ServisFirst Bancshares (SFBS) Financials

$78.66 -1.48 (-1.85%)

As of 12:35 PM Eastern

Annual Income Statements for ServisFirst Bancshares

This table shows ServisFirst Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	63	81	93	137	149	170	208	251	207	227
Consolidated Net Income / (Loss)	64	81	93	137	149	170	208	252	207	227
Net Income / (Loss) Continuing Operations	64	81	93	137	149	170	208	252	207	227
Total Pre-Tax Income	89	111	137	169	187	214	253	309	245	279
Total Revenue	176	204	245	282	312	368	418	504	441	482
Net Interest Income / (Expense)	162	187	227	263	288	338	385	471	411	447
Total Interest Income	180	213	263	327	391	389	416	559	813	946
Loans and Leases Interest Income	171	200	247	305	354	363	386	500	699	788
Investment Securities Interest Income	7.83	8.64	12	15	18	23	26	41	54	67
Federal Funds Sold and Securities Borrowed Interest Income	0.13	1.01	1.69	3.10	6.04	0.33	0.03	1.56	2.84	1.13
Other Interest Income	0.72	2.79	2.32	3.09	12	3.17	4.84	17	58	90
Total Interest Expense	18	26	35	64	103	51	32	88	402	499
Deposits Interest Expense	15	20	29	56	91	45	27	59	332	421
Long-Term Debt Interest Expense	2.81	5.64	6.50	8.45	12	5.76	5.23	29	71	79
Total Non-Interest Income	14	17	17	19	24	30	33	33	30	35
Other Service Charges	11	2.69	1.10	16	1.74	24	4.66	33	23	26
Net Realized & Unrealized Capital Gains on Investments	0.03	-0.00	0.00	0.19	0.03	0.00	0.62	-6.17	0.00	0.00
Other Non-Interest Income	2.62	14	16	3.13	22	6.31	28	6.48	7.57	9.53
Provision for Credit Losses	13	13	23	21	23	42	32	38	19	22
Total Non-Interest Expense	74	80	84	92	102	112	133	158	178	181
Salaries and Employee Benefits	39	44	48	52	58	61	68	78	81	96
Net Occupancy & Equipment Expense	6.39	7.99	8.02	17	21	24	28	40	42	46
Other Operating Expenses	27	28	29	23	24	26	38	40	55	39
Income Tax Expense	25	29	44	32	38	45	46	57	38	52
Preferred Stock Dividends Declared	0.28	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06
Basic Earnings per Share	$1.23	$1.55	$1.76	$2.57	$2.79	$3.15	$3.83	$4.63	$3.80	$4.17
Weighted Average Basic Shares Outstanding	51.43M	52.45M	52.89M	53.48M	53.70M	54.09M	54.27M	54.40M	54.49M	54.58M
Diluted Earnings per Share	$1.20	$1.52	$1.72	$2.53	$2.76	$3.13	$3.82	$4.61	$3.79	$4.16
Weighted Average Diluted Shares Outstanding	51.43M	52.45M	52.89M	53.48M	53.70M	54.09M	54.27M	54.40M	54.49M	54.58M
Weighted Average Basic & Diluted Shares Outstanding	51.43M	52.45M	52.89M	53.48M	53.70M	54.09M	54.27M	54.40M	54.49M	54.58M
Cash Dividends to Common per Share	-	$0.12	$0.15	$0.33	$0.45	$0.53	$0.60	$0.69	$0.84	$0.90

This table shows ServisFirst Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	64	68	58	53	53	42	50	52	60	65	63
Consolidated Net Income / (Loss)	64	68	58	53	53	42	50	52	60	65	63
Net Income / (Loss) Continuing Operations	64	68	58	53	53	42	50	52	60	65	63
Total Pre-Tax Income	77	84	71	65	62	47	61	67	72	79	79
Total Revenue	135	129	115	110	108	109	111	115	124	132	132
Net Interest Income / (Expense)	126	122	108	101	100	102	102	106	115	123	124
Total Interest Income	149	170	181	190	213	229	227	228	248	244	241
Loans and Leases Interest Income	131	154	164	172	179	185	187	194	206	201	197
Investment Securities Interest Income	11	11	11	12	16	16	16	16	18	17	16
Federal Funds Sold and Securities Borrowed Interest Income	0.63	0.82	0.61	0.23	0.99	1.02	0.54	0.54	0.03	0.02	0.02
Other Interest Income	6.17	4.61	6.06	6.12	18	28	23	17	24	26	28
Total Interest Expense	23	48	73	88	114	127	124	122	133	121	118
Deposits Interest Expense	14	33	56	72	96	108	104	105	113	99	95
Long-Term Debt Interest Expense	9.23	14	17	16	18	19	20	17	20	22	23
Total Non-Interest Income	8.94	6.97	6.32	8.58	8.14	7.38	8.81	8.89	8.55	8.80	8.28
Other Service Charges	7.30	7.47	0.64	0.84	0.80	21	5.58	0.83	0.82	18	6.14
Other Non-Interest Income	1.64	-0.50	5.69	2.50	7.34	-7.95	3.23	2.06	7.73	-3.49	2.14
Provision for Credit Losses	16	7.14	4.20	6.65	4.28	3.58	4.37	5.35	5.66	6.21	6.63
Total Non-Interest Expense	43	38	40	38	42	58	46	43	46	46	46
Salaries and Employee Benefits	20	19	19	19	20	23	23	24	25	24	23
Net Occupancy & Equipment Expense	10	11	11	9.62	10	12	11	11	12	12	11
Other Operating Expenses	13	7.43	9.88	10	11	24	13	7.57	8.75	10	12
Income Tax Expense	13	16	13	11	8.55	5.15	11	14	12	14	16
Preferred Stock Dividends Declared	0.00	0.03	0.00	0.03	0.00	0.03	0.00	0.03	0.00	0.03	0.00
Basic Earnings per Share	$1.18	$1.25	$1.07	$0.98	$0.98	$0.77	$0.92	$0.96	$1.10	$1.19	$1.16
Weighted Average Basic Shares Outstanding	-	54.40M	54.28M	54.42M	54.44M	54.49M	54.51M	54.53M	54.55M	54.58M	54.61M
Diluted Earnings per Share	$1.17	$1.24	$1.06	$0.98	$0.98	$0.77	$0.92	$0.95	$1.10	$1.19	$1.16
Weighted Average Diluted Shares Outstanding	-	54.40M	54.28M	54.42M	54.44M	54.49M	54.51M	54.53M	54.55M	54.58M	54.61M
Weighted Average Basic & Diluted Shares Outstanding	-	54.40M	54.28M	54.42M	54.44M	54.49M	54.51M	54.53M	54.55M	54.58M	54.61M
Cash Dividends to Common per Share	$0.23	-	$0.28	$0.28	$0.28	-	$0.30	$0.30	$0.30	-	$0.34

