ServisFirst Bancshares Inc Dossier
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SectorFinancials IndustryBanks - Regional Beta (adjusted)0.91 Intrinsic Value $87.58median of 2 methodsbased on filings through 30 Jun 2026 Market Price $39.75Price as of 1 Oct 2026 Significantly undervaluedIntrinsic value is 120% above the market price −50% · IV below pricenear fair value ±15%IV above price · +50% marker beyond scale (+120%) Data confidence Sign in to view data confidence Market Cap $4.3B Shares Outstanding 109.3M diluted Next Earnings Date19 Oct 2026 Last ex-dividend1 Jul 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary ServisFirst Bancshares (SFBS) continues to demonstrate industry-leading operational efficiency and strong organic growth across the Sun Belt. With an efficiency ratio under 30% and a highly scalable, branch-lite commercial banking model, SFBS is uniquely positioned to generate superior returns on assets (ROAA of 1.89% in Q1 2026). Despite recent mixed quarterly revenue updates, the bank's net interest margin has expanded significantly year-over-year to 3.53%, driven by disciplined asset repricing. While credit quality has seen a temporary uptick in non-performing assets to 1.00% due to idiosyncratic commercial real estate relationships, SFBS's conservative underwriting and robust capital position (CET1 of 11.86%) provide a solid buffer, making the current valuation discount an attractive entry point for long-term investors. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$94.00 Mean target$98.00 High · most bullish analyst$100.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $94.00 Sustained pressure in commercial real estate (CRE) leads to higher charge-offs and provisions, dragging down net income. Intense deposit competition forces SFBS to raise funding costs, compressing NIM below 3.30%, while expansion costs in new markets limit operating leverage. Base CaseCentral scenario $98.00 Matches the consensus meanSteady organic loan and deposit growth in the mid-single digits. NIM remains stable in the 3.50% - 3.60% range as asset repricing offsets competitive deposit pressures. Credit quality stabilizes with NPAs gradually resolving, and the bank maintains its industry-leading efficiency ratio under 31%. Bull CaseUpside scenario $100.00 Sustained high-single-digit loan and deposit growth driven by rapid expansion in the Texas (Houston) market and continued market share gains in the Southeast. Net interest margin expands beyond 3.65% as fixed-rate loans reprice higher, while credit costs normalize back to historical lows (NPAs < 0.40%). Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |