Servisfirst bancshares, inc. (SFBS)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Interest and fees on loans

89,385

89,407

90,767

88,610

85,524

83,085

78,991

73,620

69,674

67,357

63,857

59,912

55,556

52,533

51,473

49,210

47,247

46,150

44,401

42,105

38,646

35,902

34,662

33,250

32,252

31,618

30,475

28,874

27,318

27,090

25,609

24,438

23,325

22,785

21,043

19,845

18,621

17,715

16,750

Taxable securities

5,154

4,702

4,367

4,193

3,746

3,506

3,276

3,127

2,745

2,468

2,288

2,274

2,087

1,604

1,232

1,238

1,269

1,058

1,041

1,104

1,128

1,143

1,131

1,126

1,097

1,052

980

908

948

986

1,189

1,302

1,337

1,361

1,374

1,444

1,542

1,575

1,670

Nontaxable securities

233

274

316

393

446

544

583

623

656

702

729

752

765

785

823

834

858

875

890

874

860

871

877

870

871

870

858

847

832

823

827

814

782

768

742

719

714

582

544

Federal funds sold

277

1,053

1,768

1,998

1,219

966

892

694

551

508

379

287

519

377

347

210

73

-6

32

24

77

41

38

38

42

51

44

17

16

51

50

42

53

51

54

35

36

23

16

Other interest and dividends

1,718

2,751

3,912

2,593

2,764

2,063

316

332

383

1,025

388

313

590

901

816

558

514

374

168

102

72

206

149

140

19

134

142

46

51

105

68

58

74

93

99

37

48

64

16

Total interest income

96,767

98,187

101,130

97,787

93,699

90,164

84,058

78,396

74,009

72,060

67,641

63,538

59,517

56,200

54,691

52,050

49,961

48,451

46,532

44,209

40,783

38,163

36,857

35,424

34,281

33,725

32,499

30,692

29,165

29,055

27,743

26,654

25,571

25,058

23,312

22,080

20,961

19,959

18,996

Deposits

16,745

19,786

24,787

24,240

22,145

18,957

15,210

11,714

9,621

8,954

7,574

6,321

5,982

5,817

5,358

4,633

4,361

4,294

3,818

3,512

3,270

3,256

3,123

3,027

3,014

3,202

3,131

2,784

2,713

3,020

3,079

3,028

3,122

3,267

3,382

3,264

3,134

3,113

2,829

Borrowed funds

2,382

2,624

3,338

3,462

2,776

2,349

1,985

2,160

1,952

1,698

1,671

1,650

1,483

1,274

1,415

1,526

1,421

996

852

486

476

447

415

419

418

408

403

427

551

604

616

721

711

703

711

768

851

859

859

Total interest expense

19,127

22,410

28,125

27,702

24,921

21,306

17,195

13,874

11,573

10,652

9,245

7,971

7,465

7,091

6,773

6,159

5,782

5,290

4,670

3,998

3,746

3,703

3,538

3,446

3,432

3,610

3,534

3,211

3,264

3,624

3,695

3,749

3,833

3,970

4,093

4,032

3,985

3,972

3,688

Net interest income

77,640

75,777

73,005

70,085

68,778

68,858

66,863

64,522

62,436

61,408

58,396

55,567

52,052

49,109

47,918

45,891

44,179

43,161

41,862

40,211

37,037

34,460

33,319

31,978

30,849

30,115

28,965

27,481

25,901

25,431

24,048

22,905

21,738

21,088

19,219

18,048

16,976

15,987

15,308

Provision for loan losses

13,584

5,884

6,985

4,884

4,885

6,518

6,624

4,121

4,139

9,055

4,803

4,381

4,986

4,075

3,464

3,800

2,059

3,308

3,072

4,062

2,405

2,759

2,748

2,438

2,314

2,356

3,034

3,334

4,284

2,449

1,185

3,083

2,383

2,507

2,740

1,494

2,231

2,537

2,537

Net interest income after provision for loan losses

64,056

69,893

66,020

65,201

63,893

62,340

60,239

60,401

58,297

52,353

53,593

51,186

47,066

45,034

44,454

42,091

42,120

39,853

38,790

36,149

34,632

31,701

30,571

29,540

28,535

27,759

25,931

24,147

21,617

22,982

22,863

19,822

19,355

18,581

16,479

16,554

14,745

13,450

12,771

Securities gains

-

-

34

-6

-

0

186

0

4

-

-

-

-

-

0

-3

-

0

0

0

29

0

3

0

0

0

0

8

123

0

0

0

0

0

0

523

143

-

15

Service charges on deposit accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,367

