ServisFirst Bancshares (SFBS) Investor presentation summary

Growth and performance highlights

• Achieved 23% organic asset CAGR since 2005, reaching $18.3B in total assets and $2.0B in stockholders' equity as of June 30, 2026.

• Diluted EPS CAGR of 16% and net income CAGR of 16% over the past decade.

• Tangible book value per share has grown at a 16% CAGR over 20 years, with annual increases of at least 10%.

• Stock price has increased over 5,200% since 2005, with a 21% CAGR.

• Dividend has increased every year since the 2014 IPO.

Business model and strategy

• Focuses on core banking with loans and deposits as primary drivers, not ancillary services.

• Operates a limited branch footprint with technology-driven efficiency and a scalable, decentralized model.

• Emphasizes C&I and owner-occupied CRE lending, targeting privately held businesses and affluent consumers.

• Regional CEOs drive revenue and relationships, supported by centralized risk management.

• Opportunistic expansion in attractive southern metropolitan markets, leveraging teams of top bankers.

Financial and operational efficiency

• Maintains a low efficiency ratio, 29.65% as of Q2 2026, and high ROAA of 1.91%.

• Net interest margin at 3.58% and adjusted return on average equity at 17.81% as of June 2026.

• Operating structure enables efficient, profitable growth with a branch-light model and high deposits per center.

• 54% of loans are variable rate, and 21% of deposits are non-interest bearing.