Form 8-K
8-K — ServisFirst Bancshares, Inc.
Accession: 0001171843-26-006691
Filed: 2026-10-19
Period: 2026-10-19
CIK: 0001430723
SIC: 6022 (STATE COMMERCIAL BANKS)
Item: Results of Operations and Financial Condition
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
Documents
8-K — f8k_101926.htm (Primary)
EX-99.1 — PRESS RELEASE (exh_991.htm)
EX-99.2 — EXHIBIT 99.2 (exh_992.htm)
GRAPHIC (exh991small_1.jpg)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — FORM 8-K
8-K (Primary)
Filename: f8k_101926.htm · Sequence: 1
Form 8-K
False000143072300014307232026-10-192026-10-19iso4217:USDxbrli:sharesiso4217:USDxbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM 8-K
_________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 19, 2026
_______________________________
ServisFirst Bancshares, Inc.
(Exact name of registrant as specified in its charter)
_______________________________
Delaware 001-36452 26-0734029
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
2500 Woodcrest Place
Homewood, Alabama 35209
(Address of Principal Executive Offices) (Zip Code)
(205) 949-0302
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
_______________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common SFBS New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On October 19th, 2026, ServisFirst Bancshares, Inc., a Delaware corporation (“ServisFirst”), issued a press release announcing its operating results for the quarter ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1.
The information furnished pursuant to Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.
Item 7.01. Regulation FD Disclosure.
On October 19, 2026, ServisFirst hosted a call to review third quarter earnings. The supplemental data table is attached as Exhibit 99.2 and is incorporated by reference into this Item 7.01.
The information in this report is being furnished, not filed, pursuant to Regulation FD. Accordingly, the information in Items 7.01 and 9.01 of this report will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Statements in this presentation that are not historical facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. The words "believe," "expect," "anticipate," "project," “plan,” “intend,” “will,” “would,” “might” “could” and similar expressions often signify forward-looking statements. Such statements involve inherent risks and uncertainties. ServisFirst Bancshares, Inc. cautions that such forward-looking statements, wherever they occur in this press release or in other statements attributable to ServisFirst Bancshares, Inc., are necessarily estimates reflecting the judgment of ServisFirst Bancshares, Inc.’s senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Such forward-looking statements should, therefore, be considered in light of various factors that could affect the accuracy of such forward-looking statements, including: general economic conditions, especially in the credit markets and in the Southeast; the performance of the capital markets; changes in interest rates, yield curves and interest rate spread relationships; changes in accounting and tax principles, policies or guidelines; changes in legislation or regulatory requirements; changes in our loan portfolio and the deposit base; possible changes in laws and regulations and governmental monetary and fiscal policies, including, but not limited to, economic stimulus initiatives; the cost and other effects of legal and administrative cases and similar contingencies; possible changes in the creditworthiness of customers and the possible impairment of the collectability of loans and the value of collateral; the effect of natural disasters, such as hurricanes and tornados, in our geographic markets; and increased competition from both banks and non-bank financial institutions. The foregoing list of factors is not exhaustive. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to “Cautionary Note Regarding Forward-looking Statements” and “Risk Factors” in our most recent Annual Report on Form 10-K and our other SEC filings. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then our actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained herein. Accordingly, you should not place undue reliance on any forward-looking statements, which speak only as of the date made. ServisFirst Bancshares, Inc. assumes no obligation to update or revise any forward-looking statements that are made from time to time.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits. The following exhibits are included with this Current Report on Form 8-K:
Exhibit No. Description
99.1 Press Release dated October 19, 2026
99.2 Supplemental data table October 19, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ServisFirst Bancshares, Inc.
Date: October 19, 2026 By: /s/ Thomas A. Broughton, III
Thomas A. Broughton, III
Chairman, President and Chief Executive Officer
EX-99.1 — PRESS RELEASE
EX-99.1
Filename: exh_991.htm · Sequence: 2
EdgarFiling
EXHIBIT 99.1
ServisFirst Bancshares, Inc. Announces Results for Third Quarter of 2026
BIRMINGHAM, Ala., Oct. 19, 2026 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NYSE: SFBS) today announced earnings and operating results for the quarter ended September 30, 2026.
Third Quarter 2026 Highlights and Financial Summary:
Diluted earnings per share of $0.80 for the quarter, up 33% from the third quarter of 2025, and up 23% from adjusted diluted earnings per share in the third quarter of 2025*.
Loans grew by $1.43 billion, or 11%, year-over-year.
Net interest margin of 3.63%, unchanged from the second quarter of 2026; excluding a loan recovery in the previous quarter, NIM was 5 basis points higher, and up 54 basis points compared to the third quarter of 2025.
Noninterest-bearing deposits increased 12% year-over-year.
Completed our two-for-one stock split during the quarter**.
Subsequent to quarter-end, the Company announced its inaugural stock repurchase program, authorizing the repurchase of up to two million shares of common stock through December 31, 2027.
Book value per share of $18.63, up 14% year-over-year.
Efficiency ratio of 30.20%, improved from 35.22% in the third quarter of 2025.
Year-to-date return on average common stockholders’ equity increased from 15.01% in 2025 to 17.62% in 2026, and year-to-date adjusted return on average common stockholders’ equity* increased from 15.85% to 17.61%.
Consolidated common equity tier 1 capital to risk-weighted assets increased from 11.49% in the third quarter of 2025 to 11.98% in the third quarter of 2026.
Tom Broughton, Chairman, President, and CEO, said, “We see solid economic trends, and loan activity is improving with continued growth in our loan pipeline.”
David Sparacio, CFO, said, “We continue to grow our top line revenue through asset and margin growth, while maintaining a best-in-class efficiency ratio, resulting in top quartile returns.”
