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.
Quarterly Income Statements for ServisFirst Bancshares
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 |
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 |
Annual Cash Flow Statements for ServisFirst Bancshares
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 |
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 |
Quarterly Cash Flow Statements for ServisFirst Bancshares
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 |
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 |
Annual Balance Sheets for ServisFirst Bancshares
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 |
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 |
Quarterly Balance Sheets for ServisFirst Bancshares
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 |
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 |
Annual Metrics And Ratios for ServisFirst Bancshares
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 |
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% |
Quarterly Metrics And Ratios for ServisFirst Bancshares
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 |
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% |
Key Financial Trends
ServisFirst Bancshares (NYSE: SFBS) has shown consistent growth and solid financial health over the last four years, reflected in its quarterly financial statements through Q1 2025. Here are the key insights drawn from the review of the income statements, cash flow statements, and balance sheets:
- Net Interest Income Growth: Net interest income has generally grown year-over-year, reaching $123.55 million in Q1 2025, up from $102.5 million in Q1 2024, and showing improvement compared to earlier years. This indicates strong core banking operations and interest income generation.
- Increasing Loans and Leases: The balance sheet shows steady growth in net loans and leases, from about $11.7 billion in Q1 2023 to approximately $12.7 billion in Q1 2025, reflecting expanding lending activities which positively impact interest income.
- Rising Deposits: Deposits have grown significantly, with total deposits increasing from roughly $9.9 billion in Q1 2023 to about $14.2 billion in Q1 2025. This growth supports asset expansion and stable funding.
- Solid Net Income Growth: Net income attributable to common shareholders increased from around $50 million in Q1 2024 to $63.2 million in Q1 2025, indicating strong profitability gains.
- Consistent Dividend Payments: The company has consistently paid quarterly dividends, increasing from $0.28 per share in early 2023 to $0.34 per share in Q1 2025, signaling confidence in cash flow and a shareholder-friendly approach.
- Strong Operating Cash Flows: Net cash from continuing operating activities remains robust at $47.95 million in Q1 2025, demonstrating healthy cash generation from core operations.
- Increased Provision for Credit Losses: Provisions for credit losses increased to $6.63 million in Q1 2025, up from $4.37 million in Q1 2024, potentially indicating cautious credit risk management amidst economic uncertainties.
- Investment Securities Activity: The bank actively manages its investment portfolio with significant purchases and sales of securities across quarters, which could affect liquidity and income depending on market conditions.
- Higher Interest Expense on Deposits: Interest expense on deposits increased from $104 million in Q1 2024 to $94.7 million in Q1 2025, reflecting rising interest rates, which could pressure net interest margins if not offset by higher loan yields.
- Elevated Operating Expenses: Total non-interest expenses remain high, around $46 million in Q1 2025, slightly lower than previous quarters but still representing a significant cost base that requires monitoring for efficiency improvements.
Summary: ServisFirst Bancshares is demonstrating steady revenue and loan growth alongside improving profitability and dividend payments, which are positive signs for investors. However, rising credit loss provisions and deposit interest expenses present areas to watch. The company's ability to manage operating costs and maintain strong loan growth will be key to sustaining its financial momentum.
08/08/25 06:15 PMAI Generated. May Contain Errors.