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 20 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
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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