ServisFirst Bancshares, Inc. (SFBS) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings and welcome to the Service First Bank Shares third quarter earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Davis Mage, Director of Investor Relations. Thank you, Davis. You may begin. Good afternoon and welcome to our third quarter earnings call. Today's speakers will cover some highlights from the quarter and then take your questions. We'll have Tom Broughton, our CEO, Jim Harper, our chief credit officer, and David Sparacio, our CFO. I'll now cover our forward-looking statements disclosure. Some of the discussion in today's earnings call may include forward-looking statements. Actual results may differ from any projection shared today. due to factors described in our most recent 10-K and 10-Q filings. Forward-looking statements speak only as of the date they are made, and Service First assumes no duty to update them. With that, I'll turn the call over to Tom. Thank you, Davis. Good afternoon, and thank you for joining our third quarter conference call. I'll give you a few highlights, followed by a credit update from Jim Harper, and followed by Davis Bracio with some financial updates. Talk about loan growth. It was below our expectation for the third quarter. We went back and reviewed loans booked and draws versus pay downs over the three quarters of 2025. And loan pay downs were up $500 million over the prior two quarters in the third quarter. So this contributed to the lack of these real significant loan growth. We did see a nice increase of over 10% in ...