Servis First Bancshares, Inc. - Understand $sfbs stock

$SFBS Market Cap: $5.214 Billion

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Financial Snapshot

Revenue

$702.2M

TTM

Gross Margin

Net Earnings

$204.1M

TTM

Current Assets

Current Liabilities

$1.543B

Q3 2024

Current Ratio

Total Assets

$16.45B

Q3 2024

Total Liabilities

$14.88B

Q3 2024

Book Value

$1.570B

Q3 2024

Cash

$1.760B

Q3 2024

P/E

25.55

Nov 29, 2024 EST

Free Cash Flow

$270.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$813.2M	$559.3M	$416.3M	$389.0M	$390.8M	$326.6M	$262.8M	$212.9M	$180.0M	$144.7M	$126.1M	$109.0M	$91.41M
YoY Change	45.4%	34.35%	7.01%	-0.46%	19.65%	24.31%	23.42%	18.3%	24.36%	14.79%	15.65%	19.27%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue	$813.2M	$559.3M	$416.3M	$389.0M	$390.8M	$326.6M	$262.8M	$212.9M	$180.0M	$144.7M	$126.1M	$109.0M	$91.41M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$27.87M	$27.33M	$16.36M	$13.78M	$11.23M	$8.671M
YoY Change	1.97%	67.05%	18.75%	22.65%	29.56%
% of Gross Profit
Depreciation & Amortization	$4.436M	$4.100M	$4.118M	$3.832M	$3.682M	$3.378M	$2.568M	$2.724M	$2.219M	$1.838M	$1.841M	$1.200M	$1.200M	$1.100M	$1.100M	$900.0K	$600.0K
YoY Change	8.2%	-0.44%	7.46%	4.07%	9.0%	31.54%	-5.73%	22.76%	20.73%	-0.16%	53.42%	0.0%	9.09%	0.0%	22.22%	50.0%	50.0%
% of Gross Profit
Operating Expenses	$27.87M	$27.33M	$16.36M	$13.78M	$11.23M	$8.671M
YoY Change	1.97%	67.05%	18.75%	22.65%	29.56%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$402.3M	$88.42M	$31.80M	$50.99M	$103.2M	$63.95M	$35.33M	$25.81M	$17.70M	$14.12M	$13.62M	$14.90M	$16.08M
YoY Change	354.98%	178.04%	-37.62%	-50.58%	61.32%	80.99%	36.92%	45.76%	25.39%	3.67%	-8.6%	-7.33%
% of Operating Profit
Other Income/Expense, Net								$4.684M	$3.994M	$2.784M	$2.363M	$2.257M	$2.313M
YoY Change								17.28%	43.46%	17.82%	4.7%	-2.42%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$244.6M	$308.8M	$253.3M	$214.2M	$186.9M	$168.8M	$137.4M	$110.8M	$89.01M	$73.98M	$61.98M	$51.57M	$35.83M	$26.70M	$8.700M	$10.80M	$8.600M
YoY Change	-20.8%	21.9%	18.27%	14.63%	10.67%	22.93%	23.94%	24.51%	20.31%	19.37%	20.19%	43.93%	34.18%	206.9%	-19.44%	25.58%	36.51%
Income Tax	$37.74M	$57.32M	$45.62M	$44.64M	$37.62M	$31.90M	$44.26M	$29.34M	$25.47M	$21.60M	$20.36M	$17.12M	$12.39M	$9.400M	$2.800M	$3.800M	$3.200M
% Of Pretax Income	15.43%	18.56%	18.0%	20.84%	20.13%	18.89%	32.22%	26.47%	28.61%	29.2%	32.85%	33.2%	34.58%	35.21%	32.18%	35.19%	37.21%
Net Earnings	$206.8M	$251.4M	$207.7M	$169.6M	$149.2M	$136.9M	$93.09M	$81.48M	$63.54M	$52.38M	$41.62M	$34.45M	$23.44M	$17.40M	$5.900M	$7.000M	$5.500M
YoY Change	-17.76%	21.04%	22.51%	13.62%	8.98%	47.1%	14.25%	28.23%	21.31%	25.85%	20.82%	46.96%	34.7%	194.92%	-15.71%	27.27%	34.15%
Net Earnings / Revenue	25.43%	44.96%	49.9%	43.59%	38.19%	41.93%	35.43%	38.27%	35.3%	36.19%	33.01%	31.59%	25.64%
Basic Earnings Per Share	$3.80	$4.63	$3.83	$3.15	$2.79	$2.57	$1.76	$1.55	$1.23	$1.09	$2.00	$1.89	$4.03
Diluted Earnings Per Share	$3.79	$4.610M	$3.82	$3.13	$2.76	$2.53	$1.72	$1.52	$1.20	$1.05	$1.90	$1.66	$3.53	$460.3K	$170.0K	$218.8K	$194.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$59.32M	$59.85M	$78.00M	$65.00M	$70.00M	$58.00M	$59.00M	$40.00M	$19.00M	$8.000M	$8.000M	$9.000M	$5.000M	$4.000M	$5.000M	$4.000M	$4.000M
YoY Change	-0.88%	-23.27%	20.0%	-7.14%	20.69%	-1.69%	47.5%	110.53%	137.5%	0.0%	-11.11%	80.0%	25.0%	-20.0%	25.0%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$62.92M	$60.45M	$38.00M	$31.00M	$26.00M	$27.00M	$13.00M	$27.00M	$23.00M	$16.00M	$11.00M	$7.000M	$5.000M	$6.000M	$5.000M	$4.000M	$2.000M
YoY Change	4.09%	59.07%	22.58%	19.23%	-3.7%	107.69%	-51.85%	17.39%	43.75%	45.45%	57.14%	40.0%	-16.67%	20.0%	25.0%	100.0%
Total Long-Term Assets
YoY Change
Total Assets	$16.13B	$14.60B	$15.45B	$11.93B	$8.948B	$8.007B	$7.082B	$6.370B	$5.096B	$4.099B	$3.521B	$2.906B	$2.461B	$1.935B	$1.573B	$1.162B	$838.0M
YoY Change
Accounts Payable	$27.55M	$18.62M	$14.00M	$12.00M	$12.00M	$10.00M	$5.000M	$4.000M	$2.000M	$2.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M
YoY Change	47.97%	32.96%	16.67%	0.0%	20.0%	100.0%	25.0%	100.0%	0.0%	100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Accrued Expenses	$27.44M	$19.61M	$19.00M	$11.00M	$13.00M
YoY Change	39.87%	3.23%	72.73%	-15.38%
Deferred Revenue
YoY Change
Short-Term Debt	$1.257B	$1.619B	$1.712B	$852.0M	$471.0M	$289.0M	$302.0M	$356.0M	$352.0M	$264.0M	$174.0M	$132.0M	$110.0M	$30.00M	$15.00M	$15.00M	$0.00
YoY Change	-22.37%	-5.44%	100.94%	80.89%	62.98%	-4.3%	-15.17%	1.14%	33.33%	51.72%	31.82%	20.0%	266.67%	100.0%	0.0%
Long-Term Debt Due	$0.00
YoY Change
Total Short-Term Liabilities	$1.257B	$38.23M	$33.00M	$23.00M	$25.00M	$10.00M	$5.000M	$4.000M	$2.000M	$2.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M	$1.000M
YoY Change	3187.36%	15.85%	43.48%	-8.0%	150.0%	100.0%	25.0%	100.0%	0.0%	100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Long-Term Debt	$64.74M	$64.73M	$65.00M	$65.00M	$65.00M	$65.00M	$65.00M	$55.00M	$56.00M	$20.00M	$20.00M	$20.00M	$5.000M	$25.00M	$25.00M	$20.00M	$0.00
YoY Change	0.01%	-0.42%	0.0%	0.0%	0.0%	0.0%	18.18%	-1.79%	180.0%	0.0%	0.0%	300.0%	-80.0%	0.0%	25.0%
Other Long-Term Liabilities	$94.29M	$67.53M	$35.00M	$25.00M	$14.00M	$13.00M	$12.00M	$12.00M	$12.00M	$7.000M	$9.000M	$9.000M	$5.000M	$3.000M	$2.000M	$2.000M	$2.000M
YoY Change	39.64%	92.94%	40.0%	78.57%	7.69%	8.33%	0.0%	0.0%	71.43%	-22.22%	0.0%	80.0%	66.67%	50.0%	0.0%	0.0%
Total Long-Term Liabilities	$159.0M	$132.3M	$100.0M	$90.00M	$79.00M	$78.00M	$77.00M	$67.00M	$68.00M	$27.00M	$29.00M	$29.00M	$10.00M	$28.00M	$27.00M	$22.00M	$2.000M
YoY Change	20.24%	32.25%	11.11%	13.92%	1.28%	1.3%	14.93%	-1.47%	151.85%	-6.9%	0.0%	190.0%	-64.29%	3.7%	22.73%	1000.0%
Total Liabilities	$14.69B	$13.30B	$14.30B	$10.94B	$8.105B	$7.293B	$6.475B	$5.848B	$4.647B	$3.692B	$3.224B	$2.673B	$2.264B	$1.818B	$1.476B	$1.075B	$766.0M
YoY Change	10.46%	-6.98%	30.69%	34.98%	11.13%	12.63%	10.72%	25.84%	25.87%	14.52%	20.61%	18.07%	24.53%	23.17%	37.3%	40.34%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	54.41M	54.30M	54.16M	53.84M	53.53M	53.17M	52.89M	52.45M	51.43M	47.71M shares	20.61M shares	17.99M shares	5.760M shares
Diluted Shares Outstanding	54.54M	54.53M	54.43M	54.22M	54.10M	54.17M	54.12M	53.61M	52.89M	1.926M shares	1.199M shares	2.836M shares	989.6K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.2136 Billion

