NYSE$SFBS
ServisFirst Bancshares Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
ServisFirst Bancshares' earnings decreased compared to the previous year, but total assets and deposits increased, and credit quality remained strong.
ServisFirst Bancshares reported a decrease in net income and diluted earnings per share compared to the third quarter of 2022. However, total assets reached $16.0 billion, and total deposits increased to $13.1 billion. Credit quality remained strong, with non-performing assets to total assets at 0.15%.
- Total assets reached $16.0 billion, a 9.9% increase year-to-date.
- Total deposits were $13.1 billion, a 7% increase from the second quarter of 2023.
- Diluted net income per share was $0.98 for the quarter.
- Credit quality remained strong with non-performing assets to total assets of 0.15%.
Headline financials
Revenue & EPS history
ServisFirst · Revenue · Quarterly
$108M
Revenue by segment
ServisFirst · $2.84M total across 2 segments · Q2 2023
- Service Charges on Deposit Accounts$2.14M—75.5%
- Mortgage Banking$696K—24.5%
Forward guidance
Bud Foshee, CFO, mentioned that the company continues to see strong asset quality with record low past dues, while loan pipelines and activity are beginning to rebuild, which should improve profitability in coming quarters.
Tailwinds
- Strong asset quality
- Record low past dues
- Loan pipelines beginning to rebuild
- Loan activity beginning to rebuild
- Profitability should improve in coming quarters
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 2023
+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
| Quarter | Report date | Reaction (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 | — | — | — | |
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| 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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