The Sole Alabama-Based Institution in the Top TenBIRMINGHAM, Ala., July 28, 2025 (GLOBE NEWSWIRE) -- ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), is pleased to announce they have ranked fifth in the top publicly traded banks with between $10 billion to $50 billion in assets, according to American Banker's annual list of top-performing banks, based on year-end 2024 data. Compiled by Capital Performance Group using S&P Global Market Intelligence data and regulatory filings, the rankin ...

ServisFirst Bancshares (SFBS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Indi ...

For the quarter ended June 2025, ServisFirst Bancshares (SFBS) reported revenue of $140.67 million, up 22.6% over the same period last year. EPS came in at $1.21, compared to $0.95 in the year-ago quarter.The reported revenue represents a surprise of +1.32% over the Zacks Consensus Estimate of $138.84 million. With the consensus EPS estimate being $1.20, the EPS surprise was +0.83%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Financial Data and Key Metrics Changes - The company reported net income of $61.4 million and diluted earnings per share of $1.12, representing an 18% increase from the second quarter of 2024 [13] - Pre-provision net revenue was $87.9 million, with a return on average assets of 1.4% and a return on common equity of 14.56% [13] - Net interest income for the quarter was $131.7 million, with adjusted net interest income at $129.4 million, which is $5.9 million higher than the first quarter of 2025 [17][19] - The adjusted margin increased to 3.05%, up 13 basis points from the previous quarter and 26 basis points from the same quarter last year [16] Business Line Data and Key Metrics Changes - Loan growth was solid at 11% annualized, with a year-to-date growth of 25% [10][13] - The company experienced elevated payoffs in commercial real estate but was able to replace these with new projects [5][6] - Non-interest income was significantly impacted by a bond book restructure, with an adjusted net interest revenue of just under $9 million for the quarter [20] Market Data and Key Metrics Changes - The company noted a normalization of higher-cost municipal and correspondent deposits during the quarter [7] - The loan-to-deposit ratio is in the mid-80% range, indicating a strong liquidity position [60][61] Company Strategy and Development Direction - The company is focusing on organic loan and deposit growth while maintaining price discipline for both loans and deposits [23] - A new merchant card processing team was hired to increase revenue from merchant services, aiming to improve penetration rates among existing customers [9][34][35] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in loan demand, indicating a robust pipeline for the second half of the year despite some headwinds from payoffs [10][41] - The company expects its margin to continue increasing throughout the year, particularly if the Federal Reserve lowers benchmark rates [19] Other Important Information - The company underwent a significant restructuring of its bond portfolio, resulting in an $8.6 million loss but positioning for stronger margin performance in future quarters [14] - The tangible book value grew by an annualized 12.5% compared to the last quarter, ending at $31.27 per share [16] Q&A Session Summary Question: What is the expected trajectory for net interest margin? - The adjusted margin for the quarter was 3.06%, and it is expected to increase by about 10 to 14 basis points each quarter, potentially reaching 3.20% to 3.25% by year-end [25][26] Question: How does the company plan to drive deposit growth? - The company is managing its funding needs to align with loan growth and is prepared to onboard deposits as necessary [27][28] Question: Can you provide insights on the new lenders and markets? - The new hires include a mix of former employees and interns, with a focus on supporting existing production staff rather than expanding into new markets [30][31] Question: What trends are observed in commercial credit demand? - Management noted broad-based demand across various markets, with construction loans increasing due to a mix of new production and projects with significant equity [40][41] Question: What are the expectations for deposit cost trends? - Deposit costs are expected to normalize around the first quarter levels, with an adjusted cost of deposits around 3.50% to 3.57% [50][51] Question: What is the outlook for the loan-to-deposit ratio? - The company is comfortable with the current mid-80% loan-to-deposit ratio and prefers to be in a position where it needs to generate deposits rather than loans [61][62]

