At a glance
ServisFirst Bancshares Inc is worth $2.18B, about 8 times its fiscal 2025 earnings. Revenue grew 16.8% to $562.4M in fiscal 2025, with 49.2% kept as profit; over 5 years it has grown 8.8% a year. It pays a 1.91% dividend yield, raised every year for at least 9 years, and returned $254.3M to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +14.2% over the past year with dividends reinvested and +1.5% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 38.0% in the 2020 crash (S&P 500: 33.7%) and 21.1% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 8 months and 29 months after the lows.
The business in plain English
ServisFirst Bancshares, based in Birmingham, Alabama, owns a single bank with about $17.73 billion in assets as of December 31, 2025. The bank had 33 full-service offices in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia, plus a lending-only office in Florida. It focuses on small and medium-sized businesses, typically with annual sales of $2 million to $250 million. It also offers online banking, cash management and services for other banks.
Like most banks, it earns mainly net interest income: the interest it collects on loans and investments minus the interest it pays on deposits and borrowings. In fiscal 2025 that came to $535 million, against $27 million of noninterest income such as service charges. Profit (net income) was $277 million. The company reports one business segment and gives no revenue split by product or region.
Real estate dominates lending. As of December 31, 2025, 65.8% of loans were secured by property. Loans on investor-owned commercial property totaled about $4.60 billion, or 33.6% of loans. Loans on buildings occupied by the borrower's own business were about $2.74 billion, or 20.0%. The bank keeps few branches, each handling large loan and deposit balances, and lets regional chief executives approve loans locally. Its largest competitors are Regions, Wells Fargo, PNC, Truist and Pinnacle Financial Partners.
Price history
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SFBS +14.2% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q2 FY2026 (ended Jun 30, 2026), revenue was $168.5M, up 27.6% from a year earlier, and net income was $85.8M (+39.7%).
- For fiscal 2025, revenue was $562.4M (+16.8% year over year; +8.8% a year from FY2020 to FY2025) with a 49.2% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +8.8% good |
|---|---|
| Return on equity | 15% good |
| Net income / revenue | 49.2% good |
| Deposits | $14.55B |
| Loans | $14.30B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $368.2M | $169.6M | — |
| FY2021 | $418.0M | $207.7M | — |
| FY2022 | $504.3M | $251.5M | — |
| FY2023 | $441.4M | $206.9M | — |
| FY2024 | $481.7M | $227.2M | — |
| FY2025 | $562.4M | $276.6M | — |
Valuation snapshot
| Market value | $2.18B |
|---|---|
| P/E ratio | 7.9 |
| Dividend yield | 1.91% |
Rank among 1514 US companies
Market value at each year end
ServisFirst Bancshares’s market value went from $984.9M at the end of 2016 to $2.18B on Oct 28, 2026, about 2.2 times as much; since the end of 2025 it is up 11%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $2.18B | +11.1% |
| 2025 | $1.96B | -15.2% |
| 2024 | $2.31B | +27.5% |
| 2023 | $1.81B | -3.1% |
| 2022 | $1.87B | -18.6% |
| 2021 | $2.30B | +111.7% |
| 2020 | $1.09B | +7.6% |
| 2019 | $1.01B | +18.9% |
| 2018 | $849.2M | -22.8% |
| 2017 | $1.10B | +11.6% |
| 2016 | $984.9M |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SFBS price data to Oct 28, 2026 | +13.2% | +14.2% | +21.6% | +1.5% | +13.2% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +13.2% |
| 2025 | -13.8% |
| 2024 | +28.9% |
| 2023 | -1.2% |
| 2022 | -17.8% |
| 2021 | +112.9% |
| 2020 | +9.2% |
| 2019 | +20.4% |
| 2018 | -22.2% |
| 2017 | +11.4% |
| 2016 | +58.7% |
| 2015 | +45.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 36.4% over that stretch · deepest drop along the way 38%, back to its old high 7.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 3% over that stretch · deepest drop along the way 21.1%, back to its old high 28.7 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (16 read): 0 open-market purchases and 9 sales ($5.5M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Mar 24, 2026 | J. Richard Cashio Director | sell | $3.1M |
| Jul 31, 2026 | J. Richard Cashio Director | sell | $1.0M |
| Dec 11, 2024 | Christopher J Mettler Director | sell | $385K |
| Nov 21, 2024 | Christopher J Mettler Director | sell | $316K |
| Dec 18, 2024 | Christopher J Mettler Director | sell | $233K |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 13.4% | Jun 30, 2025 |
| Vanguard Portfolio Management | 6.25% | Mar 31, 2026 |
| Vanguard Capital Management | 5% | Sep 30, 2026 |
ETFs with the most weight in SFBS
| PFI Invesco Dorsey Wright Financial Momentum ETF | 1.59% |
| PSCF Invesco S&P SmallCap Financials ETF | 1.14% |
| KBE SPDR S&P Bank ETF | 1.02% |
| VIOG Vanguard S&P Small-Cap 600 Growth ETF | 0.68% |
| FNY First Trust Mid Cap Growth AlphaDEX Fund | 0.55% |
| RZG Invesco S&P SmallCap 600® Pure Growth ETF | 0.49% |
| JSML Janus Henderson Small Cap Growth Alpha ETF | 0.46% |
| XJR iShares ESG Select Screened S&P Small-Cap ETF | 0.35% |
What could go wrong
- Heavy reliance on real estate lending. As of December 31, 2025, 65.8% of loans were secured by real estate, and investor-owned commercial property alone made up 33.6%. Falling property values could mean bigger loan losses.