FINANCIAL SUMMARY (UNAUDITED)
(in Thousands except per share data)
Period Ended September 30, 2026 Period Ended June 30, 2026 % Change From Period Ended June 30, 2026 to Period Ended September 30, 2026 Period Ended September 30, 2025 % Change From Period Ended September 30, 2025 to Period Ended September 30, 2026
QUARTERLY OPERATING RESULTS
Net Income $ 87,308 $ 85,793 1.8 % $ 65,571 33.2 %
Net Income Available to Common Stockholders $ 87,308 $ 85,762 1.8 % $ 65,571 33.2 %
Diluted Earnings Per Share $ 0.80 $ 0.78 2.6 % $ 0.60 33.3 %
Return on Average Assets 1.89 % 1.91 % 1.47 %
Return on Average Common Stockholders' Equity 17.26 % 17.71 % 14.88 %
Average Diluted Shares Outstanding 109,390 109,406 109,336
Adjusted Net Income, net of tax* $ 87,197 $ 85,793 1.6 % $ 71,422 22.1 %
Adjusted Net Income Available to Common
Stockholders, net of tax* $ 87,197 $ 85,762 1.7 % $ 71,422 22.1 %
Adjusted Diluted Earnings Per Share, net of tax* $ 0.80 $ 0.78 2.6 % $ 0.65 23.1 %
Adjusted Return on Average Assets, net of tax* 1.89 % 1.91 % 1.60 %
Adjusted Return on Average Common
Stockholders' Equity, net of tax* 17.24 % 17.71 % 16.21 %
YEAR-TO-DATE OPERATING RESULTS
Net Income $ 256,072 $ 190,219 34.6 %
Net Income Available to Common Stockholders $ 256,041 $ 190,188 34.6 %
Diluted Earnings Per Share $ 2.34 $ 1.74 34.5 %
Return on Average Assets 1.90 % 1.44 %
Return on Average Common Stockholders' Equity 17.62 % 15.01 %
Average Diluted Shares Outstanding 109,395 109
Adjusted Net Income, net of tax* $ 255,961 $ 200,779 27.5 %
Adjusted Net Income Available to Common
Stockholders, net of tax* $ 255,930 $ 200,748 27.5 %
Adjusted Diluted Earnings Per Share, net of tax* $ 2.34 $ 1.84 27.3 %
Adjusted Return on Average Assets, net of tax* 1.90 % 1.52 %
Adjusted Return on Average Common
Stockholders' Equity, net of tax* 17.61 % 15.85 %
BALANCE SHEET
Total Assets $ 18,319,690 $ 18,345,498 (0.1 ) % $ 17,584,199 4.2 %
Loans 14,737,303 14,478,489 1.8 % 13,311,967 10.7 %
Noninterest-bearing Demand Deposits 2,910,281 2,995,402 (2.8 ) % 2,598,895 12.0 %
Total Deposits 14,087,378 14,548,730 (3.2 ) % 14,106,922 (0.1 ) %
Stockholders' Equity 2,037,346 1,978,418 3.0 % 1,781,647 14.4 %
* This press release includes certain non-GAAP financial measures: adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common stockholders’ equity, adjusted efficiency ratio, tangible common stockholders' equity, total tangible assets, tangible book value per share, tangible common equity to total tangible assets, adjusted net interest income, adjusted noninterest income, and adjusted noninterest expense. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.”
**All share and per-share amounts presented reflect the Company’s two-for-one stock split during the quarter, including retrospective adjustments to prior-period amounts.
Note: Amounts presented in this report may not sum to the totals due to rounding.
DETAILED FINANCIALS
ServisFirst Bancshares, Inc. reported net income and net income available to common stockholders of $87.3 million for the quarter ended September 30, 2026, compared to $65.6 million for the third quarter of 2025. Basic and diluted earnings per common share were both $0.80 in the third quarter of 2026, compared to $0.78 in the second quarter of 2026 and $0.60 in the third quarter of 2025. The prior-year quarter adjusted diluted earnings per share were $0.65.
Annualized return on average assets was1.89% and annualized return on average common stockholders’ equity was 17.26% for the third quarter of 2026, compared to 1.47% and 14.88%, respectively, for the third quarter of 2025.
Net interest income was $159.8 million for the third quarter of 2026, compared to $155.6 million for the second quarter of 2026 and $133.4 million for the third quarter of 2025. The net interest margin in the third quarter of 2026 was 3.63% compared to 3.63% in the second quarter of 2026 and 3.09% in the third quarter of 2025. Loan yields were 6.24% during the third quarter of 2026 compared to 6.23% during the second quarter of 2026 and 6.34% during the third quarter of 2025. During the second quarter of 2026, we recovered $1.9 million in interest income from a large credit relationship that was previously on nonaccrual status. This recovery accounted for five basis points of the increase in loan yields from the first quarter of 2026. Investment yields were 3.85% during the third quarter of 2026 compared to 3.82% during the second quarter of 2026 and 3.60% during the third quarter of 2025. Average interest-bearing deposit rates were 2.80% during the third quarter of 2026, compared to 2.80% during the second quarter of 2026 and 3.41% during the third quarter of 2025. Average federal funds purchased rates were 3.78% during the third quarter of 2026, compared to 3.74% during the second quarter of 2026 and 4.46% during the third quarter of 2025.
Average loans for the third quarter of 2026 were $14.54 billion, an increase of $320.5 million, or 8.9% annualized, from average loans of $14.22 billion for the second quarter of 2026, and an increase of $1.34 billion, or 10.1%, from average loans of $13.21 billion for the third quarter of 2025. Ending total loans for the third quarter of 2026 were $14.74 billion, an increase of $258.8 million, or 7.1% annualized, from $14.48 billion for the second quarter of 2026, and an increase of $1.43 billion, or 10.7%, from $13.31 billion for the third quarter of 2025.
Average total deposits for the third quarter of 2026 were $14.33 billion, an increase of $10.6 million, or 0.3% annualized, from average total deposits of $14.32 billion for the second quarter of 2026, and an increase of $195.2 million, or 1.4%, from average total deposits of $14.13 billion for the third quarter of 2025. Ending total deposits for the third quarter of 2026 were $14.09 billion, a decrease of $461.4 million, or 12.6% annualized, from $14.55 billion for the second quarter of 2026, and a decrease of $19.5 million, or 0.1%, from $14.11 billion for the third quarter of 2025.
Nonperforming assets to total assets were 0.96% for the third quarter of 2026, compared to 0.96% for the second quarter of 2026 and 0.96% for the third quarter of 2025. Annualized net charge-offs to average loans were 0.21% for the third quarter of 2026, compared to 0.11% for the second quarter of 2026 and 0.27% for the third quarter of 2025. The allowance for credit losses to total loans at September 30, 2026, June 30, 2026, and September 30, 2025, was 1.28%, 1.26%, and 1.28%, respectively. We recorded a $14.9 million provision for loan losses in the third quarter of 2026 compared to $11.7 million in the second quarter of 2026, and $9.3 million in the third quarter of 2025.
