ServisFirst Bancshares

SFBS · NYSE · Financials · Financials, fiscal 2016 to 2025

SFBS · Last close · November 6, 2026

$41.08

ServisFirst Bancshares' revenue rose 16.8% to $562 million in fiscal 2025. Net income was $277 million, up 21.7%. Its return on equity was 16.0%, up from 14.9% a year earlier. Its efficiency ratio was 32.9%, down from 37.6% a year earlier. It paid out $73 million in dividends and buybacks.

SERVISFIRST BANCSHARES, INC. Latest fiscal year ended December 31, 2025 10-K filed February 27, 2026 · 0001171843-26-001150 Updated November 5, 2026

Revenue

$562M

16.8%

Net income

$277M

21.7%

Return on equity

16.0%

1.1 pts

Return on tangible equity

16.1%

1.1 pts

Efficiency ratio

32.9%

4.7 pts

Market cap

$4.5B

Nov 6 close

P/E

16.2x

On $2.53 EPS, FY25

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both. Revenue is net of interest expense.

Revenue (left axis)Net income (right axis)

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

From fiscal 2016 to 2025, earnings per share grew 14.3% a year and net income 14.5% a year, as new shares raised the share count by 2% and diluted each share's earnings.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Balance sheet

Loans and deposits

US$ billions, at each fiscal year end

Loans, netDeposits

Total assets and shareholders' equity

US$ billions, at each fiscal year end. Assets on the left axis, equity on the right.

Total assets (left axis)Equity (right axis)

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	9,416	11,542	—	12,441	13,525
Deposits	12,453	11,547	13,274	13,544	14,219
Loans to deposits	75.6%	100.0%	—	91.9%	95.1%
Provision for credit losses	32	38	19	22	35
Provision to average loans	0.3%	0.4%	—	—	0.3%
Total assets	15,449	14,596	16,130	17,352	17,727
Shareholders' equity	1,152	1,297	1,440	1,616	1,850

US$ millions unless stated, at each fiscal year end.

Cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project ServisFirst Bancshares' revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them. Every projected figure is yours: it is not a forecast of ours.

Open ServisFirst Bancshares' projections

Insider trades

Over the 12 months between November 7, 2025 and November 6, 2026, no insider bought ServisFirst Bancshares shares on the open market, and 1 insider sold $4.2 million.

Buys and sells by month

US$ millions, open-market purchases (up) and sales (down) by officers, directors and 10% owners in each month.

BoughtSold

Date	Insider	Trade	Shares	Price	Value	Filing
Jul 31, 2026	Cashio J. RichardDirector	Sold	11,500	$89.43	$1.0 million	Form 4
Mar 24, 2026	Cashio J. RichardDirector	Sold	42,000	$74.50	$3.1 million	Form 4

Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put ServisFirst Bancshares side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
ServisFirst Bancshares	FY25	16.8%	49.2%	16.0%	16.1%	32.9%
FB Financial	FY25	22.9%	21.9%	7.0%	8.4%	67.5%	Compare
Beacon Financial	FY25	38.2%	16.3%	4.9%	6.2%	70.5%	Compare
First Commonwealth Financial	FY25	9.4%	29.1%	10.3%	14.0%	56.4%	Compare
CVB Financial	FY25	2.7%	40.6%	9.3%	14.1%	46.0%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	204	245	282	312	368	418	504	441	482	562
Revenue growth	16.1%	19.9%	15.2%	10.5%	18.1%	13.5%	20.6%	−12.5%	9.1%	16.8%
Net interest income	187	227	263	288	338	384	471	411	447	535
Noninterest income	17	17	19	24	30	34	33	30	35	27
Noninterest expense	80	84	92	102	112	133	158	178	181	185
Provision for credit losses	13	23	21	23	42	32	38	19	22	35
Net income	82	93	137	149	170	208	252	207	227	277
Diluted EPS (US$)	1.52	1.72	2.53	2.76	3.13	3.82	4.61	3.79	4.16	5.06
Diluted shares (millions)	54	54	54	54	54	54	54	54	55	55
Payouts
Dividends paid	8	10	20	24	28	32	38	46	65	73
Share buybacks	0	0	0	0	0	0	0	0	0	0
Balance sheet at fiscal year end
Loans, net	4,860	5,792	6,465	7,185	8,378	9,416	11,542	—	12,441	13,525
Deposits	5,420	6,092	6,916	7,530	9,976	12,453	11,547	13,274	13,544	14,219
Total assets	6,370	7,082	8,007	8,948	11,933	15,449	14,596	16,130	17,352	17,727
Shareholders' equity	522	607	715	842	992	1,152	1,297	1,440	1,616	1,850
Ratios
Return on equity	16.8%	16.5%	20.7%	19.2%	18.5%	19.4%	20.5%	15.1%	14.9%	16.0%
Return on tangible common equity	16.8%	16.5%	20.7%	19.2%	18.5%	19.4%	20.6%	15.3%	15.0%	16.1%
Return on assets	1.4%	1.4%	1.8%	1.8%	1.6%	1.5%	1.7%	1.4%	1.4%	1.6%
Efficiency ratio	39.1%	34.4%	32.6%	32.8%	30.3%	31.8%	31.3%	40.3%	37.6%	32.9%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: ServisFirst Bancshares' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with ServisFirst Bancshares.