ServisFirst Bancshares, Inc. (SFBS) Financial Statements (2024 and earlier)

Company Profile

Business Address 2500 WOODCREST PLACE
BIRMINGHAM, AL 35209
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments814,5384,163,7242,209,640630,600682,789477,586
Cash and cash equivalents814,5384,163,7242,209,640630,600681,895477,586
Short-term investments     894 
Total current assets:814,5384,163,7242,209,640630,600682,789477,586
Noncurrent Assets
Operating lease, right-of-use asset    
Property, plant and equipment59,85060,30054,96956,49657,82258,900
Intangible assets, net (including goodwill), including:13,61513,63813,90814,17914,44914,719
Goodwill      
Other undisclosed intangible assets, net (including goodwill) 13,61513,63813,90814,17914,44914,719
Deferred income tax assets60,44837,77231,07225,566
Total noncurrent assets:133,913111,71099,94996,24172,27173,619
Other undisclosed assets13,647,30211,173,3729,623,0658,220,8127,252,3226,531,179
TOTAL ASSETS:14,595,75315,448,80611,932,6548,947,6538,007,3827,082,384
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities13,297,85714,296,79110,939,8028,104,9717,292,1796,474,780
Total liabilities:13,297,85714,296,79110,939,8028,104,9717,292,1796,474,780
Equity
Equity, attributable to parent1,297,3961,151,515992,352842,180714,701607,102
Common stock545454545353
Additional paid in capital229,693226,397223,856219,766218,521217,693
Accumulated other comprehensive income (loss)(42,253)14,05620,2185,749(4,741)(198)
Retained earnings1,109,902911,008748,224616,611500,868389,554
Equity, attributable to noncontrolling interest500500500502502502
Total equity:1,297,8961,152,015992,852842,682715,203607,604
TOTAL LIABILITIES AND EQUITY:14,595,75315,448,80611,932,6548,947,6538,007,3827,082,384

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues559,315416,305389,022390,803326,627277,108
Net investment income559,315416,305389,022390,803326,627262,756
Cost of revenue(37,607)(31,517)(42,434)(22,638)(21,402)(990)
Cost of goods and services sold      (990)
Provision for loan, lease, and other losses(37,607)(31,517)(42,434)(22,638)(21,402)
Gross profit:521,708384,788346,588368,165305,225276,118
Operating expenses(32,668)(21,255)(18,853)(15,320)(12,339)(57,586)
Other operating income, net
(Noninterest Income, Other Operating Income)
12,6614,6641,615  1,563
Operating income:501,701368,197329,350352,845292,886220,095
Nonoperating income
(Bank Owned Life Insurance Income)
6,4786,6426,310  3,131
Interest and debt expense(88,423)(31,802)(50,985)(103,158)(63,948)(35,333)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (70,467)(62,826)(60,096)(50,543)
Income from continuing operations before equity method investments, income taxes:419,756343,037214,208186,861168,842137,350
Other undisclosed loss from continuing operations before income taxes(110,928)(89,688)    
Income from continuing operations before income taxes:308,828253,349214,208186,861168,842137,350
Income tax expense(57,324)(45,615)(44,639)(37,618)(31,902)(44,258)
Income from continuing operations:251,504207,734169,569149,243136,94093,092
Income before gain (loss) on sale of properties:207,734169,569149,243136,94093,092
Net income attributable to parent:251,504207,734169,569149,243136,94093,092
Preferred stock dividends and other adjustments(62)(62)(63)(63)(63)(62)
Net income available to common stockholders, diluted:251,442207,672169,506149,180136,87793,030

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:251,504207,734169,569149,243136,94093,092
Other comprehensive income (loss)(56,309)(6,162)14,46910,490(4,543)383
Other undisclosed comprehensive income      43
Comprehensive income, net of tax, attributable to parent:195,195201,572184,038159,733132,39793,518

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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