Financial Data and Key Metrics Changes - The company reported net interest income of $123.5 million, which is $21 million higher than the first quarter of 2024 and slightly higher than the fourth quarter of 2024 [3] - Tangible book value increased by 3% since the last quarter and 13% year-over-year, ending at $30.31 per share [2] - The common equity Tier 1 capital ratio stood at 11.4% and the risk-based capital ratio at 12.9% for the quarter [2] - The provision expense was $6.6 million, up $2.1 million from the first quarter of 2024 and $900,000 from the fourth quarter [6] - The allowance for credit losses ended the quarter at just over $165 million, an increase of about $576,000 from the fourth quarter [7] Business Line Data and Key Metrics Changes - Non-interest income decreased by about 7% compared to the first quarter of 2024, primarily due to a one-time benefit recorded in 2024 [8] - However, on a normalized basis, non-interest income increased by about 7% compared to the first quarter of 2024, driven by higher service charges on deposit accounts [8] - Non-interest expense was down $789,000 compared to the fourth quarter of 2024 and flat compared to the first quarter of 2024 [10] Market Data and Key Metrics Changes - The loan-to-deposit ratio stands at 89%, with an adjusted ratio of 77% when including correspondent Fed funds purchased [1] - The company anticipates over $1.9 billion in asset repricing over the next 12 months [6] Company Strategy and Development Direction - The company continues to focus on organic loan and deposit growth, priced competitively and profitably [12] - Management expressed optimism about the balance of the year, noting that the commercial real estate transactions need short-term interest rates to decrease for improvement [27] - The company is looking for additional levers to improve income without increasing risk, considering deploying excess liquidity [61] Management Comments on Operating Environment and Future Outlook - Management noted a potential slowdown in loan demand but emphasized the resilience of Main Street compared to Wall Street [26] - There is no significant impact from tariffs observed, and management remains optimistic about the overall economic environment [28][32] - The company expects cash balances to decrease over the next few months, which may positively impact net interest margin [24] Other Important Information - The company experienced a seasonal spike in payroll taxes in the first quarter, but payroll expenses were down about 5% compared to the fourth quarter due to adjustments in incentive plan payouts [10] - The efficiency ratio was reported below 35%, reflecting strong expense discipline [11] Q&A Session Summary Question: How does the company view deposit trends for the rest of the year? - Management indicated that municipal deposits may decline as the year progresses, with correspondent balances leveling off after tax season [21][22] Question: What is the outlook for net interest margin (NIM)? - Management expects cash balances to decrease, which may help improve NIM as the balance sheet remixes [23][24] Question: What is the company's perspective on loan growth and pipeline demand? - Management remains optimistic about loan growth, noting steady and granular growth across various markets [38][39] Question: How are loan pricing dynamics evolving? - Loan pricing has remained steady, but management expressed concerns that current pricing levels should be higher [42][43] Question: What is the expected trend for operating expenses? - Operating expenses are projected to remain in the range of $46 to $46.5 million, excluding potential new hires [44][45] Question: Can you provide details on non-performing loans? - Non-performing loans are primarily in the medical sector, with good collateral backing them [48][52]

Core Insights - ServisFirst Bancshares reported revenue of $131.83 million for Q1 2025, an increase of 18.4% year-over-year, but slightly below the Zacks Consensus Estimate of $132.75 million, resulting in a revenue surprise of -0.69% [1] - The company's EPS for the quarter was $1.16, up from $0.94 in the same quarter last year, but also fell short of the consensus estimate of $1.18, leading to an EPS surprise of -1.69% [1] Financial Performance Metrics - Efficiency Ratio was reported at 35%, matching the average estimate from analysts [4] - Net charge-offs to total average loans were 0.2%, higher than the estimated 0.1% [4] - Net Interest Margin was 2.9%, below the average estimate of 3% [4] - Average Balance of Interest-earning Assets was $17.19 billion, exceeding the estimated $16.85 billion [4] - Net Interest Income was $123.55 million, slightly below the average estimate of $124.71 million [4] - Total Non-interest Income was $8.28 million, surpassing the average estimate of $8.03 million [4] - Credit card income was $1.97 million, above the estimated $1.86 million [4] - Service charges on deposit accounts reached $2.56 million, exceeding the average estimate of $2.37 million [4] - Mortgage banking income was $0.61 million, below the estimated $1.02 million [4] - Other Operating Income was reported at $1 million, higher than the average estimate of $0.73 million [4] Stock Performance - ServisFirst shares have declined by 14.8% over the past month, compared to a 5.6% decline in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

ServisFirst Bancshares (SFBS) came out with quarterly earnings of $1.16 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.69%. A quarter ago, it was expected that this holding company for ServisFirst Bank would post earnings of $1.10 per share when it actually produced earnings of $1.19, delivering a surprise of 8.18%.Over t ...

Exhibit 99.1 SERVISFIRST BANCSHARES, INC. Announces Results For First Quarter of 2025 Birmingham, Ala. – (BUSINESS WIRE) – April 21, 2025 – ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended March 31, 2025. First Quarter 2025 Highlights: Tom Broughton, Chairman, President, and CEO, said, "With our strong balance sheet, we are looking at opportunities for new and expanded customer relationships and we continue to look at new market expansions in th ...

