ServisFirst Bancshares, Inc. Announces Results for Fourth Quarter of 2025

Core Insights - ServisFirst Bancshares, Inc. reported strong financial performance for the fourth quarter of 2025, with significant growth in net income and earnings per share compared to previous periods [3][7][21]. Financial Performance - Net income for the fourth quarter of 2025 was $86.4 million, a 31.7% increase from $65.6 million in the third quarter of 2025 and a 32.5% increase from $65.2 million in the fourth quarter of 2024 [4][7]. - Diluted earnings per share reached $1.58, up 31.7% from $1.20 in the third quarter of 2025 and up 32.8% from $1.19 in the fourth quarter of 2024 [4][7]. - Adjusted net income for the fourth quarter was $86.4 million, reflecting a 20.9% increase from $71.4 million in the fourth quarter of 2024 [6][21]. Loan and Deposit Growth - Loans increased by $384.9 million, or 12% annualized, during the fourth quarter of 2025, reaching a total of $13.70 billion [11][12]. - Total deposits grew by $675.6 million, or 5%, year-over-year, totaling $14.22 billion by the end of the fourth quarter of 2025 [12][21]. Interest Income and Margin - Net interest income for the fourth quarter was $146.5 million, compared to $133.4 million in the third quarter of 2025 and $123.2 million in the fourth quarter of 2024 [9][21]. - The net interest margin improved to 3.38%, up 42 basis points from the fourth quarter of 2024 and 29 basis points from the third quarter of 2025 [5][21]. Efficiency and Cost Management - The efficiency ratio improved to 28.78% in the fourth quarter of 2025, down from 35.54% in the fourth quarter of 2024 [15][21]. - Non-interest expense decreased by $213,000, or 0.5%, to $46.7 million for the fourth quarter of 2025 compared to $46.9 million in the fourth quarter of 2024 [15][21]. Capital and Liquidity - The company maintained strong liquidity with $1.63 billion in cash and cash equivalent assets, representing 9% of total assets [5][21]. - Common equity tier 1 capital to risk-weighted assets increased from 11.49% to 11.65% year-over-year [5][21]. Market Expansion - The company entered the Texas market with a team of commercial bankers, indicating strategic growth and market share expansion [5].