Financial Performance - Net income available to common stockholders for Q2 2023 was $53.4 million, a decrease of $8.7 million or 14.0% from $62.1 million in Q2 2022[110] - Basic and diluted earnings per common share for Q2 2023 were both $0.98, compared to $1.14 in the same period of 2022[110] - Net income for Q2 2023 was $53.4 million, down from $62.1 million in Q2 2022, representing a decrease of 11.2%[157] - Noninterest income totaled $8.6 million for the three months ended June 30, 2023, a decrease of $924,000 or 9.7% compared to $9.5 million in 2022, and $14.9 million for the six months ended June 30, 2023, down 14.6% from $17.5 million in 2022[176] Asset and Liability Management - As of June 30, 2023, total assets increased to $15.1 billion, up $477.1 million or 3.3% from $14.6 billion at December 31, 2022[109] - Total loans decreased to $11.6 billion, down $83.1 million or 0.7% from $11.7 billion at December 31, 2022[122] - Total deposits rose to $12.3 billion, an increase of $741.4 million or 6.4% from $11.5 billion at December 31, 2022[109] - The company reported a total stockholders' equity of $1.36 billion, representing 9.04% of total assets as of June 30, 2023, up from 8.89% at the end of 2022[144] - The company maintained a CET 1 Capital to Risk Weighted Assets ratio of 10.37% as of June 30, 2023, exceeding the required 4.50%[147] Credit Quality - The allowance for credit losses is believed adequate to absorb all expected future losses over the contractual life of the loans in the portfolio[123] - Nonperforming loans increased to $22.8 million at June 30, 2023, from $17.8 million at December 31, 2022, reflecting a rise of 28.3%[129] - Net charge-offs for the six months ended June 30, 2023, were $4.9 million, compared to $3.1 million for the same period in 2022, indicating an increase of 57.4%[127] - Provision for credit losses decreased to $6.7 million for the three months ended June 30, 2023, down from $9.5 million in the same period of 2022, and $10.9 million for the six months ended June 30, 2023, down from $14.9 million in 2022[175] Interest Income and Expense - Net interest income for Q2 2023 was $101.3 million, a decrease of $15.1 million or 13% from Q2 2022[115] - Net interest margin for Q2 2023 was 2.93%, down 33 basis points from 3.26% in Q2 2022[115] - The yield on loans for Q2 2023 was 5.94%, up from 4.38% in Q2 2022, indicating an increase of 1.56 percentage points[160] - The cost of total interest-bearing liabilities increased to 3.55% in Q2 2023 from 0.46% in Q2 2022, reflecting significant upward pressure on funding costs[160] - Net interest spread decreased to 1.94% in Q2 2023 from 3.08% in Q2 2022[165] Deposits and Funding - Average deposits for Q2 2023 were $11.6 billion, a decrease of $459.4 million or 4% year-over-year[115] - The company estimates approximately $7.8 billion in uninsured deposits as of June 30, 2023, compared to $7.5 billion at December 31, 2022[136] - The company had $1.30 billion in federal funds purchased at June 30, 2023, with an average interest rate of 5.13% for the quarter[139] - Liquid assets totaled $1.7 billion, with an additional $1.9 billion available from loans pledged to the FHLB[140] Operational Efficiency - Total noninterest expense was $38.5 million for the three months ended June 30, 2023, a decrease of $1.4 million or 3.4% from $39.8 million in 2022, while for the six months it increased to $78.1 million, up 1.4% from $77.0 million in 2022[178] - Salaries and employee benefits decreased by $1.9 million or 9.4% to $18.8 million for the three months ended June 30, 2023, compared to $20.7 million in 2022[179] - The number of full-time equivalent employees increased from 540 as of June 30, 2022, to 577 as of June 30, 2023[179] Regulatory and Risk Management - The asset-liability committee monitors economic indicators and conducts quarterly analyses of the rate sensitivity position to manage interest rate risk[184] - The gap between rate-sensitive assets and liabilities is analyzed to maintain net interest margins within a targeted range, with a policy to limit changes to no more than 10% for a 100 basis point change in interest rates[185] - The company is categorized as well-capitalized under FDIC guidelines as of June 30, 2023[145]

