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ServisFirst Bancshares
(NYSE:SFBS)
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Rating:76Outperform
Price Target:
$98.00
▲(25.87% Upside)
Action:Reiterated
Date:07/21/26
SFBS scores above average primarily due to solid underlying financial performance (strong growth and profitability with improving leverage) and supportive technicals (price above major moving averages with positive momentum). The latest earnings call further boosts the score with strong operating momentum and stable credit/capital, partially tempered by deposit/funding headwinds, elevated CRE concentration, and moderating NIM expansion. Valuation is reasonable (P/E 16.04) with a modest yield (~1.70%).
Positive Factors
Robust loan growth and record pipeline
Sustained, granular loan growth builds the bank's core earning base by increasing interest-bearing assets and recurring fee opportunities. A record pipeline signals persistent origination capacity across markets, supporting durable NII growth and organic balance-sheet expansion over the medium term.
Negative Factors
Elevated CRE concentration
A CRE exposure above 300% of capital amplifies portfolio sensitivity to real estate cycles and local market stress. High concentration increases potential correlated losses, pressures capital under downturns, and requires sustained active risk management and underwriting discipline.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust loan growth and record pipeline
Sustained, granular loan growth builds the bank's core earning base by increasing interest-bearing assets and recurring fee opportunities. A record pipeline signals persistent origination capacity across markets, supporting durable NII growth and organic balance-sheet expansion over the medium term.
Read all positive factors
ServisFirst Bancshares (SFBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.68B
Dividend Yield1.68%
Average Volume (3M)341.24K
Price to Earnings (P/E)15.8
Beta (1Y)0.89
Revenue Growth3.05%
EPS Growth28.32%
CountryUS
Employees668
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.42
Shares Outstanding54,662,823
10 Day Avg. Volume274,729
30 Day Avg. Volume341,239
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)6.4
Revenue Forecast (FY)$680.89M
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:Jul 20, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 26, 2026
Earnings Call Sentiment Positive
The call reflected strong positive operating momentum: robust, granular loan growth, record pipeline, expanding NIM and net interest income, double-digit EPS growth year-over-year, improving efficiency and continued capital generation. Credit metrics remained sound with low net charge-offs, modest NPAs reduction, and stable reserves. Challenges were manageable: deposit growth was temporarily constrained by client tax payments and competition, CRE concentration ticked higher (though management said comfortable), non-interest expense rose due to Houston expansion, and the pace of NIM expansion is expected to moderate. A single large nonaccrual relationship remains in workout. Overall, the positives (earnings, loan growth, margin expansion, capital build) materially outweigh the contained lowlights.Positive Updates
Robust Loan Growth and Record Pipeline
Ending loans $14.48B, up $533M from prior quarter (15.3% annualized linked-quarter growth); average loans grew $440M (12.8% annualized linked-quarter); loans up $1.25B year-over-year (9.4%). Management reported a record loan pipeline and broad-based, granular loan demand across regions (best growth in two Florida regions and Tennessee).
Negative Updates
Moderated Deposit Growth and Funding Headwinds
Deposit growth was constrained in the quarter (ending deposits up only $62M linked quarter, +5% YoY) partly due to large client income tax payments and a competitive landscape; management flagged potential pressure on deposit costs if funding needs increase.
Read all updates
Q2-2026 Updates
Positive
Negative
Robust Loan Growth and Record Pipeline
Ending loans $14.48B, up $533M from prior quarter (15.3% annualized linked-quarter growth); average loans grew $440M (12.8% annualized linked-quarter); loans up $1.25B year-over-year (9.4%). Management reported a record loan pipeline and broad-based, granular loan demand across regions (best growth in two Florida regions and Tennessee).
Read all positive updates
Company Guidance
Management guided that momentum should continue but at a moderating pace: they expect further NIM expansion from the adjusted 3.58%/June spot 3.59% (likely ~7–9 bps possibly one more quarter then roughly 4–6 bps per quarter), driven by aggressive repricing of fixed‑rate loan maturities (loan yields ~6.18% normalized / 6.23% spot) and disciplined deposit pricing (avg interest‑bearing deposit cost 2.80%); ending loans were $14.48B (+$533M QoQ, +15.3% annualized QoQ, +9.4% YoY; avg loans +$440M or 12.8% annualized), pipeline at record levels and projected payoffs ~17% (vs ~33% historically), while ending deposits were $14.55B (+$62M QoQ, +5% YoY) with non‑interest demand deposits up ~$3.0B (≈5.6% QoQ, ≈13.8% YoY); credit metrics remain stable (allowance 1.26%, provision $11.4M this quarter, net charge‑offs $3.7M Q2 / ~$12M YTD, annualized NCO 11 bps this quarter, NPAs down ≈$7M, CRE concentration ~307% of capital) and capital/liquidity ample (CET1 ~11.83%, total capital 13.09%, Tier‑1 leverage 10.93%, TCE/TA 10.72%, cash & equivalents $1.46B ≈8% of assets, no FHLB advances or brokered deposits); expense run‑rate is roughly $50M (efficiency ~29.65%), effective tax rate target <20%, and management said excess capital could be deployed organically, for M&A or buybacks as appropriate.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
81.23
Positive
78.71
Positive
77.05
Positive
Market Momentum
1.51
Positive
59.42
Neutral
54.24
Neutral
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 86.19, below the 50-day MA of 81.23, and above the 200-day MA of 77.05, indicating a bullish trend. The MACD of 1.51 indicates Positive momentum. The RSI at 59.42 is Neutral, neither overbought nor oversold. The STOCH value of 54.24 is Neutral, 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 | $4.68B | 15.79 | 17.06% | 1.82% | 3.05% | 28.32% | |
76 Outperform | $4.73B | 11.36 | 13.16% | 2.03% | 2.00% | 2.22% | |
74 Outperform | $5.55B | 11.59 | 16.60% | ― | 8.53% | 12.29% | |
73 Outperform | $6.02B | 15.01 | 6.99% | 3.83% | 35.21% | 61.65% | |
72 Outperform | $6.11B | 14.26 | 10.81% | 1.02% | 0.32% | 17.91% | |
71 Outperform | $3.91B | 15.71 | 13.62% | 1.70% | 4.32% | 10.56% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
SFBS
ServisFirst Bancshares
87.81
5.95
7.27%
ABCB
Ameris Bancorp
90.67
24.48
36.98%
BANF
BancFirst
115.64
-13.43
-10.41%
AX
Axos Financial
97.42
12.35
14.52%
IBOC
International Bancshares
75.67
7.44
10.90%
AUB
Atlantic Union Bankshares
42.81
10.99
34.52%
ServisFirst Bancshares Corporate Events
Business Operations and StrategyDividendsStock Split
ServisFirst Bancshares Announces Two-for-One Stock Split
Positive
Jul 20, 2026
On July 20, 2026, ServisFirst Bancshares, Inc., the regional bank holding company for ServisFirst Bank, declared a two-for-one split of its common stock to be executed as a 100% stock dividend. The move targeted stockholders of record as of August...
Business Operations and StrategyFinancial Disclosures
ServisFirst Bancshares Posts Strong Q2 2026 Results
Positive
Jul 20, 2026
ServisFirst Bancshares, Inc. reported robust second quarter 2026 results on July 20, 2026, highlighted by diluted earnings per share of $1.57, a 40% increase from the prior-year quarter. The bank’s net income rose nearly 40% year-over-year t...
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...
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.