ServisFirst reports Q2 adjusted EPS in line with expectations

ServisFirst Bancshares

21/07/2025 20:15

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Meet
$1.21
$1.21 (3 Analysts)
Q2 EPS
$1.12
Q2 Net Income
$61.42 mln
Q2 Net Interest Income
$131.69 mln
Q2 Credit Loss Provision
$11.30 mln


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

(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.)