NYSE$SFBS

ServisFirst Bancshares Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported net income of $51.5 million and EPS of $0.95 for the quarter ended March 31, 2021.

ServisFirst Bancshares, Inc. reported a strong first quarter in 2021, with net income reaching $51.5 million and earnings per share at $0.95. The company saw growth in average loans and total deposits, along with a decrease in non-performing assets.

  • Net income and net income available to common stockholders reached $51.5 million.
  • Basic and diluted earnings per common share were $0.95.
  • Net interest income was $92.4 million.
  • Average total deposits increased by $2.54 billion, or 33%.

Headline financials

Total Revenue

$101M

Previous: $84.3M+19.6%
EPS (adj)

$0.95

Previous: $0.64+48.4%
Net Interest Margin

3.2%

Previous: 3.6%-10.6%
Return on Average Assets

1.7%

Previous: 1.5%+11.7%
Return on Average Common Stockholders' Equity

19.8%

Previous: 16.2%+22.2%
Efficiency Ratio

28.7%

Previous: 33.1%-13.4%
Non-performing Assets to Total Assets

0.2%

Previous: 0.4%-63.6%
Free Cash Flow

$51.5M

Previous: $34.8M+48.0%
Net Income

$51.5M

Previous: $34.8M+48.0%
Operating Income

$79.6M

Previous: $42.4M+87.6%
Gross Profit

$93.4M

Previous: $70.7M+32.0%
Cash & Equivalents

$70.1M

Previous: $685M-89.8%
Total Assets

$12.6B

Previous: $9.36B+35.1%
Stock-Based Comp

$291K

Previous: $277K+5.1%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$101M

Q1 2021+19.6%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

ServisFirst · $2.84M total across 2 segments · Q2 2023

  • Service Charges on Deposit Accounts
    $2.14M
  • Mortgage Banking
    $696K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.9%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+3.8%

Avg return

30 days after

60%

29 / 48 earnings

Positive

+19.7%

Q2 2023

Best reaction

-12.9%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.7%+1.4%-0.9%
Q4 2025+15.1%+7.2%+13.7%
Q3 2025-7.3%-7.1%-11.2%
Q2 2025-1.7%+0.3%+1.1%
Q1 2025-0.0%+1.9%+5.7%
Q4 2024+2.7%+1.1%-0.1%
Q3 2024-1.4%-3.5%+8.2%
Q2 2024+17.0%+13.2%+7.9%
Q1 2024+4.0%+0.9%+6.5%
Q4 2023+4.8%-3.0%-6.9%
Q3 2023-1.9%-9.4%+0.3%
Q2 2023+19.7%+15.3%+19.9%
Q1 2023-0.5%+0.4%-9.1%
Q4 2022-9.7%-6.7%+1.9%
Q3 2022-12.9%-18.0%-10.6%
Q2 2022+2.0%+1.5%+16.5%
Q1 2022+5.1%+1.4%-4.5%
Q4 2021+2.5%+1.4%+3.2%
Q3 2021+5.4%+4.8%+11.1%
Q2 2021+2.7%+3.6%+6.4%
Q1 2021-2.1%+1.2%+7.2%
Q4 2020+1.1%-5.0%+17.9%
Q3 2020+3.7%+3.8%+3.4%
Q2 2020+7.2%+6.9%+8.6%
Q1 2020+2.7%+7.7%+10.7%
Q4 2019+8.8%+3.1%+9.5%
Q3 2019+5.4%+4.0%+8.4%
Q2 2019-3.8%-2.1%-10.7%
Q1 2019-2.5%-5.0%-6.3%
Q4 2018-1.9%-1.4%+3.7%
Q3 2018+2.2%-1.6%+5.2%
Q2 2018-4.5%-4.5%+0.2%
Q1 2018+5.7%+4.2%+4.4%
Q4 2017+2.4%+0.1%-1.0%
Q3 2017+3.1%+5.5%+1.1%
Q2 2017+0.3%+0.6%-4.9%
Q1 2017+6.1%+10.6%+6.1%
Q4 2016+2.9%+4.2%+7.9%
Q3 2016-2.7%+0.7%+22.2%
Q2 2016+3.6%+1.4%+0.4%
Q1 2016+5.5%
Q4 2015-0.7%
Q3 2015+4.2%
Q2 2015-1.8%
Q1 2015+2.1%
Q4 2014-0.8%
Q3 2014-0.1%
Q2 2014-0.3%
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2011
Q1 2012
Q4 2011
Q4 2010
Q4 2009
Q3 2010
Q3 2011
Q2 2011
Q2 2010
Q1 2010

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