ServisFirst Bancshares, Inc. Announces Results for Second Quarter of 2026
Rhea-AI Summary
ServisFirst Bancshares (NYSE: SFBS) reported second quarter 2026 net income of $85.8 million, up 39.7% year-over-year, with diluted earnings per share of $1.57, up 40.2%. Adjusted diluted EPS was also $1.57, 29.8% higher than the prior-year adjusted figure of $1.21.
Net interest income rose to $155.6 million, and net interest margin expanded to 3.63%, 10 basis points above the first quarter of 2026 and 53 basis points above a year earlier. Loans reached $14.48 billion, growing $533 million during the quarter (15.3% annualized) and 9.4% year-over-year. Deposits were $14.55 billion, up 5.0% year-over-year, while the cost of interest-bearing deposits declined to 2.80% from 3.33%.
Non-interest income increased to $12.9 million from $0.4 million a year ago; excluding prior-year securities losses, it rose 43.5%. The efficiency ratio improved to 29.65% from 33.46%, and book value per share increased 14.8% year-over-year to $36.19. Nonperforming assets to total assets rose to 0.96%, mainly linked to a large real-estate secured relationship, while the allowance for credit losses remained around 1.26% of loans. Liquidity included $1.46 billion of cash and cash equivalents and no FHLB advances or brokered deposits.
Positive
- Diluted EPS $1.57, up 40.2% year-over-year
- Net income $85.8 million, up 39.7% from Q2 2025
- Net interest margin 3.63%, up 53 bps year-over-year
- Loans $14.48 billion, up 9.4% year-over-year and $533 million in quarter
- Deposits $14.55 billion, up 5.0% year-over-year
- Efficiency ratio 29.65%, improved from 33.46% a year earlier
- Book value per share $36.19, up 14.8% year-over-year
- Cost of interest-bearing deposits 2.80%, down from 3.33% a year earlier
- Non-interest income $12.9 million, up $12.5 million year-over-year
- CET1 capital ratio 11.83%, up from 11.38% in Q2 2025
- Liquidity $1.46 billion cash, about 8% of total assets, with no FHLB advances or brokered deposits
Negative
- Nonperforming assets/total assets 0.96%, up from 0.42% a year earlier
- Provision for loan losses $11.7 million, higher than Q1 2026’s $10.6 million
- Non-interest expense $50.0 million, up 13.0% year-over-year
- Salary and benefits $26.3 million, up 16.4% year-over-year
- Other operating expenses $6.7 million, up 23.8% year-over-year
- Loan yield 6.23% below 6.37% in Q2 2025 despite higher market rates
News Market Reaction – SFBS
In the Jul 21 session, SFBS gained 2.61%, reflecting a moderate positive market reaction. Argus tracked a peak move of +12.1% during that session. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 20 | first-quarter earnings | Positive | +1.1% | EPS, net income, book value, capital and liquidity all improved year over year |
| Jan 20 | fourth-quarter earnings | Positive | +14.6% | Quarterly EPS, margin, loans, deposits and capital increased year over year |
| Oct 20 | third-quarter earnings | Positive | -6.8% | EPS, margin, loans, deposits and book value increased despite higher nonperforming assets |
| Jul 21 | second-quarter earnings | Positive | -0.7% | EPS, margin, loan growth, liquidity and capital improved year over year |
| Apr 21 | first-quarter earnings | Positive | -0.0% | EPS, deposits, loans, equity returns and efficiency improved year over year |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings reactions were mixed, with two positive-result releases aligned with gains and three diverging through flat or negative reactions.
Key Terms
net interest margin financial
common equity tier 1 capital financial
nonperforming assets financial
non-GAAP financial measures financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
BIRMINGHAM, Ala., July 20, 2026 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended June 30, 2026.
Second Quarter 2026 Highlights:
- Diluted earnings per share of
$1.57 for the quarter, up40% from the second quarter of 2025, and up30% from adjusted diluted earnings per share in the second quarter of 2025*. - Loans grew
$533 million , or15% annualized, during the quarter. - Net interest margin of
3.63% , up 10 basis points from the first quarter of 2026 and up 53 basis points from the second quarter of 2025. - Book value per share of
$36.19 , up14.8% year-over-year. - Efficiency ratio under
30% , down from33% in the second quarter of 2025. - Adjusted return on average common stockholders’ equity* increased from
15.68% to17.71% year-over-year. - Cost of interest-bearing deposits of
2.80% , down 53 basis points from the second quarter of 2025. - Deposits grew
$686 million , or5% , from the second quarter of 2025. - Liquidity remains strong with
$1.46 billion in cash and cash equivalents, equaling8% of our total assets, and no FHLB advances or brokered deposits. - Consolidated common equity tier 1 capital to risk-weighted assets increased from
11.38% in the second quarter of 2025 to11.83% in the second quarter of 2026.
Tom Broughton, Chairman, President, and CEO, said, “We were pleased with the strong loan growth in the quarter and the positive momentum in virtually all our markets for growth with our loan pipeline at record levels.”
David Sparacio, CFO, said, “Net Income growth of
* This press release includes certain non-GAAP financial measures: adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common stockholders’ equity, adjusted efficiency ratio, tangible common stockholders' equity, total tangible assets, tangible book value per share, tangible common equity to total tangible assets, adjusted net interest income, adjusted non-interest income, and adjusted non-interest expense. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.”
