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ServisFirst Bancshares
(NYSE:SFBS)
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Rating:76Outperform
Price Target:
$93.00
▲(19.45% Upside)
Action:Reiterated
Date:06/16/26
The score is driven primarily by solid financial performance (strong growth and profitability with improving leverage) and strong technical momentum (price above key moving averages with positive MACD). Earnings-call commentary supports the outlook via expected margin tailwinds and strong capital, while valuation is fair but not especially cheap and the dividend yield is modest.
Positive Factors
Repricing opportunity driving NIM tailwind
A large stock of maturing low-yield loans (about $2.0B near-term and $2.9B over 3 years) provides a durable asset-yield boost as loans reset higher. This structural repricing runway supports sustained net interest income and margin expansion absent major rate reversals.
Negative Factors
Credit remediation and charge-offs
While largely idiosyncratic, the Q1 charge-offs and remaining workout exposure indicate that asset-quality remediation is ongoing. Elevated NPAs and active workouts can pressure provisions, compress near-term earnings, and require management bandwidth during recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Repricing opportunity driving NIM tailwind
A large stock of maturing low-yield loans (about $2.0B near-term and $2.9B over 3 years) provides a durable asset-yield boost as loans reset higher. This structural repricing runway supports sustained net interest income and margin expansion absent major rate reversals.
Read all positive factors
ServisFirst Bancshares (SFBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.84B
Dividend Yield1.82%
Average Volume (3M)240.29K
Price to Earnings (P/E)16.3
Beta (1Y)0.90
Revenue Growth2.58%
EPS Growth23.10%
CountryUS
Employees636
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.42
Shares Outstanding54,662,823
10 Day Avg. Volume302,669
30 Day Avg. Volume240,288
Financial Highlights & Ratios
PEG Ratio0.66
Price to Book (P/B)2.12
Price to Sales (P/S)3.86
P/FCF Ratio11.24
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue5.74
Enterprise Value/Gross Profit10.65
Enterprise Value/Ebitda15.89
Forecast
1Y Price Target
$91.00Price Target Upside16.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.39
Revenue Forecast (FY)$680.19M
ServisFirst Bancshares Business Overview & Revenue Model
Company Description
ServisFirst Bancshares, Inc. operates as the parent entity for ServisFirst Bank, providing a comprehensive range of financial solutions to both individual consumers and corporate clients. Its deposit offerings encompass checking, savings, money ma...
How the Company Makes Money
ServisFirst Bancshares makes money primarily through its bank subsidiary by earning interest income and fee-based (noninterest) income, offset by interest expense and operating costs. The core revenue engine is net interest income: the bank genera...
ServisFirst Bancshares Earnings Call Summary
Earnings Call Date:Apr 20, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 20, 2026
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial performance: strong year-over-year EPS growth (+33%), expanding net interest margin (+61 bps YoY), best‑in‑class efficiency (sub‑30%), solid loan and deposit growth, and improving capital and liquidity metrics. Reported headwinds are manageable and largely idiosyncratic — a specific credit charge-off, modest NPA uptick with known near-term reductions, some nonrecurring BOLI volatility, and near-term expense pressure from intentional Texas expansion. Management highlighted meaningful loan repricing opportunities (material pickup on maturing fixed‑rate loans) and expects asset-driven margin expansion, while noting macro/competitive sensitivities (rate path, gas prices, price competition). Overall, the positives materially outweigh the negatives.Positive Updates
Strong Earnings and EPS Growth
Net income of $83.0M; diluted EPS $1.52 (normalized $1.54) vs $1.16 in Q1 2025 — EPS up 33% year-over-year. Return on average assets 1.89% and return on average common equity 17.91%.
Negative Updates
Net Charge-offs and Troubled Credits
Net charge-offs ~ $8.3M in Q1, largely related to the final resolution of one long-time troubled borrower. Management continues active workout efforts on other complex credits.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Earnings and EPS Growth
Net income of $83.0M; diluted EPS $1.52 (normalized $1.54) vs $1.16 in Q1 2025 — EPS up 33% year-over-year. Return on average assets 1.89% and return on average common equity 17.91%.