Noninterest income was $13.1 million for the third quarter of 2026 compared to $2.8 million in the third quarter of 2025, an increase of $10.3 million. Adjusted for $148,000 of securities gains in the third of 2026 and $7.8 million of securities losses in the third quarter of 2025, this represented a $2.3 million, or 21.8% increase. Service charges on deposit accounts increased $132,000, or 4.0%, to $3.4 million for the third quarter of 2026 from $3.3 million in the third quarter of 2025, and increased $110,000, or 3.3% on a linked quarter basis. Mortgage banking revenue remained relatively flat at $1.9 million, on a year-over-year basis. Credit card income remained relatively flat at $2.4 million, on a year-over-year basis. Bank-owned life insurance (“BOLI”) income increased $1.9 million, or 80.6%, to $4.3 million for the third quarter of 2026 from $2.4 million in the third quarter of 2025, and increased $210,000, or 5.1%, on a linked quarter basis. Other operating income increased $174,000, or 26.6%, to $829,000 for the third quarter of 2026 from $655,000 in the third quarter of 2025, and increased $121,000, or 17.1%, on a linked quarter basis.
Noninterest expense increased $4.2 million, or 8.8%, to $52.2 million for the third quarter of 2026 from $48.0 million in the third quarter of 2025, and increased $2.3 million, or 4.5%, on a linked quarter basis. Salary and benefit expense increased $1.4 million, or 5.5%, to $26.9 million for the third quarter of 2026 from $25.5 million in the third quarter of 2025, and increased $653,000, or 2.5%, on a linked quarter basis. The year-over-year increase was primarily due to the full impact of our Houston market expansion. The number of full-time equivalent employees (excluding temporary employees) increased by 25, or 3.8%, to 675 at September 30, 2026 compared to 650 at September 30, 2025, and increased by twelve from the end of the second quarter of 2026. Equipment and occupancy expense decreased $234,000, or 6.5%, to $3.4 million for the third quarter of 2026 from $3.6 million in the third quarter of 2025, and decreased $582,000, or 14.7%, on a linked quarter basis. Third party processing and other services expense decreased $14,000, or 0.2%, to $8.1 million for the third quarter of 2026 from $8.1 million in the third quarter of 2025, and increased $119,000, or 1.5%, on a linked quarter basis. Professional services expense increased $94,000, or 5.1%, to $2.0 million for the third quarter of 2026 from $1.9 million in the third quarter of 2025, and decreased $276,000, or 12.4%, on a linked quarter basis. Other operating expenses increased $2.9 million, or 46.9%, to $8.9 million for the third quarter of 2026 from $6.1 million in the third quarter of 2025, and increased $2.2 million, or 33.2%, on a linked quarter basis. The efficiency ratio was 30.20% during the third quarter of 2026 compared to 35.22% during the third quarter of 2025 and 29.65% during the second quarter of 2026.
Our effective tax rate was 17.21% for the third quarter of 2026 compared to 16.81% for the third quarter of 2025, and 19.94% on a linked quarter basis. During the third quarter of 2026, we purchased Investment Tax Credits, which reduced our tax expense. We recognized a reduction in provision for income taxes resulting from excess tax benefits from the exercise and vesting of stock options and restricted stock during the third quarters of 2026 and 2025 of $37,000 and $81,000, respectively.
About ServisFirst Bancshares, Inc.
ServisFirst Bancshares, Inc. (the “Company”) is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst Bank (the “Bank”), the Company provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, Texas and Virginia. Through the Bank, we originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions.
ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (“SEC”). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbancshares.com.
Statements in this press release that are not historical facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as “forward-looking statements” for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended (the “Securities Act”). The words “believe,” “expect,” “anticipate,” “project,” “plan,” “intend,” “will,” “could,” “would,” “might” and similar expressions often signify forward-looking statements. Such statements involve inherent risks and uncertainties. The Company cautions that such forward-looking statements, wherever they occur in this press release or in other statements attributable to the Company, are necessarily estimates reflecting the judgment of the Company’s senior management and involve risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Such forward-looking statements should, therefore, be considered in light of various factors that could affect the accuracy of such forward-looking statements, including, but not limited to: general economic conditions, especially in the credit markets and in the Southeast; the impact of tariffs, trade wars and other conflicts on general economic conditions; the performance of the capital markets; changes in interest rates, yield curves and interest rate spread relationships; changes in accounting and tax principles, policies or guidelines; changes in legislation or regulatory requirements; changes as a result of our reclassification as a large financial institution by the Federal Deposit Insurance Corporation ("FDIC"); changes in our loan portfolio and the deposit base; possible changes in laws and regulations and governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued or re-emerging inflationary pressures and the ability of the U.S. Congress to increase the U.S. statutory debt limit as needed; computer hacking or cyber-attacks resulting in unauthorized access to confidential or proprietary information; substantial, unexpected or prolonged changes in the level or cost of liquidity; the cost and other effects of legal and administrative cases and similar contingencies; possible changes in the creditworthiness of customers and the possible impairment of the collectability of loans and the value of collateral; the effect of natural disasters, such as hurricanes and tornados, in our geographic markets; and increased competition from both banks and nonbank financial institutions. The foregoing list of factors is not exhaustive. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in our most recent Annual Report on Form 10-K, "Forward-Looking Statements" and "Risk Factors" in our subsequent Quarterly Reports on Form 10-Q and our other SEC filings. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then our actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements. Accordingly, you should not place undue reliance on any forward-looking statements, which speak only as of the date made. The Company assumes no obligation to update or revise any forward-looking statements that are made from time to time.
More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbancshares.com or by calling (205) 949-0302.