| FINANCIAL SUMMARY (UNAUDITED) | ||||||||||||||||||
| (in Thousands except share and per share amounts) | Period Ending June 30, 2026 | Period Ending March 31, 2026 | % Change From Period Ending March 31, 2026 to Period Ending June 30, 2026 | Period Ending June 30, 2025 | % Change From Period Ending June 30, 2025 to Period Ending June 30, 2026 | |||||||||||||
| QUARTERLY OPERATING RESULTS | ||||||||||||||||||
| Net Income | $ | 85,793 | $ | 82,971 | 3.4 | % | $ | 61,424 | 39.7 | % | ||||||||
| Net Income Available to Common Stockholders | $ | 85,762 | $ | 82,971 | 3.4 | % | $ | 61,393 | 39.7 | % | ||||||||
| Diluted Earnings Per Share | $ | 1.57 | $ | 1.52 | 3.3 | % | $ | 1.12 | 40.2 | % | ||||||||
| Return on Average Assets | 1.91 | % | 1.89 | % | 1.40 | % | ||||||||||||
| Return on Average Common Stockholders' Equity | 17.71 | % | 17.91 | % | 14.56 | % | ||||||||||||
| Average Diluted Shares Outstanding | 54,702,886 | 54,695,017 | 54,664,480 | |||||||||||||||
| Adjusted Net Income, net of tax* | $ | 85,793 | $ | 82,971 | 3.4 | % | $ | 66,133 | 29.7 | % | ||||||||
| Adjusted Net Income Available to Common | ||||||||||||||||||
| Stockholders, net of tax* | $ | 85,762 | $ | 82,971 | 3.4 | % | $ | 66,102 | 29.7 | % | ||||||||
| Adjusted Diluted Earnings Per Share, net of tax* | $ | 1.57 | $ | 1.52 | 3.3 | % | $ | 1.21 | 29.8 | % | ||||||||
| Adjusted Return on Average Assets, net of tax* | 1.91 | % | 1.89 | % | 1.50 | % | ||||||||||||
| Adjusted Return on Average Common | ||||||||||||||||||
| Stockholders' Equity, net of tax* | 17.71 | % | 17.91 | % | 15.68 | % | ||||||||||||
| YEAR-TO-DATE OPERATING RESULTS | ||||||||||||||||||
| Net Income | $ | 168,764 | $ | 124,648 | 35.4 | % | ||||||||||||
| Net Income Available to Common Stockholders | $ | 168,733 | $ | 124,617 | 35.4 | % | ||||||||||||
| Diluted Earnings Per Share | $ | 3.09 | $ | 2.28 | 35.1 | % | ||||||||||||
| Return on Average Assets | 1.90 | % | 1.42 | % | ||||||||||||||
| Return on Average Common Stockholders' Equity | 17.81 | % | 15.08 | % | ||||||||||||||
| Average Diluted Shares Outstanding | 54,698,973 | 54,660,577 | ||||||||||||||||
| Adjusted Net Income, net of tax* | $ | 168,764 | $ | 129,357 | 30.5 | % | ||||||||||||
| Adjusted Net Income Available to Common | ||||||||||||||||||
| Stockholders, net of tax* | $ | 168,733 | $ | 129,326 | 30.5 | % | ||||||||||||
| Adjusted Diluted Earnings Per Share, net of tax* | $ | 3.09 | $ | 2.36 | 30.6 | % | ||||||||||||
| Adjusted Return on Average Assets, net of tax* | 1.90 | % | 1.48 | % | ||||||||||||||
| Adjusted Return on Average Common | ||||||||||||||||||
| Stockholders' Equity, net of tax* | 17.81 | % | 15.65 | % | ||||||||||||||
| BALANCE SHEET | ||||||||||||||||||
| Total Assets | $ | 18,345,498 | $ | 18,171,287 | 1.0 | % | $ | 17,378,628 | 5.6 | % | ||||||||
| Loans | 14,478,489 | 13,945,913 | 3.8 | % | 13,232,560 | 9.4 | % | |||||||||||
| Non-interest-bearing Demand Deposits | 2,995,402 | 2,836,622 | 5.6 | % | 2,632,058 | 13.8 | % | |||||||||||
| Total Deposits | 14,548,730 | 14,486,364 | 0.4 | % | 13,862,319 | 5.0 | % | |||||||||||
| Stockholders' Equity | 1,978,418 | 1,912,537 | 3.4 | % | 1,721,783 | 14.9 | % | |||||||||||
DETAILED FINANCIALS
ServisFirst Bancshares, Inc. reported net income and net income available to common stockholders of
Annualized return on average assets was
Net interest income was
Average loans for the second quarter of 2026 were
Average total deposits for the second quarter of 2026 were
Nonperforming assets to total assets were
Non-interest income was
Non-interest expense increased
Our effective tax rate was
About ServisFirst Bancshares, Inc.
ServisFirst Bancshares, Inc. (the “Company”) is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst Bank (the “Bank”), the Company provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, Texas and Virginia. Through the Bank, we originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions.
ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (“SEC”). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbancshares.com.
Statements in this press release that are not historical facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended (the “Securities Act”). The words “believe,” “expect,” “anticipate,” “project,” “plan,” “intend,” “will,” “could,” “would,” “might” and similar expressions often signify forward-looking statements. Such statements involve inherent risks and uncertainties. The Company cautions that such forward-looking statements, wherever they occur in this press release or in other statements attributable to the Company, are necessarily estimates reflecting the judgment of the Company’s senior management and involve risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Such forward-looking statements should, therefore, be considered in light of various factors that could affect the accuracy of such forward-looking statements, including, but not limited to: general economic conditions, especially in the credit markets and in the Southeast; the impact of tariffs, trade wars and other conflicts on general economic conditions; the performance of the capital markets; changes in interest rates, yield curves and interest rate spread relationships; changes in accounting and tax principles, policies or guidelines; changes in legislation or regulatory requirements; changes as a result of our reclassification as a large financial institution by the Federal Deposit Insurance Corporation ("FDIC"); changes in our loan portfolio and the deposit base; possible changes in laws and regulations and governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued or re-emerging inflationary pressures and the ability of the U.S. Congress to increase the U.S. statutory debt limit as needed; computer hacking or cyber-attacks resulting in unauthorized access to confidential or proprietary information; substantial, unexpected or prolonged changes in the level or cost of liquidity; the cost and other effects of legal and administrative cases and similar contingencies; possible changes in the creditworthiness of customers and the possible impairment of the collectability of loans and the value of collateral; the effect of natural disasters, such as hurricanes and tornados, in our geographic markets; and increased competition from both banks and nonbank financial institutions. The foregoing list of factors is not exhaustive. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in our most recent Annual Report on Form 10-K, "Forward-Looking Statements" and "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q and our other SEC filings. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then our actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements. Accordingly, you should not place undue reliance on any forward-looking statements, which speak only as of the date made. The Company assumes no obligation to update or revise any forward-looking statements that are made from time to time.