This table details how cash moves in and out of ServisFirst Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	55	432	-306	204	-51	1,581	2,011	-3,406	1,315	246
Net Cash From Operating Activities	76	99	118	168	164	191	266	273	197	253
Net Cash From Continuing Operating Activities	76	99	118	168	164	191	266	273	197	253
Net Income / (Loss) Continuing Operations	64	81	93	137	149	170	208	252	207	227
Consolidated Net Income / (Loss)	64	81	93	137	149	170	208	252	207	227
Provision For Loan Losses	13	13	23	21	23	42	32	38	19	22
Depreciation Expense	2.22	2.72	2.57	3.38	3.68	3.83	4.12	4.10	4.44	4.79
Amortization Expense	5.09	4.53	4.30	3.11	3.37	5.88	15	2.60	14	-0.20
Non-Cash Adjustments to Reconcile Net Income	-9.55	0.06	12	-12	-9.86	-21	11	11	-8.22	1.68
Changes in Operating Assets and Liabilities, net	2.12	-3.67	-17	15	-4.79	-9.36	-2.84	-34	-39	-2.18
Net Cash From Investing Activities	-749	-862	-1,042	-754	-988	-1,411	-1,561	-2,642	-200	-949
Net Cash From Continuing Investing Activities	-749	-862	-1,042	-754	-988	-1,411	-1,561	-2,642	-200	-949
Purchase of Property, Leasehold Improvements and Equipment	-5.54	-22	-21	-2.30	-2.36	-2.31	-9.45	-3.65	-3.91	-4.65
Purchase of Investment Securities	-813	-920	-1,117	-854	-1,124	-1,633	-1,831	-2,910	-1,090	-2,165
Sale and/or Maturity of Investments	69	80	96	101	138	224	280	271	893	1,221
Net Cash From Financing Activities	728	1,195	617	790	773	2,801	3,305	-1,036	1,318	941
Net Cash From Continuing Financing Activities	728	1,195	617	790	773	2,801	3,305	-1,036	1,318	941
Net Change in Deposits	650	1,196	671	824	615	2,445	2,477	-906	1,727	270
Issuance of Debt	35	0.00	30	0.00	0.00	35	0.00	0.00	300	0.00
Repayment of Debt	-0.30	-0.40	-20	-0.20	0.00	-35	0.00	0.00	-300	0.00
Payment of Dividends	-6.16	-7.91	-10	-20	-24	-28	-33	-38	-46	-65
Other Financing Activities, Net	90	6.77	-54	-13	182	384	861	-93	-363	737
Cash Interest Paid	17	24	35	59	102	51	31	83	393	499
Cash Income Taxes Paid	27	31	43	31	42	51	57	69	54	45

This table details how cash moves in and out of ServisFirst Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-1,200	328	55	107	1,087	66	-680	-174	483	616	973
Net Cash From Operating Activities	71	76	55	38	13	91	53	48	84	67	48
Net Cash From Continuing Operating Activities	71	76	55	38	13	91	53	48	84	67	48
Net Income / (Loss) Continuing Operations	64	68	58	53	53	42	50	52	60	65	63
Consolidated Net Income / (Loss)	64	68	58	53	53	42	50	52	60	65	63
Provision For Loan Losses	16	7.14	4.20	6.65	4.28	3.58	4.37	5.35	6.16	5.70	6.63
Depreciation Expense	1.06	0.95	1.07	1.07	1.10	1.20	1.10	1.14	1.46	1.09	1.22
Amortization Expense	0.29	0.23	0.13	6.64	-6.54	14	2.64	-2.95	7.00	-6.89	2.90
Non-Cash Adjustments to Reconcile Net Income	3.64	1.20	2.59	-6.88	0.06	-3.99	-2.21	1.29	-4.90	7.49	-3.26
Changes in Operating Assets and Liabilities, net	-14	-1.29	-11	-23	-40	34	-2.45	-8.72	14	-5.40	-23
Net Cash From Investing Activities	-628	-383	86	-407	148	-28	-284	-466	83	-282	-306
Net Cash From Continuing Investing Activities	-628	-383	86	-407	148	-28	-284	-466	83	-282	-306
Purchase of Property, Leasehold Improvements and Equipment	-0.66	-1.72	-1.31	-0.63	-0.96	-1.00	-1.08	-1.04	-3.58	1.05	-1.47
Purchase of Investment Securities	-679	-415	43	-447	-288	-398	-433	-944	-12	-777	-402
Sale and/or Maturity of Investments	52	34	44	41	438	371	150	479	98	494	97
Net Cash From Financing Activities	-643	635	-86	476	926	2.44	-450	243	316	831	1,231
Net Cash From Continuing Financing Activities	-643	635	-86	476	926	2.44	-450	243	316	831	1,231
Net Change in Deposits	-720	495	69	673	854	131	-522	508	-113	397	886
Payment of Dividends	0.08	-13	-15	-15	-0.03	-15	-16	-16	-16	-16	-18
Other Financing Activities, Net	77	153	-140	-182	72	-113	89	-248	446	451	364
Cash Interest Paid	29	44	71	86	112	125	125	123	132	119	117
Cash Income Taxes Paid	19	13	1.92	45	7.02	-	6.98	20	6.43	11	3.13

