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Mar 31
ServisFirst Q1 2025 Earnings Report
ServisFirst reported strong growth in earnings, loans, and deposits in Q1 2025.
Key Takeaways
ServisFirst Bancshares delivered a solid first quarter, with net income rising 26% YoY, EPS at $1.16, and 9% annualized loan growth. Capital ratios improved and operating expenses remained well-controlled.
Net income reached $63,224,000, a 26.4% increase from Q1 2024
EPS rose to $1.16, with matching non-GAAP EPS
Deposits grew $885,602,000 during the quarter
Efficiency ratio improved to 34.97%, reflecting disciplined expense management
ServisFirst
ServisFirst
ServisFirst Revenue by Segment
Revenue by Segment
Mortgage banking Revenue
CapyFin.comCredit card income Revenue
CapyFin.comOther income Revenue
CapyFin.com Forward Guidance
Management expressed confidence in continued growth, citing strong liquidity, capital ratios, and repricing of fixed rate loans, while also monitoring asset quality trends.
Positive Outlook
- Strong balance sheet and liquidity position
- 9% annualized loan growth driven by organic activity
- Fixed rate loan repricing expected to benefit NIM
- Non-interest expenses remained contained
- Capital ratios continue to strengthen
Challenges Ahead
- Increase in non-performing assets due to two specific relationships
- Net charge-offs rose significantly from last year
- Net interest margin declined slightly QoQ
- Non-interest income down YoY due to BOLI impact
- Some margin compression from lower loan and investment yields