The EPS miss vs consensus, despite strong underlying operational trends (NIM expansion, loan growth, efficiency improvement), may create near-term selling pressure. Watch for the buyback execution pace and credit quality trends (NPA ratio stable at 0.96%, but provision up 61% YoY).
Price Chart
Executive Summary
ServisFirst Bancshares reported Q3 2026 GAAP diluted EPS of $0.80, a 33% YoY increase but a 3.6% miss vs the $0.83 consensus estimate. Net interest income grew 19.8% YoY to $159.8M, with NIM expanding 54 bps to 3.63%. The company also announced its inaugural $2M share repurchase program post-quarter-end. The EPS miss tempers otherwise strong operational trends.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.80 vs consensus $0.83 (-3.6% miss), but up 33% YoY from $0.60
- Net interest income $159.8M, up 19.8% YoY from $133.4M
- Net interest margin 3.63%, up 54 bps YoY from 3.09%
- Loans grew $1.43B or 10.7% YoY to $14.74B
- Noninterest-bearing deposits up 12% YoY to $2.91B
- Efficiency ratio improved to 30.20% from 35.22% YoY
- Provision for credit losses increased to $14.9M from $9.3M YoY
- Announced inaugural stock repurchase program of up to 2M shares through Dec 2027
- Completed 2-for-1 stock split during the quarter
Financial Impact
EPS miss of ~3.6% vs consensus ($0.80 vs $0.83) on strong revenue growth; net income up 33% YoY to $87.3M
Risk Factors
- EPS miss vs consensus may weigh on near-term sentiment
- Provision for credit losses increased 61% YoY to $14.9M, signaling credit normalization
- Total deposits declined $461M or 12.6% annualized linked-quarter decline in total deposits
- Nonperforming assets to total assets ratio stable at 0.96% but elevated vs 0.40% in Q1 2025
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-006691 |
| Exhibit: exh_992.htm | 0001171843-26-006691 |
| Document: f8k_101926.htm | 0001171843-26-006691 |
| Document: 0001171843-26-006691-index-headers.html | 0001171843-26-006691 |
| Document: 0001171843-26-006691-index.html | 0001171843-26-006691 |
| Document: 0001171843-26-006691.txt | 0001171843-26-006691 |
| 8-K Data (Synthetic) | 0001171843-26-006691 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Institutional Cluster | $41.30 $41.22 | ▼ −0.19% | ▲ +0.33% | $40.78 (−1.27%) |
Oct 19, 2026 7d ago | 8-K | $39.59 $39.79 | ▲ +0.51% | ▼ −0.02% | $40.78 (+2.99%) |
Oct 19, 2026 7d ago | Press Release | $39.59 $39.79 | ▼ −0.51% | ▲ +0.02% | $40.78 (−2.99%) |
Oct 14, 2026 12d ago | 8-K | $39.56 $39.36 | ▼ −0.51% | ▲ +0.60% | $40.78 (+3.07%) |
Sep 29, 2026 27d ago | Press Release | $39.98 | awaiting T+1 | — | $40.78 (+1.99%) |
Sep 21, 2026 5w ago | Press Release | $41.75 $41.17 | ▼ −1.39% | ▼ −0.67% | $40.78 (−2.34%) |
Jul 20, 2026 14w ago | 8-K / PRESS-RELEASE | $87.81 $86.61 | ▼ −1.37% | ▼ −1.25% | $40.78 (−53.56%) |
Jul 20, 2026 14w ago | Press Release | $87.81 $86.61 | ▼ −1.37% | ▼ −1.25% | $40.78 (−53.56%) |
Jun 15, 2026 19w ago | 8-K | $81.67 $79.69 | ▼ −2.42% | ▼ −1.18% | $40.78 (−50.07%) |
Apr 20, 2026 27w ago | 8-K | $79.04 $78.49 | ▼ −0.70% | ▼ −1.71% | $40.78 (−48.41%) |
US Market Status
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