This table presents ServisFirst Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	5,096	6,370	7,082	8,007	8,948	11,933	15,449	14,596	16,130	17,352
Cash and Due from Banks	47	57	86	98	79	94	57	106	123	116
Restricted Cash	4.95	1.02	-	-	-	0.00	-	7.73	10	11
Federal Funds Sold	35	160	240	224	100	1.77	58	1.52	101	1.05
Interest Bearing Deposits at Other Banks	271	567	152	361	452	2,116	4,107	708	1,907	2,259
Trading Account Securities	370	485	539	590	760	887	1,306	1,679	1,883	1,876
Loans and Leases, Net of Allowance	4,173	4,860	5,792	6,465	7,185	8,378	9,416	11,542	11,506	12,441
Loans and Leases	4,216	4,912	5,851	6,533	7,261	8,466	9,533	11,688	11,659	12,606
Allowance for Loan and Lease Losses	43	52	59	69	77	88	117	146	153	164
Loans Held for Sale	8.25	4.68	4.46	0.12	6.31	14	1.11	1.61	5.07	9.21
Accrued Investment Income	14	16	21	24	26	37	35	48	59	63
Premises and Equipment, Net	19	40	59	58	56	55	60	60	59	59
Goodwill	-	-	-	-	-	-	-	14	14	14
Other Assets	138	165	175	174	269	336	395	428	463	501
Total Liabilities & Shareholders' Equity	5,096	6,370	7,082	8,007	8,948	11,933	15,449	14,596	16,130	17,352
Total Liabilities	4,646	5,848	6,475	7,292	8,105	10,940	14,297	13,298	14,689	15,735
Non-Interest Bearing Deposits	1,053	1,282	1,440	1,557	1,750	2,789	4,800	3,321	2,643	2,620
Interest Bearing Deposits	3,170	4,139	4,651	5,358	5,781	7,187	7,653	8,225	10,630	10,924
Federal Funds Purchased and Securities Sold	352	356	302	289	471	852	1,712	1,619	1,257	1,994
Long-Term Debt	56	55	65	-	-	-	-	-	-	65
Other Long-Term Liabilities	12	12	12	13	27	48	54	68	94	133
Total Equity & Noncontrolling Interests	449	523	608	715	843	993	1,152	1,298	1,440	1,617
Total Preferred & Common Equity	449	523	607	715	842	992	1,152	1,297	1,440	1,616
Preferred Stock	0.00	0.00	0.00	-	0.00	0.00	-	0.00	0.00	0.00
Total Common Equity	449	523	607	715	842	992	1,152	1,297	1,440	1,616
Common Stock	212	216	218	219	220	224	226	230	233	236
Retained Earnings	234	307	390	501	617	748	911	1,110	1,255	1,413
Accumulated Other Comprehensive Income / (Loss)	3.05	-0.62	-0.20	-4.74	5.75	20	14	-42	-48	-32
Noncontrolling Interest	0.38	0.38	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50

This table presents ServisFirst Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	14,567	15,073	16,044	15,722	16,050	16,449	18,637
Cash and Due from Banks	139	107	112	79	136	142	122
Restricted Cash	-	7.31	10	11	11	11	12
Federal Funds Sold	6.48	18	91	171	11	3.54	9.32
Interest Bearing Deposits at Other Banks	725	852	1,862	1,202	1,130	1,614	3,219
Trading Account Securities	1,647	2,052	1,885	1,942	1,942	1,868	1,906
Loans and Leases, Net of Allowance	0.00	11,453	11,489	11,725	12,175	12,177	12,722
Loans and Leases	-	11,605	11,641	11,881	12,333	12,338	12,887
Allowance for Loan and Lease Losses	-	152	152	156	158	161	165
Loans Held for Sale	1.65	-	-	7.59	11	8.45	11
Accrued Investment Income	51	50	57	61	63	62	70
Premises and Equipment, Net	60	60	60	59	59	61	59
Goodwill	-	-	14	14	14	14	14
Other Assets	442	460	465	451	498	488	493
Total Liabilities & Shareholders' Equity	14,567	15,073	16,044	15,722	16,050	16,449	18,637
Total Liabilities	13,227	13,709	14,643	14,246	14,539	14,879	16,968
Non-Interest Bearing Deposits	2,899	2,855	2,621	2,628	2,475	2,576	2,648
Interest Bearing Deposits	8,717	9,433	10,521	10,124	10,784	10,570	11,781
Federal Funds Purchased and Securities Sold	1,480	1,298	1,370	1,345	1,097	1,543	2,358
Short-Term Debt	65	-	-	-	65	65	65
Other Long-Term Liabilities	45	58	66	84	118	125	116
Total Equity & Noncontrolling Interests	1,340	1,363	1,401	1,476	1,511	1,570	1,669
Total Preferred & Common Equity	1,339	1,363	1,401	1,476	1,510	1,570	1,668
Preferred Stock	-	0.00	0.00	0.00	-	0.00	0.00
Total Common Equity	1,339	1,363	1,401	1,476	1,510	1,570	1,668
Common Stock	230	231	232	234	235	236	236
Retained Earnings	1,153	1,191	1,229	1,289	1,322	1,366	1,458
Accumulated Other Comprehensive Income / (Loss)	-43	-59	-60	-47	-47	-32	-25
Noncontrolling Interest	0.50	0.50	0.50	0.50	0.50	0.50	0.50

This table displays calculated financial ratios and metrics derived from ServisFirst Bancshares' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.21%	16.07%	19.93%	15.25%	10.46%	18.14%	13.53%	20.65%	-12.47%	9.14%
EBITDA Growth	21.82%	22.59%	22.14%	21.58%	10.59%	15.48%	21.65%	15.83%	-16.51%	7.65%
EBIT Growth	20.31%	24.51%	23.94%	22.93%	10.67%	14.63%	18.27%	21.90%	-20.80%	14.06%
NOPAT Growth	21.31%	28.23%	14.25%	47.10%	8.98%	13.62%	22.51%	21.07%	-17.75%	9.86%
Net Income Growth	21.31%	28.23%	14.25%	47.10%	8.98%	13.62%	22.51%	21.07%	-17.75%	9.86%
EPS Growth	21.31%	26.67%	13.16%	47.09%	9.09%	13.41%	22.04%	20.68%	-17.79%	9.76%
Operating Cash Flow Growth	17.18%	29.18%	20.24%	42.07%	-2.39%	16.45%	39.23%	2.36%	-27.63%	28.19%
Free Cash Flow Firm Growth	75.63%	157.70%	-114.71%	2,573.34%	-26.37%	-10.92%	151.18%	117.23%	-39.08%	-20.93%
Invested Capital Growth	18.16%	14.53%	16.31%	15.98%	16.35%	16.55%	15.05%	11.99%	10.46%	11.72%
Revenue Q/Q Growth	5.51%	3.84%	4.52%	0.00%	0.00%	4.99%	2.00%	17.05%	-4.39%	4.99%
EBITDA Q/Q Growth	5.88%	3.38%	4.13%	2,589.98%	2,887.80%	7.36%	-0.87%	16.76%	-11.55%	9.81%
EBIT Q/Q Growth	3.08%	4.44%	5.34%	0.00%	0.00%	7.26%	-1.65%	18.79%	-13.11%	13.02%
NOPAT Q/Q Growth	8.02%	2.50%	-0.63%	0.00%	0.00%	6.23%	1.35%	17.58%	-11.03%	11.32%
Net Income Q/Q Growth	8.02%	2.50%	-0.63%	0.00%	0.00%	6.23%	1.35%	17.58%	-11.03%	11.32%
EPS Q/Q Growth	8.02%	-49.67%	-2.82%	0.00%	0.00%	6.10%	1.33%	17.30%	-11.03%	11.23%
Operating Cash Flow Q/Q Growth	2.24%	3.38%	8.63%	9.76%	5.92%	6.90%	-2.29%	3.18%	8.31%	-8.64%
Free Cash Flow Firm Q/Q Growth	6.27%	154.22%	-110.18%	129.22%	116.83%	-5.81%	155.22%	-93.06%	105.22%	44.23%
Invested Capital Q/Q Growth	3.67%	2.65%	4.22%	4.52%	3.67%	4.27%	-6.93%	0.00%	2.66%	2.84%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	54.77%	57.85%	58.91%	62.15%	62.22%	60.82%	65.18%	62.57%	59.69%	58.87%
EBIT Margin	50.61%	54.29%	56.11%	59.85%	59.96%	58.18%	60.62%	61.24%	55.42%	57.91%
Profit (Net Income) Margin	36.13%	39.92%	38.03%	48.54%	47.89%	46.06%	49.70%	49.88%	46.87%	47.17%
Tax Burden Percent	71.39%	73.53%	67.78%	81.11%	79.87%	79.16%	82.00%	81.44%	84.57%	81.45%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	28.61%	26.47%	32.22%	18.89%	20.13%	20.84%	18.00%	18.56%	15.43%	18.55%
Return on Invested Capital (ROIC)	13.64%	15.05%	14.89%	18.86%	17.69%	17.26%	18.27%	19.50%	14.43%	14.26%
ROIC Less NNEP Spread (ROIC-NNEP)	13.64%	15.05%	14.89%	18.86%	17.69%	17.26%	18.27%	19.50%	14.43%	14.26%
Return on Net Nonoperating Assets (RNNOA)	1.20%	1.72%	1.58%	1.85%	1.47%	1.22%	1.10%	1.03%	0.68%	0.60%
Return on Equity (ROE)	14.84%	16.76%	16.47%	20.70%	19.16%	18.48%	19.37%	20.53%	15.11%	14.87%
Cash Return on Invested Capital (CROIC)	-3.02%	1.50%	-0.19%	4.06%	2.58%	1.97%	4.27%	8.19%	4.49%	3.19%
Operating Return on Assets (OROA)	1.94%	1.93%	2.04%	2.24%	2.20%	2.05%	1.85%	2.06%	1.59%	1.67%
Return on Assets (ROA)	1.38%	1.42%	1.38%	1.82%	1.76%	1.62%	1.52%	1.67%	1.35%	1.36%
Return on Common Equity (ROCE)	14.14%	16.75%	16.46%	20.69%	19.15%	18.47%	19.36%	20.52%	15.10%	14.86%
Return on Equity Simple (ROE_SIMPLE)	14.16%	15.59%	15.33%	19.16%	17.72%	17.09%	18.04%	19.39%	14.37%	14.06%
Net Operating Profit after Tax (NOPAT)	64	81	93	137	149	170	208	252	207	227
NOPAT Margin	36.13%	39.92%	38.03%	48.54%	47.89%	46.06%	49.70%	49.88%	46.87%	47.17%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	25.76%	25.45%	22.72%	24.44%	25.12%	23.16%	22.85%	23.32%	27.90%	29.48%
Operating Expenses to Revenue	42.08%	39.14%	34.40%	32.57%	32.77%	30.29%	31.84%	31.30%	40.34%	37.60%
Earnings before Interest and Taxes (EBIT)	89	111	137	169	187	214	253	309	245	279
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	96	118	144	175	194	224	272	316	263	284
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.43	3.37	3.25	2.16	2.22	2.07	3.83	2.78	2.48	2.85
Price to Tangible Book Value (P/TBV)	2.52	3.47	3.34	2.21	2.26	2.10	3.88	2.81	2.50	2.87
Price to Revenue (P/Rev)	6.21	8.63	8.07	5.48	6.01	5.59	10.55	7.14	8.08	9.56
Price to Earnings (P/E)	17.27	21.63	21.24	11.30	12.55	12.14	21.24	14.32	17.24	20.27
Dividend Yield	0.55%	0.48%	0.54%	1.65%	1.79%	1.90%	1.02%	1.46%	1.74%	1.42%
Earnings Yield	5.79%	4.62%	4.71%	8.85%	7.97%	8.24%	4.71%	6.98%	5.80%	4.93%
Enterprise Value to Invested Capital (EV/IC)	1.57	1.78	2.33	1.19	1.44	0.00	0.21	2.09	0.99	1.36
Enterprise Value to Revenue (EV/Rev)	4.50	5.06	6.39	3.29	4.19	0.00	0.61	5.64	3.38	4.74
Enterprise Value to EBITDA (EV/EBITDA)	8.22	8.74	10.84	5.30	6.74	0.00	0.93	9.01	5.66	8.05
Enterprise Value to EBIT (EV/EBIT)	8.89	9.31	11.39	5.50	6.99	0.00	1.00	9.21	6.09	8.18
Enterprise Value to NOPAT (EV/NOPAT)	12.46	12.66	16.80	6.79	8.75	0.00	1.22	11.31	7.20	10.04
