ServisFirst Bancshares, Inc. reported a net income of $61.4 million for the second quarter of 2025, reflecting a 17.9% increase from $52.1 million in the same period last year. For the first half of 2025, net income reached $124.6 million, up from $102.2 million in the first half of 2024. The company’s diluted earnings per share were $1.12 for the second quarter and $2.28 for the first half, compared to $0.96 and $1.87, respectively, in the prior year. The growth in profitability was primarily driven by a significant increase in net interest income, which rose by 24.4% to $131.7 million in the second quarter, attributed to a 7.9% increase in average loans.
Total assets for ServisFirst Bancshares stood at $17.38 billion as of June 30, 2025, a slight increase of $27 million from $17.35 billion at the end of 2024. The company’s total loans increased by 5.0% to $13.23 billion, with notable growth in real estate construction and non-owner occupied commercial loans. Total deposits also grew by 2.4% to $13.86 billion, indicating a solid deposit base to support ongoing lending activities.
In terms of operational metrics, the bank's average loans for the second quarter were $13.01 billion, while average deposits reached $13.90 billion. The net interest margin improved to 3.10%, up from 2.79% in the same quarter of the previous year. The company’s efficiency ratio also improved to 33.46%, down from 37.31%, reflecting better cost management relative to income generation.
The filing also highlighted a strategic focus on managing credit risk, with an allowance for credit losses of $169.96 million, representing 1.28% of total loans. Nonperforming loans increased to $72.2 million, or 0.55% of total loans, up from $42.5 million at the end of 2024. The company noted that the increase in nonperforming assets was primarily due to two significant relationships secured by real estate. Looking ahead, ServisFirst Bancshares remains optimistic about its growth trajectory, supported by a strong loan portfolio and a commitment to maintaining a robust capital position.
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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