ServisFirst Bancshares Inc

ServisFirst Bancshares reported second-quarter 2026 net income of US$85.79 million, up from US$1.12 diluted earnings per share a year earlier to US$1.57. Net interest income reached US$155.64 million, supported by a net interest margin of 3.63% and annualized loan growth exceeding 15%. The bank's efficiency ratio remained under 30%, while nonperforming assets declined, reinforcing stronger core banking performance. Management highlighted a focus on deposit growth in the second half, keeping funding costs as a key watchpoint.

ServisFirst Bancshares projects quarterly net interest margin expansion will slow to a range of 4 to 6 basis points toward the end of the year, down from the 7 to 9 basis point range seen recently, as the gap between new loan yields and the total portfolio narrows. CFO David Sparacio said the company still has over $2 billion in repricing opportunities from scheduled maturities, cash flows, covenant violations, and loan modifications. In the second quarter of 2026, net interest margin expanded to 3.63%, up 10 basis points from the prior quarter and 53 basis points year-over-year, though 5 basis points of that improvement came from a one-time $1.9 million interest recovery. CEO Thomas Broughton noted annualized loan growth exceeded 15%, driven by granular demand across Florida, Tennessee, and Texas, while the loan pipeline reached a record level. The company reported net income of $85.8 million, or $1.57 per diluted share, and an efficiency ratio of 29.65%, its third consecutive quarter below 30%.

ServisFirst Bancshares has declared a two-for-one common stock split in the form of a stock dividend. The stock dividend will be payable August 20, 2026 to stockholders of record as of August 5, 2026, with holders receiving one additional share for every share held on the record date. As a result, total shares outstanding will increase from approximately 54.7 million to approximately 109.3 million. The additional shares are expected to be distributed on or about August 20, 2026 by transfer agent Computershare and begin trading on a post-split basis on or about August 21, 2026.

ServisFirst Bank has joined the American Bankers Association's Premier Partner Network, reinforcing its longstanding commitment to the banking industry. The bank, a subsidiary of ServisFirst Bancshares, will gain opportunities to participate in industry events, educational programming, research initiatives, and thought leadership efforts that support bankers nationwide. Chairman, CEO, and President Tom Broughton stated that ServisFirst Bank is proud to further strengthen its relationship with the ABA through this program. The ABA Premier Partner Network includes a limited number of organizations that demonstrate significant commitment to the banking industry and align with the ABA's mission. ServisFirst Bank, founded in 2005, has grown into one of the nation's top-performing commercial banks with assets exceeding $18 billion and a Correspondent Division serving more than 390 community banks across 35 states.

ServisFirst Bancshares shares have climbed to $87.80, a 19.1% increase over the past six months, beating the S&P 500 by 11.1 percentage points. The bank’s annualized revenue growth accelerated to 17.5% over the last two years, above its five-year trend. Its net interest margin expanded by 53.2 basis points over the same period, averaging 3.1%. Tangible book value per share grew at a 13.8% annual clip over the past two years, reaching $34.73. The stock currently trades at 2.2 times forward price-to-book.

StockStory published an analysis identifying two bank stocks with bullish outlooks and one facing challenges. The firm recommends buying ServisFirst Bancshares, citing 17.5% annual revenue growth over two years and a 53.2 basis point net interest margin expansion, and Nicolet Bankshares, which posted 21.9% annual net interest income growth over five years and a 65 basis point margin increase. It advises selling Triumph Financial, pointing to a 116.2 basis point net interest margin decline over two years and a 22.7% annual earnings per share drop over five years. Consensus price targets imply a 12.2% return for ServisFirst, 6.8% for Nicolet, and a 9.2% decline for Triumph.