Enterprise Value to Operating Cash Flow (EV/OCF)	10.38	10.47	13.20	5.52	7.95	0.00	0.95	10.43	7.55	9.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	127.20	0.00	31.50	60.12	0.00	5.21	26.92	23.16	44.86
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.11	0.11	0.09	0.08	0.07	0.06	0.05	0.04	0.04
Long-Term Debt to Equity	0.12	0.11	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.04
Financial Leverage	0.09	0.11	0.11	0.10	0.08	0.07	0.06	0.05	0.05	0.04
Leverage Ratio	10.74	11.80	11.90	11.41	10.88	11.38	12.77	12.26	11.22	10.95
Compound Leverage Factor	10.74	11.80	11.90	11.41	10.88	11.38	12.77	12.26	11.22	10.95
Debt to Total Capital	11.02%	9.56%	9.64%	8.29%	7.13%	6.12%	5.32%	4.75%	4.30%	3.85%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	8.29%	7.13%	6.12%	5.32%	4.75%	4.30%	0.00%
Long-Term Debt to Total Capital	11.02%	9.56%	9.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.07%	0.07%	0.07%	0.06%	0.06%	0.05%	0.04%	0.04%	0.03%	0.03%
Common Equity to Total Capital	88.90%	90.38%	90.28%	91.64%	92.81%	93.83%	94.64%	95.21%	95.67%	96.12%
Debt to EBITDA	0.58	0.47	0.45	0.37	0.33	0.29	0.24	0.21	0.25	0.23
Net Debt to EBITDA	-3.13	-6.18	-2.86	-3.52	-2.92	-9.59	-15.26	-2.41	-7.88	-8.19
Long-Term Debt to EBITDA	0.58	0.47	0.45	0.00	0.00	0.00	0.00	0.00	0.00	0.23
Debt to NOPAT	0.88	0.68	0.70	0.47	0.43	0.38	0.31	0.26	0.31	0.28
Net Debt to NOPAT	-4.75	-8.96	-4.43	-4.51	-3.79	-12.66	-20.01	-3.02	-10.04	-10.22
Long-Term Debt to NOPAT	0.88	0.68	0.70	0.00	0.00	0.00	0.00	0.00	0.00	0.28
Noncontrolling Interest Sharing Ratio	4.74%	0.08%	0.08%	0.08%	0.06%	0.05%	0.05%	0.04%	0.04%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14	8.11	-1.19	30	22	19	49	106	64	51
Operating Cash Flow to CapEx	1,377.41%	443.69%	560.01%	7,317.43%	6,972.62%	8,298.92%	2,818.62%	7,469.23%	5,045.93%	5,443.72%
Free Cash Flow to Firm to Interest Expense	-0.79	0.31	-0.03	0.46	0.21	0.38	1.53	1.19	0.16	0.10
Operating Cash Flow to Interest Expense	4.31	3.82	3.35	2.63	1.59	3.75	8.37	3.08	0.49	0.51
Operating Cash Flow Less CapEx to Interest Expense	4.00	2.96	2.75	2.60	1.57	3.71	8.08	3.04	0.48	0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03
Fixed Asset Turnover	12.91	6.83	4.93	4.83	5.45	6.61	7.25	8.39	7.41	8.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	505	578	672	780	907	1,058	1,217	1,363	1,505	1,682
Invested Capital Turnover	0.38	0.38	0.39	0.39	0.37	0.37	0.37	0.39	0.31	0.30
Increase / (Decrease) in Invested Capital	78	73	94	107	128	150	159	146	143	176
Enterprise Value (EV)	792	1,032	1,564	929	1,306	-89	253	2,843	1,490	2,282
Market Capitalization	1,093	1,761	1,976	1,546	1,872	2,057	4,410	3,602	3,566	4,604
Book Value per Share	$17.32	$19.86	$11.46	$13.41	$15.71	$18.41	$21.24	$23.88	$26.45	$29.63
Tangible Book Value per Share	$16.73	$19.29	$11.18	$13.14	$15.45	$18.15	$20.99	$23.63	$26.20	$29.38
Total Capital	505	578	672	780	907	1,058	1,217	1,363	1,505	1,682
Total Debt	56	55	65	65	65	65	65	65	65	65
Total Long-Term Debt	56	55	65	0.00	0.00	0.00	0.00	0.00	0.00	65
Net Debt	-302	-730	-413	-617	-566	-2,147	-4,157	-759	-2,077	-2,323
Capital Expenditures (CapEx)	5.54	22	21	2.30	2.36	2.31	9.45	3.65	3.91	4.65
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	56	55	65	65	65	65	65	65	65	65
Total Depreciation and Amortization (D&A)	7.31	7.26	6.86	6.49	7.05	9.71	19	6.70	19	4.59
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.23	$1.55	$1.76	$2.57	$0.00	$3.15	$3.83	$4.63	$3.80	$4.17
Adjusted Weighted Average Basic Shares Outstanding	52.29M	52.76M	53.08M	53.48M	0.00	54.09M	54.27M	54.40M	54.49M	54.58M
Adjusted Diluted Earnings per Share	$1.20	$1.52	$1.72	$2.53	$0.00	$3.13	$3.82	$4.61	$3.79	$4.16
Adjusted Weighted Average Diluted Shares Outstanding	52.29M	52.76M	53.08M	53.48M	0.00	54.09M	54.27M	54.40M	54.49M	54.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.29M	52.76M	53.08M	53.48M	0.00	54.09M	54.27M	54.40M	54.49M	54.58M
Normalized Net Operating Profit after Tax (NOPAT)	65	81	93	137	149	170	208	252	207	227
Normalized NOPAT Margin	36.99%	39.92%	38.03%	48.54%	47.89%	46.06%	49.70%	49.88%	46.87%	47.17%
Pre Tax Income Margin	50.61%	54.29%	56.11%	59.85%	59.96%	58.18%	60.62%	61.24%	55.42%	57.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.03	4.29	3.89	2.64	1.81	4.20	7.97	3.49	0.61	0.56
NOPAT to Interest Expense	3.59	3.16	2.63	2.14	1.45	3.33	6.53	2.84	0.51	0.46
EBIT Less CapEx to Interest Expense	4.71	3.43	3.29	2.60	1.79	4.16	7.67	3.45	0.60	0.55
NOPAT Less CapEx to Interest Expense	3.28	2.30	2.04	2.11	1.42	3.28	6.24	2.80	0.50	0.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.70%	9.70%	10.85%	14.79%	16.16%	16.69%	15.68%	14.92%	22.13%	28.81%
Augmented Payout Ratio	9.70%	9.70%	10.85%	14.79%	16.16%	16.69%	15.68%	14.92%	22.13%	28.81%

