ServisFirst Bancshares (SFBS) Q3 2026 earnings summary

Executive summary

• Q3 net income was $87.3M and diluted EPS was $0.80; adjusted EPS grew 23% YoY, excluding the prior-year securities loss.

• Net interest income rose 19.8% YoY to $159.8M, NIM reached 3.63%, and ending loans grew 10.7% YoY to $14.74B.

Financial highlights

• Q3 PPNR was $120.7M, up 1.8% QoQ and 26% YoY on an adjusted basis; noninterest income was $13.1M and noninterest expense was $52.2M.

• Q3 provision for credit losses was $15.2M, up from $9.5M a year earlier; 9M provision was $37.3M.

• 9M net income was $256.1M, net income available to common stockholders was $256.0M, and diluted EPS was $2.34.

• September 30 assets were $18.32B, loans $14.74B, deposits $14.09B, and total equity $2.04B.

Outlook and guidance

• Management expects NIM expansion to continue into 2027, with quarterly gains of 5–7 bps and a slower pace than earlier in 2026.

• About $1.5B of low fixed-rate loans yielding 5.08% reprices within 12 months; Q3 renewals and new loans averaged 6.59%.

• The less-than-90-day loan pipeline rose 58% QoQ; management expects strong year-end closings and typical Q4 deposit growth.

• Normalized quarterly expenses are expected at $50–$51M; Houston startup losses are expected to decline, with break-even targeted in Q1 or Q2 2027.