Servisfirst Bancshares, Inc. · NYSE:SFBS
Servisfirst Bancshares — Q2 2020 Earnings Presentation
9 slides from Servisfirst Bancshares's earnings presentation, Jul 20, 2020
Slide 1: ServisFirst Bancshares, Inc. Second Quarter Supplemental Data
ServisFirst Bancshares, Inc. NASDAQ: SFBS Second Quarter Supplemental Data July 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 June 30, 2020 ▪ Hotels make up less than 2% of 000’s portfolio Outstanding Outstanding Total Loan ▪ Restaurants makes up less than 3% Loan
Slide 5: Deferrals Resulting from COVID-19
Deferrals Resulting from COVID-19 ▪ Vast majority are 3 month deferrals ▪ Top 5 deferral industries as of 6/30/20 include – Restaurants $40.8 million – Hospitals $28.2 million – Hotels $22.5 million – Manufacturers $21.0 million – Residential Rental Properties $18.2 million ▪ Deferrals peaked in lat
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 ▪ As of 7/15/2020 we have funded 4,868 loans totaling $1.1 billion Payroll Protection Program Loans Funded as of 6/30/2020 Number of loans Loan Balances (000s) $3
Slide 7: Low Rate Environment
Low Rate Environment ▪ Focused on strengthening loan pricing over time ▪ Net Interest Margin – The NIM decreased 26 basis points from 1st quarter to 2nd quarter – The impact of PPP negatively impacted the margin by 15 basis points quarter over quarter ▪ Average PPP loan balances of $886 million ▪ PP
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
ServisFirst Bancshares — Q2 2020 Earnings Presentation on 6ix