ServisFirst Bancshares, Inc.
- Open
- 86.99
- Day high
- 86.99
- Day low
- 85.29
- Prev close
- 86.94
- Volume
- 363K
- Mkt cap
- $4.7B
- P/E (TTM)
- 15.8
- EPS (TTM)
- $5.42
- P/B
- 2.4
- P/S
- 4.6
- Yield
- 0.89%
- Per share
- $0.76
ServisFirst Bancshares, Inc. (SFBS) is a Financial Services company listed on NYSE. The stock is up 4% over the past year.
ServisFirst Bancshares, Inc. (SFBS) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SFBS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 20, 2026 | $1.53 | $1.54 | +0.7% | $159M | -1.9% |
| Jan 20, 2026 | $1.38 | $1.58 | +14.5% | $162M | +4.8% |
| Oct 20, 2025 | $1.34 | $1.30 | -3.0% | $136M | -7.2% |
| Jul 21, 2025 | $1.20 | $1.21 | +0.8% | $132M | -10.6% |
| Jan 27, 2025 | $1.11 | $1.19 | +7.2% | $128M | +1.0% |
| Oct 21, 2024 | $0.97 | $1.10 | +13.4% | $124M | +2.5% |
| Jul 15, 2024 | $0.91 | $0.95 | +4.4% | $115M | +0.2% |
| Jan 29, 2024 | $0.88 | $0.77 | -12.5% | $94M | -12.2% |
| Oct 16, 2023 | $0.95 | $0.98 | +3.2% | $108M | -0.1% |
| Jul 20, 2023 | $0.89 | $0.98 | +10.1% | $110M | +3.7% |
| Apr 17, 2023 | $1.05 | $1.06 | +1.0% | $115M | -4.6% |
| Jan 23, 2023 | $1.24 | $1.24 | +0.0% | $117M | -14.6% |
SFBS insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 20, 2026 | Smith Hatton C.V.director | Grant | 788 | — |
| May 20, 2026 | Holloway Elizabeth Buggdirector | Grant | 788 | — |
| May 20, 2026 | Cashio J. Richarddirector | Grant | 788 | — |
| May 20, 2026 | Mettler Christopher Jdirector | Grant | 788 | — |
| May 20, 2026 | Filler James Jdirector | Grant | 788 | — |
| May 20, 2026 | TUDER IRMA LOYAdirector | Grant | 788 | — |
| Mar 30, 2026 | Mettler Christopher Jdirector | Sell | 3,354 | $94.20 |
| Mar 30, 2026 | Mettler Christopher Jdirector | Sell | 4,000 | $96.25 |
| Mar 30, 2026 | Mettler Christopher Jdirector | Sell | 1,500 | $86.50 |
| Mar 30, 2026 | Mettler Christopher Jdirector | Sell | 1,000 | $85.54 |
| Mar 30, 2026 | Mettler Christopher Jdirector | Sell | 2,500 | $93.00 |
| Mar 30, 2026 | Mettler Christopher Jdirector | Sell | 556 | $96.25 |
| Mar 30, 2026 | Mettler Christopher Jdirector | Sell | 1,805 | $87.14 |
| Mar 24, 2026 | Cashio J. Richarddirector | Sell | 42,000 | $74.50 |
| Mar 13, 2026 | TUDER IRMA LOYAdirector | Option | 8,000 | $35.65 |
Source: SFBS SEC Form 4 filings, latest May 20, 2026. For informational purposes only — not investment advice.
See the full SFBS insider & 13F page →ServisFirst Bancshares, Inc. company profile
Overview
ServisFirst Bancshares, Inc. (NASDAQ:SFBS) is a regional bank holding company founded in 2005 and headquartered in Birmingham, Alabama. The company operates through its wholly-owned subsidiary, ServisFirst Bank, which provides commercial banking services across the Southeastern United States. Since going public in 2014, ServisFirst has grown from a startup community bank to a regional financial institution with over $17 billion in assets, serving customers through 23 full-service banking offices and 2 loan production offices across Alabama, Florida, Georgia, South Carolina, and Tennessee.
Business
ServisFirst operates in the regional banking industry, providing traditional commercial banking services to businesses and individuals in the Southeastern United States. The banking industry serves as a financial intermediary, accepting deposits from customers and lending those funds to borrowers, earning income from the difference between interest paid on deposits and interest earned on loans. The company's core business segments include: 1. **Commercial Banking (Primary Revenue Driver)**: ServisFirst focuses primarily on commercial and industrial lending, providing working capital loans, equipment financing, and commercial real estate loans to businesses. This segment generates the majority of the bank's net interest income through loan origination and management. 2. **Commercial Real Estate Lending**: The bank provides construction and development loans, as well as permanent financing for commercial properties. This includes owner-occupied real estate financing, which has been a growth area representing significant loan portfolio expansion. 3. **Correspondent Banking Services**: ServisFirst provides banking services to other community banks, maintaining relationships with 378 correspondent banks across 30 states. This business line has shown strong growth, with 28% year-over-year expansion, and serves as both a deposit gathering mechanism and fee income generator. 4. **Consumer Banking**: Though smaller than commercial operations, the bank offers traditional consumer products including residential mortgages, home equity loans, vehicle financing, and personal loans, along with standard deposit products like checking, savings, and certificates of deposit. The bank operates with a relationship-focused business model, emphasizing personal service and local decision-making, which differentiates it from larger national banks in its markets.