Contact: ServisFirst Bank
Davis Mange (205) 949-3420
dmange@servisfirstbank.com
SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
(in Thousands except per share data)
3rd Quarter 2026 2nd Quarter 2026 1st Quarter 2026 4th Quarter 2025 3rd Quarter 2025
CONSOLIDATED STATEMENT OF INCOME
Interest income $ 257,353 $ 249,880 $ 241,480 $ 251,388 $ 251,308
Interest expense 97,539 94,243 93,332 104,867 117,860
Net interest income 159,814 155,637 148,148 146,521 133,448
Provision for credit losses 15,245 11,412 10,637 7,922 9,463
Net interest income after provision for credit losses 144,569 144,225 137,511 138,599 123,985
Noninterest income 13,112 12,892 10,840 15,691 2,833
Noninterest expense 52,229 49,961 47,384 46,683 47,996
Income before income tax 105,452 107,156 100,967 107,607 78,822
Provision for income tax 18,144 21,363 17,996 21,223 13,251
Net income 87,308 85,793 82,971 86,384 65,571
Preferred stock dividends - 31 - 31 -
Net income available to common stockholders $ 87,308 $ 85,762 $ 82,971 $ 86,353 $ 65,571
Earnings per share - basic $ 0.80 $ 0.78 $ 0.76 $ 0.79 $ 0.60
Earnings per share - diluted $ 0.80 $ 0.78 $ 0.76 $ 0.79 $ 0.60
Average diluted shares outstanding 109,390 109,406 109,390 109,352 109,336
CONSOLIDATED BALANCE SHEET DATA
Total assets $ 18,319,690 $ 18,345,498 $ 18,171,287 $ 17,727,190 $ 17,584,199
Loans 14,737,303 14,478,489 13,945,913 13,696,912 13,311,967
Debt securities 1,563,099 1,630,531 1,684,421 1,728,901 1,849,739
Noninterest-bearing demand deposits 2,910,281 2,995,402 2,836,622 2,684,272 2,598,895
Total deposits 14,087,378 14,548,730 14,486,364 14,219,034 14,106,922
Borrowings 34,750 34,750 34,750 34,750 64,750
Stockholders' equity 2,037,346 1,978,418 1,912,537 1,850,347 1,781,647
Shares outstanding 109,343 109,342 109,326 109,250 109,243
Book value per share $ 18.63 $ 18.09 $ 17.49 $ 16.94 $ 16.31
Tangible book value per share (1) $ 18.51 $ 17.97 $ 17.37 $ 16.81 $ 16.18
SELECTED FINANCIAL RATIOS (Annualized)
Net interest margin 3.63 % 3.63 % 3.53 % 3.38 % 3.09 %
Return on average assets 1.89 % 1.91 % 1.89 % 1.91 % 1.47 %
Return on average common stockholders' equity 17.26 % 17.71 % 17.91 % 18.93 % 14.88 %
Efficiency ratio 30.20 % 29.65 % 29.80 % 28.78 % 35.22 %
Noninterest expense to average earning assets 1.18 % 1.16 % 1.13 % 1.08 % 1.11 %
CAPITAL RATIOS (2)
Common equity tier 1 capital to risk-weighted assets 11.98 % 11.83 % 11.86 % 11.65 % 11.49 %
Tier 1 capital to risk-weighted assets 11.98 % 11.83 % 11.87 % 11.66 % 11.50 %
Total capital to risk-weighted assets 13.26 % 13.09 % 13.13 % 12.93 % 12.91 %
Tier 1 capital to average assets 11.11 % 10.93 % 10.71 % 10.26 % 10.01 %
Tangible common equity to total tangible assets (1) 11.05 % 10.72 % 10.46 % 10.37 % 10.06 %
(1) This press release contains certain non-GAAP financial measures. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.”
(2) Regulatory capital ratios for most recent period are preliminary.
GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures
This press release contains the non-GAAP financial measures of tangible common stockholders’ equity, total tangible assets, tangible book value per share and tangible common equity to total tangible assets, each of which excludes goodwill associated with our acquisition of Metro Bancshares, Inc. in January 2015. We recognized an $8.6 million loss on sale of available-for-sale debt securities in noninterest income during the second quarter of 2025 due to restructuring the portfolio. We reversed a $2.3 million legal reserve from interest expense during the second quarter of 2025. We recognized a $7.8 million loss on sale of available-for-sale debt securities in non-interest income during the third quarter of 2025 due to continued restructuring of the portfolio. These adjustments to our results are to reflect items unusual, or infrequent, in nature and are not considered to be part of our non-interest expense, run rate. Each of adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted net interest income, adjusted return on average assets, adjusted return on average common stockholders’ equity, and adjusted efficiency ratio excludes the impact of this, net of tax, and are all considered non-GAAP financial measures. This press release also contains the non-GAAP financial measures of adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common stockholders’ equity, adjusted efficiency ratio, adjusted net interest income, adjusted noninterest income, and adjusted noninterest expense.
We believe these non-GAAP financial measures provide useful information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with GAAP; however, we acknowledge that these non-GAAP financial measures have limitations. As such, you should not view these disclosures as a substitute for results determined in accordance with GAAP, and they are not necessarily comparable to non-GAAP financial measures that other companies, including those in our industry, use. The following reconciliation table provides a more detailed analysis of the non-GAAP financial measures as of and for the comparative periods presented in this press release. Dollars are in thousands, except per share data.
At September 30,
2026 At June 30,
2026 At March 31,
2026 At December 31, 2025 At September 30,
2025
Book value per share - GAAP $ 18.63 $ 18.09 $ 17.49 $ 16.94 $ 16.31
Total common stockholders' equity - GAAP 2,037,346 1,978,418 1,912,537 1,850,347 1,781,647
Adjustment for Goodwill (13,615 ) (13,615 ) (13,615 ) (13,615 ) (13,615 )
Tangible common stockholders' equity - non-GAAP $ 2,023,731 $ 1,964,803 $ 1,898,922 $ 1,836,732 $ 1,768,032
Tangible book value per share - non-GAAP $ 18.51 $ 17.97 $ 17.37 $ 16.81 $ 16.18
Stockholders' equity to total assets - GAAP 11.12 % 10.78 % 10.53 % 10.44 % 10.13 %
Total assets - GAAP $ 18,319,690 $ 18,345,498 $ 18,171,287 $ 17,727,190 $ 17,584,199
Adjustment for Goodwill (13,615 ) (13,615 ) (13,615 ) (13,615 ) (13,615 )
Total tangible assets - non-GAAP $ 18,306,075 $ 18,331,883 $ 18,157,672 $ 17,713,575 $ 17,570,584
Tangible common equity to total tangible assets - non-GAAP 11.05 % 10.72 % 10.46 % 10.37 % 10.06 %
Three Months Ended September 30, 2026 Three Months Ended September 30, 2025 Nine Months Ended September 30, 2026 Nine Months Ended September 30, 2025
Net income - GAAP $ 87,308 $ 65,571 $ 256,072 $ 190,219
Adjustments:
Legal matter accrual reversal - - - (2,276 )
(Gain) loss on marketable securities (148 ) 7,812 (148 ) 16,375
Tax on adjustments 37 (1,961 ) 37 (3,539 )
Adjusted net income - non-GAAP $ 87,197 $ 71,422 $ 255,961 $ 200,779
Net income available to common stockholders - GAAP $ 87,308 $ 65,571 $ 256,041 $ 190,188
Adjustments:
Legal matter accrual reversal - - - (2,276 )
(Gain) loss on marketable securities (148 ) 7,812 (148 ) 16,375
Tax on adjustments 37 (1,961 ) 37 (3,539 )
Adjusted net income available to common stockholders - non-GAAP $ 87,197 $ 71,422 $ 255,930 $ 200,748
Diluted earnings per share - GAAP $ 0.80 $ 0.60 $ 2.34 $ 1.74
Adjustments:
Legal matter accrual reversal - - - (0.02 )
(Gain) loss on marketable securities - 0.07 - 0.15
Tax on adjustments - (0.02 ) - (0.03 )
Adjusted diluted earnings per share - non-GAAP $ 0.80 $ 0.65 $ 2.34 $ 1.84
Net interest income, on a fully taxable-equivalent basis $ 159,885 $ 133,502 $ 464,344 $ 388,897
Adjustments:
Legal matter accrual reversal - - - (2,276 )
Tax on adjustments - - - 571
Adjusted net interest income, on a fully taxable-equivalent basis $ 159,885 $ 133,502 $ 464,344 $ 387,192
Return on average assets - GAAP 1.89 % 1.47 % 1.90 % 1.44 %
Net income available to common stockholders - GAAP $ 87,308 $ 65,571 $ 256,041 $ 190,188
Adjustments:
Legal matter accrual reversal - - - (2,276 )
(Gain) loss on marketable securities (148 ) 7,812 (148 ) 16,375
Tax on adjustments 37 (1,961 ) 37 (3,539 )
Adjusted net income available to common stockholders - non-GAAP $ 87,197 $ 71,422 $ 255,930 $ 200,748
Average assets - GAAP $ 18,320,832 $ 17,709,359 $ 18,035,725 $ 17,681,999
Adjusted return on average assets - non-GAAP 1.89 % 1.60 % 1.90 % 1.52 %
Return on average common stockholders' equity - GAAP 17.26 % 14.88 % 17.62 % 15.01 %
Net income available to common stockholders - GAAP $ 87,308 $ 65,571 $ 256,041 $ 190,188
Adjustments:
Legal matter accrual reversal - - - (2,276 )
(Gain) loss on marketable securities (148 ) 7,812 (148 ) 16,375
Tax on adjustments 37 (1,961 ) 37 (3,539 )
Adjusted net income available to common stockholders - non-GAAP $ 87,197 $ 71,422 $ 255,930 $ 200,748
Average common stockholders' equity - GAAP $ 2,007,112 $ 1,747,825 $ 1,943,224 $ 1,693,601
Adjusted return on average common stockholders' equity non-GAAP 17.24 % 16.21 % 17.61 % 15.85 %
Efficiency ratio 30.20 % 35.22 % 29.89 % 34.56 %
Net interest income - GAAP $ 159,814 $ 133,448 $ 463,599 $ 388,688
Adjustments:
Legal matter accrual reversal - - - (2,276 )
Adjusted net interest income - non-GAAP $ 159,814 $ 133,448 $ 463,599 $ 386,412
Total noninterest income - GAAP 13,112 2,833 36,844 11,531
Adjustments:
(Gain) loss on marketable securities (148 ) 7,812 (148 ) 16,375
Adjusted noninterest income - non-GAAP $ 12,964 $ 10,645 $ 36,696 $ 27,906
Adjusted net interest income and noninterest income - non-GAAP 172,778 144,093 500,295 414,318
Noninterest expense - GAAP $ 52,229 $ 47,996 $ 149,574 $ 138,307
Adjustments:
Adjusted noninterest expense - non-GAAP $ 52,229 $ 47,996 $ 149,574 $ 138,307
Adjusted efficiency ratio - non-GAAP 30.23 % 33.31 % 29.90 % 33.38 %
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(in Thousands except per share data)
September 30, 2026 September 30, 2025 % Change
ASSETS
Cash and due from banks $ 122,417 $ 144,089 (15 ) %
Interest-bearing balances due from depository institutions 738,547 1,191,447 (38 ) %
Federal funds sold and securities purchased with agreement to resell 324,051 437,769 (26 ) %
Cash and cash equivalents 1,185,015 1,773,305 (33 ) %
Available for sale debt securities, at fair value 968,503 1,178,144 (18 ) %
Held to maturity debt securities (fair value of $533,106 and $622,825, respectively) 594,596 671,595 (11 ) %
Restricted equity securities 12,475 12,203 2 %
Mortgage loans held for sale 15,273 9,433 62 %
Loans 14,737,303 13,311,967 11 %
Less allowance for credit losses (189,010 ) (170,235 ) 11 %
Loans, net 14,548,293 13,141,732 11 %
Premises and equipment, net 67,390 60,704 11 %
Goodwill 13,615 13,615 - %
Other assets 914,530 723,468 26 %
Total assets $ 18,319,690 $ 17,584,199 4 %
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Deposits:
Noninterest-bearing demand $ 2,910,281 $ 2,598,895 12 %
Interest-bearing 11,177,097 11,508,027 (3 ) %
Total deposits 14,087,378 14,106,922 - %
Federal funds purchased 1,965,000 1,488,150 32 %
Other borrowings 34,750 64,750 (46 ) %
Other liabilities 195,216 142,730 37 %
Total liabilities 16,282,344 15,802,552 3 %
Stockholders' equity:
Preferred stock, par value $0.001 per share; 1,000 authorized and undesignated at
September 30, 2026 and September 30, 2025 - - - %
Common stock, par value $0.001 per share; 200,000 shares authorized; 109,343 shares
issued and outstanding at September 30, 2026, and 109,243
shares issued and outstanding at September 30, 2025 109 109 - %
Additional paid-in capital 240,134 237,181 1 %
Retained earnings 1,807,673 1,548,098 17 %
Accumulated other comprehensive loss (11,070 ) (4,241 ) 161 %
Total stockholders' equity attributable to ServisFirst Bancshares, Inc. 2,036,846 1,781,147 14 %
Noncontrolling interest 500 500 - %
Total stockholders' equity 2,037,346 1,781,647 14 %
Total liabilities and stockholders' equity $ 18,319,690 $ 17,584,199 4 %
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In thousands except per share data)
Three Months Ended September 30, Nine Months Ended September 30,
2026 2025 2026 2025
Interest income:
Interest and fees on loans $ 228,652 $ 210,987 $ 659,449 $ 614,444
Debt securities 16,088 17,343 48,014 49,939
Federal funds sold and securities purchased with agreement to resell 3,392 4,724 13,099 6,336
Other interest and dividends 9,221 18,254 28,151 68,320
Total interest income 257,353 251,308 748,713 739,039
Interest expense:
Deposits 80,414 98,735 238,139 286,968
Borrowed funds 17,125 19,125 46,975 63,383
Total interest expense 97,539 117,860 285,114 350,351
Net interest income 159,814 133,448 463,599 388,688
Provision for credit losses 15,245 9,463 37,294 27,389
Net interest income after provision for credit losses 144,569 123,985 426,305 361,299
Noninterest income:
Service charges on deposit accounts 3,448 3,316 10,082 8,545
Mortgage banking 1,935 1,864 6,048 3,800
Credit card income 2,409 2,405 7,103 6,492
Securities gains (losses) 148 (7,812 ) 148 (16,375 )
Bank-owned life insurance income 4,343 2,405 11,298 6,668
Other operating income 829 655 2,165 2,401
Total noninterest income 13,112 2,833 36,844 11,531
Noninterest expenses:
Salaries and employee benefits 26,927 25,522 80,054 70,977
Equipment and occupancy expense 3,381 3,615 11,292 10,860
Third party processing and other services 8,081 8,095 23,568 23,838
Professional services 1,951 1,857 6,121 5,694
FDIC and other regulatory assessments 2,478 2,742 7,977 8,349
Other real estate owned expense 476 82 571 142
Other operating expenses 8,935 6,083 19,991 18,447
Total noninterest expenses 52,229 47,996 149,574 138,307
Income before income taxes 105,452 78,822 313,575 234,523
Provision for income taxes 18,144 13,251 57,503 44,304
Net income 87,308 65,571 256,072 190,219
Dividends on preferred stock - - 31 31
Net income available to common stockholders $ 87,308 $ 65,571 $ 256,041 $ 190,188
Basic earnings per common share $ 0.80 $ 0.60 $ 2.34 $ 1.74
Diluted earnings per common share $ 0.80 $ 0.60 $ 2.34 $ 1.74
LOANS BY TYPE (UNAUDITED)
(In thousands)
3rd Quarter 2026 2nd Quarter 2026 1st Quarter 2026 4th Quarter 2025 3rd Quarter 2025
Commercial, financial and agricultural $ 3,386,275 $ 3,252,437 $ 3,189,704 $ 3,146,736 $ 2,945,784
Real estate - construction 1,566,203 1,564,504 1,531,042 1,457,628 1,532,285
Real estate - mortgage:
Owner-occupied commercial 2,853,062 2,781,375 2,718,512 2,739,823 2,680,055
1-4 family mortgage 1,717,781 1,685,723 1,695,140 1,671,713 1,625,296
Non-owner occupied commercial 5,141,148 5,123,635 4,739,642 4,603,389 4,448,710
Subtotal: Real estate - mortgage 9,711,991 9,590,733 9,153,294 9,014,925 8,754,061
Consumer 72,834 70,815 71,873 77,623 79,837
Total loans $ 14,737,303 $ 14,478,489 $ 13,945,913 $ 13,696,912 $ 13,311,967
SUMMARY OF CREDIT LOSS EXPERIENCE (UNAUDITED)
(Dollars in thousands)
3rd Quarter 2026 2nd Quarter 2026 1st Quarter 2026 4th Quarter 2025 3rd Quarter 2025
Allowance for credit losses:
Beginning balance $ 181,853 $ 173,905 $ 171,683 $ 170,235 $ 169,959
Loans charged off:
Commercial, financial and agricultural 1,862 4,074 8,291 7,695 7,947
Real estate - construction 6,959 711 - - -
Real estate - mortgage 207 5 91 64 1,294
Consumer 137 79 171 465 109
Total charge offs 9,165 4,869 8,553 8,224 9,350
Recoveries:
Commercial, financial and agricultural 1,398 667 178 1,532 237
Real estate - construction - - - - 30
Real estate - mortgage 3 396 - - -
Consumer 23 59 35 10 21
Total recoveries 1,423 1,122 213 1,542 288
Net charge-offs 7,741 3,747 8,340 6,682 9,062
Provision for loan losses 14,899 11,695 10,562 8,130 9,338
Ending balance $ 189,010 $ 181,853 $ 173,905 $ 171,683 $ 170,235
Allowance for credit losses to total loans 1.28 % 1.26 % 1.25 % 1.25 % 1.28 %
Allowance for credit losses to total average loans 1.30 % 1.28 % 1.26 % 1.27 % 1.29 %
Net charge-offs to total average loans 0.21 % 0.11 % 0.25 % 0.20 % 0.27 %
Provision for credit losses to total average loans 0.41 % 0.33 % 0.31 % 0.24 % 0.28 %
Nonperforming assets:
Nonaccrual loans $ 160,084 $ 169,711 $ 176,613 $ 168,351 $ 166,662
Loans 90+ days past due and accruing 1,514 1,242 1,274 478 965
Other real estate owned and
repossessed assets 14,865 4,834 3,072 2,583 611
Total $ 176,463 $ 175,787 $ 180,959 $ 171,412 $ 168,238
Nonperforming loans to total loans 1.10 % 1.18 % 1.28 % 1.23 % 1.26 %
