ServisFirst Bancshares, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data ServisFirst Bancshares, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	25.8	35.3	63.9	103	51	31.8	88.4	402
Pre-tax income	111	137	169	187	214	253	309	245	279	342
Income tax	29.3	44.3	31.9	37.6	44.6	45.6	57.3	37.7	51.7	65.5
Net income	81.5	93.1	137	149	170	208	252	207	227	277
EPS, basic	1.55	1.76	2.57	2.79	3.15	3.83	4.63	3.80	4.17	5.06
EPS, diluted	1.52	1.72	2.53	2.76	3.13	3.82	4.61	3.79	4.16	5.06
Shares, basic (weighted)	52.5	52.9	53.2	53.5	53.8	54.2	54.3	54.4	54.5	54.6
Shares, diluted (weighted)	53.6	54.1	54.2	54.1	54.2	54.4	54.5	54.5	54.6	54.7
Dividend per share	0.04	0.05	0.15	0.18	0.20	0.23	0.28	0.30	0.34	0.38

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	784	478	682	631
Property, plant and equipment	40.3	58.9	57.8	56.5	55	60.3	59.9	59.3	59.2	60.4
Lease right-of-use assets				12.3	10.5	17.9	18.8	26.5	26.1	22
Goodwill							13.6	13.6	13.6	13.6
Total assets	6,370	7,082	8,007	8,948	11,933	15,449	14,596	16,130	17,352	17,727
Total liabilities	5,848	6,475	7,292	8,105	10,940	14,297	13,298	14,689	15,735	15,877
Paid-in capital	216	218	219	220	224	226	230	233	236	238
Retained earnings	307	390	501	617	748	911	1,110	1,255	1,413	1,614
Other comprehensive income	-0.62	-0.2	-4.74	5.75	20.2	14.1	-42.3	-47.6	-32.2	-1.79
Shareholders' equity	523	607	715	842	992	1,152	1,297	1,440	1,616	1,850
Minority interests	0.38	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5	0.5
Total equity	523	608	715	843	993	1,152	1,298	1,440	1,617	1,850
Total liabilities and equity	6,370	7,082	8,007	8,948	11,933	15,449	14,596	16,130	17,352	17,727
Shares outstanding	52.6	53	53.4	53.6	53.9	54.2	54.3	54.5	54.6	54.6

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	81.5	93.1	137	149	170	208	252	207	227	277
Depreciation and amortization	2.7	2.6	3.4	3.7	3.8	4.1	4.1	4.4	4.8	4.7
Stock-based compensation	1.2	1.17	0.85	1.1	1.33	1.86	3.21	3.6	3.49	2.96
Deferred income tax	-1.73	14	-14.3	-1.08	-9.73	-5.06	-2.62	-1.01	-3.35	1.83
Cash from operations	98.5	118	168	164	191	266	273	197	253	355
Capital expenditures	-22.2	-21.2	-2.3
Acquisitions	0
Purchases of investments	-0.71	-0.01	0	-294	-335	-417	-76.4	-1,002	-1,142	-485
Sales and maturities of investments	65.3	84.6	91.8	117	221	177	116	746	904	443
Cash from investing	-862	-1,042	-754	-988	-1,411	-1,561	-2,642	-200	-949	-1,154
Debt issued						0	0	300	0	1
Debt repaid						0	0	-300	0	-1
Stock issued	0	1.91	2.34	2.12	3.49	3.53	1.23	1.29	0.92	0.61
Dividends paid	-7.86	-10	-20.2	-24.1	-28.2	-32.5	-37.5	-45.7	-65.4	-73.2
Cash from financing	1,195	617	790	773	2,801	3,305	-1,036	1,318	941	49.3
Net change in cash	432	-306	204	-51.3	1,581	2,011	-3,406	1,315	246	-750
Free cash flow	76.3	97.3	166
Interest paid	23.8	34.8	58.5	102	50.6	30.5	83.4	393	499	453
Income taxes paid	30.3	42.6	30.5	42.2	50.9	56.7	68.7	54	45	34,577

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $41.31 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	18.7%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	16.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.7%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	21.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	3.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	10.3%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	21.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	3.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	10.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	40.4%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	9.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	13.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	11.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	10.7%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	13.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	14.5%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	12.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	13.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	6.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	8.2%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.1%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	0.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	89.2%	Total liabilities / total assets.
Goodwill and intangibles / assets	0.1%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.96B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.86	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$8.64	Cash from operations / diluted weighted shares.
Book value per share	$36.18	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$35.93	Tangible book value / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$2.26B	Share price x shares outstanding.
Enterprise value	$2.26B	Market cap + total debt - cash - short-term investments.
P/E	7.04x	Market cap / net income. Only when net income is positive.
P/B	1.14x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.15x	Market cap / tangible book value, when positive.
P/OCF	4.78x	Market cap / cash from operations, when positive.
Earnings yield	14.2%	Net income / market cap (the inverse of P/E).
PEG	2.23x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was ServisFirst Bancshares, Inc. profitable in fiscal 2025?

Yes. Net income was $276.6M, a net margin of -.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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