About ServisFirst Bancshares, Inc.

ServisFirst Bancshares, Inc. is a bank holding company, which engages in the provision of consumer and commercial banking services. The company is headquartered in Birmingham, Alabama and currently employs 591 full-time employees. The company went IPO on 2014-05-14. Through its subsidiary ServisFirst Bank (the Bank), provides business and personal financial services from locations in Alabama, Florida, Georgia, North and South Carolina, Tennessee, and Virginia. The Bank’s principal business is to accept deposits from the public and to make loans and other investments. The firm also operates loan production offices in Florida. Through the bank, the Company originate commercial, consumer and other loans and accept deposits, provide electronic banking services, such as online and mobile banking, including remote deposit capture, deliver treasury and cash management services and provide correspondent banking services to other financial institutions. The Banks offers a range of loans to retail customers in the communities. Bank's consumer loans include home equity loans (open and closed-end), vehicle financing, loans secured by deposits, and secured and unsecured personal loans.

Industry: State Commercial Banks Peers: Cadence Bank Bank OZK FIRST INTERSTATE BANCSYSTEM INC FNB CORP/PA/ HANCOCK WHITNEY CORP HOME BANCSHARES INC OLD NATIONAL BANCORP /IN/ PNC FINANCIAL SERVICES GROUP, INC. UMB FINANCIAL CORP UMPQUA HOLDINGS CORP