ServisFirst Bancshares, Inc. reported a strong third quarter with diluted earnings per share of $1.20 and adjusted diluted earnings per share of $1.30, up 18.2% from the previous year. Net interest margin increased to 3.09%, with loans growing by $973.7 million and deposits by $960.4 million year-over-year.

The company’s net income for the quarter ended September 30, 2025, was $65.6 million, with an annualized return on average assets of 1.47% and return on average common stockholders’ equity of 14.88%. Net interest income was $133.4 million, and the net interest margin was 3.09%.

During the third quarter of 2025, ServisFirst Bancshares, Inc. saw average loan growth of $195.7 million, reaching $13.21 billion. Loan yields were 6.34%, with investment yields at 3.60%. The average interest-bearing deposit rates were 3.41%, showcasing strong performance and growth in key financial areas. In the third quarter of 2025, total loans reached $13.31 billion, up 2.4% from the previous quarter and 7.9% from the previous year. Total deposits also rose to $14.13 billion, an increase of 6.8% from the previous quarter and 4.6% from the previous year.

Non-performing assets to total assets increased to 0.96% in the third quarter of 2025, driven by a real-estate secured relationship. Net charge-offs to average loans also rose to 0.27%. The provision for credit losses was $9.3 million in the third quarter of 2025, compared to $11.4 million in the previous quarter.

Non-interest income decreased by $5.7 million in the third quarter of 2025, with service charges on deposit accounts increasing by 41.6%. Mortgage banking revenue and net credit card income also saw positive growth. Non-interest expense increased by $2.4 million, driven by salary and benefit expenses.

Income tax expense rose to $13.3 million in the third quarter of 2025, with an effective tax rate of 16.81%. The efficiency ratio was 35.22%, down from the previous year. The adjusted efficiency ratio was 33.31% in the third quarter of 2025. In the third quarter of 2025, ServisFirst Bancshares, Inc. invested in a renewable energy tax credit, receiving benefits of approximately $3.6 million, with a reduction in provision for income taxes of $81,000 and $111,000 from stock options and restricted stock. The bank holding company, based in Alabama, offers financial services across multiple states and files periodic reports with the SEC.

Financial highlights for ServisFirst Bancshares, Inc. in the third quarter of 2025 include total assets of $17.58 billion, loans totaling $13.31 billion, and net income of $65.57 million. Key ratios include a net interest margin of 3.09%, return on average assets of 1.47%, and a common equity tier 1 capital ratio of 11.49%. Non-GAAP financial measures were provided to explain adjusted results due to one-time expenses related to FDIC assessments in 2023.

The bank’s consolidated statement of income shows interest income of $251.31 million, net interest income of $133.45 million, and non-interest income of $2.83 million. Non-interest expense was $47.99 million, resulting in an income before income tax of $78.82 million and a net income of $65.57 million available to common stockholders. Earnings per share were $1.20 on a diluted basis. In the second quarter of 2025, we reported an $8.6 million loss on the sale of available-for-sale debt securities and reversed a $2.3 million legal reserve. In the third quarter, we recognized a $7.8 million loss on the sale of debt securities due to portfolio restructuring. These adjustments are considered unusual and are excluded from our non-GAAP financial measures.

While we believe our non-GAAP financial measures provide valuable information, they have limitations and should not be viewed as a substitute for GAAP results. The measures, including adjusted net income and return on assets, exclude certain items such as the impact of debt security sales. A reconciliation table is provided for a detailed analysis of these measures. ServisFirst Bancshares, Inc. reported an increase in tangible common stockholders’ equity, reaching $1,768,032 in September 2025. Adjusted net income for the third quarter was $71,422, with a net interest income of $133,502. The company’s efficiency ratio improved to 35.22% while maintaining a return on average assets of 1.47%.

The company’s consolidated balance sheets show total assets of $17,584,199, up 7% from the previous year. Loans totaled $13,311,967, with an allowance for credit losses of $170,235. Nonperforming assets reached $168,238, with nonperforming loans at 1.26% of total loans.

In the third quarter of 2025, ServisFirst Bancshares reported a net income of $65,571, with diluted earnings per share of $1.20. Net interest income was $133,448, while non-interest income was $2,833. Non-interest expenses totaled $47,996, resulting in an adjusted efficiency ratio of 33.31%.

The average balance sheets and net interest analysis for the third quarter showed a net interest margin of 3.09%. Interest-earning assets totaled $17,129,689, with interest-bearing liabilities at $13,187,618. The company maintained a strong net interest spread of 2.27%, reflecting a healthy interest rate environment.

Read more at GlobeNewswire.: ServisFirst Bancshares, Inc. Announces Results For Third