ServisFirst Bancshares Q1 EPS rises 31%, efficiency ratio improves

ServisFirst Bancshares

20/04/2026 21:22

Overview

U.S. regional bank's Q1 diluted EPS rose 31% yr/yr, net income up 31%

Net interest income increased 20% yr/yr, efficiency ratio improved to under 30%

Company cites margin expansion despite robust hiring in the new Houston market late last year

Outlook

Company sees outlook for loan and deposit growth as very positive for the remainder of 2026

Result Drivers

MARGIN EXPANSION - Net interest margin rose 61 basis points yr/yr to 3.53%, boosting net interest income

LOAN AND DEPOSIT GROWTH - Loans grew $249 mln and deposits rose $268 mln during the qtr

NON-INTEREST INCOME GAINS - Higher service charges, mortgage banking revenue, and credit card income lifted non-interest income

Company press release: ID:nGNXrz5jZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.52
Q1 Net Income
$82.97 mln
Q1 Net Interest Income
$148.15 mln
Q1 Credit Loss Provision
$10.64 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "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 $95.00, about 22% above its April 17 closing price of $77.86

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)