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BIRMINGHAM, Ala. - ServisFirst Bancshares, Inc. (NYSE:SFBS) reported first quarter earnings that beat analyst expectations, sending shares up slightly, by 0.2%, in after-hours trading.
The bank holding company posted earnings per share of $1.16 for the quarter ended March 31, 2025, exceeding the analyst consensus estimate of $1.13. This represents a 26.1% increase from EPS of $0.92 in the same quarter last year.
Revenue came in at $125.2 million, falling short of Wall Street’s forecast of $129.47 million. However, this still marks a 12.5% rise from $111.4 million in Q1 2024.
ServisFirst saw strong loan and deposit growth in the quarter. Total (EPA:TTEF) loans increased by $281 million, or 9% annualized, to $12.89 billion. Deposits grew by $886 million, or 26% annualized, reaching $14.43 billion.
"With our strong balance sheet, we are looking at opportunities for new and expanded customer relationships and we continue to look at new market expansions in the Southeast," said Tom Broughton, Chairman, President and CEO.
The company maintained a robust capital position, with its consolidated common equity tier 1 capital to risk-weighted assets ratio improving to 11.48% from 11.07% a year ago.
The bank’s net interest margin was 2.92% for Q1 2025, compared to 2.66% in Q1 2024. Return on average assets increased to 1.45% from 1.26% year-over-year.
ServisFirst ended the quarter with $18.64 billion in total assets, up 18.5% from $15.72 billion at the end of Q1 2024.
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