ServisFirst Bancshares, Inc. reported strong financial performance for the second quarter of 2026, with net income reaching $85.8 million, a 40% increase from $61.4 million in the same period last year. This growth translated to earnings per share of $1.57, up from $1.12 in the prior year. For the first half of 2026, net income totaled $168.8 million, compared to $124.6 million in the first half of 2025. The company attributed this increase to a rise in net interest income, which grew by 18.2% to $155.6 million for the quarter, driven by a higher average loan volume and improved net interest margin, which increased to 3.63% from 3.10% year-over-year.
Total assets for ServisFirst Bancshares increased to $18.35 billion as of June 30, 2026, reflecting a 3.5% rise from $17.73 billion at the end of 2025. The loan portfolio also expanded, with total loans increasing by 5.7% to $14.48 billion, primarily due to a significant rise in non-owner occupied commercial loans, which grew by 11.3%. Total deposits rose to $14.55 billion, a 2.3% increase from $14.22 billion at the end of the previous year, with noninterest-bearing demand deposits contributing significantly to this growth.
In terms of operational developments, ServisFirst Bancshares has recently entered the Houston, Texas market, with plans to open a new office shortly. The company continues to enhance its product offerings, including electronic banking services and treasury management solutions. The employee headcount increased to 684, reflecting a 3.8% rise from the previous year, indicating ongoing investment in human resources to support growth.
The company’s allowance for credit losses stood at $181.9 million, or 1.26% of total loans, as of June 30, 2026, slightly down from 1.28% a year earlier. Nonperforming loans increased to $171 million, representing 1.18% of total loans, up from 1.23% at the end of 2025. The provision for credit losses was $11.7 million for the quarter, reflecting a cautious approach to potential credit risks amid changing economic conditions.
Looking ahead, ServisFirst Bancshares remains optimistic about its growth trajectory, supported by a solid capital position and a well-capitalized status under regulatory guidelines. The company plans to continue expanding its footprint and enhancing its service offerings while maintaining a focus on asset quality and risk management.
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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