Financial Data and Key Metrics Changes - The bank reported a decline in the loan-to-deposit ratio to 85%, indicating strong deposit growth and a stable balance sheet [7][8] - The net interest margin decreased from 3.15% to 2.93%, with expectations for stabilization in Q3 and improvement in Q4 [21][22] - The bank's capital ratios improved, with the Tier 1 leverage ratio increasing from 9.91% to 10.25% and the CET1 ratio rising from 10.01% to 10.37% [23] Business Line Data and Key Metrics Changes - The correspondent banking division saw total active relationships increase to 360 banks, with total fundings at $1.84 billion [12] - Credit card revenue increased, with new correspondent agent banks added during the quarter [13] - The bank's allowance for loan and lease losses (ALLL) grew to 1.31% of total loans, reflecting a conservative outlook [16] Market Data and Key Metrics Changes - The bank experienced a slowdown in loan demand as borrowers assessed the economic environment, but normalization is expected in the coming months [9] - Noninterest-bearing deposits remained stable, with a focus on maintaining strong core banking relationships [21][36] Company Strategy and Development Direction - The bank is focused on loan repricing efforts to improve margins, with a significant portion of new loans being floating rate [10][22] - The management emphasized the importance of growing core deposits and maintaining a strong balance sheet without reliance on broker deposits [7][8] - The bank is actively exploring opportunities in markets like Nashville and Florida, where loan demand remains strong [32] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the economic environment, indicating a return to normal lending practices [27][33] - The bank is confident in its ability to generate loan growth in line with deposit growth, projecting a one-to-one relationship [34] - The management noted that the bank's credit quality remains strong, with no significant deterioration in the commercial real estate portfolio [16][19] Other Important Information - The bank achieved its liquidity goal of $1 billion, with cash and short-term treasuries exceeding this amount [21] - The bank's efficiency ratio remains one of the best in the industry, with efforts to control expense growth [24][62] Q&A Session All Questions and Answers Question: Can you talk about the balance between loan growth and deposit growth for the rest of the year? - Management indicated that they are becoming more confident and expect loan growth to match deposit growth, stating that for every dollar of deposits, they will likely make a dollar of loans [27][34] Question: What is driving the stability in noninterest-bearing deposits compared to peers? - Management noted that as a business bank, they have significant size accounts, which can fluctuate but have remained stable recently [38] Question: Can you provide insight into the bond portfolio additions this quarter? - The bank added $350 million in short-term treasuries with yields around 5.35% to 5.40%, reducing the average life of the portfolio to 3.2 years [43][44] Question: Any updates on the commercial real estate book? - Management confirmed no material changes in the commercial real estate portfolio, with office loans representing only 3.5% of the total loan portfolio [52][53] Question: What are the expectations for margin stabilization and growth? - Management expects margins to stabilize in Q3 and begin to expand in Q4, with loan repricing efforts contributing positively [55][61]

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 MARCH 31, 2023 ☐ 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) D ...

ServisFirst Bancshares, Inc. (NYSE:SFBS) Q1 2023 Earnings Conference Call April 17, 2023 5:15 PM ET Company Participants David Mange - Director of Investor Relations Tom Broughton - Chief Executive Officer Rodney Rushing - Chief Operating Officer Henry Abbott - Chief Credit Officer Bud Foshee - Chief Financial Officer Conference Call Participants Brad Milsaps - Piper Sandler Kevin Fitzsimmons - D.A. Davidson Steve Moss - Raymond James David Bishop - Hovde Group Operator Greetings and welcome to ServisFirst ...

Commission file number 001-36452 SERVISFIRST BANCSHARES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-0734029 (State or Other Jurisdiction of Incorporation or Organization) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

ServisFirst Bancshares, Inc. (NYSE:SFBS) Q4 2022 Earnings Conference Call January 23, 2022 5:15 PM ET Company Participants David Mange - Director of Investor Relations Tom Broughton - CEO Bud Foshee - CFO Henry Abbott - Chief Credit Officer Rodney Rushing - Executive VP & COO Conference Call Participants Brad Milsaps - Piper Sandler David Bishop - Hovde Group Operator Greetings and welcome to ServisFirst Bancshares Fourth Quarter Earnings Call. At this time, all participants are in a listen-only mode. A bri ...

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, 2022 ☐ 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 Charte ...

ServisFirst Bancshares, Inc. (NYSE:SFBS) Q3 2022 Earnings Conference Call October 17, 2022 5:15 PM ET Company Participants Davis Mange - Head, IR Tom Broughton - CEO Bud Foshee - CFO Henry Abbott - Chief Credit Officer Rodney Rushing - COO Conference Call Participants Brad Milsaps - Piper Sandler Kevin Fitzsimmons - D.A. Davidson David Bishop - Hovde Group Operator Greetings. Welcome to ServisFirst Bancshares Third Quarter Earnings Call. [Operator Instructions] Please note, this conference is being recorded ...

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 JUNE 30, 2022 ☐ 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) De ...

ServisFirst Bancshares, Inc. (NYSE:SFBS) Q2 2022 Earnings Conference Call July 18, 2022 5:15 PM ET Company Participants Davis Mange - Head, Investor Relations Tom Broughton - Chief Executive Officer Bud Foshee - Chief Financial Officer Henry Abbott - Chief Credit Officer Rodney Rushing - Chief Operating Officer Conference Call Participants Brad Milsaps - Piper Sandler Kevin Fitzsimmons - D.A. Davidson David Bishop - Hovde Group Operator Greetings. Welcome to the ServisFirst Bancshares’ Second Quarter Earnin ...