ServisFirst Bancshares, Inc. (SFBS) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,210631683478784352
Cash and cash equivalents2,210631682478784352
Short-term investments  1   
Total current assets:2,210631683478784352
Noncurrent Assets
Property, plant and equipment555658594019
Intangible assets, net (including goodwill), including:141414151515
Other undisclosed intangible assets, net (including goodwill)141414151515
Deferred income tax assets3126
Total noncurrent assets:1009672745535
Other undisclosed assets9,6238,2217,2526,5315,5314,709
TOTAL ASSETS:11,9338,9488,0077,0826,3705,096
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    378180
Total current liabilities:    378180
Noncurrent Liabilities
Other undisclosed liabilities10,9408,1057,2926,4755,4704,466
Total liabilities:10,9408,1057,2926,4755,8484,646
Stockholders' equity
Stockholders' equity attributable to parent992842715607523449
Common stock000000
Additional paid in capital224220219218216212
Accumulated other comprehensive income (loss)206(5)(0)(1)3
Retained earnings748617501390307234
Stockholders' equity attributable to noncontrolling interest111100
Total stockholders' equity:993843715608523449
TOTAL LIABILITIES AND EQUITY:11,9338,9488,0077,0826,3705,096

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues389391327277222188
Net investment income389391327263213180
Cost of revenue(42)(23)(21)(1)(13)(13)
Cost of goods and services sold   (1)  
Provision for loan, lease, and other losses(42)(23)(21)
Financial services costs (13)(13)
Gross profit:347368305276209175
Operating expenses(19)(15)(12)(58)(48)(44)
Other operating income, net
(Noninterest Income, Other Operating Income)
2  264
Operating income:329353293220167135
Nonoperating income
(Bank Owned Life Insurance Income)
6  333
Interest and debt expense(51)(103)(64)(35)(26)(18)
Other undisclosed loss from continuing operations before equity method investments, income taxes(70)(63)(60)(51)(33)(31)
Income from continuing operations before income taxes:21418716913711189
Income tax expense(45)(38)(32)(44)(29)(25)
Net income attributable to parent:170149137938164
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:170149137938163

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:170149137938164
Other comprehensive income (loss)1410(5)0(4)(1)
Other undisclosed comprehensive income   0  
Comprehensive income, net of tax, attributable to parent:184160132947862

Statements sources

The financial statements are based on the company's filings with the 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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