ServisFirst Q1 EPS jumps 31% on margin expansion, but nonperforming assets more than double

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 6, 2025 · ~1 min read

Key Changes

• high

  Nonperforming assets surged to $181M (1.30% of loans) from $75M (0.58%) year-over-year, driven by two real estate-secured relationships. Net charge-offs rose to 0.25% from 0.19%, and provision expense increased 63% to $10.6M.

  MD&A: Asset Quality verify on EDGAR →
• high

  Net interest margin expanded 61 basis points to 3.53% from 2.92%, as deposit costs fell 61 bps while loan yields declined only 10 bps. This drove diluted EPS up 31% to $1.52 and return on equity to 17.91% from 15.63%.

  MD&A: Net Interest Margin verify on EDGAR →
• medium

  Deposit growth slowed sharply to $267M (8% annualized) from $886M (26% annualized) in the prior-year quarter. Cash and equivalents declined to $1.84B (10% of assets) from $3.3B (18%) as excess liquidity was deployed.

  MD&A: Deposits and Liquidity verify on EDGAR →