Nonperforming assets to total assets 0.96 % 0.96 % 1.00 % 0.97 % 0.96 %
Nonperforming assets to earning assets 1.01 % 0.99 % 1.05 % 1.01 % 1.00 %
Allowance for credit losses to nonaccrual loans 118.07 % 107.15 % 98.47 % 101.98 % 102.14 %
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In thousands except per share data)
3rd Quarter 2026 2nd Quarter 2026 1st Quarter 2026 4th Quarter 2025 3rd Quarter 2025
Interest income:
Interest and fees on loans $ 228,652 $ 220,731 $ 210,066 $ 214,252 $ 210,987
Debt securities 16,088 15,827 16,099 17,204 17,343
Federal funds sold and securities purchased with agreement to resell 3,392 4,146 5,561 5,671 4,724
Other interest and dividends 9,221 9,176 9,754 14,261 18,254
Total interest income 257,353 249,880 241,480 251,388 251,308
Interest expense:
Deposits 80,414 79,440 78,285 86,920 98,735
Borrowed funds 17,125 14,803 15,047 17,947 19,125
Total interest expense 97,539 94,243 93,332 104,867 117,860
Net interest income 159,814 155,637 148,148 146,521 133,448
Provision for credit losses 15,245 11,412 10,637 7,922 9,463
Net interest income after provision for credit losses 144,569 144,225 137,511 138,599 123,985
Noninterest income:
Service charges on deposit accounts 3,448 3,338 3,296 3,339 3,316
Mortgage banking 1,935 2,221 1,892 1,664 1,864
Credit card income 2,409 2,492 2,202 1,835 2,405
Securities gains (losses) 148 - - - (7,812 )
Bank-owned life insurance income 4,343 4,133 2,822 8,149 2,405
Other operating income 829 708 628 704 655
Total noninterest income 13,112 12,892 10,840 15,691 2,833
Noninterest expenses:
Salaries and employee benefits 26,927 26,274 26,853 23,838 25,522
Equipment and occupancy expense 3,381 3,963 3,948 3,737 3,615
Third party processing and other services 8,081 7,962 7,525 7,779 8,095
Professional services 1,951 2,227 1,943 1,481 1,857
FDIC and other regulatory assessments 2,478 2,753 2,745 2,641 2,742
Other real estate owned expense 476 75 20 13 82
Other operating expenses 8,935 6,707 4,350 7,194 6,083
Total noninterest expenses 52,229 49,961 47,384 46,683 47,996
Income before income taxes 105,452 107,156 100,967 107,607 78,822
Provision for income taxes 18,144 21,363 17,996 21,223 13,251
Net income 87,308 85,793 82,971 86,384 65,571
Dividends on preferred stock - 31 - 31 -
Net income available to common stockholders $ 87,308 $ 85,762 $ 82,971 $ 86,353 $ 65,571
Basic earnings per common share $ 0.80 $ 0.78 $ 0.76 $ 0.79 $ 0.60
Diluted earnings per common share $ 0.80 $ 0.78 $ 0.76 $ 0.79 $ 0.60
AVERAGE BALANCE SHEETS AND NET INTEREST ANALYSIS (UNAUDITED)
ON A FULLY TAXABLE-EQUIVALENT BASIS
(Dollars in thousands)
3rd Quarter 2026 2nd Quarter 2026 1st Quarter 2026 4th Quarter 2025 3rd Quarter 2025
Average Balance Yield / Rate Average Balance Yield / Rate Average Balance Yield / Rate Average Balance Yield / Rate Average Balance Yield / Rate
Assets:
Interest-earning assets:
Loans, net of unearned income (1)
Taxable $ 14,523,000 6.23 % $ 14,198,439 6.18 % $ 13,751,447 6.18 % $ 13,474,271 6.30 % $ 13,175,297 6.34 %
Tax-exempt (2) 21,997 7.41 26,082 37.03 32,976 5.82 30,670 5.52 30,478 5.47
Total loans, net of unearned
income 14,544,997 6.24 14,224,521 6.23 13,784,423 6.18 13,504,941 6.29 13,205,775 6.34
Mortgage loans held for sale 11,909 4.83 13,327 5.30 10,680 4.40 9,887 4.49 11,351 4.82
Debt securities:
Taxable 1,669,210 3.85 1,657,378 3.82 1,702,499 3.78 1,826,632 3.77 1,926,101 3.60
Tax-exempt (2) 444 5.41 444 5.41 444 5.41 444 5.41 444 5.41
Total securities (3) 1,669,654 3.85 1,657,822 3.82 1,702,943 3.78 1,827,076 3.77 1,926,545 3.60
Federal funds sold and securities
purchased with agreement to resell 298,700 4.50 372,645 4.46 501,377 4.50 469,148 4.79 365,733 5.12
Restricted equity securities 12,465 5.98 12,456 6.41 12,228 6.17 12,193 6.61 12,167 6.36
Interest-bearing balances with banks 950,426 3.76 964,808 3.73 1,041,026 3.73 1,393,155 4.00 1,608,118 4.45
Total interest-earning assets $ 17,488,151 5.84 % $ 17,245,579 5.82 % $ 17,052,677 5.75 % $ 17,216,400 5.79 % $ 17,129,689 5.82 %
Noninterest-earning assets:
Cash and due from banks 84,825 96,648 103,847 102,066 103,470
Net premises and equipment 65,791 63,303 61,253 61,009 60,614
Allowance for credit losses, accrued
interest and other assets 682,065 606,506 552,337 556,704 415,586
Total assets $ 18,320,832 $ 18,012,036 $ 17,770,114 $ 17,936,179 $ 17,709,359
Interest-bearing liabilities:
Interest-bearing deposits:
Checking $ 2,226,470 1.72 % $ 2,050,758 1.69 % $ 2,101,953 1.60 % $ 2,126,615 1.77 % $ 2,069,440 2.16 %
Savings 110,246 1.43 112,077 1.41 110,843 1.42 106,551 1.52 103,668 1.66
Money market 7,835,165 3.05 7,956,884 3.03 7,812,168 3.01 7,816,487 3.23 7,965,115 3.67
Time deposits 1,235,134 3.28 1,274,496 3.26 1,373,023 3.42 1,392,749 3.80 1,344,257 3.97
Total interest-bearing deposits 11,407,015 2.80 11,394,215 2.80 11,397,987 2.79 11,442,402 3.01 11,482,480 3.41
Federal funds purchased 1,760,091 3.78 1,549,520 3.74 1,593,215 3.74 1,712,399 4.01 1,640,377 4.46
Other borrowings 34,750 3.96 34,750 4.02 34,750 4.05 59,207 4.21 64,761 4.21
Total interest-bearing liabilities $ 13,201,856 2.93 % $ 12,978,485 2.91 % $ 13,025,952 2.91 % $ 13,214,008 3.15 % $ 13,187,618 3.55 %
Noninterest-bearing liabilities:
Noninterest-bearing
checking 2,921,746 2,923,956 2,728,354 2,768,495 2,651,043
Other liabilities 190,118 167,024 137,231 143,680 122,873
