ServisFirst reports Q2 adjusted EPS in line with expectations

Overview

• ServisFirst Q2 adjusted EPS rises 27% yr/yr, meeting analyst expectations, per LSEG

• Net interest margin in Q2 improves to 3.10% from 2.92% in Q1 2025

• Company maintains strong liquidity with $1.7 bln in cash and equivalents

Outlook

• Company expects higher net interest margins over next 24 months

• Company anticipates continued asset repricing to boost margins

Result Drivers

• LOAN GROWTH - Loans grew by $346 mln, or 11% annualized, attributed to improved banking environment

• NET INTEREST MARGIN - Net interest margin improved to 3.10%, driven by continued asset repricing, per CFO David Sparacio

• STRONG LIQUIDITY - Co maintains strong liquidity with $1.7 bln in cash and equivalents, representing 10% of total assets

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for ServisFirst Bancshares Inc is $82.00, about 1.2% below its July 18 closing price of $83.00

• The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBw1JRlmla