UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-Q (Mark one) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2024 ☐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. (Exact Name of Registrant as Specified in Its Charter) ...

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Financial Data and Key Metrics - Net income increased by approximately 15% from the second quarter, with diluted EPS remaining stable [11] - Net interest margin (NIM) increased by 9% to $115 million in Q3, up from $106 million in Q2 [11] - Yield on interest-earning assets rose by 11 basis points, while the rate paid on interest-bearing liabilities increased by only 3 basis points [12] - The loan loss reserve increased by $4 million, bringing the reserve to total loans ratio to 1.31%, consistent with Q1 2024 and the same period in 2023 [9] - A special Hurricane Helene reserve of $2.7 million was created [9] Business Line Performance - Loan demand was robust in the hospitality segment, but exposure limits were maintained [4] - Early loan payoffs totaled $126 million at an average rate of 4.89%, benefiting shareholders [3] - Repricing of $105 million in low-rate fixed loans contributed to improved margins [3] - Deposit fees increased each quarter, with mortgage fee income also rising in Q3 [16] - Credit card net revenue decreased modestly but is expected to normalize in Q4 [16] Market Performance - Loan growth was strong in Q2 but stalled in Q3 due to election-related delays and uncertainty around Fed rate cuts [3][4] - The Memphis and Auburn markets showed progress, with four new bankers added in Q3, bringing the total to 155 frontline bankers [8] - Non-performing assets (NPA) to total assets remained low at 25 basis points [10] Strategic Direction and Industry Competition - The company is focused on disciplined loan pricing and avoiding broker deposits or Federal Home Loan Bank advances [5] - Competitors are increasing price investments, which is seen as a positive development [5] - The company is expanding into new markets, such as Memphis and Auburn, and expects contributions from recent hires to drive future growth [8][32] Management Commentary on Operating Environment and Future Outlook - Management expects loan demand to rebound in Q4, driven by year-end activity and potential Fed rate cuts [4][8] - The company anticipates higher loan losses in the future but remains optimistic about the economy [6] - The Federal Reserve's 50 basis point rate cut in September was seen as beneficial for customers with debt service challenges [10] Other Important Information - CFO Kirk Pressley announced his resignation for personal reasons, with Ed Woodie named as Interim CFO [14] - The company implemented a new accounting treatment for qualifying tax credits, resulting in some noise in non-interest expenses and income tax [17] - Core operating expenses are expected to remain around $45 million per quarter [41] Q&A Session Summary Question: Loan Pipeline and Growth Outlook - Management expects a decent closing amount in Q4, driven by year-end activity, but does not anticipate matching the exceptional Q2 performance [22][23] - Loan pricing remains consistent, with new loans priced around 8%, though the mix has shifted slightly towards fixed-rate loans [24][25] Question: Credit Quality and Special Mention Loans - A large borrower with a $97 million relationship was downgraded to special mention due to Hurricane Helene-related payment delays, but no significant loss content is expected [28][29][31] Question: Loan Yields and Pricing Trends - Loan yields increased significantly in Q3, driven by repricing and early payoffs, with no one-time factors influencing the results [34][36] - CD pricing is declining, with yields dropping from 5% to 4.25% for six-month CDs, reflecting more rational industry-wide pricing [37] Question: Liquidity and Funding Outlook - Short-term liquidity cash increased in Q3 due to a municipal outflow, but this is expected to normalize as loans are funded in Q4 [39][40] Question: Core Operating Expenses - Core operating expenses are expected to remain around $45 million per quarter, with potential adjustments for annual incentive accruals in Q4 [41]

ServisFirst Bancshares (SFBS) reported $123.67 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 14.7%. EPS of $1.10 for the same period compares to $0.98 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $120.7 million, representing a surprise of +2.46%. The company delivered an EPS surprise of +13.40%, with the consensus EPS estimate being $0.97. While investors closely watch year-over-year changes in headline numbers -- revenue a ...

ServisFirst Bancshares (SFBS) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.40%. A quarter ago, it was expected that this holding company for ServisFirst Bank would post earnings of $0.91 per share when it actually produced earnings of $0.95, delivering a surprise of 4.40%. Over ...

Exhibit 99.1 SERVISFIRST BANCSHARES, INC. Announces Results For Third Quarter of 2024 Birmingham, Ala. – (BUSINESS WIRE) – October 21, 2024 – ServisFirst Bancshares, Inc. (NYSE: SFBS), today announced earnings and operating results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights: · Diluted EPS grew 16% from the second quarter of 2024, and 12% year-over-year. · Net interest margin increased 5 basis points from the second quarter of 2024. · Net income grew by 15% from the second quarte ...

In its upcoming report, ServisFirst Bancshares (SFBS) is predicted by Wall Street analysts to post quarterly earnings of $0.97 per share, reflecting a decline of 1% compared to the same period last year. Revenues are forecasted to be $120.7 million, representing a year-over-year increase of 11.9%. The consensus EPS estimate for the quarter has been revised 5.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial est ...

The market expects ServisFirst Bancshares (SFBS) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected ...

ServisFirst Bancshares (SFBS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. 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 ...

ServisFirst Bancshares (SFBS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices - - has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Si ...