ServisFirst Bancshares, Inc. reported a solid financial performance for the third quarter of 2025, with net income reaching $65.6 million, a 9.1% increase from $59.9 million in the same period last year. For the nine months ending September 30, 2025, net income totaled $190.2 million, up from $162.1 million in 2024. Basic and diluted earnings per share were both $1.20 for the third quarter and $3.48 for the nine months, compared to $1.10 and $2.97, respectively, in the prior year. The company’s net interest income increased by 15.9% to $133.4 million for the quarter, driven by a rise in average loans and deposits.
Total assets for ServisFirst Bancshares as of September 30, 2025, were $17.58 billion, reflecting a 1.3% increase from $17.35 billion at the end of 2024. The company’s total loans increased by 5.6% to $13.31 billion, with significant growth in real estate mortgage loans, particularly in owner-occupied and non-owner occupied commercial categories. Total deposits also rose by 4.2% to $14.11 billion, indicating a healthy growth in the bank's funding base.
In terms of operational metrics, the bank's average loans for the third quarter were $13.21 billion, an increase of $839.1 million or 6.8% year-over-year. Average deposits also saw a rise of $617.8 million, or 4.6%. The net interest margin improved to 3.09%, up from 2.84% in the previous year, reflecting effective asset-liability management in a fluctuating interest rate environment. The company’s efficiency ratio improved to 35.22%, indicating better cost management relative to its income.
The filing also highlighted a strategic focus on managing credit risk, with an allowance for credit losses of $170.2 million, representing 1.28% of total loans. However, nonperforming loans increased significantly to $167.6 million, or 1.26% of total loans, primarily due to a single large multi-family real estate secured relationship. The company continues to monitor its loan portfolio closely, with a proactive approach to managing potential credit losses.
Looking ahead, ServisFirst Bancshares remains optimistic about its growth trajectory, supported by a strong capital position and a well-capitalized status under regulatory guidelines. The company is focused on leveraging its competitive advantages in the banking sector while navigating the challenges posed by market conditions and interest rate fluctuations.
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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