ServisFirst Bancshares
SFBSNYSEUSD
- — Source valuation snapshot. Not a live recalculation.
- — Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- — Diluted earnings per share from the latest filed annual.
- $41.68 Prior regular-session close from the quote source.
- $40.94–$42.10 Regular-session low and high so far today.
- 332.3K Regular-session shares traded · Nov 10, 4:00 PM ET.
- Jan 19 projected Projected for 2027-01-19 from the company’s own results filings (SEC 8-K Item 2.02). The company has not confirmed the date.
- $33.60–$46.04 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own SFBS if ServisFirst is a profitable regional commercial bank whose value is created by relationship-driven commercial lending funded with stable core deposits; disciplined underwriting and steady balance-sheet growth convert that funding advantage into rising earnings and.
SFBS price history
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INVESTMENT THESIS
What must happen next
Growth in commercial relationship lending (not one-off trading or securities gains) is the engine converting deposit funding into rising revenue and earnings.StrengtheningMateriality: High
Revenue increased from $441,354,000 (FY2023) to $562,431,000 (FY2025), showing sustained top-line growth (data field: revenue). If growth is driven by repeatable relationship loans, revenue and earnings are durable; if it comes from volatile markets or short-term assets, earnings will be unstable.
Watch: A sustained drop in commercial loan demand or the loss of regional C&I/CRE relationships to larger banks or fintech lenders would remove the core lending engine.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Revenue increased from $441,354,000 (FY2023) to $562,431,000 (FY2025), showing sustained top-line growth (data field: revenue).
Open source ↗Keeping core deposit costs low relative to market alternatives preserves net interest margin and is the primary defender of earnings against rate/funding shocks.HoldingMateriality: High
Net income rose from $206,853,000 (FY2023) to $276,603,000 (FY2025), implying funding/margin conditions supported profitability over that period (data field: net_income). If deposit beta remains low, rising rates boost NII and net income; if deposit costs rise rapidly or deposits flee to large money-market alternatives, margins and net income will compress.
Watch: Rapid migration of deposits to large national banks or money-market funds raising funding costs (deposit beta spike) would shrink margins before earnings reflect it.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Net income rose from $206,853,000 (FY2023) to $276,603,000 (FY2025), implying funding/margin conditions supported profitability over that period (data field: net_income).
Open source ↗Disciplined underwriting and conservative credit posture (low charge-offs and provisions) are the primary protectors of earnings and cash flow if macro stress arrives.HoldingMateriality: Medium
Operating cash flow rose from $197,296,000 (FY2023) to $355,204,000 (FY2025), consistent with profitable core operations and limited large credit-charge disruption over that window (data field: operating_cash_flow). If underwriting quality holds, credit losses remain modest and net income is preserved; if underwriting weakens or CRE/industry stress concentrates, provisions will spike and earnings will fall sharply.
Watch: A marked rise in nonperforming loans or broad CRE valuation declines leading to higher provisions would pre-announce problems before net income collapses.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Operating cash flow rose from $197,296,000 (FY2023) to $355,204,000 (FY2025), consistent with profitable core operations and limited large credit-charge disruption.
Open source ↗EPS progression reflects the bank’s ability to grow earnings without destructive dilution; sustained EPS growth depends on earnings retention or accretive capital deployment rather than large equity issuance.StrengtheningMateriality: Medium
Diluted EPS rose from $3.79 (FY2023) to $5.06 (FY2025), indicating per-share earnings expansion over the period (data field: eps_diluted). If EPS continues to grow (from organic earnings), shareholders compound value; if management issues equity or suffers permanent earnings erosion EPS stalls or falls.
Watch: Large equity issuances or significant buyback reversals would change per-share math and could dilute EPS growth.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Diluted EPS rose from $3.79 (FY2023) to $5.06 (FY2025), indicating per-share earnings expansion over the period (data field: eps_diluted).
Open source ↗
Full investment case & evidence
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Original research
Growth in commercial relationship lending (not one-off trading or securities gains) is the engine converting deposit funding into rising revenue and earnings. If growth is driven by repeatable relationship loans, revenue and earnings are durable; if it comes from volatile markets or short-term assets, earnings will be unstable.
