ServisFirst Bancshares, Inc. reported a strong financial performance for the first quarter of 2026, with net income reaching $83.0 million, a significant increase from $63.2 million in the same period last year. This translates to basic and diluted earnings per share of $1.52, up from $1.16 in the first quarter of 2025. The company's total assets grew to $18.17 billion, reflecting a 2.5% increase from $17.73 billion at the end of 2025. Total loans also saw a rise, increasing by $249 million, or 1.8%, to $13.95 billion, while total deposits rose by $267 million, or 1.9%, to $14.49 billion.
The increase in net income was primarily driven by a $24.6 million rise in net interest income, which totaled $148.1 million for the quarter, compared to $123.6 million in the prior year. Noninterest income also increased by 31.0% to $10.8 million, up from $8.3 million in the first quarter of 2025. However, noninterest expenses rose slightly by 2.8% to $47.4 million, primarily due to higher salaries and employee benefits, which increased by 17.4% to $26.9 million, reflecting the impact of the company's expansion efforts.
In terms of operational metrics, ServisFirst Bancshares reported a return on average assets of 1.89% and a return on average common stockholders' equity of 17.91%, both of which improved compared to the previous year. The company maintained a strong liquidity position with $1.84 billion in cash and cash equivalents, representing 10% of total assets. The common equity tier 1 capital ratio also increased to 11.86%, up from 11.48% in the first quarter of 2025, indicating a solid capital position.
The company continues to focus on growth, with a notable increase in its loan portfolio, particularly in non-owner occupied commercial loans and real estate construction loans. The loan pipeline indicates improving demand in the market. Additionally, ServisFirst Bancshares has been actively managing its credit quality, with the allowance for credit losses standing at $173.9 million, or 1.25% of total loans, as of March 31, 2026. Nonperforming loans increased slightly to $177.9 million, or 1.28% of total loans, reflecting ongoing challenges in certain segments.
Looking ahead, ServisFirst Bancshares remains optimistic about its growth trajectory, supported by a strong capital base and a commitment to expanding its market presence across various states. The company is well-positioned to navigate potential economic fluctuations while continuing to enhance shareholder value through strategic initiatives and operational efficiencies.
About ServisFirst Bancshares, Inc.
ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama, operating 33 full-service community banks across southeastern U.S. markets. It offers commercial, consumer, and real estate lending, deposit services, treasury, and cash management. Focused on traditional banking with personalized service, it emphasizes organic growth, local decision-making, and operational efficiency in competitive regional markets.
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