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ServisFirst Bancshares
ServisFirst Bancshares

-9.94%

Financial services / Banking and Financial Services

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Overview
ServisFirst Bancshares, Inc. is a bank holding company that operates through its subsidiary ServisFirst Bank. Founded in 2005, ServisFirst Bank is a full-service commercial bank that provides lending, deposit, cash management, and other banking services to businesses and individuals. The company is headquartered in Birmingham, Alabama and has branches in Alabama, Florida, Georgia, Tennessee, and South Carolina.
ServisFirst Bancshares focuses on providing personalized banking services and building long-term relationships with its clients. The company offers a variety of products and services, including commercial and industrial lending, commercial real estate lending, personal banking, and wealth management.
The company has a strong financial track record, with consistent growth in assets, loans, and deposits. ServisFirst Bancshares has been recognized as one of the top performing banks in the country by various publications, such as Forbes and Bank Director Magazine.
In addition to its banking services, ServisFirst Bancshares is committed to giving back to the communities it serves. The company has a dedicated Community Relations Team that works to support local non-profit organizations through donations, volunteer work, and community events.
Overall, ServisFirst Bancshares is a reputable financial institution that prides itself on providing excellent customer service, strong financial performance, and community involvement.
What is special about the company?
1. Well-established and growing company: ServisFirst Bancshares has been in operation since 2005 and has seen consistent growth and success over the years. It currently operates 25 full-service banking offices across five states.
2. Strong financial performance: The company has a strong track record of financial performance, with consistent growth in earnings and an above-average return on equity.
3. Customer-focused approach: ServisFirst Bancshares places a strong emphasis on customer service and building long-term relationships with its clients. This has helped the company maintain a high customer retention rate.
4. Diverse and experienced leadership team: The company’s leadership team has a wealth of experience and expertise in the banking industry, providing a strong foundation for its operations.
5. Focus on technology and innovation: ServisFirst Bancshares has a strong focus on leveraging technology to enhance its services and improve the customer experience. This has helped the company stay competitive in a rapidly evolving banking landscape.
6. Community involvement: The company is committed to making a positive impact in the communities it serves through various initiatives and partnerships, demonstrating its commitment to social responsibility.
7. Strong credit quality: ServisFirst Bancshares has a low level of non-performing assets and maintains a strong credit quality, further highlighting the company’s stability and impressive financials.
8. Commitment to shareholders: The company has a track record of consistently returning value to its shareholders through dividend payments and share buybacks.
9. Award-winning company: ServisFirst Bancshares has received numerous awards and accolades, including being named one of the Top 50 Best Banks to Work For by American Banker and one of America’s Best Banks by Forbes.
10. Strong culture and values: The company prides itself on its strong culture and values, which include a focus on integrity, teamwork, and innovation. This has helped create a positive work environment and a loyal customer base.
What the company's business model?
ServisFirst Bancshares is a bank holding company that operates through its subsidiary ServisFirst Bank. Their business model primarily focuses on providing commercial and personal banking services to individuals and small to mid-sized businesses. This includes a range of financial products such as deposit accounts, loans, credit cards, and wealth management services.
The company differentiates itself from traditional banks by focusing on relationship-based banking, where personalized and high-quality customer service is prioritized. They also offer innovative technology solutions to enhance the banking experience for their customers.
In addition to core banking services, ServisFirst Bancshares also offers specialized services such as private banking, mortgage services, and treasury management for businesses. They primarily serve the Southeastern region of the United States, with a strong presence in Alabama, Florida, Georgia, and Tennessee.
Overall, the company’s business model is centered around providing reliable and convenient banking services, building strong customer relationships, and fostering growth and profitability for both their clients and shareholders.
Interesting facts about the company
1. ServisFirst Bancshares is a regional bank holding company headquartered in Birmingham, Alabama. It was founded in 2005 by a group of banking veterans with the vision of creating a commercial bank that focused on exceptional customer service and relationship-based banking.
2. The company operates as the parent company of ServisFirst Bank, a wholly-owned subsidiary with over 50 full-service offices located in Alabama, Tennessee, Florida, and Georgia.
3. ServisFirst Bancshares is listed on the NASDAQ Global Select Market under the ticker symbol SFBS. It is a component of the Russell 2000 Index, the S&P SmallCap 600 Index, and the KBW Nasdaq Regional Banking Index.
4. ServisFirst Bank has consistently received recognition for its financial performance and customer service. It has been named the best bank in Alabama and one of the top performing banks in the nation by various publications, including Forbes, American Banker, and Bank Director.
5. The company’s growth strategy focuses on organic growth, as well as strategic acquisitions. In 2018, ServisFirst Bancshares completed two strategic acquisitions, increasing its total assets by over $1.5 billion.
6. The company also places a strong emphasis on giving back to its communities. Through its ServisFirst Bank Charitable Giving Fund, the company supports various non-profit organizations and initiatives in the areas of education, health and human services, and the arts.
7. ServisFirst Bank also has a strong commitment to environmental sustainability. It has implemented various initiatives to reduce its environmental impact, such as using energy-efficient lighting and HVAC systems in its facilities and offering paperless banking options to its customers.
8. In 2020, ServisFirst Bancshares was recognized as one of Fortune’s 100 Fastest-Growing Companies, ranking at number 25. This marks the fifth consecutive year that the company has been included on the list.
9. The company’s board of directors is composed of successful business leaders from various industries, including banking, real estate, and healthcare. Its leadership team also includes experienced professionals with backgrounds in commercial and retail banking, wealth management, and operations.
10. As of December 2020, ServisFirst Bancshares had total assets of approximately $12.9 billion, total deposits of approximately $10.2 billion, and total loans of approximately $7.5 billion. It has a strong track record of financial stability and profitability, with a return on equity of 13.98% in 2020.
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