First Bancshares, Inc.

First Bancshares, Inc. Earnings Recaps

SFBS Financials 1 recap
Q1 2026 Apr 21, 2026

ServisFirst Bancshares delivered a robust first quarter with 33% year-over-year EPS growth driven by solid loan expansion, deposit growth exceeding expectations, and improved net interest margins, reflecting operational strength and effective rate management.

Key takeaways
  • First quarter net income rose to $83 million ($1.52 per share), up 33% YoY, highlighting strong operating leverage.
  • Loan growth was 7% annualized, with a record 90+ day pipeline and early signs of increased activity in late March.
  • Deposit growth exceeded expectations at an 8% annualized rate, helped by deposit cost management amid ongoing repricing of time deposits.
  • Net interest margin improved to 3.53%, benefitting from rate repricing and lower deposit costs, with approximately $2 billion in fixed-rate loans maturing over the next 3 years.
  • Asset quality remains solid, with NPAs at 100 basis points and active management to reduce $17 million in near-term NPAs.
Full recap