ServisFirst Bancshares, Inc. (SFBS) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments631683478784352297
Cash and cash equivalents631682478784352297
Short-term investments 1    
Disposal group, including discontinued operation     6
Total current assets:631683478784352303
Noncurrent Assets
Property, plant and equipment56585940198
Intangible assets, net (including goodwill), including:1414151515 
Other undisclosed intangible assets, net (including goodwill)1414151515 
Deferred income tax assets26
Total noncurrent assets:96727455358
Other undisclosed assets8,2217,2526,5315,5314,7093,787
TOTAL ASSETS:8,9488,0077,0826,3705,0964,099
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   378180160
Total current liabilities:   378180160
Noncurrent Liabilities
Other undisclosed liabilities8,1057,2926,4755,4704,4663,531
Total liabilities:8,1057,2926,4755,8484,6463,691
Stockholders' equity
Stockholders' equity attributable to parent, including:842715607523449407
Common stock000000
Additional paid in capital220219218216212185
Accumulated other comprehensive income (loss)6(5)(0)(1)34
Retained earnings617501390307234177
Other undisclosed stockholders' equity attributable to parent     40
Stockholders' equity attributable to noncontrolling interest111000
Total stockholders' equity:843715608523449407
TOTAL LIABILITIES AND EQUITY:8,9488,0077,0826,3705,0964,099

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues391327277222188156
Net investment income391327263213180145
Cost of revenue(23)(21)(1)(13)(13)(11)
Cost of goods and services sold  (1)  (1)
Provision for loan, lease, and other losses(23)(21)
Financial services costs (13)(13)(10)
Gross profit:368305276209175145
Operating expenses(15)(12)(58)(48)(44)(47)
Other operating income (expense), net  264(1)
Noninterest income, other operating income  2643
Other expenses     (4)
Operating income:35329322016713596
Nonoperating income  3332
Losses on sales of other real estate     (0)
Bank owned life insurance income  3332
Interest and debt expense(103)(64)(35)(26)(18)(14)
Other undisclosed loss from continuing operations before equity method investments, income taxes(63)(60)(51)(33)(31)(10)
Income from continuing operations before income taxes:1871691371118974
Income tax expense(38)(32)(44)(29)(25)(22)
Income before gain (loss) on sale of properties:14913793816452
Other undisclosed net income     0
Net income:14913793816452
Other undisclosed net loss attributable to parent     (0)
Net income attributable to parent:14913793816452
Preferred stock dividends and other adjustments(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, diluted:14913793816352

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:14913793816452
Other comprehensive income (loss)10(5)0(4)(1)1
Other undisclosed comprehensive income (loss)  0  (0)
Comprehensive income, net of tax, attributable to parent:16013294786253

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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