NYSE$SFBS
ServisFirst Bancshares Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported a net income of $59.9 million and EPS of $1.10, with margin expansion and controlled expenses.
ServisFirst Bancshares reported a strong third quarter with a net income of $59.9 million and earnings per share of $1.10. The company saw margin expansion, growth in noninterest bearing demand deposits, and a decrease in the efficiency ratio. The increase in non-performing assets to total assets can primarily be attributed to a single relationship that moved to non-accrual status during the first quarter of 2024.
- Net income and net income available to common stockholders was $59.9 million.
- Basic and diluted earnings per common share were both $1.10.
- Net interest income was $115.1 million.
- The net interest margin was 2.84%.
Headline financials
Revenue & EPS history
ServisFirst · Revenue · Quarterly
$124M
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
Management is assessing the impact of Hurricanes Helene and Milton to determine if additional provisions are warranted.
Tailwinds
- Solid loan pipeline
- Improving margin
- Strong liquidity
- Strong credit quality
- Optimistic outlook for the bank
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 2024
+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% | — | — | |
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