NYSE$SFBS

ServisFirst Bancshares Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong earnings and operating results with significant loan growth and profitability.

ServisFirst Bancshares, Inc. reported a strong second quarter in 2022, with diluted earnings per share of $1.14, a 24% increase over the second quarter of 2021. The company saw total loans grow by $718.4 million and deposits grew by $814.1 million year-over-year.

  • Diluted earnings per share increased 24% year-over-year to $1.14.
  • Total loans grew by $718.4 million during the quarter, or 29% annualized.
  • Entered the Tallahassee, Florida market.
  • Return on equity was 21% for the quarter.

Headline financials

Total Revenue

$126M

Previous: $104M+20.7%
EPS (adj)

$1.14

Previous: $0.92+23.9%
Net Interest Margin

3.3%

No prior period
Return on Average Assets

1.7%

No prior period
Return on Average Common Stockholders' Equity

20.9%

No prior period
Efficiency Ratio

31.6%

Previous: 30.0%+5.4%
Free Cash Flow

$62.1M

Previous: $50M+24.2%
Net Income

$62.1M

Previous: $50M+24.2%
Operating Income

$96.4M

Previous: $72.7M+32.5%
Gross Profit

$111M

Previous: $87.2M+27.4%
Cash & Equivalents

$1.69B

Previous: $72.6M+2225.9%
Total Assets

$14.5B

Previous: $13.2B+9.7%
Stock-Based Comp

$797K

Previous: $558K+42.8%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$126M

Q2 2022+20.7%vs Q2 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

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

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

Forward guidance

This document does not contain any forward guidance.

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 Q2 2022

Historical avgQ2 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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