NYSE$SFBS

ServisFirst Bancshares Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Earnings and operating results were announced for the quarter ended March 31, 2023.

ServisFirst Bancshares, Inc. reported a net income of $57.971 million and diluted earnings per share of $1.06 for the first quarter of 2023, which remained unchanged compared to the first quarter of 2022. The company saw a 23% increase in new accounts opened year-over-year and deposit balances grew by $69 million during the quarter.

  • Diluted earnings per share were $1.06, unchanged from Q1 2022.
  • New accounts opened increased 23% year-over-year.
  • Deposit balances grew $69 million during the quarter.
  • Available liquidity sources totaled $8.4 billion as of March 31, 2023.

Headline financials

Total Revenue

$115M

Previous: $114M+0.8%
EPS (adj)

$1.06

Previous: $0.99+7.1%
Return on Average Assets

1.6%

Previous: 1.5%+6.5%
Return on Average Common Stockholders' Equity

17.8%

Previous: 20.1%-11.2%
Efficiency Ratio

34.6%

Previous: 32.7%+5.7%
Free Cash Flow

$58M

Previous: $57.6M+0.6%
Net Income

$58M

Previous: $57.6M+0.6%
Operating Income

$25.3M

Previous: $95.1M-73.4%
Gross Profit

$110M

Previous: $108M+2.0%
Cash & Equivalents

$139M

Previous: $103M+34.5%
Total Assets

$14.6B

Previous: $15.3B-5.0%
Stock-Based Comp

$808K

Previous: $790K+2.3%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$115M

Q1 2023+0.8%vs Q1 2022
Beat estimate in 8 of 14 quarters(57%)
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 2023

Historical avgQ1 2023

+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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