AI Earnings Predictions for ServisFirst Bancshares Inc. (SFBS)

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

ServisFirst Bancshares, Inc. Announces Results for Third Quarter of 2026

BIRMINGHAM, Ala., Oct. 19, 2026 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc. (NYSE: SFBS) today announced earnings and operating results for the quarter ended September 30, 2026.

Third Quarter 2026 Highlights and Financial Summary:

Diluted earnings per share of $0.80 for the quarter, up 33% from the third quarter of 2025, and up 23% from adjusted diluted earnings per share in the third quarter of 2025*. Loans grew by $1.43 billion, or 11%, year-over-year. Net interest margin of 3.63%, unchanged from the second quarter of 2026; excluding a loan recovery in the previous quarter, NIM was 5 basis points higher, and up 54 basis points compared to the third quarter of 2025. Noninterest-bearing deposits increased 12% year-over-year. Completed our two-for-one stock split during the quarter**. Subsequent to quarter-end, the Company announced its inaugural stock repurchase program, authorizing the repurchase of up to two million shares of common stock through December 31, 2027. Book value per share of $18.63, up 14% year-over-year. Efficiency ratio of 30.20%, improved from 35.22% in the third quarter of 2025. Year-to-date return on average common stockholders’ equity increased from 15.01% in 2025 to 17.62% in 2026, and year-to-date adjusted return on average common stockholders’ equity* increased from 15.85% to 17.61%. Consolidated common equity tier 1 capital to risk-weighted assets increased from 11.49% in the third quarter of 2025 to 11.98% in the third quarter of 2026. Tom Broughton, Chairman, President, and CEO, said, “We see solid economic trends, and loan activity is improving with continued growth in our loan pipeline.”

David Sparacio, CFO, said, “We continue to grow our top line revenue through asset and margin growth, while maintaining a best-in-class efficiency ratio, resulting in top quartile returns.”

FINANCIAL SUMMARY (UNAUDITED)

(in Thousands except per share data) Period Ended September 30, 2026 Period Ended June 30, 2026 % Change From Period Ended June 30, 2026 to Period Ended September 30, 2026 Period Ended September 30, 2025 % Change From Period Ended September 30, 2025 to Period Ended September 30, 2026

QUARTERLY OPERATING RESULTS

Net Income $87,308  $85,793  1.8 % $65,571  33.2 %

Net Income Available to Common Stockholders $87,308  $85,762  1.8 % $65,571  33.2 %

Diluted Earnings Per Share $0.80  $0.78  2.6 % $0.60  33.3 %

Return on Average Assets  1.89%  1.91%     1.47%

Return on Average Common Stockholders' Equity  17.26%  17.71%     14.88%

Average Diluted Shares Outstanding  109,390   109,406      109,336

Adjusted Net Income, net of tax* $87,197  $85,793  1.6 % $71,422  22.1 %

Adjusted Net Income Available to Common

Stockholders, net of tax* $87,197  $85,762  1.7 % $71,422  22.1 %

Adjusted Diluted Earnings Per Share, net of tax* $0.80  $0.78  2.6 % $0.65  23.1 %

Adjusted Return on Average Assets, net of tax*  1.89%  1.91%     1.60%

Adjusted Return on Average Common

Stockholders' Equity, net of tax*  17.24%  17.71%     16.21%

YEAR-TO-DATE OPERATING RESULTS

Net Income $256,072         $190,219  34.6 %

Net Income Available to Common Stockholders $256,041         $190,188  34.6 %

Diluted Earnings Per Share $2.34         $1.74  34.5 %

Return on Average Assets  1.90%         1.44%

Return on Average Common Stockholders' Equity  17.62%         15.01%

Average Diluted Shares Outstanding  109,395          109

Adjusted Net Income, net of tax* $255,961         $200,779  27.5 %

Adjusted Net Income Available to Common

Stockholders, net of tax* $255,930         $200,748  27.5 %

Adjusted Diluted Earnings Per Share, net of tax* $2.34         $1.84  27.3 %

Adjusted Return on Average Assets, net of tax*  1.90%         1.52%

Adjusted Return on Average Common

Stockholders' Equity, net of tax*  17.61%         15.85%

BALANCE SHEET

Total Assets $18,319,690  $18,345,498  (0.1)% $17,584,199  4.2 %

Loans  14,737,303   14,478,489  1.8 %  13,311,967  10.7 %

Noninterest-bearing Demand Deposits  2,910,281   2,995,402  (2.8)%  2,598,895  12.0 %

Total Deposits  14,087,378   14,548,730  (3.2)%  14,106,922  (0.1)%

Stockholders' Equity  2,037,346   1,978,418  3.0 %  1,781,647  14.4 %

* This press release includes certain non-GAAP financial measures: adjusted net income, adjusted net income available to common stockholders, adjusted diluted earnings per share, adjusted return on average assets, adjusted return on average common stockholders’ equity, adjusted efficiency ratio, tangible common stockholders' equity, total tangible assets, tangible book value per share, tangible common equity to total tangible assets, adjusted net interest income, adjusted noninterest income, and adjusted noninterest expense. Please see “GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures.”

**All share and per-share amounts presented reflect the C

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