Servisfirst Bancshares, Inc. · NYSE:SFBS
Servisfirst Bancshares — Q1 2023 Earnings Presentation
7 slides from Servisfirst Bancshares's earnings presentation, Apr 17, 2023
Slide 1: ServisFirst Bancshares, Inc. April 2023
ServisFirst Bancshares, Inc. NYSE: SFBS April 2023
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this press release 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: Deposits overview
Deposits overview 3 Business Segment New Accounts opened in 2023 Commercial 1724 Consumer 1097 Diversified deposit base Top Commercial Sectors by NAICS Industry Sectors: % of Total Deposits Commercial Banking 4.72% Offices of Lawyers 3.19% Commercial and Institutional Building Construction 2.25% Col
Slide 4: Deposits Overview Continued
Deposits Overview Continued 4 Deposit Flows by Month Net deposit inflows (outflows) January February March Total Total deposits (162,851) 207,435 23,926 68,512 Correspondent Relationships DDA % Term MM % Total % Non-settlement 52,986 25% 263,362 35% 833,373 37% Settlement 159,657 75% 497,300 65% 1,4
Slide 5: Liquidity
Liquidity 5 ($ in 000's) Balance at 12/31/22 Balance at 3/31/23 AFS (unrealized losses Pre-tax) 62,567 63,461 HTM (unrealized loss pre-tax) 98,175 84,028 Total securities unrealized loss pre-tax 160,742 147,489 Net Unrealized loss on AFS after tax 45,348 46,015 Net unrealized loss on HTM after tax 7
Slide 6: Capital, Investments, & Liquidity
Capital, Investments, & Liquidity 6 Well-Capitalized ServisFirst has always been well-capitalized per regulatory standards. Our bank level Tier 1 leverage ratio increased year over year from 8.08% at 3/31/22 to 9.91% at 3/31/23, or 23%, while total capital increased $167 million. As of March 31, 202
Slide 7: Credit
Credit Since the bank’s founding we have focused our calling efforts on owner operated C&I companies in the Southeast. Almost half of our loan portfolio is comprised of C&I and Owner Occupied Real Estate loans, which is among the highest in our industry. The average remaining maturity of our commerc
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