ServisFirst Bancshares Q2 2026 Earnings Overview
ServisFirst Bancshares (NYSE:SFBS) reported second‑quarter 2026 results that met analyst expectations on earnings per share but slightly exceeded revenue forecasts, yet the stock declined 6.2% as investors highlighted growing credit concerns.
Adjusted earnings per share were $1.57 for the quarter ended June 30, matching the consensus estimate. Net interest income was $155.6 million, contributing to total revenue of $168.5 million, marginally above the $167.9 million consensus. Revenue grew 18% year‑over‑year from $131.7 million in Q2 2025.
Net income available to common shareholders increased 40% to $85.8 million versus $61.4 million a year earlier. The net interest margin expanded to 3.63%, up 10 basis points from the first quarter and 53 basis points year‑over‑year. Loans grew $533 million, representing a 15% annualized increase, reaching $14.48 billion at quarter‑end.
Deposits rose $686 million, or 5% year‑over‑year, to $14.55 billion. The cost of interest‑bearing deposits fell to 2.80%, down 53 basis points from the prior‑year period. The efficiency ratio improved to 29.65% from 33.46% a year earlier.
Non‑performing assets rose to 0.96% of total assets from 0.42% in Q2 2025, driven primarily by a large real‑estate‑secured relationship. The bank recorded an $11.7 million provision for loan losses, slightly higher than the $11.4 million provision in the comparable prior‑year quarter.
Tom Broughton, Chairman, President and CEO, said the company was pleased with the strong loan growth and record‑level loan pipeline across its markets.
Despite the revenue beat and strong loan growth, the market priced in the elevated credit risk, resulting in a 6.2% decline in the share price following the release.