NYSE$SFBS

ServisFirst Bancshares Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported net income of $52.5 million, with basic and diluted earnings per common share of $0.97 and $0.96, respectively, for the third quarter of 2021.

ServisFirst Bancshares, Inc. reported a strong third quarter in 2021, marked by significant loan growth and solid credit quality. Net income reached $52.5 million, with earnings per share at $0.96. The bank experienced growth in net interest income and managed to maintain good operating efficiency.

  • Net income for the quarter ended September 30, 2021, was $52.5 million.
  • Basic and diluted earnings per common share were $0.97 and $0.96, respectively.
  • Net interest income for the third quarter of 2021 was $96.3 million.
  • Non-performing assets to total assets were 0.11%.

Headline financials

Total Revenue

$104M

Previous: $93.3M+11.9%
EPS (adj)

$0.96

Previous: $0.80+20.0%
Net Interest Margin

2.9%

Previous: 3.1%-9.2%
Return on Average Assets

1.5%

Previous: 1.5%-2.6%
Return on Average Common Stockholders' Equity

18.9%

Previous: 18.4%+2.7%
Efficiency Ratio

33.0%

Previous: 28.5%+15.6%
Non-performing Assets to Total Assets

0.1%

No prior period
Net Charge-offs to Total Average Loans

0.1%

Previous: 0.5%-85.2%
Capital Expenditures

-$93K

No prior period
Free Cash Flow

$52.5M

Previous: $43.4M+21.1%
Net Income

$52.5M

Previous: $43.4M+21.1%
Operating Income

$68.7M

Previous: $30.4M+126.2%
Gross Profit

$81.3M

Previous: $57.1M+42.3%
Cash & Equivalents

$102M

Previous: $70.5M+45.2%
Total Assets

$14.6B

Previous: $11.4B+28.1%
Stock-Based Comp

$461K

Previous: $339K+36.0%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$104M

Q3 2021+11.9%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
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 Q3 2021

Historical avgQ3 2021

+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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