Servisfirst Bancshares, Inc. · NYSE:SFBS
Servisfirst Bancshares — Investor Presentation (May 2026)
35 slides from Servisfirst Bancshares's investor presentation, May 26, 2026
Slide 1: ServisFirst Bancshares Inc. May 2026
ServisFirst Bancshares Inc. NYSE: SFBS May 2026
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 2
Slide 3: ServisFirst By The Numbers
$18.2B Total Assets ServisFirst By The Numbers Organic Growth Story • Single bank BHC founded in Birmingham, Alabama • Organic asset growth since the bank was founded in 2005 (1) : 23% CAGR High - Performing Metropolitan Commercial Bank • Total Assets (2) : $18.2 billion • Stockholders’ Equity (2) :
Slide 4: Simple Business Model with Focus on Core Banking
Simple Business Model with Focus on Core Banking Our Business Strategy Loans and deposits are primary drivers – Not ancillary services Limited branch footprint with technology - driven efficiency – Serving markets with precision Big bank products, community bank service – Best of both worlds for cus
Slide 5: Opportunistic Expansion Model
Key Principles • Identify great bankers in attractive markets • Focus on people, not just places • Target minimum $300M in assets within 3 years Market Strategies • Regional CEOs execute simple business model • Centralized risk management • Non - legal board of directors comprised of key business pe
Slide 6: Milestones (Assets)
Milestones (Assets) 0 2 4 6 8 10 12 14 16 18 20 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Asset Milestone Total Asset (Billions) • Founded in May 2005 with initial capital raise of $35 million • Reached profitability during the four
Slide 7: ServisFirst Bank Milestones (Branches)
ServisFirst Bank Milestones (Branches) 2005 - 2011 • Founded, Birmingham, AL • Huntsville, AL • Montgomery , AL • Dothan, AL • Correspondent Banking • Pensacola, FL 2012 - 2015 • Mobile, AL • Nashville, TN • Initial Public Offering • Charleston, SC • Atlanta, GA 2016 - 2020 • Tampa Bay, FL • Fairhop
Slide 8: Consistently Building Shareholder Value
Consistently Building Shareholder Value • Since the bank opened, Tangible Book Value has increased by a minimum of 10% every year (20 - year CAGR (1) = 16%) • Stock Price has increased by more than 4,300% (3) since initial capital raise in 2005 (20 - year CAGR (1) = 21%) • Dividend has increased eac
Slide 9: Strategic Geographical Footprint
Strategic Geographical Footprint 9 35 Banking Locations, Across 8 States
Slide 10: Our Regions
Our Regions 1. Represents metropolitan statistical areas (MSAs) ) 2. As of March 31, 2026 3. As reported by the FDIC as of 6/30/2025 4. Includes Tallahassee Mortgage LPO and Tallahassee Full - Service Office 10 Total Offices (2) Region (1) (%) Total MSA Deposits (3) ($ in billions) Alabama 8.6 52.9
Slide 11: Our Business Model
Our Business Model Loan Making and Deposit Taking • Traditional commercial banking services • No focus on non - traditional business lines Culture of Cost Control • “Branch light” model, with an average of $439 million in deposits per banking center • Utilize technology and centralized infrastructur
Slide 12: Scalable, Decentralized Structure
Scalable, Decentralized Structure Local decision - making • Emphasize local decision - making to drive customer revenue • Centralized, uniform risk management and support • Conservative local lending authorities, covers most lending decisions • Geographic organizational structure (as opposed to line
Slide 13: Capacity For Growth
Capacity For Growth Potential for significant growth in both loan and deposit book size of current calling officers • Approximately 57% of the bank’s loan book is managed by approximately 20% of the bank’s calling officers and approximately 65% of the bank’s deposit book is managed by approximately
