First Bancshares, Inc. Q1 2026 Earnings Recap

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.