(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission file number 001-36452 SERVISFIRST BANCSHARES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Exact Name of Registrant as Specified in Its Charter) Delaware 26-0734029 (State or ...

Core Insights - ServisFirst Bancshares reported a revenue of $131.97 million for Q4 2024, marking a 21% increase year-over-year and exceeding the Zacks Consensus Estimate by 4.35% [1] - The company's EPS for the quarter was $1.19, up from $0.91 in the same quarter last year, representing an EPS surprise of 8.18% over the consensus estimate of $1.10 [1] Financial Performance Metrics - Efficiency Ratio was reported at 35.5%, better than the estimated 36% [4] - Net charge-offs to total average loans remained stable at 0.1%, matching analyst estimates [4] - Net Interest Margin was 3%, surpassing the average estimate of 2.9% [4] - Average Balance of Interest-earning Assets was $16.53 billion, exceeding the estimated $16.27 billion [4] - Net Interest Income reached $123.17 million, above the average estimate of $118.18 million [4] - Total Non-interest Income was $8.80 million, higher than the estimated $8.29 million [4] - Credit card income was reported at $1.87 million, below the estimated $2.21 million [4] - Service charges on deposit accounts totaled $2.65 million, exceeding the estimated $2.32 million [4] - Mortgage banking income was $1.51 million, significantly higher than the estimated $0.89 million [4] - Other Operating Income was $0.64 million, below the estimated $0.81 million [4] Stock Performance - ServisFirst shares have returned +2% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

ServisFirst Bancshares (SFBS) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.18%. A quarter ago, it was expected that this holding company for ServisFirst Bank would post earnings of $0.97 per share when it actually produced earnings of $1.10, delivering a surprise of 13.40%.Over t ...

Financial Performance - Net income for Q4 2024 was $65.2 million, an increase of 8.8% from Q3 2024 and 54.9% from Q4 2023[4] - Diluted earnings per share for Q4 2024 were $1.19, up 8.2% from Q3 2024 and 54.5% from Q4 2023[5] - Net income available to common stockholders rose to $65.1 million in Q4 2024, compared to $42.0 million in Q4 2023[20] - The company reported a net income of $227,242 thousand for the year ended 2024, an increase of 9.8% from $206,853 thousand in 2023[26] - Basic earnings per common share for Q4 2024 was $1.19, a 54.5% increase from $0.77 in Q4 2023[26] Revenue and Income Sources - Net interest income increased by $8.0 million, or 28% annualized, during Q4 2024[5] - Non-interest income rose by $1.4 million, or 19.3%, to $8.8 million in Q4 2024 compared to Q4 2023[13] - Total interest income for Q4 2024 was $243,892 thousand, an increase of 6.4% from $229,062 thousand in Q4 2023[26] - Total non-interest income for the year ended 2024 was $35,056 thousand, up 15.5% from $30,417 thousand in 2023[26] Asset and Liability Management - Total assets reached $17.35 billion in Q4 2024, up from $16.13 billion in Q4 2023[20] - Total deposits grew by $397 million, or 12% annualized, during Q4 2024[5] - Loans increased to $12.61 billion in Q4 2024, compared to $11.66 billion in Q4 2023[20] - Average total deposits for Q4 2024 were $13.48 billion, an increase of 1.9% from Q4 2023[11] Efficiency and Cost Management - Non-interest expense decreased by $11.4 million, or 19.5%, to $46.9 million in Q4 2024 compared to Q4 2023[14] - The efficiency ratio improved to 35.54% in Q4 2024 from 55.23% in Q4 2023[14] - Total non-interest expense for Q4 2024 was $46,896 thousand, slightly higher than $45,632 thousand in Q3 2024, indicating a 2.8% increase[29] Credit Quality and Provisions - Non-performing assets to total assets were 0.26% for Q4 2024, compared to 0.14% for Q4 2023[12] - The allowance for credit losses to total loans remained stable at 1.30% in Q4 2024, consistent with Q3 2024[28] - Provision for credit losses for Q4 2024 was $6,398 thousand, compared to $5,435 thousand in Q3 2024, reflecting an increase in credit loss provisions[28] Stockholder Equity and Book Value - Book value per share reached $29.63, up 12.0% from Q4 2023[5] - Tangible common stockholders' equity was reported at $1.603 billion as of December 31, 2024, an increase from $1.426 billion in 2023[23] - The company experienced a 12% increase in total stockholders' equity, reaching $1.617 billion as of December 31, 2024, up from $1.440 billion in 2023[25] Market Position and Strategic Initiatives - The company is focused on enhancing its market position through strategic initiatives and product development[31]

Wall Street analysts forecast that ServisFirst Bancshares (SFBS) will report quarterly earnings of $1.10 per share in its upcoming release, pointing to a year-over-year increase of 20.9%. It is anticipated that revenues will amount to $126.47 million, exhibiting an increase of 16% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this t ...

ServisFirst Bancshares, Inc.’s (SFBS) board of directors has approved an increase in the company’s quarterly dividend to 34 cents per share, marking a 12% hike from the prior payout. The increased amount will be paid out on Jan. 10, 2025, to shareholders on record as of Jan. 2.The company has hiked its dividend every year since 2014. Before the latest hike, the company increased its dividend by 7.1% to 30 cents per share in December 2023. SFBS has a five-year annualized dividend growth of 14.58%. At present ...