More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbancshares.com or by calling (205) 949-0302.
| SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED) | ||||||||||||||||||||
| (In thousands except share and per share data) | ||||||||||||||||||||
| 2nd Quarter 2026 | 1st Quarter 2026 | 4th Quarter 2025 | 3rd Quarter 2025 | 2nd Quarter 2025 | ||||||||||||||||
| CONSOLIDATED STATEMENT OF INCOME | ||||||||||||||||||||
| Interest income | $ | 249,880 | $ | 241,480 | $ | 251,388 | $ | 251,308 | $ | 246,635 | ||||||||||
| Interest expense | 94,243 | 93,332 | 104,867 | 117,860 | 114,948 | |||||||||||||||
| Net interest income | 155,637 | 148,148 | 146,521 | 133,448 | 131,687 | |||||||||||||||
| Provision for credit losses | 11,412 | 10,637 | 7,922 | 9,463 | 11,296 | |||||||||||||||
| Net interest income after provision for credit losses | 144,225 | 137,511 | 138,599 | 123,985 | 120,391 | |||||||||||||||
| Non-interest income | 12,892 | 10,840 | 15,691 | 2,833 | 421 | |||||||||||||||
| Non-interest expense | 49,961 | 47,384 | 46,683 | 47,996 | 44,204 | |||||||||||||||
| Income before income tax | 107,156 | 100,967 | 107,607 | 78,822 | 76,608 | |||||||||||||||
| Provision for income tax | 21,363 | 17,996 | 21,223 | 13,251 | 15,184 | |||||||||||||||
| Net income | 85,793 | 82,971 | 86,384 | 65,571 | 61,424 | |||||||||||||||
| Preferred stock dividends | 31 | - | 31 | - | 31 | |||||||||||||||
| Net income available to common stockholders | $ | 85,762 | $ | 82,971 | $ | 86,353 | $ | 65,571 | $ | 61,393 | ||||||||||
| Earnings per share - basic | $ | 1.57 | $ | 1.52 | $ | 1.58 | $ | 1.20 | $ | 1.12 | ||||||||||
| Earnings per share - diluted | $ | 1.57 | $ | 1.52 | $ | 1.58 | $ | 1.20 | $ | 1.12 | ||||||||||
| Average diluted shares outstanding | 54,702,886 | 54,695,017 | 54,675,802 | 54,667,955 | 54,664,480 | |||||||||||||||
| CONSOLIDATED BALANCE SHEET DATA | ||||||||||||||||||||
| Total assets | $ | 18,345,498 | $ | 18,171,287 | $ | 17,727,190 | $ | 17,584,199 | $ | 17,378,628 | ||||||||||
| Loans | 14,478,489 | 13,945,913 | 13,696,912 | 13,311,967 | 13,232,560 | |||||||||||||||
| Debt securities | 1,630,531 | 1,684,421 | 1,728,901 | 1,849,739 | 1,914,503 | |||||||||||||||
| Non-interest-bearing demand deposits | 2,995,402 | 2,836,622 | 2,684,272 | 2,598,895 | 2,632,058 | |||||||||||||||
| Total deposits | 14,548,730 | 14,486,364 | 14,219,034 | 14,106,922 | 13,862,319 | |||||||||||||||
| Borrowings | 34,750 | 34,750 | 34,750 | 64,750 | 64,747 | |||||||||||||||
| Stockholders' equity | 1,978,418 | 1,912,537 | 1,850,347 | 1,781,647 | 1,721,783 | |||||||||||||||
| Shares outstanding | 54,671,023 | 54,663,123 | 54,624,955 | 54,621,441 | 54,618,545 | |||||||||||||||
| Book value per share | $ | 36.19 | $ | 34.99 | $ | 33.87 | $ | 32.62 | $ | 31.52 | ||||||||||
| Tangible book value per share (1) | $ | 35.94 | $ | 34.74 | $ | 33.62 | $ | 32.37 | $ | 31.27 | ||||||||||
| SELECTED FINANCIAL RATIOS (Annualized) | ||||||||||||||||||||
| Net interest margin | 3.63 | % | 3.53 | % | 3.38 | % | 3.09 | % | 3.10 | % | ||||||||||
| Return on average assets | 1.91 | % | 1.89 | % | 1.91 | % | 1.47 | % | 1.40 | % | ||||||||||
| Return on average common stockholders' equity | 17.71 | % | 17.91 | % | 18.93 | % | 14.88 | % | 14.56 | % | ||||||||||
| Efficiency ratio | 29.65 | % | 29.80 | % | 28.78 | % | 35.22 | % | 33.46 | % | ||||||||||
| Non-interest expense to average earning assets | 1.16 | % | 1.13 | % | 1.08 | % | 1.11 | % | 1.04 | % | ||||||||||
| CAPITAL RATIOS (2) | ||||||||||||||||||||
| Common equity tier 1 capital to risk-weighted assets | 11.83 | % | 11.86 | % | 11.65 | % | 11.49 | % | 11.38 | % | ||||||||||
| Tier 1 capital to risk-weighted assets | 11.83 | % | 11.87 | % | 11.66 | % | 11.50 | % | 11.38 | % | ||||||||||
| Total capital to risk-weighted assets | 13.09 | % | 13.13 | % | 12.93 | % | 12.91 | % | 12.81 | % | ||||||||||
| Tier 1 capital to average assets | 10.93 | % | 10.71 | % | 10.26 | % | 10.01 | % | 9.78 | % | ||||||||||
| Tangible common equity to total tangible assets (1) | 10.72 | % | 10.46 | % | 10.37 | % | 10.06 | % | 9.84 | % | ||||||||||
| (1) This press release contains certain non-GAAP financial measures. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.” | ||||||||||||||||||||
| (2) Regulatory capital ratios for most recent period are preliminary. | ||||||||||||||||||||
GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures
This press release contains the non-GAAP financial measures of tangible common stockholders’ equity, total tangible assets, tangible book value per share and tangible common equity to total tangible assets, each of which excludes goodwill associated with our acquisition of Metro Bancshares, Inc. in January 2015. This press release also contains the non-GAAP financial measures of adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common stockholders’ equity, adjusted efficiency ratio, adjusted net interest income, adjusted non-interest income, and adjusted non-interest expense.