1,306

1,307

1,326

1,279

1,276

1,207

1,168

1,172

1,057

868

837

823

806

762

770

666

719

601

607

569

547

567

564

588

Mortgage banking

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,112

901

668

620

873

735

454

507

582

674

284

344

402

787

980

844

865

879

972

732

814

476

351

589

-

Credit card income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,114

572

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value life insurance

1,453

1,419

787

778

762

780

787

786

777

797

825

785

724

745

770

655

624

630

683

660

648

649

549

546

536

548

491

485

470

463

386

385

390

-

0

-

-

-

-

Other operating income

469

569

453

392

329

317

294

352

276

-47

371

385

390

1,008

428

416

836

-1,317

903

759

739

523

700

661

487

642

553

487

462

509

443

445

306

336

425

236

210

195

401

Total noninterest income

6,674

7,050

6,210

5,778

4,944

5,019

5,065

4,941

4,415

3,220

4,790

4,805

4,546

4,934

4,791

3,847

3,435

3,332

3,738

3,430

3,077

2,847

3,006

2,938

2,175

2,371

2,269

2,573

2,797

2,586

2,360

2,428

2,269

2,065

1,808

1,782

1,271

1,348

1,004

Salaries and employee benefits

15,658

13,680

15,499

14,339

14,265

12,385

13,070

13,098

13,296

11,432

12,428

12,031

11,713

11,197

10,958

10,733

11,067

8,884

10,595

10,426

9,008

6,332

7,890

9,098

7,697

6,541

7,048

7,056

5,679

6,477

5,697

5,248

5,165

5,555

4,723

5,026

4,214

3,547

3,147

Equipment and occupancy

2,400

2,339

2,387

2,287

2,259

2,163

2,193

2,113

1,954

1,556

1,947

2,265

2,250

1,877

2,100

2,023

1,985

1,519

1,575

1,634

1,661

1,335

1,437

1,409

1,366

1,350

1,272

1,469

1,111

1,130

988

961

935

954

923

934

886

814

774

Third party processing and other services

3,345

-

-

-

2,411

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional services

948

1,163

887

1,191

994

1,064

853

924

805

833

805

808

771

1,058

1,182

999

738

706

668

665

568

558

829

532

516

480

443

425

461

495

322

306

332

285

337

351

240

220

205

FDIC and other regulatory assessments

1,332

1,171

-296

1,081

1,019

902

675

1,159

1,133

1,030

810

1,081

997

1,072

775

803

750

733

681

626

620

516

533

528

517

536

405

426

432

440

409

356

390

418

403

225

750

626

-

Other real estate owned

601

103

78

212

22

25

289

160

316

160

31

56

76

91

178

41

449

324

400

289

214

528

220

298

487

475

357

204

390

895

1,159

536

137

316

115

135

254

483

-

Merger expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

0

2,096

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expense

3,636

9,572

6,606

6,912

4,358

6,162

5,544

6,038

5,554

4,559

5,476

5,634

5,460

5,637

4,969

4,905

4,301

6,689

4,329

4,498

4,584

3,611

4,406

3,552

3,140

2,916

2,542

2,792

2,679

3,466

2,696

2,488

2,072

3,132

2,331

2,698

2,253

1,777

3,435

Total noninterest expense

27,920

25,617

25,161

26,022

25,328

22,701

22,624

23,492

23,058

19,570

21,497

21,875

21,267

20,932

20,162

19,504

19,290

18,859

18,248

18,138

18,751

12,880

15,315

15,417

13,723

12,298

12,067

12,372

10,752

12,903

11,271

9,895

9,031

10,660

8,832

9,369

8,597

7,467

7,561

Income before income taxes

42,810

51,326

47,069

44,957

43,509

44,658

42,680

41,850

39,654

36,003

36,886

34,116

30,345

29,036

29,083

26,434

26,265

24,326

24,280

21,441

18,958

21,668

18,262

17,061

16,987

17,832

16,133

14,348

13,662

12,665

13,952

12,355

12,593

9,986

9,455

8,967

7,419

7,331

6,214

Provision for income taxes

8,032

10,289

9,506

9,324

8,499

8,421

8,120

8,310

7,051

14,853

11,627

9,952

7,826

7,298

8,174

7,558

6,309

4,576

8,014

6,972

5,903

6,636

4,260

5,476

5,229

5,964

5,321

4,662

4,411

4,109

4,650

4,024

4,337

3,399

3,320

3,122

2,548

2,532

2,193

Net income

34,778

41,037

37,563

35,633

35,010

36,237

34,560

33,540

32,603

21,150

25,259

24,164

22,519

21,738

20,909

18,876

19,956

19,750

16,266

14,469

13,055

15,032

14,002

11,585

11,758

-

10,812

-

9,251

8,556

9,302

8,331

8,256

6,587

6,135

5,845

4,871

4,799

4,021

Net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,686

9,251

-

-

-

-

-

-

-

-

-

-

Dividends on preferred stock

0

32

0

31

0

-

0

31

-

-

-

31

-

24

0

23

0

24

33

123

100

115

100

116

100

116

100

100

100

100

100

100

100

-

100

-

-

-

-

Net income available to common stockholders

34,778

41,005

37,563

35,602

35,010

36,205

34,560

33,509

32,603

21,119

25,259

24,133

22,519

21,714

20,909

18,853

19,956

19,726

16,233

14,346

12,955

14,917

13,902

11,469

11,658

11,752

10,712

9,586

9,151

8,456

9,202

8,231

8,156

6,487

6,035

5,845

4,871

4,799

-

Basic earnings per common share (in dollars per share)

0.65

0.77

0.70

0.67

0.65

0.68

0.65

0.63

0.61

0.39

0.48

0.46

0.43

0.41

0.40

0.36

0.38

-0.47

0.63

0.56

0.51

-0.49

0.56

0.49

0.53

-0.41

0.51

0.46

1.44

-2.39

1.53

1.38

1.37

1.10

1.03

1.02

0.88

0.87

0.73

Diluted earnings per common share (in dollars per share)

0.64

0.76

0.69

0.66

0.65

0.67

0.64

0.62

0.60

0.38

0.47

0.45

0.42

0.39

0.39

0.36

0.38

-0.44

0.61

0.54

0.49

-0.46

0.54

0.46

0.51

-0.34

0.49

0.44

1.31

-2.10

1.35

1.21

1.20

0.97

0.90

0.89

0.77

0.77

0.65

Deposit Account [Member]
Noninterest income

1,916

1,806

1,735

1,786

1,702

1,714

1,595

1,653

1,585

1,499

1,467

1,382

1,354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage Banking [Member]
Noninterest income

1,071

1,366

1,333

1,087

575

688

789

789

518

894

978

1,064

899

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Credit Card [Member]
Noninterest income

1,765

1,891

1,868

1,741

1,576

1,520

1,414

1,361

1,255

77

1,149

1,189

1,179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-