This table displays calculated financial ratios and metrics derived from ServisFirst Bancshares' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	29.72%	131.41%	0.84%	-12.74%	-20.33%	-15.68%	-2.89%	4.49%	14.69%	21.00%	18.34%
EBITDA Growth	6.66%	113.20%	-2.16%	-7.47%	-28.02%	-26.61%	-10.54%	-10.55%	43.22%	17.52%	35.22%
EBIT Growth	20.41%	138.50%	-0.46%	-15.46%	-19.70%	-43.86%	-14.31%	2.91%	16.95%	68.07%	30.44%
NOPAT Growth	21.97%	124.91%	0.62%	-13.95%	-16.70%	-37.87%	-13.71%	-2.49%	12.31%	54.90%	26.38%
Net Income Growth	21.97%	124.91%	0.62%	-13.95%	-16.70%	-37.87%	-13.71%	-2.49%	12.31%	54.90%	26.38%
EPS Growth	21.88%	121.43%	0.00%	-14.04%	-16.24%	-37.90%	-13.21%	-3.06%	12.24%	54.55%	26.09%
Operating Cash Flow Growth	1.95%	12.43%	-20.38%	-32.41%	-82.01%	19.94%	-3.04%	25.84%	560.61%	-26.26%	-10.32%
Free Cash Flow Firm Growth	670.20%	39.40%	-204.01%	-202.69%	-203.02%	-28.48%	93.65%	93.09%	92.29%	-10.71%	-51.61%
Invested Capital Growth	0.00%	11.99%	0.00%	0.00%	0.00%	10.46%	9.65%	10.30%	11.52%	11.72%	12.52%
Revenue Q/Q Growth	7.53%	-4.44%	-11.39%	-4.18%	-1.82%	1.14%	2.06%	3.11%	7.76%	6.71%	-0.11%
EBITDA Q/Q Growth	0.18%	8.78%	-25.82%	0.64%	-22.06%	10.91%	64.50%	0.63%	24.78%	-8.99%	13.11%
EBIT Q/Q Growth	0.68%	9.15%	-15.88%	-8.55%	-4.37%	-23.69%	28.40%	9.83%	8.69%	9.66%	-0.35%
NOPAT Q/Q Growth	3.05%	5.77%	-14.40%	-7.77%	-0.24%	-21.12%	18.90%	4.22%	14.91%	8.79%	-2.99%
Net Income Q/Q Growth	3.05%	5.77%	-14.40%	-7.77%	-0.24%	-21.12%	18.90%	4.22%	14.91%	8.79%	-2.99%
EPS Q/Q Growth	2.63%	5.98%	-14.52%	-7.55%	0.00%	-21.43%	19.48%	3.26%	15.79%	8.18%	-2.52%
Operating Cash Flow Q/Q Growth	24.59%	7.44%	-27.38%	-30.47%	-66.83%	616.13%	-41.29%	-9.77%	74.14%	-20.06%	-28.61%
Free Cash Flow Firm Q/Q Growth	2.43%	-105.70%	-1,623.35%	-2.04%	-2.77%	92.89%	14.87%	-11.06%	-14.74%	-2.05%	-16.59%
Invested Capital Q/Q Growth	0.00%	0.00%	3.13%	1.63%	2.66%	2.66%	2.37%	2.24%	3.79%	2.84%	3.10%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	57.93%	65.94%	62.78%	65.94%	52.34%	57.40%	57.84%	56.45%	65.37%	55.75%	63.12%
EBIT Margin	56.94%	65.04%	61.73%	58.92%	57.39%	43.30%	54.48%	58.03%	58.53%	60.14%	60.00%
Profit (Net Income) Margin	47.31%	52.36%	50.58%	48.68%	49.47%	38.58%	44.94%	45.43%	48.44%	49.38%	47.96%
Tax Burden Percent	83.08%	80.51%	81.93%	82.62%	86.19%	89.09%	82.50%	78.29%	82.77%	82.11%	79.94%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	16.92%	19.49%	18.07%	17.38%	13.81%	10.91%	17.50%	21.71%	17.23%	17.89%	20.06%
Return on Invested Capital (ROIC)	0.00%	20.47%	36.37%	33.35%	31.15%	11.87%	13.37%	13.40%	14.33%	14.93%	14.71%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	20.47%	36.37%	33.35%	31.15%	11.87%	13.37%	13.40%	14.33%	14.93%	14.71%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.08%	1.78%	1.58%	1.44%	0.56%	0.62%	0.60%	0.62%	0.63%	0.61%
Return on Equity (ROE)	0.00%	21.55%	38.14%	34.93%	32.59%	12.44%	13.98%	14.00%	14.96%	15.56%	15.31%
Cash Return on Invested Capital (CROIC)	0.00%	8.19%	-164.15%	-165.94%	-168.28%	4.49%	4.30%	3.36%	2.27%	3.19%	2.91%
Operating Return on Assets (OROA)	0.00%	2.18%	2.14%	1.91%	1.65%	1.24%	1.58%	1.65%	1.65%	1.73%	1.75%
Return on Assets (ROA)	0.00%	1.76%	1.75%	1.58%	1.42%	1.11%	1.30%	1.29%	1.37%	1.42%	1.40%
Return on Common Equity (ROCE)	0.00%	21.54%	38.13%	34.92%	32.58%	12.43%	13.98%	14.00%	14.95%	15.56%	15.31%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	18.81%	17.84%	16.60%	0.00%	13.48%	13.08%	13.00%	0.00%	14.41%
Net Operating Profit after Tax (NOPAT)	64	68	58	53	53	42	50	52	60	65	63
NOPAT Margin	47.31%	52.36%	50.58%	48.68%	49.47%	38.58%	44.94%	45.43%	48.44%	49.38%	47.96%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	22.19%	23.71%	25.99%	25.87%	28.01%	31.84%	30.28%	30.71%	29.83%	27.41%	26.05%
Operating Expenses to Revenue	31.54%	29.45%	34.60%	35.02%	38.64%	53.42%	41.60%	37.31%	36.90%	35.15%	34.97%
Earnings before Interest and Taxes (EBIT)	77	84	71	65	62	47	61	67	72	79	79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	78	85	72	72	56	63	64	65	81	74	83
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	2.78	2.16	1.60	1.99	2.48	2.44	2.27	2.78	2.85	2.69
Price to Tangible Book Value (P/TBV)	0.00	2.81	2.18	1.62	2.01	2.50	2.46	2.29	2.81	2.87	2.71
Price to Revenue (P/Rev)	9.74	7.14	5.73	4.46	6.04	8.08	8.22	7.74	9.53	9.56	8.94
Price to Earnings (P/E)	19.62	14.32	11.50	8.96	12.00	17.24	18.10	17.36	21.42	20.27	18.68
Dividend Yield	1.19%	1.46%	1.92%	2.66%	2.18%	1.74%	1.76%	1.84%	1.47%	1.42%	1.50%
Earnings Yield	5.10%	6.98%	8.69%	11.16%	8.33%	5.80%	5.53%	5.76%	4.67%	4.93%	5.35%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.09	1.49	0.88	0.53	0.99	1.43	1.40	1.63	1.36	0.69
Enterprise Value to Revenue (EV/Rev)	0.00	5.64	4.14	2.58	1.69	3.38	5.03	4.98	5.81	4.74	2.38
Enterprise Value to EBITDA (EV/EBITDA)	0.00	9.01	6.42	3.94	2.62	5.66	9.12	9.43	10.32	8.05	3.91
Enterprise Value to EBIT (EV/EBIT)	0.00	9.21	6.78	4.25	2.77	6.09	9.39	9.33	10.79	8.18	4.01
Enterprise Value to NOPAT (EV/NOPAT)	0.00	11.31	8.30	5.18	3.36	7.20	11.07	11.16	13.05	10.04	4.96