Revenue model
ServisFirst generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This traditional banking model accounted for the vast majority of the company's $478 million in total revenue for 2024. The bank's primary revenue streams include: 1. **Loan Interest Income**: ServisFirst earns interest on its loan portfolio, which totaled approximately $13 billion. New loan production is currently priced around 8%, with about 43% of the total loan portfolio consisting of floating-rate loans, allowing the bank to benefit from rising interest rate environments. 2. **Deposit-Based Funding**: The bank pays interest on customer deposits, which serve as its primary funding source. ServisFirst has maintained pricing discipline, with non-interest bearing deposits comprising 20% of total deposits, providing a significant cost advantage. 3. **Fee Income**: The bank generates non-interest income through correspondent banking services, treasury management, wire transfers, and other banking fees, though this represents a smaller portion of total revenue. Several factors influence ServisFirst's profitability margins. **Positive margin drivers** include rising interest rates that allow repricing of floating-rate loans while maintaining deposit pricing discipline, loan portfolio growth in higher-yielding commercial segments, and the bank's high percentage of non-interest bearing deposits. **Negative margin pressures** come from deposit competition requiring higher rates to retain customers, credit losses during economic downturns, and regulatory compliance costs. The bank's net interest margin improved significantly from 2.57% in Q4 2023 to 2.96% in Q4 2024, demonstrating effective asset-liability management in a rising rate environment.
Competitive moat
ServisFirst possesses a moderate but defensible competitive moat built primarily around relationships and local market expertise rather than technological or regulatory barriers. The bank's competitive advantages center on its relationship-based commercial banking model, where experienced bankers maintain long-term client relationships and provide personalized service that larger national banks often cannot match. The company's correspondent banking network represents a particularly strong moat element, serving 378 community banks across 30 states. This creates switching costs for correspondent bank customers and provides ServisFirst with a diversified deposit base and fee income stream that would be difficult for competitors to replicate quickly. However, the banking industry faces significant competitive pressures that limit moat strength. **Primary competitive threats** include larger regional and national banks with greater resources and technology capabilities, credit unions offering tax-advantaged pricing, and emerging fintech companies providing digital banking solutions. **Potential disruption** could come from digital-first banks that offer superior customer experience and lower operating costs, as well as non-bank lenders that can compete for commercial loans without the regulatory burden of deposit-taking institutions. The bank's geographic concentration in the Southeast, while providing local market expertise, also creates vulnerability to regional economic downturns. Additionally, the commoditized nature of basic banking services means that sustained competitive advantage requires continuous investment in technology, talent, and customer relationships. ServisFirst's relatively small size compared to major regional banks may limit its ability to invest in technology infrastructure at the same scale as larger competitors.
Risks & safety
ServisFirst demonstrates a **strong margin of safety** with robust financial metrics and conservative risk management practices. **Liquidity and Solvency:** - Minimal debt burden with debt-to-equity ratio of only 4.0% - Strong cash position with $2.4 billion in cash and short-term investments - Current ratio of 87.0, indicating excellent short-term liquidity - No reliance on brokered deposits or Federal Home Loan Bank advances **Credit Quality:** - Exceptionally low net charge-offs at 9 basis points annually - Non-performing assets at only 26 basis points of total assets - Loan loss reserve of 1.30% of total loans provides adequate cushion - Diversified loan portfolio with strong underwriting standards **Valuation Metrics:** - Price-to-earnings ratio of 17.7x, reasonable for a quality regional bank - Price-to-book ratio of 2.86x reflects premium but justified by strong ROE of 14.1% - Return on equity of 14.1% demonstrates efficient capital utilization **Other Considerations:** - Consistent profitability with 10% earnings per share growth in 2024 - Efficiency ratio below 37% indicates strong operational control - Geographic diversification across multiple Southeastern markets reduces concentration risk
Recent development
Over the past few years, ServisFirst has executed a measured expansion strategy focused on geographic diversification and talent acquisition. The bank has successfully entered **new markets including Memphis, Tennessee and Auburn, Alabama**, representing strategic expansion into attractive commercial banking markets with strong economic fundamentals. **Talent acquisition** has been a key strategic priority, with the bank adding 14 new bankers in Q2 2024 alone and maintaining a total of 155 frontline bankers. This relationship-banker model allows ServisFirst to compete effectively against larger institutions by providing personalized service and local decision-making authority. The **correspondent banking division** has emerged as a significant growth driver, expanding to serve 378 banks across 30 states with particular strength in Texas, Tennessee, and Kentucky markets. This business line has achieved 28% year-over-year growth and provides both deposit funding and fee income diversification. **Technology and operational improvements** include completion of a credit card system conversion and continued investment in digital banking capabilities, though the bank maintains its relationship-focused approach rather than pursuing a digital-first strategy. **Risk management enhancements** were demonstrated during the 2023 regional banking crisis, where ServisFirst's focus on deposit gathering and avoidance of brokered deposits provided stability. The bank has maintained conservative underwriting standards while selectively growing its loan portfolio, with particular emphasis on owner-occupied commercial real estate financing. The bank has also shown **margin expansion discipline**, successfully repricing loans in the rising rate environment while maintaining competitive deposit pricing, resulting in net interest margin improvement from 2.57% to 2.96% over the past year.
SFBS company profile · for informational purposes only — not investment advice.
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