10-Q · May 6, 2026
ServisFirst Bancshares reported Q1 2026 results with revenue of $158.99 million and diluted EPS of $1.52, reflecting a year-over-year EPS increase of 31.0%. However, revenue fell short of consensus estimates by 2.21%…
Earnings analysis · 10-Q
SFBS earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
ServisFirst reported Q2 diluted EPS of $1.57 and revenue of $168.529 million based on the supplied earnings data, but the provided 10-Q excerpt does not include sufficient income-statement, balance-sheet, cash-flow, or…
Read full summary
ServisFirst reported Q2 diluted EPS of $1.57 and revenue of $168.529 million based on the supplied earnings data, but the provided 10-Q excerpt does not include sufficient income-statement, balance-sheet, cash-flow, or segment detail to assess quarterly operating trends. The principal filing development is the identification and remediation of a material weakness related to a $41.516 million cash-flow classification error; management concluded controls were effective as of June 30, 2026. No quantitative forward guidance was provided, while interest-rate sensitivity limits remain unchanged.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.57
What stood out
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Control weakness remediated
Management concluded disclosure controls and procedures were effective as of June 30, 2026 after completing remediation testing during the period from July 1, 2026 through August 7, 2026.
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Cash-flow error did not affect cash
The Q1 cash-flow presentation error was limited to the classification of dividends paid: the reported $20,758,000 should have been shown as ($20,758,000), a $41,516,000 difference. Total cash and cash equivalents were unaffected.
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Enhanced cash-flow controls implemented
The company states that the control remediation plan was implemented before June 30, 2026 and included documented reconciliation, independent verification, spreadsheet and system controls, and artificial-intelligence-enabled review tools.
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Interest-rate risk unchanged
Management reported no material changes to its interest-rate-risk sensitivity from December 31, 2025 and no changes to its related policies or procedures.
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No material litigation disclosed
The company reported that neither ServisFirst Bancshares nor the Bank was currently party to any material legal proceedings.
What to watch
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Recently identified control weakness
The company identified a material weakness after discovering a $41,516,000 cash-flow classification error in the Q1 10-Q. Although the error was deemed immaterial and did not require restatement, management states that a material misstatement could previously have gone undetected on a timely basis.
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Cash-flow reporting reliability
The corrected Q1 presentation changes operating and financing cash flows by $41,516,000, even though total cash flows and cash balances were unchanged. The company cautions that remediated controls may not continue to operate effectively or that additional deficiencies may not emerge.
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Net interest margin sensitivity
Interest-rate exposure remains material: internal policy is designed to limit net interest-margin declines to no more than 6% for a 100-basis-point rate change and 12% for a 200-basis-point change.
Management's outlook
No quantitative revenue or EPS outlook, or change to prior guidance, was provided in the supplied 10-Q text.
Earlier filings 4
10-K · February 27, 2026
ServisFirst describes a concentrated, relationship-driven commercial banking model operating 33 full-service offices across seven Southeastern states and a single reportable segment focused on loans and deposits. For…
10-Q · November 4, 2025
ServisFirst reported Q3 2025 net income of $65,571,000 and diluted EPS of $1.20, driven by higher net interest income but offset by securities-related losses that knocked down noninterest income. Loans and deposits…
10-Q · August 5, 2025
ServisFirst reported Q2 2025 total revenue of $132.108M (net interest income $131.687M), up ~15.1% year-over-year, and diluted EPS of $1.12 (vs. $0.95 in Q2 2024). Loans grew to $13.233B and deposits to $13.862B,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.