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	10.43	8.09	5.25	4.28	7.55	11.26	10.73	9.62	9.02	4.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	26.92	0.00	0.00	0.00	23.16	34.75	43.70	75.54	44.86	25.09
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04
Long-Term Debt to Equity	0.00	0.00	0.00	0.05	0.05	0.00	0.04	0.00	0.00	0.04	0.00
Financial Leverage	0.00	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04
Leverage Ratio	0.00	12.26	10.87	11.05	11.45	11.22	10.76	10.83	10.93	10.95	10.93
Compound Leverage Factor	0.00	12.26	10.87	11.05	11.45	11.22	10.76	10.83	10.93	10.95	10.93
Debt to Total Capital	0.00%	4.75%	4.66%	4.53%	4.42%	4.30%	4.20%	4.11%	3.96%	3.85%	3.73%
Short-Term Debt to Total Capital	0.00%	4.75%	4.66%	0.00%	0.00%	4.30%	0.00%	4.11%	3.96%	0.00%	3.73%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	4.53%	4.42%	0.00%	4.20%	0.00%	0.00%	3.85%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
Common Equity to Total Capital	0.00%	95.21%	95.31%	95.43%	95.55%	95.67%	95.77%	95.86%	96.01%	96.12%	96.24%
Debt to EBITDA	0.00	0.21	0.20	0.20	0.22	0.25	0.27	0.28	0.25	0.23	0.21
Net Debt to EBITDA	0.00	-2.41	-2.47	-2.88	-6.75	-7.88	-5.79	-5.23	-6.61	-8.19	-10.80
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.20	0.22	0.00	0.27	0.00	0.00	0.23	0.00
Debt to NOPAT	0.00	0.26	0.26	0.27	0.28	0.31	0.33	0.33	0.32	0.28	0.27
Net Debt to NOPAT	0.00	-3.02	-3.20	-3.78	-8.65	-10.04	-7.03	-6.19	-8.36	-10.22	-13.71
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.27	0.28	0.00	0.33	0.00	0.00	0.28	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	1,371	-78	-1,347	-1,375	-1,413	-100	-86	-95	-109	-111	-130
Operating Cash Flow to CapEx	10,791.76%	4,428.11%	4,197.03%	6,057.50%	1,324.90%	9,081.16%	4,965.00%	4,648.46%	2,344.39%	0.00%	3,264.40%
Free Cash Flow to Firm to Interest Expense	59.93	-1.63	-18.45	-15.55	-12.45	-0.79	-0.69	-0.78	-0.82	-0.92	-1.10
Operating Cash Flow to Interest Expense	3.09	1.59	0.76	0.43	0.11	0.72	0.43	0.40	0.63	0.56	0.41
Operating Cash Flow Less CapEx to Interest Expense	3.06	1.55	0.74	0.43	0.10	0.71	0.42	0.39	0.61	0.57	0.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Fixed Asset Turnover	0.00	8.39	8.41	8.20	7.76	7.41	7.34	7.45	7.59	8.13	8.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,363	1,405	1,428	1,466	1,505	1,541	1,575	1,635	1,682	1,734
Invested Capital Turnover	0.00	0.39	0.72	0.69	0.63	0.31	0.30	0.30	0.30	0.30	0.31
Increase / (Decrease) in Invested Capital	-1,307	146	1,405	1,428	1,466	143	136	147	169	176	193
Enterprise Value (EV)	0.00	2,843	2,091	1,260	780	1,490	2,202	2,205	2,664	2,282	1,194
Market Capitalization	4,196	3,602	2,896	2,179	2,790	3,566	3,599	3,428	4,371	4,604	4,490
Book Value per Share	$0.00	$23.88	$24.62	$25.11	$25.74	$26.45	$27.08	$27.70	$28.79	$29.63	$30.57
Tangible Book Value per Share	$0.00	$23.63	$24.37	$24.86	$25.49	$26.20	$26.83	$27.45	$28.54	$29.38	$30.32
Total Capital	0.00	1,363	1,405	1,428	1,466	1,505	1,541	1,575	1,635	1,682	1,734
Total Debt	0.00	65	65	65	65	65	65	65	65	65	65
Total Long-Term Debt	0.00	0.00	0.00	65	65	0.00	65	0.00	0.00	65	0.00
Net Debt	0.00	-759	-806	-920	-2,011	-2,077	-1,397	-1,223	-1,707	-2,323	-3,297
Capital Expenditures (CapEx)	0.66	1.72	1.31	0.63	0.96	1.00	1.08	1.04	3.58	-1.05	1.47
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	65	65	65	65	65	65	65	65	65	65
Total Depreciation and Amortization (D&A)	1.35	1.17	1.20	7.71	-5.45	15	3.74	-1.81	8.46	-5.80	4.12
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.25	$1.07	$0.98	$0.98	$0.77	$0.92	$0.96	$1.10	$1.19	$1.16
Adjusted Weighted Average Basic Shares Outstanding	0.00	54.40M	54.28M	54.42M	54.44M	54.49M	54.51M	54.53M	54.55M	54.58M	54.61M
Adjusted Diluted Earnings per Share	$0.00	$1.24	$1.06	$0.98	$0.98	$0.77	$0.92	$0.95	$1.10	$1.19	$1.16
Adjusted Weighted Average Diluted Shares Outstanding	0.00	54.40M	54.28M	54.42M	54.44M	54.49M	54.51M	54.53M	54.55M	54.58M	54.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	54.40M	54.28M	54.42M	54.44M	54.49M	54.51M	54.53M	54.55M	54.58M	54.61M
Normalized Net Operating Profit after Tax (NOPAT)	64	68	58	53	53	42	50	52	60	65	63
Normalized NOPAT Margin	47.31%	52.36%	50.58%	48.68%	49.47%	38.58%	44.94%	45.43%	48.44%	49.38%	47.96%
Pre Tax Income Margin	56.94%	65.04%	61.73%	58.92%	57.39%	43.30%	54.48%	58.03%	58.53%	60.14%	60.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.37	1.76	0.97	0.73	0.55	0.37	0.49	0.55	0.54	0.66	0.67
NOPAT to Interest Expense	2.80	1.41	0.79	0.60	0.47	0.33	0.40	0.43	0.45	0.54	0.54
EBIT Less CapEx to Interest Expense	3.34	1.72	0.95	0.72	0.54	0.36	0.48	0.54	0.52	0.67	0.66
NOPAT Less CapEx to Interest Expense	2.77	1.38	0.78	0.60	0.46	0.32	0.39	0.42	0.42	0.55	0.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.23%	14.92%	15.99%	17.69%	18.55%	22.13%	23.58%	24.30%	31.52%	28.81%	28.04%
Augmented Payout Ratio	15.23%	14.92%	15.99%	17.69%	18.55%	22.13%	23.58%	24.30%	31.52%	28.81%	28.04%

