Company Overview and Growth - ServisFirst Bancshares experienced organic asset growth at a 24% compound annual growth rate (CAGR) since its founding in 2005[5] - As of December 31, 2024, the company's total assets reached $1735 billion, with stockholders' equity at $162 billion[5] - The company's gross loans have grown at a 14% CAGR, total deposits at a 15% CAGR, net income for common at a 16% CAGR, and diluted EPS at a 15% CAGR over the 10-year period from 2014 to 2024[5] Financial Performance and Metrics - For the three months ended December 31, 2024, ServisFirst reported a Return on Average Assets (ROAA) of 152% and an efficiency ratio of 3554%[4] - The company's stock price has increased by more than 5000% since its initial capital raise in 2005, resulting in a 19-year CAGR of 23%[17] - Tangible Book Value has increased year-over-year by a minimum of 10% every year since the bank opened in 2005, with a 19-year CAGR of 17%[17] Loan Portfolio and Credit Quality - As of December 31, 2024, Non-Performing Assets (NPAs) represented 026% of total assets, and Non-Performing Loans (NPLs) constituted 034% of total loans[5] - Approximately 63% of the bank's loan book is managed by approximately 20% of the bank's calling officers[26] - Approximately $15 billion of projected cash flows from fixed rate loans over the next 12 months at a weighted average rate of 476%[52] Correspondent Banking - As of December 31, 2024, the Correspondent Banking Division had 378 relationships with a total balance of $2716 billion, including $278532 million in non-interest bearing deposits, $523966 million in interest-bearing deposits, and $1913 billion in Fed Funds purchased[31]