NYSE$SFBS

ServisFirst Bancshares Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported net income of $43.4 million, with basic and diluted earnings per share of $0.80 for the third quarter of 2020.

ServisFirst Bancshares, Inc. reported a strong third quarter in 2020, with increased net income and earnings per share compared to the same period in 2019. The company saw a rebound in loan demand and maintained a strong balance sheet with good credit quality and liquidity.

  • Net income reached $43.4 million, up from $37.6 million in Q3 2019.
  • Basic and diluted earnings per share were $0.80, compared to $0.70 and $0.69 in Q3 2019, respectively.
  • Net interest income increased to $85.1 million from $73.0 million in Q3 2019.
  • Average loans increased by 20% to $8.36 billion compared to Q3 2019.

Headline financials

Total Revenue

$93.3M

Previous: $79.2M+17.7%
EPS (adj)

$0.80

Previous: $0.67+19.4%
Net Interest Margin

3.1%

Previous: 3.4%-6.5%
Return on Average Assets

1.5%

Previous: 1.7%-7.8%
Return on Average Common Stockholders' Equity

18.4%

Previous: 18.7%-1.4%
Efficiency Ratio

28.5%

Previous: 31.8%-10.3%
Net Charge-offs to Total Average Loans

0.5%

Previous: 0.5%+10.2%
Free Cash Flow

$43.4M

Previous: $36M+20.3%
Net Income

$43.4M

Previous: $37.6M+15.4%
Operating Income

$30.4M

Previous: $26M+16.8%
Gross Profit

$57.1M

Previous: $62.5M-8.6%
Cash & Equivalents

$70.5M

Previous: $1.05B-93.3%
Total Assets

$11.4B

Previous: $9.01B+26.5%
Stock-Based Comp

$339K

Previous: $293K+15.7%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$93.3M

Q3 2020+17.7%vs Q3 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 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 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
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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