- Large exposure to a few big borrowers. Its 10 largest borrowing relationships had $823.9 million in commitments, about 6.0% of the loan portfolio, as of December 31, 2025. Trouble at one or more could cause large losses.
- Lending decisions rest with regional leaders. Regional chief executives and their teams make many lending decisions locally. Poor judgment in one region could lead to bad loans, and losing key leaders could disrupt customer relationships.
- Rules could limit commercial property lending. Regulators give extra scrutiny to banks with heavy commercial real estate lending. Rules in this area could limit how much the bank lends against its capital, slowing growth and hurting profits.
- Bigger rivals with deeper pockets. Regions, Wells Fargo, PNC, Truist and Pinnacle Financial Partners may have more money for technology and advertising, and can make larger loans. Falling behind on digital banking could cost customers.
- Interest rate swings can squeeze profits. Most revenue comes from the gap between loan and deposit rates. If deposit costs rise faster than loan yields, that gap shrinks. Rate moves also change the value of its investment securities.
Recent events
- Quarterly results released; Investor presentation or announcement
- Other company announcement
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- Investor presentation or announcement
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- Quarterly results released; Investor presentation or announcement
- Other company announcement
- Investor presentation or announcement
- Shareholder vote results
- Quarterly results released; Investor presentation or announcement
For income and retirement investors
ServisFirst has raised its dividend for at least nine straight years, through fiscal 2025. The regular per-share dividend grew about 13.7% a year from fiscal 2020 to 2025. Dividends paid came to $73 million in fiscal 2025, about 26.5% of net income, a modest share. The company repurchased no shares from fiscal 2021 to 2025, and its share count edged up 0.9% between October 2021 and August 2026. The dividend yield (yearly dividends divided by share price) was 1.91% as of October 28, 2026. Bank capital rules can restrict dividends.
In the 2020 COVID crash the shares fell 38% and took about eight months to regain their peak, on November 10, 2020. In the 2022 market slump they fell 21.1% and needed about 29 months to recover, until November 6, 2024. The deepest drop in 12.5 years of price history was 57.1%. A single stock carries more risk than a diversified fund.
Questions investors ask
How does ServisFirst Bancshares make money?
Mostly by lending. ServisFirst takes deposits and lends the money, mainly to small and medium-sized businesses and commercial property owners in Alabama, Florida, Georgia, the Carolinas, Tennessee and Virginia. The interest it earns minus the interest it pays, called net interest income, was $535 million in fiscal 2025, out of $562 million in total revenue. The remaining $27 million was noninterest income, such as service charges. It also offers cash management, online banking and services for other banks.
Does ServisFirst Bancshares raise its dividend every year?
Yes, so far. ServisFirst has raised its dividend for at least nine straight years through fiscal 2025, and the streak may be longer. The regular per-share dividend grew about 13.7% a year from fiscal 2020 to 2025. Dividends paid in fiscal 2025 were $73 million, about 26.5% of net income. The dividend yield was 1.91% as of October 28, 2026. Capital rules for banks can restrict payouts, so future raises are not guaranteed.
How much does ServisFirst rely on commercial real estate loans?
A lot. As of December 31, 2025, 65.8% of its loans were secured by real estate. Loans on investor-owned commercial property totaled about $4.60 billion, or 33.6% of the portfolio. Loans on buildings used by the borrower's own business were about $2.74 billion, or 20.0%. To manage the risk, the bank runs a yearly stress test, a what-if check for hard times, on all commercial loans. It also has an outside firm review 35% to 40% of commercial loan commitments each year.
Is ServisFirst Bancshares profitable?
Yes. In fiscal 2025 ServisFirst earned $277 million on revenue of $562 million, up 21.7% from the year before. Its return on equity, which measures profit against shareholders' money in the business, was 15%. Its return on assets was 1.6%. In the quarter ended June 30, 2026, net income was $86 million, 39.7% higher than a year earlier. Profits have not risen every year, though: net income fell from $252 million in fiscal 2022 to $207 million in 2023.
How has SFBS stock performed?
It depends on the period. As of October 28, 2026, the share price was up 14.2% over one year and about 13.2% a year over 10 years, or 247% in total. Over five years it gained only about 1.5% a year, 8% in all. Calendar years swing widely: the price rose about 113% in 2021, then fell 17.8% in 2022 and 13.9% in 2025. These figures track the share price only and leave out dividends.