Stockholders' equity 2,010,433 1,944,735 1,879,072 1,813,097 1,762,980
Accumulated other comprehensive
loss (3,321 ) (2,164 ) (495 ) (3,101 ) (15,155 )
Total liabilities and
stockholders' equity $ 18,320,832 $ 18,012,036 $ 17,770,114 $ 17,936,179 $ 17,709,359
Net interest spread 2.91 % 2.91 % 2.84 % 2.64 % 2.27 %
Net interest margin 3.63 % 3.63 % 3.53 % 3.38 % 3.09 %
(1) Average loans include nonaccrual loans in all periods. Loan fees of $5,169, $4,763, $5,186, $5,464, and $6,103 are included in interest income in the third quarter of 2026, second quarter of 2026, first quarter of 2026, fourth quarter of 2025, and third quarter of 2025, respectively.
(2) Interest income and yields are presented on a fully taxable equivalent basis using a tax rate of 21%.
(3) Unrealized losses on debt securities of $(6,260), $(4,830), $(2,713), $(6,311), and $(22,574) for the third quarter of 2026, second quarter of 2026, first quarter of 2026, fourth quarter of 2025, and third quarter of 2025, respectively, are excluded from the yield calculation.
EX-99.2 — EXHIBIT 99.2
EX-99.2
Filename: exh_992.htm · Sequence: 3
EdgarFiling
Exhibit 99.2
Selected
Financial Data (in thousands except number of employees)
9/30/2026
6/30/2026
9/30/2025
Scheduled
CD maturities for subsequent quarter
$ 577,396
$ 558,471
$ 642,619
Average rate
scheduled CD maturities for subsequent quarter
3.36 %
3.32 %
4.04 %
Average loan
rate - loan originations/renewals QTD (excludes fees)
6.59 %
6.33 %
6.87 %
Cost of total
deposits, Qtr-End
2.28 %
2.21 %
2.63 %
Cost of interest-bearing
deposits, Qtr-End
2.89 %
2.80 %
3.24 %
Net interest
margin, final month of Qtr
3.68 %
3.59 %
2.97 %
Noninterest
bearing DDA balances, Qtr-End
$ 2,910,281
$ 2,995,402
$ 2,598,895
Reserve for
unfunded commitments, Qtr-End
$ 710
$ 364
$ 780
Credit card
spend QTD
$ 286,913
$ 280,533
$ 272,473
Credit card
net income QTD
$ 2,409
$ 2,492
$ 2,405
Merchant services
fees QTD
$ 745
$ 714
$ 580
Mortgage banking
income QTD
$ 1,935
$ 2,221
$ 1,864
FDIC insurance
QTD
$ 2,475
$ 2,475
$ 2,475
Salaries &
employee benefits QTD
$ 26,927
$ 26,274
$ 25,522
Other operating
expense
$ 8,935
$ 6,707
$ 6,083
Third party
processing and other services QTD
$ 8,082
$ 7,962
$ 8,095
Equipment
and occupancy expense QTD
$ 3,380
$ 3,964
$ 3,615
Earnings retention
YTD
76 %
75 %
72 %
QTD tax rate
17.21 %
19.94 %
16.81 %
YTD tax rate
18.34 %
18.91 %
18.89 %
Available
Liquidity
9/30/2026
6/30/2026
9/30/2025
Cash and cash
equivalents
$ 1,185,015
$ 1,456,473
$ 1,773,305
Investment
Securities (mkt value), net of pledged 1
$ 297,143
$ 260,846
$ 448,305
Total on balance
sheet liquidity
$ 1,482,158
$ 1,717,319
$ 2,398,323
FHLB fundings
availability
$ 3,355,315
$ 3,403,609
$ 3,159,368
Correspondent
lines of credit availability
$ 150,000
$ 150,000
$ 225,000
Brokered deposit
availability (25% of assets per policy)
$ 4,579,923
$ 4,586,374
$ 4,396,050
Federal Reserve
Bank fundings availability
$ 2,588,630
$ 2,562,745
$ 2,215,168
Total
Available Liquidity
$ 12,156,026
$ 12,420,048
$ 12,393,909
1. Reported investment securities balance includes
a 50% haircut on corporate securities ($187 million) per regulatory guidance
GRAPHIC
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v3.26.3
Cover
Oct. 19, 2026
Document Type
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Amendment Flag
false
Document Period End Date
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Entity File Number
001-36452
Entity Registrant Name
ServisFirst Bancshares, Inc.
Entity Central Index Key
0001430723
Entity Tax Identification Number
26-0734029
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
2500 Woodcrest Place
Entity Address, City or Town
Homewood
Entity Address, State or Province
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Entity Address, Postal Zip Code
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City Area Code
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Local Phone Number
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- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
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X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
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dei_EntityAddressStateOrProvince
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dei:stateOrProvinceItemType
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
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Data Type:
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Balance Type:
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X
- Definition
Local phone number for entity.
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No definition available.
+ Details
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Namespace Prefix:
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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Data Type:
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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Data Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
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Namespace Prefix:
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Data Type:
dei:tradingSymbolItemType
Balance Type:
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Period Type:
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X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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