Slide 14: Risk Management & Credit Process
Risk Management & Credit Process • Lending focuses on middle market clients with Regional CEO and credit officers approving secured loan relationship up to $5MM; relationships greater than $5MM are approved by the CCO and/or members of executive management • Centralized monitoring of ABL relationshi
Slide 15: Correspondent Banking Footprint
Correspondent Banking Footprint Total Balance ($000s) Fed Funds Purchased Deposits (Interest Bearing) Deposits (Non Interest Bearing) # of Relationships Date $2,592,864 $1,546,837 $670,307 $375,720 392 3/31/2026 $2,459,953 $1,371,628 $751,689 $336,636 388 12/31/2025 $2,402,181 $1,470,100 $617,363 $3
Slide 16: Our Management Team
Thomas A. Broughton Chairman, President and CEO Previously President/CEO of First Commercial Bank; American Banker's 2009 Community Banker of the Year David A. Sparacio EVP and Chief Financial Officer Previously EVP, Corporate Controller for Ameris Bank Rodney E. Rushing EVP and Chief Operating Offi
Slide 17: Our Regional Management Team
Our Regional Management Team Jim O. Holtcamp EVP and Regional CEO Huntsville Previously EVP Commercial Banking at ServisFirst Bank Huntsville G. Carlton Barker EVP and Regional CEO Montgomery Previously Group President for Regions Bank Southeast Alabama Bank Group. B. Harrison Morris Regional Presid
Slide 18: Financial Results
Financial Results
Slide 19: Income Growth
▪ Rare combination of balance sheet growth and earnings power ▪ EPS growth includes impact of $55.1 million of common stock issued in five private placements as we entered new markets prior to our initial public offering (IPO) and $56.9 million from the IPO 1) 10 – year CAGR = 12/31/2015 – 12/31/202
Slide 20: Balance Sheet Makeup
▪ Primary focus on building core deposits, highlighted by non - interest - bearing accounts and non - reliance on CDs ▪ C&I lending expertise within a well - balanced loan portfolio Deposit Mix (1) 2.79% Cost of Interest - Bearing Deposits (2 ) Loan Portfolio (1) 6.18% Yield on Loans (2) 1) For peri
Slide 21: Loan Growth by Type
Loan Growth by Type 21 3/31/2025 3/31/2026 Year / Year Growth 2,924,533$ 3,189,704$ 265,171$ 1,599,410$ 1,531,042$ (68,368)$ 2,543,819$ 2,718,512$ 174,693$ 1,494,189$ 1,695,140$ 200,951$ 4,259,566$ 4,739,642$ 480,076$ 8,297,574$ 9,153,294$ 855,720$ 65,314$ 71,873$ 6,559$ 12,886,831$ 13,945,913$ 1,05
Slide 22: Repricing Opportunity
▪ 34% of the fixed rate loan portfolio matures within the next two years at a weighted average rate of 5.23% ▪ 87% of floating rate loans have a floor; weighted average floor rate is 4.74% ▪ Over $2.2 billion of projected cash flows from fixed rate loans over the next 12 months at a weighted average
Slide 23: Commercial Real Estate Trends
Commercial Real Estate Trends Current Period Year Ended March 31, 3/31/2026 2025 2024 2023 2022 2021 (In Thousands) $ 165,589 $ 157,346 $ 117,620 $ 109,800 $ 105,954 $ 74,811 1 - 4 Family Construction Speculative $ 114,694 $ 125,385 $ 108,714 $ 90,772 $ 116,556 $ 96,144 1 - 4 Family Construction Sol
Slide 24: Credit Quality
Strong loan growth while maintaining asset quality discipline Allowance for Credit Losses / Total Loans Net Charge Offs / Total Average Loans Non - Performing Assets / Total Assets Non - Performing Loans / Total Loans 0.09% 0.12% 0.14% 0.26% 0.97% 1.00% 2021 2022 2023 2024 2025 3/31/2026 0.13% 0.15%
Slide 25: Profitability Metrics
Consistent Earnings Results and Strong Momentum Adjusted Return on Average Assets (1) Adjusted Return on Average Equity (1) Adjusted Return on Average Common Equity (1) Net Interest Margin 1) For a reconciliation of these non - GAAP measures to the most comparable GAAP measure, see "GAAP Reconciliat