We believe these non-GAAP financial measures provide useful information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with GAAP; however, we acknowledge that these non-GAAP financial measures have limitations. As such, you should not view these disclosures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP financial measures that other companies, including those in our industry, use. The following reconciliation table provides a more detailed analysis of the non-GAAP financial measures as of and for the comparative periods presented in this press release. Dollars are in thousands, except share and per share data.
| At June 30, 2026 | At March 31, 2026 | At December 31, 2025 | At September 30, 2025 | At June 30, 2025 | ||||||||||||||||||||
| Book value per share - GAAP | $ | 36.19 | $ | 34.99 | $ | 33.87 | $ | 32.62 | $ | 31.52 | ||||||||||||||
| Total common stockholders' equity - GAAP | 1,978,418 | 1,912,537 | 1,850,347 | 1,781,647 | 1,721,783 | |||||||||||||||||||
| Adjustment for Goodwill | (13,615 | ) | (13,615 | ) | (13,615 | ) | (13,615 | ) | (13,615 | ) | ||||||||||||||
| Tangible common stockholders' equity - non-GAAP | $ | 1,964,803 | $ | 1,898,922 | $ | 1,836,732 | $ | 1,768,032 | $ | 1,708,168 | ||||||||||||||
| Tangible book value per share - non-GAAP | $ | 35.94 | $ | 34.74 | $ | 33.62 | $ | 32.37 | $ | 31.27 | ||||||||||||||
| Stockholders' equity to total assets - GAAP | 10.78 | % | 10.53 | % | 10.44 | % | 10.13 | % | 9.91 | % | ||||||||||||||
| Total assets - GAAP | $ | 18,345,498 | $ | 18,171,287 | $ | 17,727,190 | $ | 17,584,199 | $ | 17,378,628 | ||||||||||||||
| Adjustment for Goodwill | (13,615 | ) | (13,615 | ) | (13,615 | ) | (13,615 | ) | (13,615 | ) | ||||||||||||||
| Total tangible assets - non-GAAP | $ | 18,331,883 | $ | 18,157,672 | $ | 17,713,575 | $ | 17,570,584 | $ | 17,365,013 | ||||||||||||||
| Tangible common equity to total tangible assets - non-GAAP | 10.72 | % | 10.46 | % | 10.37 | % | 10.06 | % | 9.84 | % | ||||||||||||||
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | ||||||||||||||||
| Net income - GAAP | $ | 85,793 | $ | 61,424 | $ | 168,764 | $ | 124,648 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Legal matter accrual reversal | - | (2,276 | ) | - | (2,276 | ) | |||||||||||||
| Loss on marketable securities | - | 8,563 | - | 8,563 | |||||||||||||||
| Tax on adjustments | - | (1,578 | ) | - | (1,578 | ) | |||||||||||||
| Adjusted net income - non-GAAP | $ | 85,793 | $ | 66,133 | $ | 168,764 | $ | 129,357 | |||||||||||
| Net income available to common stockholders - GAAP | $ | 85,762 | $ | 61,393 | $ | 168,733 | $ | 124,617 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Legal matter accrual reversal | - | (2,276 | ) | - | (2,276 | ) | |||||||||||||
| Loss on marketable securities | - | 8,563 | - | 8,563 | |||||||||||||||
| Tax on adjustments | - | (1,578 | ) | - | (1,578 | ) | |||||||||||||
| Adjusted net income available to common stockholders - non-GAAP | $ | 85,762 | $ | 66,102 | $ | 168,733 | $ | 129,326 | |||||||||||
| Diluted earnings per share - GAAP | $ | 1.57 | $ | 1.12 | $ | 3.09 | $ | 2.28 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Legal matter accrual reversal | - | (0.04 | ) | - | (0.05 | ) | |||||||||||||
| Loss on marketable securities | - | 0.16 | - | 0.16 | |||||||||||||||
| Tax on adjustments | - | (0.03 | ) | - | (0.03 | ) | |||||||||||||
| Adjusted diluted earnings per share - non-GAAP | $ | 1.57 | $ | 1.21 | $ | 3.09 | $ | 2.36 | |||||||||||
| Net interest income, on a fully taxable-equivalent basis | $ | 155,637 | $ | 131,777 | $ | 303,785 | $ | 255,394 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Legal matter accrual reversal | - | (2,276 | ) | - | (2,276 | ) | |||||||||||||
| Tax on adjustments | - | 571 | - | 571 | |||||||||||||||
| Adjusted net interest income, on a fully taxable-equivalent basis | $ | 155,637 | $ | 130,072 | $ | 303,785 | $ | 253,689 | |||||||||||
| Return on average assets - GAAP | 1.91 | % | 1.40 | % | 1.90 | % | 1.42 | % | |||||||||||
| Net income available to common stockholders - GAAP | $ | 85,762 | $ | 61,393 | $ | 168,733 | $ | 124,617 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Legal matter accrual reversal | - | (2,276 | ) | - | (2,276 | ) | |||||||||||||
| Loss on marketable securities | - | 8,563 | - | 8,563 | |||||||||||||||
| Tax on adjustments | - | (1,578 | ) | - | (1,578 | ) | |||||||||||||
| Adjusted net income available to common stockholders - non-GAAP | $ | 85,762 | $ | 66,102 | $ | 168,733 | $ | 129,326 | |||||||||||
| Average assets - GAAP | $ | 18,013,805 | $ | 17,626,503 | $ | 17,746,068 | $ | 17,668,094 | |||||||||||
| Adjusted return on average assets - non-GAAP | 1.91 | % | 1.50 | % | 1.90 | % | 1.48 | % | |||||||||||
| Return on average common stockholders' equity - GAAP | 17.71 | % | 14.56 | % | 17.81 | % | 15.08 | % | |||||||||||
| Net income available to common stockholders - GAAP | $ | 85,762 | $ | 61,393 | $ | 168,733 | $ | 124,617 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Legal matter accrual reversal | - | (2,276 | ) | - | (2,276 | ) | |||||||||||||
