Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
ServisFirst Bancshares (SFBS)
:SFBS
RESEARCH TOOLSreports
Holding SFBS?
Track your performance easily
Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.11Last Year’s EPS
0.91Same Quarter Last Year
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: 7.93%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a positive outlook with improvements in credit quality, net income, and expansion into new markets. However, challenges such as stagnant loan growth and a significant municipal deposit outflow were noted. The resignation of the CFO adds some uncertainty.Company Guidance
During the SFBS third quarter 2024 earnings call, the company's executives provided various financial metrics and forward-looking guidance. Notably, the net income increased by approximately 15% from the previous quarter, with diluted EPS showing a similar rise, driven by a 9% growth in the net interest margin, which reached $115 million, up from $106 million in the second quarter. The loan portfolio showed minimal charge-offs, with annualized net charge-offs to total average loans at just 9 basis points, a 40% decline from the previous year. The loan loss reserve was increased by $4 million, maintaining a loan loss reserve to total loans ratio of 1.31%. In terms of deposits, the bank expects a return of a significant municipal account in the fourth quarter after an outflow during the third quarter. Additionally, the bank added four new bankers in the quarter, bringing the total to 155 frontline bankers. The executives expressed optimism about future loan demand, particularly in the hospitality segment, and anticipated improved margins due to ongoing repricing of fixed-rate loans.Improved Credit Quality
Annualized net charge-offs to total average loans was only 9 basis points for the quarter, a 40% reduction from 15 basis points in the third quarter of 2023.
Loan Loss Reserve Increase
Loan loss reserve grew by $4 million for the quarter, with the loan loss reserve to total loans increasing to 1.31%.
Positive Net Income and EPS Growth
Net income was up approximately 15% from the second quarter, with diluted EPS showing similar growth.
Increased Net Interest Margin
Net interest margin increased by 5 basis points over the prior quarter, with margin increasing to $115 million in the third quarter from $106 million in the second quarter.
Noninterest Income Growth
Noninterest income performed well with increased deposit fees and higher mortgage fee income. The efficiency ratio fell below 37%.
Expansion into New Markets
Added 4 new bankers in the quarter, bringing the total to 155 frontline bankers. New markets in Memphis and Auburn are making significant progress.
Rationalization in Deposit Pricing
Observed more pricing discipline from major competitors, with CD rates coming down rapidly.
---
SFBS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
SFBS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $82.48 | $84.14 | +2.01% |
| Jul 15, 2024 | $70.34 | $79.46 | +12.97% |
| Apr 22, 2024 | $60.54 | $61.84 | +2.15% |
| Jan 29, 2024 | $67.03 | $68.54 | +2.25% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does ServisFirst Bancshares (SFBS) report earnings?
ServisFirst Bancshares (SFBS) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is ServisFirst Bancshares (SFBS) earnings time?
ServisFirst Bancshares (SFBS) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SFBS EPS forecast?
SFBS EPS forecast for the fiscal quarter 2024 (Q4) is 1.11.
---