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ServisFirst Bancshares (SFBS)
NYSE:SFBS
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.19Last Year’s EPS
0.94Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: -0.94%
|Next Earnings Date:Apr 21, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant growth in earnings, net interest margin, and book value, alongside low charge-offs and successful market expansion. However, there were challenges with loan payoffs and operational expenses.Company Guidance
During the ServisFirst Bancshares fourth quarter and full-year earnings call for fiscal year 2024, the company highlighted several positive metrics. Earnings per share increased by 10% compared to 2023, and the net interest margin rose from 2.57% in Q4 2023 to 2.96% in Q4 2024. The book value grew by 12% year-over-year. Net loan growth was $268 million for the quarter, with loan payoffs accounting for about 40% of gross loan growth. The loan pipeline increased by $150 million post-election, with C&I loan line utilization rising from 36.7% to 38.4%. Deposit growth was strong, especially in non-interest-bearing deposits, and the correspondent channel funding grew by 28% year-over-year. The allowance for loan loss reserve to total loans was stable at 1.30%, with non-performing assets at 26 basis points. The bank's tax rate for the quarter was 17.9%, benefiting from a tax credit investment adjustment, and the efficiency ratio improved throughout the year. Overall, the company expressed optimism for continued growth and performance into 2025.Earnings and Profit Growth
Diluted earnings per share increased by 10% over 2023, and net income rose by $5.2 million over the third quarter, marking a 9% increase.
Net Interest Margin Improvement
Net interest margin improved from 2.57% in Q4 2023 to 2.96% in Q4 2024, with a consistent upward trend throughout the year.
Book Value Growth
The book value grew by 12% year-over-year, indicating strong financial health and shareholder value.
Low Charge-Offs and Strong Credit Performance
Annualized net charge-offs were at 9 basis points for the fourth quarter and the entire year, lower than the 10 basis points in 2023.
Deposit Growth
The company saw significant deposit growth, with non-interest bearing deposits increasing, and a 28% year-over-year growth in funding from correspondent banking.
Expansion into New Markets
Successful expansion in Memphis, Tennessee, and Auburn, Alabama, with the addition of four new producers in the fourth quarter.
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SFBS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SFBS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $89.68 | $92.07 | +2.67% |
| Oct 21, 2024 | $82.48 | $84.14 | +2.01% |
| Jul 15, 2024 | $70.34 | $79.46 | +12.97% |
| Apr 22, 2024 | $60.54 | $61.84 | +2.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ServisFirst Bancshares (SFBS) report earnings?
ServisFirst Bancshares (SFBS) is schdueled to report earning on Apr 21, 2025, TBA Not Confirmed.
What is ServisFirst Bancshares (SFBS) earnings time?
ServisFirst Bancshares (SFBS) earnings time is at Apr 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SFBS EPS forecast?
SFBS EPS forecast for the fiscal quarter 2025 (Q1) is 1.19.
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