| Loss on marketable securities | - | 8,563 | - | 8,563 | |||||||||||||||
| Tax on adjustments | - | (1,578 | ) | - | (1,578 | ) | |||||||||||||
| Adjusted net income available to common stockholders - non-GAAP | $ | 85,762 | $ | 66,102 | $ | 168,733 | $ | 129,326 | |||||||||||
| Average common stockholders' equity - GAAP | $ | 1,942,571 | $ | 1,690,855 | $ | 1,910,751 | $ | 1,666,039 | |||||||||||
| Adjusted return on average common stockholders' equity non-GAAP | 17.71 | % | 15.68 | % | 17.81 | % | 15.65 | % | |||||||||||
| Efficiency ratio | 29.65 | % | 33.46 | % | 29.72 | % | 34.22 | % | |||||||||||
| Net interest income - GAAP | $ | 155,637 | $ | 131,687 | $ | 303,785 | $ | 255,240 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Legal matter accrual reversal | - | (2,276 | ) | - | (2,276 | ) | |||||||||||||
| Adjusted net interest income - non-GAAP | $ | 155,637 | $ | 129,411 | $ | 303,785 | $ | 252,964 | |||||||||||
| Total non-interest income - GAAP | 12,892 | 421 | 23,732 | 8,698 | |||||||||||||||
| Adjustments: | |||||||||||||||||||
| Loss on marketable securities | - | 8,563 | - | 8,563 | |||||||||||||||
| Adjusted non-interest income - non-GAAP | $ | 12,892 | $ | 8,984 | $ | 23,732 | $ | 17,261 | |||||||||||
| Adjusted net interest income and non-interest income - non-GAAP | 168,529 | 138,395 | 327,517 | 270,225 | |||||||||||||||
| Non-interest expense - GAAP | $ | 49,961 | $ | 44,204 | $ | 97,345 | $ | 90,311 | |||||||||||
| Adjustments: | |||||||||||||||||||
| Adjusted non-interest expense - non-GAAP | $ | 49,961 | $ | 44,204 | $ | 97,345 | $ | 90,311 | |||||||||||
| Adjusted efficiency ratio - non-GAAP | 29.65 | % | 31.94 | % | 29.72 | % | 33.42 | % | |||||||||||
| CONSOLIDATED BALANCE SHEETS (UNAUDITED) | ||||||||||||
| (Dollars in thousands) | ||||||||||||
| June 30, 2026 | June 30, 2025 | % Change | ||||||||||
| ASSETS | ||||||||||||
| Cash and due from banks | $ | 115,442 | $ | 140,659 | (18 | ) | % | |||||
| Interest-bearing balances due from depository institutions | 1,089,592 | 1,236,485 | (12 | ) | % | |||||||
| Federal funds sold and securities purchased with agreement to resell | 251,439 | 333,760 | (25 | ) | % | |||||||
| Cash and cash equivalents | 1,456,473 | 1,710,904 | (15 | ) | % | |||||||
| Available for sale debt securities, at fair value | 995,051 | 1,227,851 | (19 | ) | % | |||||||
| Held to maturity debt securities (fair value of | 635,480 | 686,652 | (7 | ) | % | |||||||
| Restricted equity securities | 12,475 | 12,156 | 3 | % | ||||||||
| Mortgage loans held for sale | 14,886 | 22,131 | (33 | ) | % | |||||||
| Loans | 14,478,489 | 13,232,560 | 9 | % | ||||||||
| Less allowance for credit losses | (181,853 | ) | (169,959 | ) | 7 | % | ||||||
| Loans, net | 14,296,636 | 13,062,601 | 9 | % | ||||||||
| Premises and equipment, net | 63,648 | 59,993 | 6 | % | ||||||||
| Goodwill | 13,615 | 13,615 | - | % | ||||||||
| Other assets | 857,234 | 582,725 | 47 | % | ||||||||
| Total assets | $ | 18,345,498 | $ | 17,378,628 | 6 | % | ||||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||
| Liabilities: | ||||||||||||
| Deposits: | ||||||||||||
| Non-interest-bearing demand | $ | 2,995,402 | $ | 2,632,058 | 14 | % | ||||||
| Interest-bearing | 11,553,328 | 11,230,261 | 3 | % | ||||||||
| Total deposits | 14,548,730 | 13,862,319 | 5 | % | ||||||||
| Federal funds purchased | 1,579,388 | 1,599,135 | (1 | ) | % | |||||||
| Other borrowings | 34,750 | 64,747 | (46 | ) | % | |||||||
| Other liabilities | 204,212 | 130,644 | 56 | % | ||||||||
| Total liabilities | 16,367,080 | 15,656,845 | 5 | % | ||||||||
| Stockholders' equity: | ||||||||||||
| Preferred stock, par value | ||||||||||||
| June 30, 2026 and June 30, 2025 | - | - | - | % | ||||||||
| Common stock, par value | ||||||||||||
| issued and outstanding at June 30, 2026, and 54,618,545 | ||||||||||||
| shares issued and outstanding at June 30, 2025 | 55 | 54 | 2 | % | ||||||||
| Additional paid-in capital | 239,317 | 236,716 | 1 | % | ||||||||
| Retained earnings | 1,741,070 | 1,500,767 | 16 | % | ||||||||
| Accumulated other comprehensive loss | (2,524 | ) | (16,254 | ) | (84 | ) | % | |||||
| Total stockholders' equity attributable to ServisFirst Bancshares, Inc. | 1,977,918 | 1,721,283 | 15 | % | ||||||||
| Noncontrolling interest | 500 | 500 | - | % | ||||||||
| Total stockholders' equity | 1,978,418 | 1,721,783 | 15 | % | ||||||||
| Total liabilities and stockholders' equity | $ | 18,345,498 | $ | 17,378,628 | 6 | % | ||||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | ||||||||||||||||
| (In thousands except per share data) | ||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Interest income: | ||||||||||||||||
| Interest and fees on loans | $ | 220,731 | $ | 206,521 | $ | 430,797 | $ | 403,457 | ||||||||
| Investment securities | 15,827 | 16,567 | 31,926 | 32,596 | ||||||||||||
| Federal funds sold and securities purchased with agreement to resell | 4,146 | 1,592 | 9,707 | 1,612 | ||||||||||||
| Other interest and dividends | 9,176 | 21,955 | 18,930 | 50,066 | ||||||||||||
| Total interest income | 249,880 | 246,635 | 491,360 | 487,731 | ||||||||||||
