ServisFirst Bancshares (SFBS) Company Report

ServisFirst Bancshares reported Q4 2025 earnings per diluted share of $1.58 and an annual loan growth rate of 12%, with the net interest margin rising to 3.38% and the efficiency ratio dipping to below 30%.
The company's credit metrics remained stable, with full-year 2025 net charge-offs at 21 basis points and an allowance for credit losses ratio of 1.25%. Non-performing assets to total assets were 97 basis points at year-end, largely due to a single merchant developer.
For 2026, the company expects continued net interest margin expansion, driven by a $2 billion loan repricing opportunity, and anticipates high single-digit expense growth due to the new Texas market expansion, with the efficiency ratio projected to be in the low 30s.

Jan 20, 2026, 10:15 PM

Transcript

ServisFirst Bancshares Reports Strong Q4 2025 Earnings and Margin Expansion

SFBS

Earnings

Guidance Update

New Projects/Investments

ServisFirst Bancshares reported Q4 2025 earnings per diluted share of $1.58, marking a 32% increase from Q3 2025 and a 33% increase from Q4 2024, with full-year GAAP EPS at $5.06.
Loan growth was 12% annualized for Q4 2025, highlighted by a nearly 10% growth in the C&I loan book for the full year.
The Net Interest Margin (NIM) expanded significantly, rising from 2.92% in Q1 2025 to 3.38% in Q4 2025, with management anticipating continued expansion throughout 2026.
The efficiency ratio was below 30% for Q4 2025, and the full-year adjusted efficiency ratio was near 32%; for 2026, it is expected to be in the low 30s (30%-33%) due to investments in the new Texas franchise.
The company anticipates a $2 billion opportunity in the next 12 months from loan repricing, including $1 billion in low fixed-rate loans repricing from a weighted average yield of 5.18% to approximately 6.47%.

Jan 20, 2026, 10:15 PM

Transcript

ServisFirst Bancshares Reports Strong Q4 and Full-Year 2025 Results with Strategic Expansion

SFBS

Earnings

New Projects/Investments

Guidance Update

ServisFirst Bancshares reported diluted earnings per share of $1.58 for Q4 2025, a 32% increase from Q3 2025, and $5.06 on a GAAP basis for the full year 2025.
The company achieved 12% annualized loan growth in Q4 2025, with C&I loans growing nearly 10% for the full year.
Net Interest Margin (NIM) expanded to 3.38% in Q4 2025, up from 2.92% in Q1 2025, and is expected to continue expanding in 2026 due to a $2 billion loan repricing opportunity.
Credit quality metrics for Q4 2025 included net charge-offs of approximately $6.7 million and non-performing assets to total assets of 97 basis points.
ServisFirst is expanding into Texas with a new Houston team, projecting high single-digit expense growth for 2026 and an efficiency ratio between 30% and 33%.

Jan 20, 2026, 10:15 PM

Transcript

ServisFirst Bancshares, Inc. Announces Fourth Quarter and Full Year 2025 Results

SFBS

Earnings

Dividends

Revenue Acceleration/Inflection

Diluted earnings per share for Q4 2025 was $1.58, marking a 33% increase from the fourth quarter of 2024, and full-year 2025 diluted EPS reached $5.06, up 22% over 2024.
The net interest margin for Q4 2025 was 3.38%, an increase of 42 basis points from Q4 2024 and 29 basis points from Q3 2025.
The efficiency ratio improved to 29% in Q4 2025, down from 36% in Q4 2024 and 35% in Q3 2025.
Loans grew by $384.9 million, or 12% annualized, during the quarter, while deposits grew by $675.6 million, or 5%, year-over-year.
The cash dividend was increased to $0.38 from $0.335 in the third quarter, representing a 13% increase.

Jan 20, 2026, 9:04 PM

8-K

ServisFirst Bancshares, Inc. Reports Strong Fourth Quarter and Full-Year 2025 Financial Results

SFBS

Earnings

Dividends

Revenue Acceleration/Inflection

ServisFirst Bancshares, Inc. reported diluted earnings per share of $5.06 for 2025, an increase of 22% over 2024, and $1.58 for the fourth quarter of 2025, up 33% from the fourth quarter of 2024.
The company's net interest margin improved to 3.38% in Q4 2025, an increase of 42 basis points from Q4 2024, and the efficiency ratio improved to 29% from 36% in Q4 2024.
Loans grew by $384.9 million, or 12% annualized, during Q4 2025, and deposits increased by $675.6 million, or 5%, year-over-year.
The cash dividend increased to $0.38 from $0.335 in the third quarter, representing a 13% increase, and book value per share rose to $33.87, up 14% from Q4 2024.