Keeping core deposit costs low relative to market alternatives preserves net interest margin and is the primary defender of earnings against rate/funding shocks. If deposit beta remains low, rising rates boost NII and net income; if deposit costs rise rapidly or deposits flee to large money-market alternatives, margins and net income will compress.
Disciplined underwriting and conservative credit posture (low charge-offs and provisions) are the primary protectors of earnings and cash flow if macro stress arrives. If underwriting quality holds, credit losses remain modest and net income is preserved; if underwriting weakens or CRE/industry stress concentrates, provisions will spike and earnings will fall sharply.
EPS progression reflects the bank’s ability to grow earnings without destructive dilution; sustained EPS growth depends on earnings retention or accretive capital deployment rather than large equity issuance. If EPS continues to grow (from organic earnings), shareholders compound value; if management issues equity or suffers permanent earnings erosion EPS stalls or falls.
All standing thesis claims
Original report summary
ServisFirst is a profitable regional commercial bank whose value is created by relationship-driven commercial lending funded with stable core deposits; disciplined underwriting and steady balance-sheet growth convert that funding advantage into rising earnings and.
BULL CASE / BEAR CASE
Bull case and bear case for ServisFirst Bancshares
Where the evidence on ServisFirst Bancshares stands: Holding on the latest evidence (Nov 11, 2026). Of its 4 thesis points, 2 strengthening and 2 holding.
Bull case: what the evidence supports
Growth in commercial relationship lending (not one-off trading or securities gains) is the engine converting deposit funding into rising revenue and earnings.
Keeping core deposit costs low relative to market alternatives preserves net interest margin and is the primary defender of earnings against rate/funding shocks.
Disciplined underwriting and conservative credit posture (low charge-offs and provisions) are the primary protectors of earnings and cash flow if macro stress arrives.
EPS progression reflects the bank’s ability to grow earnings without destructive dilution; sustained EPS growth depends on earnings retention or accretive capital deployment rather than large equity issuance.
Bear case: what would count against it
A sustained drop in commercial loan demand or the loss of regional C&I/CRE relationships to larger banks or fintech lenders would remove the core lending engine.
Rapid migration of deposits to large national banks or money-market funds raising funding costs (deposit beta spike) would shrink margins before earnings reflect it.
A marked rise in nonperforming loans or broad CRE valuation declines leading to higher provisions would pre-announce problems before net income collapses.
Thesis-Break Engine
Thesis-break watch · ServisFirst Bancshares
No break has crossed ServisFirst Bancshares’s thesis. Its break conditions are checked against every new filing as it lands.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MIXEDRegulation FD disclosure.
ServisFirst Bancshares filed an SEC 8-K on 2026-11-05: Regulation FD disclosure. It is a dated development that tests the current thesis.
- MIXEDReported results of operations (earnings release).
ServisFirst Bancshares filed an SEC 8-K on 2026-10-19: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MIXEDOther material event.
ServisFirst Bancshares filed an SEC 8-K on 2026-10-14: Other material event. It is a dated development that tests the current thesis.
RISKS / FALSIFIERS
What could break the thesis
- A sustained drop in commercial loan demand or the loss of regional C&I/CRE relationships to larger banks or fintech lenders would remove the core lending engine.
- Rapid migration of deposits to large national banks or money-market funds raising funding costs (deposit beta spike) would shrink margins before earnings reflect it.
- A marked rise in nonperforming loans or broad CRE valuation declines leading to higher provisions would pre-announce problems before net income collapses.
- Large equity issuances or significant buyback reversals would change per-share math and could dilute EPS growth.
SFBS news
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FINANCIAL STATEMENTS
SFBS income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
SFBS: quick answers
- When does ServisFirst Bancshares (SFBS) report earnings next?
- ServisFirst Bancshares's next results are projected for January 19, 2027, from the dates of its own results filings with the SEC. The company has not confirmed the date. It last reported on October 19, 2026. Earnings calendar
- What is SFBS's short interest?
- As of October 30, 2026, 3.4M SFBS shares were sold short, down 38.2% from the count before. At the stock's average daily volume that is 5.7 days to cover. FINRA publishes the count twice a month. SFBS short interest history
- Have members of Congress traded SFBS?
- Reports made public in the last 90 days disclose 1 trade in SFBS by 1 filer: 0 purchases and 1 sale. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed SFBS trade