Slide 26: Efficiency
38.69% 38.75% 40.60% 39.47% 34.71% 32.57% 33.28% 30.29% 31.84% 31.30% 38.28% 37.34% 32.09% 29.80% 1.51% 1.47% 1.55% 1.41% 1.32% 1.26% 1.20% 1.05% 0.98% 1.07% 1.11% 1.11% 1.04% 1.08% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 2013 2014 2015 2016 2017 20
Slide 27: Interest Rate Sensitivity
Estimated Change in Net Interest Income Over 12 Month Time Horizon % change in NII from year 1 base, b ased on parallel shift in yield curve, and a static balance sheet Scenario 53% of loans are variable rate Variable - Rate Loans 20% of deposits are held in non - interest - bearing demand deposit a
Slide 28: Key Industries and Employers by Market
▪ Birmingham, Alabama – Key Industries : Metals manufacturing, finance, insurance, healthcare services and distribution – Key Employers : Protective Life, Encompass Health, Vulcan Materials Company, AT&T, American Cast Iron Pipe Company, Southern Company, Shipt , Brasfield & Gorrie, Coca - Cola and
Slide 29: Key Industries and Employers by Market
▪ Dothan, Alabama – Key Industries: Agriculture, manufacturing, defense, financial services, and healthcare – Key Employers: Southeast Health Medical Center, Wayne Farms, Southern Nuclear, Michelin Tire, Globe Motors, AAA Cooper Transportation, Fort Moore, TSYS, Aflac, Piedmont Columbus Regional ▪ N
Slide 30: Key Industries and Employers by Market
▪ Tennessee – Key Industries : Healthcare, manufacturing, entertainment, transportation, education and technology – Key Employers : HCA Holdings, Nissan North America, Dollar General Corporation, Asurion, Community Health Systems, FedEx, AutoZone, Vanderbilt University, BlueCross BlueShield and Inte
Slide 31: Key Industries and Employers by Market
▪ West Central Florida – Key Industries : Defense, financial services, information technology, healthcare, transportation, grocery, manufacturing, and tourism – Key Employers : Baycare Health System, University of South Florida, Tech Data, Raymond James Financial, Jabil Circuit, HSN, WellCare Health
Slide 32: 1) For a reconciliation of these non - GAAP measures to the most comparable
1) For a reconciliation of these non - GAAP measures to the most comparable GAAP measure, see "GAAP Reconciliation and Management Exp lanation of Non - GAAP Financial Measures" included at the end of this presentation. 2) Non - GAAP financial measures. "Tangible Common Equity to Tangible Assets" and
Slide 33: Nonaccrual Loans
3/31/26 2025 2024 2023 2022 2021 2020 2019 2018 2017 Dollars in Thousands Nonaccrual Loans: 25,200 26,756 25,692 7,217 7,108 4,343 11,709 14,729 10,503 9,712 Commercial, Financial & Agricultural 36,970 35,885 - 111 - - 234 1,588 997 - Construction 20,811 13,578 8,744 7,089 3,312 1,021 1,259 10,826 3
Slide 34: GAAP Reconciliation and Management Explanation of Non-GAAP Financial Measures
GAAP Reconciliation and Management Explanation of Non - GAAP Financial Measures In 2025 , we recognized a $ 7 . 8 million loss on sale of available - for - sale debt securities in non - interest income during the third quarter of 2025 due to continued restructuring of the portfolio . We recognized a
Slide 35: As Of and For the Period Ended December 31, 2015 As Of and For
As Of and For the Period Ended December 31, 2015 As Of and For the Period Ended December 31, 2016 As Of and For the Period Ended December 31, 2017 As Of and For the Period Ended December 31, 2018 As Of and For the Period Ended December 31, 2019 As Of and For the Period Ended December 31, 2020 As Of
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