ServisFirst Bancshares (SFBS)
NYSE:SFBS
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ServisFirst Bancshares
(NYSE:SFBS)
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Rating:72Outperform
Price Target:
$86.00
▲(10.45% Upside)
Action:Reiterated
Date:05/27/26
The score is driven primarily by solid financial performance (strong growth and profitability with improving leverage) and a favorable valuation (low-teens P/E with a dividend). Earnings-call commentary adds support via constructive margin and operating outlook, while mixed technical indicators (neutral momentum, slightly negative MACD, trading near key averages) temper the overall rating.
Positive Factors
Loan repricing opportunity & NIM expansion
Material near-term and multi-year loan repricing ($2.0B near-term, ~$2.9B over 3 years) combined with recent NIM expansion indicate durable upside to net interest income. Asset-driven margin pickup should sustainably lift ROA/ROE as fixed-rate vintages reset and funding remains core relationship deposits.
Negative Factors
Net charge-offs from troubled credits
A meaningful single‑name charge‑off highlights idiosyncratic credit risk and the potential for episodic earnings volatility. Even if isolated, such losses require provisioning and raise monitoring costs; recurring problem credits could erode returns and force higher reserves over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Loan repricing opportunity & NIM expansion
Material near-term and multi-year loan repricing ($2.0B near-term, ~$2.9B over 3 years) combined with recent NIM expansion indicate durable upside to net interest income. Asset-driven margin pickup should sustainably lift ROA/ROE as fixed-rate vintages reset and funding remains core relationship deposits.
Read all positive factors
ServisFirst Bancshares (SFBS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.27B
Dividend Yield1.82%
Average Volume (3M)215.32K
Price to Earnings (P/E)14.4
Beta (1Y)0.94
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. Volume200,725
30 Day Avg. Volume215,324
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 Cap1.35
Enterprise Value/Revenue5.65
Enterprise Value/Gross Profit10.48
Enterprise Value/Ebitda15.75
Forecast
1Y Price Target
$91.00Price Target Upside16.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.35
Revenue Forecast (FY)$681.80M
ServisFirst Bancshares Business Overview & Revenue Model
Company Description
ServisFirst Bancshares, Inc. operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and ...
How the Company Makes Money
ServisFirst Bancshares primarily makes money through its banking subsidiary by generating net interest income and noninterest income. Net interest income is earned from the spread between interest income on loans and investment securities and inte...
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 | 366.17M | 342.13M | 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 | 1.14B | 1.16B | 2.82B | 2.86B | 1.46B | 5.01B |
| Total Debt | 1.60B | 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
77.16
Positive
78.55
Negative
77.26
Positive
Market Momentum
-0.03
Negative
53.19
Neutral
52.19
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 above the 20-day moving average (MA) of 77.07, above the 50-day MA of 77.16, and above the 200-day MA of 77.26, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 53.19 is Neutral, neither overbought nor oversold. The STOCH value of 52.19 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 | $4.54B | 10.92 | 13.16% | 2.03% | 2.00% | 2.22% | |
74 Outperform | $5.75B | 13.33 | 10.81% | 1.02% | 0.32% | 17.91% | |
72 Outperform | $4.27B | 14.42 | 16.32% | 1.82% | 2.58% | 23.10% | |
71 Outperform | $5.43B | 15.55 | 6.99% | 3.83% | 60.27% | 7.08% | |
70 Outperform | $3.71B | 14.97 | 13.62% | 1.70% | 4.32% | 10.56% | |
69 Neutral | $5.00B | 10.44 | 16.60% | ― | 8.53% | 12.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
SFBS
ServisFirst Bancshares
78.15
4.32
5.85%
ABCB
Ameris Bancorp
85.47
23.76
38.50%
BANF
BancFirst
110.37
-10.58
-8.75%
AX
Axos Financial
87.81
15.96
22.21%
IBOC
International Bancshares
72.98
9.39
14.77%
AUB
Atlantic Union Bankshares
37.96
7.93
26.40%
ServisFirst Bancshares Corporate Events
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.