NYSE$SFBS

ServisFirst Bancshares Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net income of $57.6 million and EPS of $1.06 for the quarter ended March 31, 2022.

ServisFirst Bancshares, Inc. reported a strong first quarter in 2022, with net income reaching $57.6 million and earnings per share at $1.06. The company saw growth in average loans and net interest income, while also managing liquidity effectively.

  • Net income was $57.6 million, compared to $51.5 million for the same quarter in 2021.
  • Basic and diluted earnings per common share were $1.06, compared to $0.95 for the first quarter of 2021.
  • Net interest income increased to $105.7 million, compared to $92.4 million for the first quarter of 2021.
  • Average loans for the first quarter of 2022 were $9.65 billion, an increase of 25.7% annualized.

Headline financials

Total Revenue

$114M

Previous: $101M+12.7%
EPS (adj)

$0.99

Previous: $0.95+4.2%
Net Interest Margin

2.9%

Previous: 3.2%-9.7%
Return on Average Assets

1.5%

Previous: 1.7%-11.0%
Return on Average Common Stockholders' Equity

20.1%

Previous: 19.8%+1.3%
Efficiency Ratio

32.7%

Previous: 28.7%+14.2%
Non-performing Assets to Total Assets

0.1%

Previous: 0.2%-12.5%
Net Charge-offs to Total Average Loans

0.1%

No prior period
Free Cash Flow

$57.6M

Previous: $51.5M+12.0%
Net Income

$57.6M

Previous: $51.5M+12.0%
Operating Income

$95.1M

Previous: $79.6M+19.4%
Gross Profit

$108M

Previous: $93.4M+16.0%
Cash & Equivalents

$103M

Previous: $70.1M+47.5%
Total Assets

$15.3B

Previous: $12.6B+21.3%
Stock-Based Comp

$790K

Previous: $291K+171.5%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$114M

Q1 2022+12.7%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
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 2022

Historical avgQ1 2022

+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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