ServisFirst Bancshares, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-08-07.
0001171843-26-005359
Item 1A. Risk FactorsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-11-04.
0001171843-26-007112
Item 1A. Risk FactorsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 7 previous paragraphs and 4 current paragraphs.
1 unchanged; 0 reworded; 3 added; 6 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (3)
Current report
Our stock repurchase program may not enhance long-term stockholder value, and stock repurchases, if any, could increase the volatility of the price of our common stock and diminish our cash reserves.
Current report
We recently announced a stock repurchase program that authorizes us to repurchase up to 2,000,000 shares of common stock through December 31, 2027. Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions.
Current report
Repurchases could affect our stock price and increase its volatility. The existence of a stock repurchase program could also cause our stock price to be higher than it would be in the absence of such a program and could potentially reduce the market liquidity for our stock. Additionally, stock repurchases could diminish our cash reserves, which could impact our ability to pursue possible future strategic opportunities and acquisitions, support our operations, invest in securities, and pay dividends, and could result in lower overall returns on our cash balances. Stock repurchases may not enhance shareholder value because the market price of our common stock may decline below the levels at which we repurchased shares of stock, and short-term stock price fluctuations could reduce the program’s effectiveness. Repurchases are subject to a nondeductible excise tax under the Inflation Reduction Act of 2022 equal to 1.0% of the fair market value of the shares repurchased, subject to certain limitations.
Removed paragraphs (6)
Previous report
We recently identified a material weakness in our internal control over financial reporting, which could impact the Company’s ability to report its results of operations and financial condition accurately and in a timely manner and may adversely affect our stock price.
Previous report
Our management is responsible for establishing and maintaining effective internal control over financial reporting and disclosure controls and procedures. As described in “Part II, Item 4. Controls and Procedures,” we identified a material weakness in the Company’s internal control over financial reporting. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim consolidated financial statements would not be prevented or detected in a timely manner.
Previous report
Although the error that led to the identification of the material weakness was not material to our previously issued financial statements and did not require the restatement of those financial statements, management concluded that the control deficiency created a reasonable possibility that a material misstatement of our interim or annual financial statements could occur and not be prevented or detected in a timely manner.
Previous report
While we have implemented remediation measures designed to address this material weakness and have concluded that the material weakness has been remediated, there can be no assurance that the controls we have implemented will continue to operate effectively or that additional material weaknesses or other control deficiencies will not be identified in the future. If our internal control over financial reporting is not effective, or if we are unable to maintain effective disclosure controls and procedures, we may be unable to prevent or detect misstatements in our financial statements in a timely manner.
Previous report
Any failure to maintain effective internal control over financial reporting could adversely affect our ability to accurately report our and results of operations and financial condition, result in restatements of our financial statements, cause us to fail to meet our reporting obligations, impair investor confidence in our reported financial information, subject us to regulatory scrutiny or enforcement actions, and adversely affect the market price of our common stock.