| Interest expense: | ||||||||||||||||
| Deposits | 79,440 | 93,488 | 157,725 | 188,233 | ||||||||||||
| Borrowed funds | 14,803 | 21,460 | 29,850 | 44,258 | ||||||||||||
| Total interest expense | 94,243 | 114,948 | 187,575 | 232,491 | ||||||||||||
| Net interest income | 155,637 | 131,687 | 303,785 | 255,240 | ||||||||||||
| Provision for credit losses | 11,412 | 11,296 | 22,049 | 17,926 | ||||||||||||
| Net interest income after provision for credit losses | 144,225 | 120,391 | 281,736 | 237,314 | ||||||||||||
| Non-interest income: | ||||||||||||||||
| Service charges on deposit accounts | 3,338 | 2,671 | 6,634 | 5,229 | ||||||||||||
| Mortgage banking | 2,221 | 1,323 | 4,113 | 1,936 | ||||||||||||
| Credit card income | 2,492 | 2,119 | 4,694 | 4,087 | ||||||||||||
| Securities losses | - | (8,563 | ) | - | (8,563 | ) | ||||||||||
| Bank-owned life insurance income | 4,133 | 2,126 | 6,955 | 4,263 | ||||||||||||
| Other operating income | 708 | 745 | 1,336 | 1,746 | ||||||||||||
| Total non-interest income | 12,892 | 421 | 23,732 | 8,698 | ||||||||||||
| Non-interest expenses: | ||||||||||||||||
| Salaries and employee benefits | 26,274 | 22,576 | 53,127 | 45,455 | ||||||||||||
| Equipment and occupancy expense | 3,963 | 3,523 | 7,911 | 7,245 | ||||||||||||
| Third party processing and other services | 7,962 | 8,005 | 15,487 | 15,743 | ||||||||||||
| Professional services | 2,227 | 1,904 | 4,170 | 3,837 | ||||||||||||
| FDIC and other regulatory assessments | 2,753 | 2,753 | 4,260 | 5,607 | ||||||||||||
| Other real estate owned expense | 75 | 27 | 95 | 60 | ||||||||||||
| Other operating expenses | 6,707 | 5,416 | 12,295 | 12,364 | ||||||||||||
| Total non-interest expenses | 49,961 | 44,204 | 97,345 | 90,311 | ||||||||||||
| Income before income taxes | 107,156 | 76,608 | 208,123 | 155,701 | ||||||||||||
| Provision for income taxes | 21,363 | 15,184 | 39,359 | 31,053 | ||||||||||||
| Net income | 85,793 | 61,424 | 168,764 | 124,648 | ||||||||||||
| Dividends on preferred stock | 31 | 31 | 31 | 31 | ||||||||||||
| Net income available to common stockholders | $ | 85,762 | $ | 61,393 | $ | 168,733 | $ | 124,617 | ||||||||
| Basic earnings per common share | $ | 1.57 | $ | 1.12 | $ | 3.09 | $ | 2.28 | ||||||||
| Diluted earnings per common share | $ | 1.57 | $ | 1.12 | $ | 3.09 | $ | 2.28 | ||||||||
| LOANS BY TYPE (UNAUDITED) | |||||||||||||||
| (In thousands) | |||||||||||||||
| 2nd Quarter 2026 | 1st Quarter 2026 | 4th Quarter 2025 | 3rd Quarter 2025 | 2nd Quarter 2025 | |||||||||||
| Commercial, financial and agricultural | $ | 3,252,437 | $ | 3,189,704 | $ | 3,146,736 | $ | 2,945,784 | $ | 2,966,191 | |||||
| Real estate - construction | 1,564,504 | 1,531,042 | 1,457,628 | 1,532,285 | 1,735,405 | ||||||||||
| Real estate - mortgage: | |||||||||||||||
| Owner-occupied commercial | 2,781,375 | 2,718,512 | 2,739,823 | 2,680,055 | 2,557,711 | ||||||||||
| 1-4 family mortgage | 1,685,723 | 1,695,140 | 1,671,713 | 1,625,296 | 1,561,461 | ||||||||||
| Non-owner occupied commercial | 5,123,635 | 4,739,642 | 4,603,389 | 4,448,710 | 4,338,697 | ||||||||||
| Subtotal: Real estate - mortgage | 9,590,733 | 9,153,294 | 9,014,925 | 8,754,061 | 8,457,869 | ||||||||||
| Consumer | 70,815 | 71,873 | 77,623 | 79,837 | 73,095 | ||||||||||
| Total loans | $ | 14,478,489 | $ | 13,945,913 | $ | 13,696,912 | $ | 13,311,967 | $ | 13,232,560 | |||||
| SUMMARY OF CREDIT LOSS EXPERIENCE (UNAUDITED) | |||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||
| 2nd Quarter 2026 | 1st Quarter 2026 | 4th Quarter 2025 | 3rd Quarter 2025 | 2nd Quarter 2025 | |||||||||||||||
| Allowance for credit losses: | |||||||||||||||||||
| Beginning balance | $ | 173,905 | $ | 171,683 | $ | 170,235 | $ | 169,959 | $ | 165,034 | |||||||||
| Loans charged off: | |||||||||||||||||||
| Commercial, financial and agricultural | 4,074 | 8,291 | 7,695 | 7,947 | 6,849 | ||||||||||||||
| Real estate - construction | 711 | - | - | - | - | ||||||||||||||
| Real estate - mortgage | 5 | 91 | 64 | 1,294 | 580 | ||||||||||||||
| Consumer | 79 | 171 | 465 | 109 | 73 | ||||||||||||||
| Total charge offs | 4,869 | 8,553 | 8,224 | 9,350 | 7,502 | ||||||||||||||
| Recoveries: | |||||||||||||||||||
| Commercial, financial and agricultural | 667 | 178 | 1,532 | 237 | 959 | ||||||||||||||
| Real estate - construction | - | - | - | 30 | - | ||||||||||||||
| Real estate - mortgage | 396 | - | - | - | 1 | ||||||||||||||
| Consumer | 59 | 35 | 10 | 21 | 58 | ||||||||||||||
| Total recoveries | 1,122 | 213 | 1,542 | 288 | 1,018 | ||||||||||||||
| Net charge-offs | 3,747 | 8,340 | 6,682 | 9,062 | 6,484 | ||||||||||||||
| Provision for loan losses | 11,695 | 10,562 | 8,130 | 9,338 | 11,409 | ||||||||||||||
| Ending balance | $ | 181,853 | $ | 173,905 | $ | 171,683 | $ | 170,235 | $ | 169,959 | |||||||||
| Allowance for credit losses to total loans | 1.26 | % | 1.25 | % | 1.25 | % | 1.28 | % | 1.28 | % | |||||||||
| Allowance for credit losses to total average loans | 1.28 | % | 1.26 | % | 1.27 | % | 1.29 | % | 1.31 | % | |||||||||
| Net charge-offs to total average loans | 0.11 | % | 0.25 | % | 0.20 | % | 0.27 | % | 0.20 | % | |||||||||