Financial Data and Key Metrics Changes - The company reported net income of $61.4 million for Q2 2025, representing an 18% increase from Q2 2024, but a slight decrease of 3% from Q1 2025 [12][16] - Diluted earnings per share were $1.12, with a return on average assets of 1.4% and a return on common equity of 14.56% [12] - The adjusted net interest margin improved to 3.05%, up 13 basis points from the previous quarter and 26 basis points from the same quarter last year [15] - The tangible book value grew by an annualized 12.5% from the last quarter, ending at $31.27 per share [15] Business Line Data and Key Metrics Changes - Loan growth was solid at 11% annualized, with a year-to-date growth of 25% [4][9] - The company experienced elevated payoffs in commercial real estate (CRE) but was able to replace these with new projects [5] - Non-interest income was significantly impacted by a bond portfolio restructuring, with a reported loss of $8.6 million [13][18] Market Data and Key Metrics Changes - The company noted a normalization of higher-cost municipal and correspondent deposits during the quarter [6] - The loan demand was characterized as good but not great, with a robust loan pipeline expected to continue [4][9] Company Strategy and Development Direction - The company is focusing on organic loan and deposit growth, emphasizing competitive and profitable pricing [22] - A new merchant services team was hired to enhance production in the merchant banking area, aiming to increase penetration among existing customers [8][32] - The company is strategically restructuring its bond portfolio to improve margin performance in future quarters [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the loan pipeline, indicating broad-based demand across various markets [40] - The company expects net interest margin to continue increasing, potentially reaching 3.20% to 3.25% by year-end, absent any Fed actions [25] - Management noted that while there are isolated incidents of credit deterioration, no systemic issues were identified [10] Other Important Information - The company successfully unwound a third-party processing configuration, switching to a direct relationship with Jack Henry, which is expected to yield cost savings [21] - The effective tax rate saw a slight decrease, and the company is strategizing to further reduce tax expenses [22] Q&A Session Summary Question: What is the expected trajectory for net interest margin? - The adjusted margin is 3.06% for the quarter, with expectations to increase by 10 to 14 basis points each quarter, potentially reaching 3.20% to 3.25% by year-end [24][25] Question: How does the company plan to drive deposit growth? - The company is managing through necessary funding for loan growth and is prepared to onboard deposits as needed [26][27] Question: Can you provide details on the new lenders and markets? - The new lenders are primarily support staff, with a focus on existing markets like Memphis and Auburn, Alabama [30][31] Question: What trends are observed in commercial credit demand? - Demand is broad-based across various markets, with construction loans increasing due to the need for reserves [39][40] Question: What are the expectations for deposit cost trends? - Deposit costs are expected to normalize around the first quarter levels, with an adjusted cost of deposits around 3.50% to 3.57% [50] Question: What is the outlook for loan-to-deposit ratios? - The adjusted loan-to-deposit ratio is in the mid-80% range, with a preference to generate deposits rather than loans [58]

分组1 - ServisFirst Bancshares reported quarterly earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $1.20 per share, and up from $0.95 per share a year ago, representing an earnings surprise of +0.83% [1] - The company posted revenues of $140.67 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.32%, compared to year-ago revenues of $114.77 million [2] - Over the last four quarters, ServisFirst has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] 分组2 - The stock has underperformed the market, losing about 2.1% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The current consensus EPS estimate for the coming quarter is $1.29 on revenues of $144.88 million, and for the current fiscal year, it is $5.03 on revenues of $564.44 million [7] - The Zacks Industry Rank for Financial - Savings and Loan is currently in the bottom 37% of over 250 Zacks industries, indicating potential challenges for the sector [8]

EXHIBIT 99.1 ServisFirst Bancshares, Inc. Announces Results For Second Quarter of 2025 BIRMINGHAM, Ala., July 21, 2025 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended June 30, 2025. Second Quarter 2025 Highlights: Tom Broughton, Chairman, President, and CEO, said, "We were pleased with the loan growth in the quarter, combined with the improved environment for banks like ServisFirst." David Sparacio, CFO, said, "The net inter ...

BIRMINGHAM, Ala., July 21, 2025 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended June 30, 2025. Second Quarter 2025 Highlights: Diluted earnings per share of $1.12 for the quarter. Adjusted diluted earnings per share of $1.21, up 27% from the second quarter of 2024.Net interest margin improved to 3.10% in the second quarter from 2.92% in the first quarter. Adjusted net interest margin was 3.06% in the second quarter.Loans gre ...

BIRMINGHAM, Ala., June 30, 2025 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NYSE: SFBS) is scheduled to announce earnings and operating results for the quarter ended June 30, 2025 on July 21, 2025 at 4 p.m. ET. The news release will be available at www.servisfirstbancshares.com. ServisFirst Bancshares, Inc. will host a live audio webcast to discuss earnings and results on Monday, July 21, 2025 beginning at 5:15 p.m. ET. The audio webcast can be accessed at www.servisfirstbancshares.com. A replay of th ...

ServisFirst Bancshares, Inc. NYSE: SFBS March 2025 Forward-Looking Statements ▪ Statements in this presentation 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 and Section 27A of the Securities Act of 1933. The words "believe," "expect," "anticipate," "project," "plan," "intend," ...