ServisFirst Bancshares, Inc. (SFBS) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,1642,210631683478784
Cash and cash equivalents4,1642,210631682478784
Short-term investments   1  
Total current assets:4,1642,210631683478784
Noncurrent Assets
Property, plant and equipment605556585940
Intangible assets, net (including goodwill), including:141414141515
Other undisclosed intangible assets, net (including goodwill)141414141515
Deferred income tax assets383126
Total noncurrent assets:11210096727455
Other undisclosed assets11,1739,6238,2217,2526,5315,531
TOTAL ASSETS:15,44911,9338,9488,0077,0826,370
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt     378
Total current liabilities:     378
Noncurrent Liabilities
Other undisclosed liabilities14,29710,9408,1057,2926,4755,470
Total liabilities:14,29710,9408,1057,2926,4755,848
Stockholders' equity
Stockholders' equity attributable to parent1,152992842715607523
Common stock000000
Additional paid in capital226224220219218216
Accumulated other comprehensive income (loss)14206(5)(0)(1)
Retained earnings911748617501390307
Stockholders' equity attributable to noncontrolling interest111110
Total stockholders' equity:1,152993843715608523
TOTAL LIABILITIES AND EQUITY:15,44911,9338,9488,0077,0826,370

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues416389391327277222
Net investment income416389391327263213
Cost of revenue(32)(42)(23)(21)(1)(13)
Cost of goods and services sold    (1) 
Provision for loan, lease, and other losses(32)(42)(23)(21)
Financial services costs (13)
Gross profit:385347368305276209
Operating expenses(21)(19)(15)(12)(58)(48)
Other operating income, net
(Noninterest Income, Other Operating Income)
52  26
Operating income:368329353293220167
Nonoperating income
(Bank Owned Life Insurance Income)
76  33
Interest and debt expense(32)(51)(103)(64)(35)(26)
Other undisclosed loss from continuing operations before equity method investments, income taxes (70)(63)(60)(51)(33)
Income from continuing operations before equity method investments, income taxes:343214187169137111
Other undisclosed loss from continuing operations before income taxes(90)     
Income from continuing operations before income taxes:253214187169137111
Income tax expense(46)(45)(38)(32)(44)(29)
Net income attributable to parent:2081701491379381
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:2081701491379381

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:2081701491379381
Other comprehensive income (loss)(6)1410(5)0(4)
Other undisclosed comprehensive income    0 
Comprehensive income, net of tax, attributable to parent:2021841601329478

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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