Jan 20, 2026, 9:04 PM

Press Release

ServisFirst Bank Announces Texas Expansion and New Regional CEO

SFBS

New Projects/Investments

Management Change

Hiring

ServisFirst Bank, a subsidiary of ServisFirst Bancshares, is expanding into Texas with the opening of a new office in Houston.
Christopher Dvorachek has been appointed as Regional CEO, Texas & Executive Vice President to lead the bank's entry into Texas, bringing three decades of commercial banking experience.
This strategic move marks a significant milestone in the Bank’s continued growth and commitment to the region, building on its introduction of Correspondent Banking services in Texas in 2023.

Dec 15, 2025, 10:13 PM

Press Release

ServisFirst Bancshares Reports Q3 2025 Financial Performance and Growth Metrics

SFBS

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

ServisFirst Bancshares reported total assets of $17.6 billion and stockholders' equity of $1.8 billion as of September 30, 2025. For the nine months ended September 30, 2025, the company achieved a Return on Average Assets (ROAA) of 1.44% and an Efficiency Ratio of 34.56%.
The company demonstrated strong growth with a 10-year Compound Annual Growth Rate (CAGR) from 2014 to 2024 of 16% for Net Income for Common and 15% for Diluted EPS. Total loans reached $13.31 billion and total deposits were $14.11 billion as of September 30, 2025.
ServisFirst operates with a "loan making and deposit taking" business model, focusing on Commercial & Industrial (C&I) and Owner Occupied Commercial Real Estate (CRE) lending expertise, and maintained Non-Performing Assets (NPAs) at 0.96% of total assets for the period ended September 30, 2025.

Nov 6, 2025, 2:15 PM

8-K

ServisFirst Bancshares Reports Q3 2025 Results with Normalized EPS of $1.35

SFBS

Earnings

Guidance Update

New Projects/Investments

ServisFirst Bancshares reported normalized net income of $73.8 million and diluted earnings per share of $1.35 for the third quarter of 2025.
The normalized net interest margin (NIM) was 3.19% for Q3 2025, with a September spot rate of 3.28%, and the company expects continued quarterly improvement of 7 to 10 basis points.
Loan growth was below expectations in Q3 2025, but the loan pipeline is 40% higher than a year ago, with projected payoffs decreasing to 30% of the pipeline.
Non-performing assets increased by approximately $96 million to $930 million in Q3 2025, primarily due to a single relationship, though the bank obtained additional collateral.
The company strategically sold $83.4 million in bonds at a $7.8 million loss to reinvest at higher yields, with the full benefit expected in Q4 2025.

Oct 20, 2025, 9:15 PM

Transcript

Service First Bancshares Reports Q3 2025 Earnings and Provides Outlook

SFBS

Earnings

Guidance Update

New Projects/Investments

Service First Bancshares reported net income of $65,600,000 and diluted earnings per share of $1.2 for Q3 2025, with normalized figures of $73,800,000 and $1.35 respectively.
The company achieved a normalized net interest margin of 3.19% and anticipates continued margin expansion of 7 to 10 basis points per quarter, benefiting from expected Fed rate cuts.
Loan growth was below expectations in Q3 2025, but the loan pipeline increased 10% in October compared to September and is 40% higher year-over-year, with management expecting solid loan growth in Q4.
Credit quality showed net charge-offs of just over $9,000,000 (annualized 27 basis points of average loans) and a notable increase in non-performing assets by approximately $96,000,000, primarily from one relationship.
SFBS strategically restructured its bond portfolio, selling $83,400,000 in bonds at a $7,800,000 loss to reinvest at a higher yield, and invested in a solar tax credit, which lowered the effective average tax rate to 18.9% for the year.

Oct 20, 2025, 9:15 PM

Transcript

ServisFirst Bancshares, Inc. Announces Third Quarter 2025 Results

SFBS

Earnings

ServisFirst Bancshares, Inc. reported diluted earnings per share of $1.20 for the third quarter of 2025.
Adjusted diluted earnings per share for the third quarter of 2025 was $1.30, marking an 18.2% increase from the third quarter of 2024.
The company's net interest margin for Q3 2025 was 3.09%, an increase of 25 basis points from the third quarter of 2024.
Loans grew by $973.7 million, or 7.9%, and deposits grew by $960.4 million, or 7.3%, year-over-year for the third quarter of 2025.
Return on average common stockholders' equity was 14.88% for the third quarter of 2025.