NYSE$SFBS

ServisFirst Bancshares Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a net income increase of 22% year-over-year and earnings per share of $1.17.

ServisFirst Bancshares, Inc. reported strong third-quarter results with diluted earnings per share of $1.17, a 22% increase over the third quarter of 2021. Total loans grew by $661.3 million, and the company expanded into new markets.

  • Diluted earnings per share were $1.17 for the third quarter of 2022, a 22% increase over the third quarter of 2021 and a 3% increase on a linked-quarter basis
  • Preliminary settlement of litigation and write-down of a private investment resulting in charges of $2.4 million, net of income taxes, or $0.05 per diluted share
  • Total loans grew $661.3 million during the third quarter of 2022, or 25% annualized
  • Entered the Piedmont, North Carolina market and expanded our presence in Northwest Florida and Nashville.

Headline financials

Total Revenue

$135M

Previous: $104M+29.7%
EPS (adj)

$1.22

Previous: $0.96+27.1%
Return on Average Assets

1.8%

Previous: 1.5%+18.0%
Return on Average Common Stockholders' Equity

20.5%

Previous: 18.9%+8.2%
Efficiency Ratio

31.5%

Previous: 33.0%-4.3%
Capital Expenditures

-$93K

Previous: -$93K+0.0%
Free Cash Flow

$63.9M

Previous: $52.5M+21.8%
Net Income

$64M

Previous: $52.5M+22.0%
Operating Income

$73.5M

Previous: $68.7M+7.1%
Gross Profit

$105M

Previous: $81.3M+29.0%
Cash & Equivalents

$249M

Previous: $102M+143.4%
Total Assets

$13.9B

Previous: $14.6B-4.9%
Stock-Based Comp

$804K

Previous: $461K+74.4%

Revenue & EPS history

ServisFirst · Revenue · Quarterly

$135M

Q3 2022+29.7%vs Q3 2021
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 19 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 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
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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