ServisFirst Bancshares, Inc. SFBS
We are a bank holding company within the meaning of the Bank Holding Company Act of 1956 and are headquartered in Birmingham, Alabama. Through our wholly-owned subsidiary bank, we operate 33 full-service banking offices located in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. We also operate a loan production office in Florida. Through our 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. As of December 31, 2025, we had total assets of approximately $17.73 billion, total loans of approximately $13.70 billion, total deposits of approximately $14.22 billion, and total stockholders' equity of approximately $1.85 billion.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $990.4M | $946.1M | $813.2M | $559.3M | $416.3M | $389.0M | $390.8M | $326.6M | $262.8M | $212.9M |
| Interest expense | $535.2M | $446.7M | $410.9M | $470.9M | $31.8M | $51.0M | $103.2M | $63.9M | $35.3M | $25.8M |
| Pre-tax income | $342.1M | $279.0M | $244.6M | $308.8M | $253.3M | $214.2M | $186.9M | $168.8M | $137.3M | $110.8M |
| Income tax | $65.5M | $51.7M | $37.7M | $57.3M | $45.6M | $44.6M | $37.6M | $31.9M | $44.3M | $29.3M |
| Net income | $276.6M | $227.2M | $206.9M | $251.5M | $207.7M | $169.6M | $149.2M | $136.9M | $93.1M | $81.5M |
| EPS, basic | 5.06 | 4.17 | 3.80 | 4.63 | 3.83 | 3.15 | 2.79 | 2.57 | 1.76 | 1.55 |
| EPS, diluted | 5.06 | 4.16 | 3.79 | 4.61 | 3.82 | 3.13 | 2.76 | 2.53 | 1.72 | 1.52 |
| Shares, diluted (wtd. avg.) | $54.7M | $54.6M | $54.5M | $54.5M | $54.4M | $54.2M | $54.1M | $54.2M | $54.1M | $53.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $95.1M | $116.4M | $123.4M | $106.3M | $56.9M | $93.7M | $78.6M | $681.9M | $477.6M | $784.0M |
| Property, plant and equipment | $60.4M | $59.2M | $59.3M | $59.9M | $60.3M | $55.0M | $56.5M | $57.8M | $58.9M | $40.3M |
| Goodwill | $13.6M | $13.6M | $13.6M | $13.6M | — | — | — | — | — | — |
| Total assets | $17.73B | $17.35B | $16.13B | $14.60B | $15.45B | $11.93B | $8.95B | $8.01B | $7.08B | $6.37B |
| Total liabilities | $15.88B | $15.73B | $14.69B | $13.30B | $14.30B | $10.94B | $8.10B | $7.29B | $6.47B | $5.85B |
| Retained earnings | $1.61B | $1.41B | $1.25B | $1.11B | $911.0M | $748.2M | $616.6M | $500.9M | $389.6M | $307.2M |
| Total equity | $1.85B | $1.62B | $1.44B | $1.30B | $1.15B | $992.9M | $842.7M | $715.2M | $607.6M | $522.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $355.2M | $252.9M | $197.3M | $272.6M | $266.3M | $191.3M | $164.3M | $168.3M | $118.5M | $98.5M |
| Depreciation and amortisation | $4.7M | $4.8M | $4.4M | $4.1M | $4.1M | $3.8M | $3.7M | $3.4M | $2.6M | $2.7M |
| Stock-based compensation | $3.0M | $3.5M | $3.6M | $3.2M | $1.9M | $1.3M | $1.1M | $851.0K | $1.2M | $1.2M |
| Capital expenditure | — | — | — | — | — | — | — | $2.3M | $21.2M | $22.2M |
| Investing cash flow | -$1.15B | -$948.5M | -$200.4M | -$2.64B | -$1.56B | -$1.41B | -$988.3M | -$754.5M | -$1.04B | -$861.6M |
| Financing cash flow | $49.3M | $941.2M | $1.32B | -$1.04B | $3.31B | $2.80B | $772.8M | $790.5M | $617.4M | $1.19B |
| Dividends paid | $73.2M | $65.4M | $45.7M | $37.5M | $32.5M | $28.2M | $24.1M | $20.2M | $10.0M | $7.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001171843-26-002258.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |