flow | -749.94M | 245.55M | 1.32B | -3.41B | 2.01B | |
| Free Cash Flow | 349.26M | 248.27M | 193.39M | 268.98M | 256.88M | |
| Free Cash Flow Margin | 66.43% | 54.12% | 47.10% | 59.18% | 68.09% | |
| Free Cash Flow Per Share | 3.19 | 2.27 | 1.77 | 2.47 | 2.36 | |
| Cash Interest Paid | 453.25M | 498.98M | 393.38M | 83.43M | 30.50M | |
| Cash Income Tax Paid | 34.58M | 44.98M | 53.99M | 68.52M | 56.65M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.57B | 3.92B | 4.62B | 3.63B | 3.74B | 4.60B |
| Last Close Price | 40.28 | 35.20 | 40.86 | 31.71 | 32.10 | 39.08 |
| PE Ratio | 13.37 | 14.18 | 20.35 | 17.54 | 14.89 | 22.17 |
| PS Ratio | 7.15 | 7.46 | 10.08 | 8.83 | 8.24 | 12.21 |
| PB Ratio | 2.16 | 2.12 | 2.86 | 2.52 | 2.88 | 4.00 |
| P/FCF Ratio | 9.49 | 11.23 | 18.62 | 18.75 | 13.92 | 17.93 |
| P/OCF Ratio | 9.31 | 11.04 | 18.28 | 18.38 | 13.73 | 17.29 |
| Debt / Equity Ratio | 0.98 | 0.83 | 1.29 | 0.94 | 1.31 | 1.56 |
| Debt / FCF Ratio | 4.38 | 8.40 | 6.97 | 6.33 | 6.99 | |
| Net Debt / Equity Ratio | 0.40 | -0.05 | -0.18 | -0.54 | 0.68 | -2.11 |
| Net Debt / FCF Ratio | -0.28 | -1.17 | -4.04 | 3.28 | -9.45 | |
| Return on Equity (ROE) | 17.93% | 15.96% | 14.87% | 15.11% | 20.53% | 19.37% |
| Return on Assets (ROA) | 1.91% | 1.58% | 1.36% | 1.35% | 1.67% | 1.52% |
| Earnings Yield | 7.48% | 7.05% | 4.92% | 5.70% | 6.72% | 4.51% |
| FCF Yield | 10.54% | 8.91% | 5.37% | 5.33% | 7.18% | 5.58% |
| Dividend Yield | 1.83% | 1.93% | 1.46% | 1.71% | 1.41% | 0.98% |
| Payout Ratio | 24.29% | 26.47% | 28.81% | 22.13% | 14.92% | 15.68% |
| Buyback Yield / Dilution | -0.07% | -0.08% | -0.16% | -0.00% | -0.18% | -0.40% |
| Total Shareholder Return | 1.82% | 1.85% | 1.30% | 1.71% | 1.22% | 0.58% |