Servisfirst bancshares, inc. (SFBS)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and fees on loans

354,308

305,370

246,682

200,463

171,302

136,066

118,285

100,462

82,294

69,115

55,890

Taxable securities

17,008

12,654

9,117

5,343

4,331

4,497

3,888

4,814

5,721

6,482

4,516

Nontaxable securities

1,429

2,406

2,948

3,300

3,499

3,489

3,407

3,246

2,943

2,274

1,500

Federal funds sold

6,038

3,103

1,693

1,007

127

159

128

196

176

104

257

Other interest and dividends

12,020

3,094

2,316

2,789

716

514

373

305

277

171

34

Total interest income

390,803

326,627

262,756

212,902

179,975

144,725

126,081

109,023

91,411

78,146

62,197

Deposits

90,958

55,502

28,831

20,169

14,894

12,420

11,830

12,249

13,047

11,941

16,087

Borrowed funds

12,200

8,446

6,502

5,636

2,810

1,699

1,789

2,652

3,033

3,319

2,250

Total interest expense

103,158

63,948

35,333

25,805

17,704

14,119

13,619

14,901

16,080

15,260

18,337

Net interest income

287,645

262,679

227,423

187,097

162,271

130,606

112,462

94,122

75,331

62,886

43,860

Provision for loan losses

22,638

21,402

23,225

13,398

12,847

10,259

13,008

9,100

8,972

10,350

10,685

Net interest income after provision for loan losses

265,007

241,277

204,198

173,699

149,424

120,347

99,454

85,022

66,359

52,536

33,175

Securities gains

27

190

0

-3

29

3

131

0

666

108

193

Service charges on deposit accounts

-

-

-

-

5,088

4,265

3,228

2,756

2,290

2,316

1,631

Mortgage banking

-

-

-

-

2,682

2,047

2,513

3,560

2,373

2,174

2,222

Credit card income

-

-

-

-

2,073

-

-

-

-

-

-

Increase in cash surrender value life insurance

3,746

3,130

3,131

2,794

2,621

2,280

1,994

1,624

390

0

-

Other operating income

1,743

1,239

1,099

2,688

1,084

2,371

2,144

1,703

1,207

571

367

Total noninterest income

23,982

19,440

17,361

17,007

13,577

10,966

10,010

9,643

6,926

5,169

4,413

Salaries and employee benefits

57,783

51,849

47,604

43,955

38,913

31,017

26,324

22,587

19,518

14,669

13,581

Equipment and occupancy

9,272

8,423

8,018

7,985

6,389

5,547

5,202

4,014

3,697

3,184

2,749

Professional services

4,235

3,646

3,217

3,977

2,607

2,435

1,809

1,455

1,213

925

848

FDIC and other regulatory assessments

2,975

3,869

3,918

3,400

2,660

2,094

1,799

1,595

1,796

2,944

2,815

Other real estate owned

415

790

323

759

1,227

1,533

1,426

2,727

820

1,964

2,745

Merger expense

-

-

-

-

2,100

0

0

-

-

-

-

Other operating expense

27,448

23,298

21,129

19,812

20,100

14,709

10,929

10,722

10,414

7,283

6,192

Total noninterest expense

102,128

91,875

84,209

79,888

73,996

57,335

47,489

43,100

37,458

30,969

28,930

Income before income taxes

186,861

168,842

137,350

110,818

89,005

73,978

61,975

51,565

35,827

26,736

8,658

Provision for income taxes

37,618

31,902

44,258

29,339

25,465

21,601

20,358

17,120

12,389

-9,358

2,780

Net income

149,243

136,940

93,092

81,479

63,540

52,377

41,617

34,445

23,438

17,378

5,878

Dividends on preferred stock

63

63

62

47

280

431

416

400

200

0

-

Net income available to common stockholders

149,180

136,877

93,030

81,432

63,260

51,946

41,201

34,045

23,238

17,378

5,878

Basic earnings per common share (in dollars per share)

2.79

2.57

1.76

1.55

1.23

1.09

2.00

1.89

4.03

3.15

1.07

Diluted earnings per common share (in dollars per share)

2.76

2.53

1.72

1.52

1.20

1.05

1.90

1.66

3.53

2.84

1.02

Deposit Account [Member]
Noninterest income

7,029

6,547

5,702

5,355

-

-

-

-

-

-

-

Mortgage Banking [Member]
Noninterest income

4,361

2,784

3,835

3,725

-

-

-

-

-

-

-

Credit Card [Member]
Noninterest income

7,076

5,550

3,594

2,448

-

-

-

-

-

-

-