Servisfirst Bancshares, Inc. · NYSE:SFBS
Servisfirst Bancshares — Q1 2020 Earnings Presentation
9 slides from Servisfirst Bancshares's earnings presentation, Apr 21, 2020
Slide 1: ServisFirst Bancshares, Inc. Investor Presentation
ServisFirst Bancshares, Inc. NASDAQ: SFBS Investor Presentation April 20, 2020
Slide 2: Forward-Looking Statements
Forward-Looking Statements ▪ Statements in this presentation that are not historical facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as "forward-looking statements" for the purpose of the safe harbor provided by Section 21E
Slide 3: Investor Presentation Update
Investor Presentation Update ▪ In light of the pandemic we are providing the following slides in an effort to offer a more granular look into our loan portfolios and address other recent developments ▪ We are carefully monitoring our loan exposures where we see potential increased credit risk, inclu
Slide 4: Portfolios Potentially Impacted by Pandemic
Portfolios Potentially Impacted by Pandemic ▪ Well diversified portfolio with ServisFirst Bank limited concentrations Portfolios Potentially Impacted By Pandemic March 31, 2020 ▪ Hotel makes up less than 2% of 000’s portfolio Outstanding Outstanding Total Loan Loan as a % of Watchlist ▪ Restaurants
Slide 5: Deferrals Resulting from COVID-19; Current Expected Credit Losses (CECL)
Deferrals Resulting from COVID-19 ▪ Vast majority are principal only - 3 month deferrals ▪ Top 5 deferral industries as of 3/31/20 include – Car Dealerships $68.9 million – Restaurants $47.8 million – Manufacturers $37.3 million – Hotels $26.8 million – Dentist Offices $25.2 million Current Expected
Slide 6: Payroll Protection Program (PPP)
Payroll Protection Program (PPP) ▪ We are using an online automated application process to help streamline the workflow and mitigate risk ▪ Due to the level of demand, our primary focus is serving existing clients ▪ As of 4/17/2020 we have closed 3,309 loans totaling $914 million ▪ We expect almost
Slide 7: Impact of Low Rate Environment
Impact of Low Rate Environment ▪ As of 3/31/20, 40% of variable rate loans are at their floors; 41% of loan portfolio is variable rate ▪ Focused on strengthening loan pricing over time ▪ Net Interest Margin – We expect some distortion to our NIM in the 2nd quarter as a result of the PPP program; exc
Slide 8: Digital Banking Opportunities
Digital Banking Opportunities ▪ Commercial customers who had previously not adopted digital banking options such as Remote Deposit Capture, Mobile Deposits, and Purchase Cards are doing so now in large numbers – Payment Collection – Digital accounts receivables eliminate the need to make in- person
Slide 9: Member FDIC | Equal Housing Lender
Member FDIC | Equal Housing Lender
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