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 ...

Core Insights - ServisFirst Bancshares (SFBS) reported quarterly earnings of $1.10 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, and showing an increase from $0.98 per share a year ago, representing an earnings surprise of 13.40% [1] - The company generated revenues of $123.67 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 2.46% and increasing from $107.83 million year-over-year [1] - ServisFirst has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.04 on revenues of $126.85 million, while the estimate for the current fiscal year is $3.89 on revenues of $473.65 million [4] - The estimate revisions trend for ServisFirst is currently favorable, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Financial - Savings and Loan industry, to which ServisFirst belongs, is currently ranked in the top 22% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Southern Missouri Bancorp (SMBC), another company in the same industry, is expected to report quarterly earnings of $1.11 per share, reflecting a year-over-year decline of 4.3% [5]

Core Viewpoint - ServisFirst Bancshares (SFBS) is expected to report quarterly earnings of $0.97 per share, a 1% decline year-over-year, while revenues are projected to increase by 11.9% to $120.7 million [1] Group 1: Earnings and Revenue Estimates - Analysts have revised the consensus EPS estimate for the quarter 5.1% higher over the last 30 days, indicating a collective reevaluation of initial estimates [2] - The forecast for revenues stands at $120.7 million, reflecting an 11.9% increase compared to the same period last year [1] Group 2: Key Financial Metrics - The 'Efficiency Ratio' is estimated to reach 37.6%, down from 38.6% a year ago [4] - The estimated 'Average Balance - Interest-earning Assets' is projected at $15.71 billion, up from $14.98 billion in the same quarter last year [5] - The consensus estimate for 'Net Interest Income' is $112.22 million, compared to $99.70 million a year ago [5] - Analysts forecast 'Total Non-interest Income' to be $8.55 million, slightly up from $8.14 million a year ago [5] Group 3: Stock Performance and Outlook - Shares of ServisFirst have increased by 4.3% in the past month, outperforming the Zacks S&P 500 composite, which moved up by 3.5% [6] - With a Zacks Rank 1 (Strong Buy), SFBS is anticipated to outperform the overall market in the near future [6]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for ServisFirst Bancshares (SFBS) despite higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - ServisFirst is expected to report quarterly earnings of $0.97 per share, reflecting a -1% change year-over-year, while revenues are projected to be $120.7 million, an increase of 11.9% from the previous year [3]. - The consensus EPS estimate has been revised 5.08% higher in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, which complicates predictions of an earnings beat [10]. - ServisFirst holds a Zacks Rank of 1, but the combination of a 0% Earnings ESP makes it challenging to predict a positive surprise [10]. Historical Performance - In the last reported quarter, ServisFirst exceeded the expected earnings of $0.91 per share by delivering $0.95, resulting in a surprise of +4.40% [11]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [12]. Market Dynamics - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [13]. - While ServisFirst may not appear to be a strong candidate for an earnings beat, other considerations should be evaluated before making investment decisions [15].

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 ...

Core Viewpoint - ServisFirst Bancshares (SFBS) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive outlook for its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, making it a valuable tool for investors [2][4]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, which can drive stock price movements [4]. Recent Performance and Outlook - ServisFirst is projected to earn $3.82 per share for the fiscal year ending December 2024, reflecting a year-over-year decline of 3.1%. However, the Zacks Consensus Estimate has increased by 1.9% over the past three months, indicating a positive trend in earnings estimates [8]. - The upgrade to Zacks Rank 1 positions ServisFirst in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - The system maintains a balanced distribution of ratings, ensuring that only the top 20% of stocks are recognized for superior earnings estimate revisions [9][10].

The reported revenue compares to the Zacks Consensus Estimate of $114.8 million, representing a surprise of -0.03%. The company delivered an EPS surprise of +4.40%, with the consensus EPS estimate being $0.91. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Efficiency Ratio: 37.3% compared to the 40% average estimate based on two analysts. Net charge-offs (reco ...

ServisFirst Bancshares, Inc. (NYSE:SFBS) Earnings Conference Call July 15, 2024 5:15 PM ET Company Participants Davis Mange - Director of IR Tom Broughton - CEO Henry Abbott - CCO Kirk Pressley - CFO Rodney Rushing - EVP & COO Conference Call Participants Steven Moss - Raymond James David Bishop - Hovde Group Stephen Scouten - Piper Sandler Operator Greetings and welcome to the ServisFirst Bancshares Second Quarter Earnings Call. At this time, all participants are in a listen-only mode. A brief question-and ...

ServisFirst, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $114.77 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.03%. This compares to year-ago revenues of $109.83 million. The company has topped consensus revenue estimates two times over the last four quarters. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include c ...

Core Insights - Analysts expect ServisFirst Bancshares (SFBS) to report quarterly earnings of $0.91 per share, reflecting a year-over-year decline of 7.1% [1] - Revenue projections stand at $114.8 million, indicating a 4.5% increase from the same quarter last year [1] Financial Metrics - The consensus estimate for the 'Efficiency Ratio' is 40.0%, compared to 35% reported in the same quarter last year [3] - 'Total Non-interest income' is expected to be $7.83 million, down from $8.58 million in the previous year [4] - 'Average Balance - Interest-earning Assets' is projected to reach $15.78 billion, up from $13.85 billion in the same quarter last year [6] - 'Net Interest Income' is estimated at $106.99 million, compared to $101.25 million a year ago [7] Market Performance - ServisFirst shares have increased by 2.8% over the past month, while the Zacks S&P 500 composite has risen by 5.1% [4] - The company holds a Zacks Rank 4 (Sell), indicating expected underperformance relative to the overall market [4] - There has been a downward revision of 0.5% in the consensus EPS estimate over the last 30 days, reflecting analysts' reassessment of their forecasts [4][8]