ServisFirst Bancshares reported $18.2 billion in total assets at March 31, 2026, up from a business that began with $35 million of initial capital in 2005 and has compounded assets at a 23% annual rate since then, excluding its 2015 acquisition.
Stockholders’ equity reached $1.9 billion. Over the longer run, tangible book value per share rose from 18.15 in 2020 to 34.74 at March 31, 2026, nearly doubling in just over six years. Annual dividend per share climbed from 0.38 in 2020 to 1.34 in 2026, with each year showing an increase from the prior period.
The bank said gross loans have grown at a 13% compound annual rate over the 10 years through 2025, while total deposits also grew at a 13% CAGR over the same period. Net income for common and diluted EPS each posted a 16% CAGR over that span.
For the first quarter of 2026, return on average assets was 1.89% and the efficiency ratio was 29.80%. The bank’s branch-light model supported average deposits of $439 million per banking center. It operated 35 banking locations across 8 states.
The footprint has expanded steadily across the Southeast and into Texas. Since 2023, the bank added Virginia Beach, Lake Norman, Tallahassee Mortgage, Memphis, Auburn, and Houston. Earlier expansions included Tampa Bay, Sarasota, Orlando, Charlotte, Asheville, and Charleston.
Correspondent banking balances were $2.593 billion at March 31, 2026, up from $2.460 billion at December 31, 2025. Within that total, fed funds purchased rose to $1.547 billion from $1.372 billion, while interest-bearing deposits increased to $670.3 million from $751.7 million and non-interest-bearing deposits rose to $375.7 million from $336.6 million. The number of correspondent relationships increased to 392 from 388.
The company said C&I and owner-occupied CRE loans accounted for 42% of gross loans, and C&I plus C&I owner-occupied CRE loans made up 41% of the total loan portfolio. Real estate was the largest industry exposure at 36%, followed by service industry at 12% and retail at 8%.
Management highlighted continued shareholder gains: stock price has risen more than 4,300% since the 2005 capital raise, and the company said the annual dividend has increased every year since the 2014 IPO. The market has reacted to these announcements by moving the company's shares 0.48% to a price of $77.57. Check out the company's full 8-K submission here.
