ServisFirst Bank Fourth Quarter Newsletter: Happenings & Successes

ServisFirst Bank clients, prospects, directors and supporters,

The fourth quarter of 2025 marked a significant close to a year defined by sustained progress at ServisFirst Bank. A key milestone was our expansion into the Texas market, broadening our geographic footprint and positioning the Bank for continued opportunity in an important growth region.

The quarter also reflected meaningful leadership advancements and internal promotions, reinforcing our commitment to developing talent and supporting long-term success. Together, these achievements capped a year of momentum and disciplined execution, strengthening the foundation on which we continue to build.

Looking ahead, ServisFirst Bank remains focused on strategic initiatives, strong leadership, and delivering relationship-driven banking solutions that support our clients, communities, and shareholders.

EARNINGS

ServisFirst Bancshares, Inc. Announces Results

For Fourth Quarter of 2025

Fourth Quarter 2025 Highlights

Diluted earnings per share of $5.06 for 2025, up 22% over 2024, and adjusted diluted earnings per share of $5.25 for 2025, up 26% over 2024.
Net interest margin of 3.38%, up 42 basis points from the fourth quarter of 2024 and 29 basis points from the third quarter of 2025.
Loans grew by $384.9 million, or 12% annualized, during the quarter.
Book value per share of $33.87, up 14% from the fourth quarter of 2024 and 15% annualized, from the third quarter of 2025.
Liquidity remains strong with $1.63 billion in cash and cash equivalent assets, 9% of our total assets, and no FHLB advances or brokered deposits.
Consolidated common equity tier 1 capital to risk-weighted assets increased from 11.49% to 11.65% year-over-year.
Return on average common stockholders’ equity improved to 18.9%, from 16.3% for the fourth quarter of 2024 and from 14.9% for the third quarter of 2025 (or an Adjusted return on average common stockholders’ equity of 16.2% for the third quarter of 2025*).

More detailed financials are linked below.

ANNOUNCEMENTS

ServisFirst Bank Announces Expansion Into Texas

ServisFirst Bank is pleased to announce its expansion into Texas with the opening of a new office in Houston. This strategic move marks a significant milestone in the Bank's continued growth and reflects its commitment to serving clients in one of the country's most dynamic commercial markets.

To lead the Bank's entry into Texas, ServisFirst Bank has appointed Christopher Dvorachek as Regional CEO, Texas & Executive Vice President. Chris brings three decades of commercial banking experience with extensive expertise in delivering strategic financial solutions, driving market expansion, recruiting and developing high-performing teams, and leading new-market growth initiatives.

ServisFirst Bank Unveils Leadership

Advancements Companywide

ServisFirst Bank announced several key leadership appointments to support its continued growth and long-term strategy. The Bank named Hal Clemmer as Chief Banking Officer, Bart McBride as Sales Manager, and Harrison Morris as Regional CEO, South Alabama, strengthening leadership across core and expanding markets.

Hal Clemmer will lead the Bank’s overall banking strategy and enterprise-wide growth initiatives, bringing more than 35 years of commercial banking experience. Bart McBride will oversee enterprise sales strategy and production across all markets, leveraging more than two decades of experience with ServisFirst Bank. Harrison Morris will direct regional strategy and commercial banking leadership across South Alabama, continuing his long-standing role in building and expanding ServisFirst’s footprint throughout the Southeast.

These appointments reinforce ServisFirst Bank’s focus on sustainable expansion, strong client relationships, and operational excellence as it continues to expand across Alabama and beyond.

ServisFirst Bank Huntsville Announces New Regional CEO

ServisFirst Bank is pleased to announce the appointment of Jim Holtkamp as Regional CEO, Huntsville and Executive Vice President.

“Jim has played an essential role in the development and success of our Huntsville market,” states Tom Broughton, ServisFirst Bank Chairman, CEO, and President. “His dedication, experience, and commitment to exceptional client service exemplify the ServisFirst standard. We are proud to see him step into this expanded leadership role.”

In his new role, Holtkamp will lead ServisFirst Bank’s regional banking strategy, commercial market expansion, and client-focused growth initiatives across North Alabama. With more than 20 years of banking experience, he has been a key contributor to the Bank’s success in Huntsville for nearly 15 years, most recently serving as Senior Lender and Manager of Sales.