NYSE$SFBS

ServisFirst Bancshares Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

ServisFirst Bancshares, Inc. reported net income of $40.4 million and EPS of $0.75 for the second quarter of 2020.

ServisFirst Bancshares, Inc. reported a strong second quarter of 2020, with net income reaching $40.4 million and basic and diluted earnings per common share at $0.75. The bank saw growth in net interest income and managed to increase average loans and total deposits.

  • Net income for the quarter ended June 30, 2020, was $40.4 million, compared to $35.6 million for the same quarter in 2019.
  • Basic and diluted earnings per common share were $0.75 for Q2 2020, up from $0.67 and $0.66 respectively in Q2 2019.
  • Net interest income increased to $83.2 million for Q2 2020, compared to $70.1 million for Q2 2019.
  • Average loans for Q2 2020 were $8.33 billion, a 23% increase over Q2 2019, driven by PPP loan origination.

Headline financials

Total Revenue

$90.3M

Previous: $75.9M+19.0%
EPS (adj)

$0.75

Previous: $0.66+13.6%
Return on Average Assets

1.6%

Previous: 1.7%-8.3%
Return on Average Common Stockholders' Equity

18.4%

Previous: 18.7%-1.7%
Efficiency Ratio

31.9%

Previous: 34.3%-6.9%
Net Charge-offs to Total Average Loans

0.2%

Previous: 0.2%-9.1%
Free Cash Flow

$40.4M

Previous: $34.4M+17.5%
Net Income

$40.4M

Previous: $35.6M+13.5%
Operating Income

$45.9M

Previous: $30.9M+48.6%
Gross Profit

$66.4M

Previous: $66.1M+0.5%
Cash & Equivalents

$1.55B

Previous: $886M+74.8%
Total Assets

$11B

Previous: $8.74B+26.0%
Stock-Based Comp

$353K

Previous: $206K+71.4%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$90.3M

Q2 2020+19%vs Q2 2019
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 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+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
Q2 2026———
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 2010———
Q4 2011———
Q4 2009———
Q3 2011———
Q3 2010———
Q2 2011———
Q2 2010———
Q1 2010———

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