| Provision for credit losses to total average loans | 0.33 | % | 0.31 | % | 0.24 | % | 0.28 | % | 0.35 | % | |||||||||
| Nonperforming assets: | |||||||||||||||||||
| Nonaccrual loans | $ | 169,711 | $ | 176,613 | $ | 168,351 | $ | 166,662 | $ | 68,619 | |||||||||
| Loans 90+ days past due and accruing | 1,242 | 1,274 | 478 | 965 | 3,549 | ||||||||||||||
| Other real estate owned and | |||||||||||||||||||
| repossessed assets | 4,834 | 3,072 | 2,583 | 611 | 311 | ||||||||||||||
| Total | $ | 175,787 | $ | 180,959 | $ | 171,412 | $ | 168,238 | $ | 72,479 | |||||||||
| Nonperforming loans to total loans | 1.18 | % | 1.28 | % | 1.23 | % | 1.26 | % | 0.55 | % | |||||||||
| Nonperforming assets to total assets | 0.96 | % | 1.00 | % | 0.97 | % | 0.96 | % | 0.42 | % | |||||||||
| Nonperforming assets to earning assets | 0.99 | % | 1.05 | % | 1.01 | % | 1.00 | % | 0.43 | % | |||||||||
| Allowance for credit losses to nonaccrual loans | 107.15 | % | 98.47 | % | 101.98 | % | 102.14 | % | 247.69 | % | |||||||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | |||||||||||||||||
| (In thousands except per share data) | |||||||||||||||||
| 2nd Quarter 2026 | 1st Quarter 2026 | 4th Quarter 2025 | 3rd Quarter 2025 | 2nd Quarter 2025 | |||||||||||||
| Interest income: | |||||||||||||||||
| Interest and fees on loans | $ | 220,731 | $ | 210,066 | $ | 214,252 | $ | 210,987 | $ | 206,521 | |||||||
| Investment securities | 15,827 | 16,099 | 17,204 | 17,343 | 16,567 | ||||||||||||
| Federal funds sold and securities purchased with agreement to resell | 4,146 | 5,561 | 5,671 | 4,724 | 1,592 | ||||||||||||
| Other interest and dividends | 9,176 | 9,754 | 14,261 | 18,254 | 21,955 | ||||||||||||
| Total interest income | 249,880 | 241,480 | 251,388 | 251,308 | 246,635 | ||||||||||||
| Interest expense: | |||||||||||||||||
| Deposits | 79,440 | 78,285 | 86,920 | 98,735 | 93,488 | ||||||||||||
| Borrowed funds | 14,803 | 15,047 | 17,947 | 19,125 | 21,460 | ||||||||||||
| Total interest expense | 94,243 | 93,332 | 104,867 | 117,860 | 114,948 | ||||||||||||
| Net interest income | 155,637 | 148,148 | 146,521 | 133,448 | 131,687 | ||||||||||||
| Provision for credit losses | 11,412 | 10,637 | 7,922 | 9,463 | 11,296 | ||||||||||||
| Net interest income after provision for credit losses | 144,225 | 137,511 | 138,599 | 123,985 | 120,391 | ||||||||||||
| Non-interest income: | |||||||||||||||||
| Service charges on deposit accounts | 3,338 | 3,296 | 3,339 | 3,316 | 2,671 | ||||||||||||
| Mortgage banking | 2,221 | 1,892 | 1,664 | 1,864 | 1,323 | ||||||||||||
| Credit card income | 2,492 | 2,202 | 1,835 | 2,405 | 2,119 | ||||||||||||
| Securities losses | - | - | - | (7,812 | ) | (8,563 | ) | ||||||||||
| Bank-owned life insurance income | 4,133 | 2,822 | 8,149 | 2,405 | 2,126 | ||||||||||||
| Other operating income | 708 | 628 | 704 | 655 | 745 | ||||||||||||
| Total non-interest income | 12,892 | 10,840 | 15,691 | 2,833 | 421 | ||||||||||||
| Non-interest expenses: | |||||||||||||||||
| Salaries and employee benefits | 26,274 | 26,853 | 23,838 | 25,522 | 22,576 | ||||||||||||
| Equipment and occupancy expense | 3,963 | 3,948 | 3,737 | 3,615 | 3,523 | ||||||||||||
| Third party processing and other services | 7,962 | 7,525 | 7,779 | 8,095 | 8,005 | ||||||||||||
| Professional services | 2,227 | 1,943 | 1,481 | 1,857 | 1,904 | ||||||||||||
| FDIC and other regulatory assessments | 2,753 | 2,745 | 2,641 | 2,742 | 2,753 | ||||||||||||
| Other real estate owned expense | 75 | 20 | 13 | 82 | 27 | ||||||||||||
| Other operating expenses | 6,707 | 4,350 | 7,194 | 6,083 | 5,416 | ||||||||||||
| Total non-interest expenses | 49,961 | 47,384 | 46,683 | 47,996 | 44,204 | ||||||||||||
| Income before income taxes | 107,156 | 100,967 | 107,607 | 78,822 | 76,608 | ||||||||||||
| Provision for income taxes | 21,363 | 17,996 | 21,223 | 13,251 | 15,184 | ||||||||||||
| Net income | 85,793 | 82,971 | 86,384 | 65,571 | 61,424 | ||||||||||||
| Dividends on preferred stock | 31 | - | 31 | - | 31 | ||||||||||||
| Net income available to common stockholders | $ | 85,762 | $ | 82,971 | $ | 86,353 | $ | 65,571 | $ | 61,393 | |||||||
| Basic earnings per common share | $ | 1.57 | $ | 1.52 | $ | 1.58 | $ | 1.20 | $ | 1.12 | |||||||
| Diluted earnings per common share | $ | 1.57 | $ | 1.52 | $ | 1.58 | $ | 1.20 | $ | 1.12 | |||||||
| AVERAGE BALANCE SHEETS AND NET INTEREST ANALYSIS (UNAUDITED) | |||||||||||||||||||||||||||||||||||
| ON A FULLY TAXABLE-EQUIVALENT BASIS | |||||||||||||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||||||||
| 2nd Quarter 2026 | 1st Quarter 2026 | 4th Quarter 2025 | 3rd Quarter 2025 | 2nd Quarter 2025 | |||||||||||||||||||||||||||||||
| Average Balance | Yield / Rate | Average Balance | Yield / Rate | Average Balance | Yield / Rate | Average Balance | Yield / Rate | Average Balance | Yield / Rate | ||||||||||||||||||||||||||
| Assets: | |||||||||||||||||||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||||||||||||||||||
| Loans, net of unearned income (1) | |||||||||||||||||||||||||||||||||||