Financials Breakdown Chart

Key Financial Trends

ServisFirst Bancshares (NYSE: SFBS) has demonstrated solid financial performance over the past four years, with stable revenue growth and consistent net income. Here's a detailed analysis of their key financial trends:

Revenue Growth and Stability: Total revenue has shown a steady upward trend from about $107 million in Q3 2022 to around $132 million in Q1 2025, indicating consistent growth in interest and non-interest income streams.
Net Interest Income Strength: Net interest income remained strong, rising from approximately $126 million in Q3 2022 to about $124 million in Q1 2025, highlighting the bank's ability to generate stable interest margins despite market fluctuations.
Increasing Loans and Leases: The loan portfolio has grown significantly, from around $11.6 billion in Q3 2022 to over $12.8 billion by Q1 2025, reflecting ongoing business expansion and client demand.
Improving Net Income and EPS: Net income attributed to common shareholders increased from roughly $53 million in Q3 2022 to about $63 million in Q1 2025. Correspondingly, diluted earnings per share increased from $0.98 to $1.16 over the same period.
Strong Operating Cash Flow: Quarterly net cash from operating activities has remained robust (e.g., $47.95 million in Q1 2025), indicating healthy cash generation from core business operations.
Provision for Credit Losses: The provision expense has fluctuated but stayed within a moderate range, increasing slightly to $6.63 million in Q1 2025. This reflects management's cautiousness around credit risk but also highlights potential pressure if credit conditions deteriorate.
Interest Expense Fluctuations: Total interest expense, particularly related to deposits and long-term debt, has increased slightly from $22.9 million in early 2023 to about $117.5 million in Q1 2025. While this reflects increased funding costs, it also corresponds with asset growth.
Dividend Policy: The company has steadily paid dividends, gradually rising to $0.34 per share as of Q1 2025, suggesting a commitment to returning capital to shareholders while balancing reinvestment needs.
Investment Securities Activity and Cash Flow: There is significant cash outflow related to purchases of investment securities in recent quarters (e.g., $401.7 million in Q1 2025), with investment sales not fully offsetting purchases, leading to large net cash outflow in investing activities, which could pressure liquidity if continued.
Non-Interest Expense Trends: Salaries, occupancy, and other operating expenses have generally increased each quarter, reaching $46.1 million in Q1 2025, up from about $41.7 million in Q3 2022. Expense growth may pressure future margins if not managed carefully.

Summary: ServisFirst Bancshares has shown strong growth in loans, interest income, and bottom-line profitability over the past several years, supported by stable operating cash flows. The bank's disciplined credit provisioning and measured dividend increases present a balanced approach to growth and capital return. However, rising expenses and sizable investing cash outflows warrant monitoring to ensure continued financial flexibility. Overall, SFBS appears well-positioned but should watch investment activity and operating costs closely.

10/10/25 11:49 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About ServisFirst Bancshares' Financials

When does ServisFirst Bancshares' financial year end?

According to the most recent income statement we have on file, ServisFirst Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has ServisFirst Bancshares' net income changed over the last 9 years?

ServisFirst Bancshares' net income appears to be on an upward trend, with a most recent value of $227.24 million in 2024, rising from $63.54 million in 2015. The previous period was $206.85 million in 2023. View ServisFirst Bancshares' forecast to see where analysts expect ServisFirst Bancshares to go next.

How has ServisFirst Bancshares' revenue changed over the last 9 years?

Over the last 9 years, ServisFirst Bancshares' total revenue changed from $175.85 million in 2015 to $481.72 million in 2024, a change of 173.9%.

How much debt does ServisFirst Bancshares have?

ServisFirst Bancshares' total liabilities were at $15.73 billion at the end of 2024, a 7.1% increase from 2023, and a 238.6% increase since 2015.

How much cash does ServisFirst Bancshares have?

In the past 9 years, ServisFirst Bancshares' cash and equivalents has ranged from $46.61 million in 2015 to $123.43 million in 2023, and is currently $116.39 million as of their latest financial filing in 2024.

How has ServisFirst Bancshares' book value per share changed over the last 9 years?

Over the last 9 years, ServisFirst Bancshares' book value per share changed from 17.32 in 2015 to 29.63 in 2024, a change of 71.0%.

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This page (NYSE:SFBS) was last updated on 10/10/2025 by MarketBeat.com Staff

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ServisFirst Bancshares (SFBS) Financials

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ServisFirst Bancshares (SFBS) Financials

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Quarterly Metrics And Ratios for ServisFirst Bancshares

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