ServisFirst Bancshares Inc
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
SFBS$41.50-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2024 and 2023
(In thousands, except share and per share amounts)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $116,394 | $123,430 |
| Interest-bearing balances due from depository institutions | 2,259,195 | 1,907,083 |
| Federal funds sold | 1,045 | 100,575 |
| Cash and cash equivalents | 2,376,634 | 2,131,088 |
| Available-for-sale debt securities, at fair value | 1,161,400 | 900,183 |
| Held-to-maturity debt securities (fair value of $639,496 and $907,191, respectively) | 714,853 | 982,664 |
| Restricted equity securities | 11,300 | 10,226 |
| Mortgage loans held for sale | 9,211 | 5,074 |
| Loans | 12,605,836 | 11,658,829 |
| Less allowance for credit losses | (164,458) | (153,317) |
| Loans, net | 12,441,378 | 11,505,512 |
| Premises and equipment, net | 59,185 | 59,324 |
| Accrued interest and dividends receivable | 62,794 | 59,181 |
| Deferred tax asset, net | 61,748 | 62,918 |
| Other real estate owned and repossessed assets | 2,531 | 995 |
| Bank owned life insurance contracts | 299,787 | 292,759 |
| Goodwill | 13,615 | 13,615 |
| Other assets | 137,207 | 106,129 |
| Total assets | $17,351,643 | $16,129,668 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Liabilities: | ||
| Deposits: | ||
| Non-interest-bearing demand | $2,619,687 | $2,643,101 |
| Interest-bearing | 10,923,772 | 10,630,410 |
| Total deposits | 13,543,459 | 13,273,511 |
| Federal funds purchased | 1,993,728 | 1,256,724 |
| Other borrowings | 64,743 | 64,735 |
| Accrued interest and dividends payable | 28,026 | 27,545 |
| Other liabilities | 104,915 | 66,748 |
| Total liabilities | 15,734,871 | 14,689,263 |
| Stockholders' equity: | ||
| Preferred stock, par value $0.001 per share; 1,000,000 authorized and undesignated at December 31, 2024 and December 31, 2023 | - | - |
| Common stock, par value $0.001 per share; 200,000,000 shares authorized: 54,569,427 shares issued and outstanding at December 31, 2024; and 54,461,580 shares issued and outstanding at December 31, 2023 | 54 | 54 |
| Additional paid-in capital | 235,781 | 232,605 |
| Retained earnings | 1,412,616 | 1,254,841 |
| Accumulated other comprehensive loss | (32,179) | (47,595) |
| Total stockholders' equity attributable to ServisFirst Bancshares, Inc. | 1,616,272 | 1,439,905 |
| Noncontrolling interest | 500 | 500 |
| Total stockholders' equity | 1,616,772 | 1,440,405 |
| Total liabilities and stockholders' equity | $17,351,643 | $16,129,668 |
CONSOLIDATED STATEMENTS OF INCOME
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