NYSE$SFBS

ServisFirst Bancshares Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported net income of $52.1 million, with basic and diluted earnings per common share at $0.96 and $0.95 respectively.

ServisFirst Bancshares, Inc. announced strong earnings for the second quarter of 2024, marked by growth in loans and deposits alongside strategic market expansion into Auburn-Opelika, Alabama. The company reported a net income of $52.1 million and an increase in net interest margin to 2.79%.

  • Net income reached $52.1 million.
  • Earnings per share were $0.95.
  • Net interest margin increased to 2.79%.
  • Entered Auburn-Opelika, Alabama market with a new banking team.

Headline financials

Total Revenue

$115M

Previous: $110M+4.5%
EPS

$0.95

Previous: $0.98-3.1%
Net Interest Margin

2.8%

Previous: 2.9%-4.8%
Return on Average Assets

1.3%

Previous: 1.5%-10.7%
Return on Average Common Stockholders' Equity

14.1%

Previous: 15.8%-11.2%
Efficiency Ratio

37.3%

Previous: 35.0%+6.5%
Non-performing Assets to Total Assets

0.2%

No prior period
Net Charge-offs to Total Average Loans

0.1%

No prior period
Common Equity Tier 1 Capital to Risk-Weighted Assets

10.9%

No prior period
Tier 1 Capital to Risk-Weighted Assets

10.9%

No prior period
Total Capital to Risk-Weighted Assets

12.4%

No prior period
Tier 1 Capital to Average Assets

9.8%

Previous: 9.8%-0.2%
Tangible Common Equity to Total Tangible Assets

9.3%

No prior period
Allowance for Credit Losses to Total Loans

1.3%

No prior period
Allowance for Credit Losses to Total Average Loans

1.3%

No prior period
Provision for Credit Losses to Total Average Loans

0.2%

No prior period
Nonperforming Loans to Total Loans

0.3%

No prior period
Nonperforming Assets to Earning Assets

0.2%

No prior period
Allowance for Credit Losses to Nonaccrual Loans

472.6%

No prior period
Free Cash Flow

$52.1M

Previous: $53.5M-2.5%
Net Income

$52.1M

Previous: $53.5M-2.5%
Operating Income

-$26.3M

Previous: $2.76M-1054.6%
Gross Profit

$109M

Previous: $103M+6.0%
Stock-Based Comp

$878K

Previous: $982K-10.6%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$115M

Q2 2024+4.5%vs Q2 2023
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 Q2 2024

Historical avgQ2 2024

+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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