Read all positive updates
Company Guidance
Guidance from the call emphasized continued margin and capital tailwinds: management expects further net interest margin expansion (roughly +7–9 bps in a flat rate environment) driven mainly by asset repricing (they cite ~ $2.0B of near‑term low‑fixed loans to reprice and ~$2.9B maturing in the next 3 years, including ~$1.2B maturing in the next 12 months with a 5.19% current yield versus a ~6.5% “going‑on” yield), plus ongoing deposit repricing (interest‑bearing deposit cost = 2.79%, ~$1.3B of time deposits with ~5 months remaining). They flagged expense discipline (expect mid‑ to high‑single‑digit expense growth, efficiency to remain around the high‑29% area), a BOLI run‑rate of about $3.8M, and continued credit cleanup (Q1 net charge‑offs ≈ $8.3M, allowance = 125 bps of loans, NPAs = 100 bps of assets with an anticipated near‑term NPA reduction of ≈ $17M). Operational/strategic items tied to the outlook include solid Q1 organic growth (loans +7% annualized, deposits +8% annualized), Texas build‑out (26,000 sq ft lease, 18 bankers onboard), strong capital and liquidity (prelim CET1 = 11.86%, TCE/tangible assets = 10.46%, cash ≈ $1.84B ≈10% of assets), and the expectation that these factors will continue to drive EPS and ROA/ROE improvement.ServisFirst Bancshares Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02B | 1.02B | 977.12M | 828.82M | 580.46M | 437.43M |
| Gross Profit | 550.24M | 526.97M | 456.07M | 407.79M | 454.43M | 374.11M |
| EBITDA | 368.78M | 346.86M | 283.77M | 249.02M | 312.95M | 257.74M |
| Net Income | 296.35M | 276.60M | 227.24M | 206.85M | 251.50M | 207.73M |
Balance Sheet | ||||||
| Total Assets | 18.17B | 17.73B | 17.35B | 16.13B | 14.60B | 15.45B |
| Cash, Cash Equivalents and Short-Term Investments | 2.04B | 1.16B | 2.82B | 2.86B | 1.46B | 5.01B |
| Total Debt | 1.58B | 1.51B | 2.06B | 1.32B | 1.68B | 1.78B |
| Total Liabilities | 16.26B | 15.88B | 15.73B | 14.69B | 13.30B | 14.30B |
| Stockholders Equity | 1.91B | 1.85B | 1.62B | 1.44B | 1.30B | 1.15B |
Cash Flow | ||||||
| Free Cash Flow | 371.39M | 349.26M | 248.27M | 193.39M | 268.98M | 256.88M |
| Operating Cash Flow | 377.39M | 355.20M | 252.91M | 197.30M | 272.63M | 266.33M |
| Investing Cash Flow | -1.07B | -1.15B | -948.53M | -200.43M | -2.64B | -1.56B |
| Financing Cash Flow | -818.31M | 49.35M | 941.16M | 1.32B | -1.04B | 3.31B |
ServisFirst Bancshares Technical Analysis
Positive
77.86
Price Trends
79.07
Positive
78.79
Positive
77.01
Positive
Market Momentum
2.14
Negative
75.01
Negative
98.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SFBS, the sentiment is Positive. The current price of 77.86 is below the 20-day moving average (MA) of 80.68, below the 50-day MA of 79.07, and above the 200-day MA of 77.01, indicating a bullish trend. The MACD of 2.14 indicates Negative momentum. The RSI at 75.01 is Negative, neither overbought nor oversold. The STOCH value of 98.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SFBS.
ServisFirst Bancshares Risk Analysis
ServisFirst Bancshares disclosed 37 risk factors in its most recent earnings report. ServisFirst Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
ServisFirst Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $4.84B | 16.33 | 16.32% | 1.82% | 2.58% | 23.10% | |
76 Outperform | $4.84B | 11.61 | 13.16% | 2.03% | 2.00% | 2.22% | |
72 Outperform | $6.12B | 14.29 | 10.81% | 1.02% | 0.32% | 17.91% | |
72 Outperform | $5.47B | 11.43 | 16.60% | ― | 8.53% | 12.29% | |
71 Outperform | $3.85B | 15.46 | 13.62% | 1.70% | 4.32% | 10.56% | |
71 Outperform | $5.99B | 14.95 | 6.99% | 3.83% | 60.27% | 7.08% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
SFBS
ServisFirst Bancshares
88.52
12.47
16.40%
ABCB
Ameris Bancorp
91.00
26.81
41.78%
BANF
BancFirst
114.58
-7.45
-6.11%
AX
Axos Financial
96.23
20.19
26.55%
IBOC
International Bancshares
77.82
12.59
19.30%
AUB
Atlantic Union Bankshares
41.86
11.85
39.48%
ServisFirst Bancshares Corporate Events
Dividends
ServisFirst Bancshares Declares Quarterly Cash Dividend for Q2
Positive
Jun 15, 2026
On June 15, 2026, ServisFirst Bancshares, Inc. said its board declared a quarterly cash dividend of $0.38 per share for the second quarter, to be paid on July 10, 2026, to shareholders of record as of July 1, 2026. The move underscores the Birming...
Business Operations and StrategyFinancial Disclosures
ServisFirst Updates Investor Presentation Highlighting Continued Growth
Positive
May 26, 2026
ServisFirst Bancshares has released an updated investor presentation reflecting current-quarter financial information, including as of March 31, 2026, which is now available via its investor relations site and intended for use in ongoing discussio...
Executive/Board ChangesShareholder Meetings
ServisFirst Shareholders Approve Directors, Pay and Auditor
Positive
May 19, 2026
ServisFirst Bancshares, Inc. held its 2026 Annual Meeting of Stockholders on May 18, 2026, where shareholders voted on board elections, executive compensation and the appointment of the company’s independent auditor. With 47,395,821 shares r...
Business Operations and StrategyFinancial Disclosures
ServisFirst Bancshares Delivers Strong First-Quarter 2026 Results
Positive
Apr 20, 2026
ServisFirst Bancshares reported strong first-quarter 2026 results on April 20, 2026, with diluted earnings per share of $1.52, up 31% from a year earlier, and net income rising to $83.0 million. The bank expanded its net interest margin to 3.53%, ...
Dividends
ServisFirst Bancshares Declares Quarterly Cash Dividend for Q1
Positive
Mar 16, 2026
On March 16, 2026, ServisFirst Bancshares, Inc., the Birmingham, Alabama-based bank holding company for ServisFirst Bank, reported that its board of directors declared a quarterly cash dividend of $0.38 per share. The dividend is scheduled to be p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.