| Taxable | $ | 14,198,439 | 6.18 | % | $ | 13,751,447 | 6.18 | % | $ | 13,474,271 | 6.30 | % | $ | 13,175,297 | 6.34 | % | $ | 12,979,759 | 6.37 | % | |||||||||||||||
| Tax-exempt (2) | 26,082 | 37.03 | 32,976 | 5.82 | 30,670 | 5.52 | 30,478 | 5.47 | 30,346 | 5.51 | |||||||||||||||||||||||||
| Total loans, net of unearned | |||||||||||||||||||||||||||||||||||
| income | 14,224,521 | 6.23 | 13,784,423 | 6.18 | 13,504,941 | 6.29 | 13,205,775 | 6.34 | 13,010,105 | 6.37 | |||||||||||||||||||||||||
| Mortgage loans held for sale | 13,327 | 5.30 | 10,680 | 4.40 | 9,887 | 4.49 | 11,351 | 4.82 | 11,739 | 5.23 | |||||||||||||||||||||||||
| Debt securities: | |||||||||||||||||||||||||||||||||||
| Taxable | 1,659,147 | 3.81 | 1,702,499 | 3.78 | 1,826,632 | 3.77 | 1,926,101 | 3.60 | 1,965,089 | 3.37 | |||||||||||||||||||||||||
| Tax-exempt (2) | 444 | 5.41 | 444 | 5.41 | 444 | 5.41 | 444 | 5.41 | 492 | 4.88 | |||||||||||||||||||||||||
| Total securities (3) | 1,659,591 | 3.81 | 1,702,943 | 3.78 | 1,827,076 | 3.77 | 1,926,545 | 3.60 | 1,965,581 | 3.37 | |||||||||||||||||||||||||
| Federal funds sold and securities | |||||||||||||||||||||||||||||||||||
| purchased with agreement to resell | 372,645 | 4.46 | 501,377 | 4.50 | 469,148 | 4.79 | 365,733 | 5.12 | 124,303 | 5.14 | |||||||||||||||||||||||||
| Restricted equity securities | 12,456 | 6.41 | 12,228 | 6.17 | 12,193 | 6.61 | 12,167 | 6.36 | 12,146 | 6.64 | |||||||||||||||||||||||||
| Interest-bearing balances with banks | 964,808 | 3.73 | 1,041,026 | 3.73 | 1,393,155 | 4.00 | 1,608,118 | 4.45 | 1,952,479 | 4.47 | |||||||||||||||||||||||||
| Total interest-earning assets | $ | 17,247,348 | 5.82 | % | $ | 17,052,677 | 5.75 | % | $ | 17,216,400 | 5.79 | % | $ | 17,129,689 | 5.82 | % | $ | 17,076,353 | 5.80 | % | |||||||||||||||
| Non-interest-earning assets: | |||||||||||||||||||||||||||||||||||
| Cash and due from banks | 96,648 | 103,847 | 102,066 | 103,470 | 109,506 | ||||||||||||||||||||||||||||||
| Net premises and equipment | 63,303 | 61,253 | 61,009 | 60,614 | 59,944 | ||||||||||||||||||||||||||||||
| Allowance for credit losses, accrued | |||||||||||||||||||||||||||||||||||
| interest and other assets | 606,506 | 552,337 | 556,704 | 415,586 | 380,700 | ||||||||||||||||||||||||||||||
| Total assets | $ | 18,013,805 | $ | 17,770,114 | $ | 17,936,179 | $ | 17,709,359 | $ | 17,626,503 | |||||||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||
| Interest-bearing deposits: | |||||||||||||||||||||||||||||||||||
| Checking | $ | 2,050,758 | 1.69 | % | $ | 2,101,953 | 1.60 | % | $ | 2,126,615 | 1.77 | % | $ | 2,069,440 | 2.16 | % | $ | 2,222,000 | 1.78 | % | |||||||||||||||
| Savings | 112,077 | 1.41 | 110,843 | 1.42 | 106,551 | 1.52 | 103,668 | 1.66 | 101,506 | 1.63 | |||||||||||||||||||||||||
| Money market | 7,956,884 | 3.03 | 7,812,168 | 3.01 | 7,816,487 | 3.23 | 7,965,115 | 3.67 | 7,616,747 | 3.67 | |||||||||||||||||||||||||
| Time deposits | 1,274,496 | 3.26 | 1,373,023 | 3.42 | 1,392,749 | 3.80 | 1,344,257 | 3.97 | 1,321,404 | 4.09 | |||||||||||||||||||||||||
| Total interest-bearing deposits | 11,394,215 | 2.80 | 11,397,987 | 2.79 | 11,442,402 | 3.01 | 11,482,480 | 3.41 | 11,261,657 | 3.33 | |||||||||||||||||||||||||
| Federal funds purchased | 1,549,520 | 3.74 | 1,593,215 | 3.74 | 1,712,399 | 4.01 | 1,640,377 | 4.46 | 1,855,860 | 4.49 | |||||||||||||||||||||||||
| Other borrowings | 34,750 | 4.02 | 34,750 | 4.05 | 59,207 | 4.21 | 64,761 | 4.21 | 64,750 | 4.26 | |||||||||||||||||||||||||
| Total interest-bearing liabilities | $ | 12,978,485 | 2.91 | % | $ | 13,025,952 | 2.91 | % | $ | 13,214,008 | 3.15 | % | $ | 13,187,618 | 3.55 | % | $ | 13,182,267 | 3.50 | % | |||||||||||||||
| Non-interest-bearing liabilities: | |||||||||||||||||||||||||||||||||||
| Non-interest-bearing | |||||||||||||||||||||||||||||||||||
| checking | 2,923,956 | 2,728,354 | 2,768,495 | 2,651,043 | 2,633,552 | ||||||||||||||||||||||||||||||
| Other liabilities | 168,793 | 137,231 | 143,680 | 122,873 | 119,829 | ||||||||||||||||||||||||||||||
| Stockholders' equity | 1,944,735 | 1,879,072 | 1,813,097 | 1,762,980 | 1,716,232 | ||||||||||||||||||||||||||||||
| Accumulated other comprehensive | |||||||||||||||||||||||||||||||||||
| loss | (2,164 | ) | (495 | ) | (3,101 | ) | (15,155 | ) | (25,377 | ) | |||||||||||||||||||||||||
| Total liabilities and | |||||||||||||||||||||||||||||||||||
| stockholders' equity | $ | 18,013,805 | $ | 17,770,114 | $ | 17,936,179 | $ | 17,709,359 | $ | 17,626,503 | |||||||||||||||||||||||||
| Net interest spread | 2.91 | % | 2.84 | % | 2.64 | % | 2.27 | % | 2.30 | % | |||||||||||||||||||||||||
| Net interest margin | 3.63 | % | 3.53 | % | 3.38 | % | 3.09 | % | 3.10 | % | |||||||||||||||||||||||||
| (1) Average loans include nonaccrual loans in all periods. Loan fees of | |||||||||||||||||||||||||||||||||||
| (2) Interest income and yields are presented on a fully taxable equivalent basis using a tax rate of | |||||||||||||||||||||||||||||||||||
| (3) Unrealized losses on debt securities of | |||||||||||||||||||||||||||||||||||
Contact: ServisFirst Bank Davis Mange (205) 949-3420 dmange@servisfirstbank.com