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SERVISFIRST BCS   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Interest and fees on loans362.66354.31305.37246.68200.46171.30136.07118.29100.4682.29
Taxable securities22.1217.0112.659.125.344.334.503.894.815.72
Nontaxable securities0.741.432.412.953.303.503.493.413.252.94
Federal funds sold0.336.043.101.691.010.130.160.130.200.18
Other interest and dividends3.1712.023.092.322.790.720.510.370.310.28
Total Interest Income389.02390.80326.63262.76212.90179.98144.73126.08109.0291.41
Deposits45.2390.9655.5028.8320.1714.8912.4211.8312.2513.05
Borrowed funds5.7612.208.456.505.642.811.701.792.653.03
Total Interest Expense50.99103.1663.9535.3325.8117.7014.1213.6214.9016.08
Net Interest Income338.04287.65262.68227.42187.10162.27130.61112.4694.1275.33
Provision for loan losses42.4322.6421.4023.2313.4012.8510.2613.019.108.97
Net interest income after provision for loan losses295.60265.01241.28204.20173.70149.42120.3599.4585.0266.36
Service charges on deposit accounts7.537.036.555.705.365.094.273.232.762.29
Securities Gains--0.030.19--0.000.030.000.130.000.67
Mortgage banking8.754.362.783.843.732.682.052.513.562.37
Other Operating Income1.621.741.241.102.691.082.372.141.701.21
Increase in cash surrender value life insurance6.313.753.133.132.792.622.281.991.620.39
Credit card income5.927.085.553.592.452.07--------
Total Non Interest Income30.1223.9819.4417.3617.0113.5810.9710.019.646.93
Salaries and employee benefits61.4157.7851.8547.6043.9638.9131.0226.3222.5919.52
Equipment and occupancy expense10.079.278.428.027.996.395.555.204.013.70
FDIC and other regulatory assessments4.352.983.873.923.402.662.091.801.601.80
Other real estate owned expense2.160.420.790.320.761.231.531.432.730.82
Merger expense----------2.100.000.00----
Other Operating Expenses15.4916.2114.6321.1319.8120.1014.7110.9310.7210.41
Professional services4.244.243.653.223.982.612.441.811.461.21
Third party processing and other services13.7811.238.67--------------
Total noninterest expenses111.51102.1391.8884.2179.8974.0057.3447.4943.1037.46
Income Before Income Taxes214.21186.86168.84137.35110.8289.0173.9861.9851.5735.83
Provision for income taxes44.6437.6231.9044.2629.3425.4721.6020.3617.1212.39
Current tax expense - Federal50.0236.6843.2127.9529.8128.5225.9321.2617.9912.05
Current tax expense - State4.352.012.952.261.251.820.690.901.311.58
Deferred tax expense (benefit) - Federal(9.34)(0.17)(12.64)17.07(0.66)(3.28)(3.78)(1.62)(2.00)(1.10)
Deferred tax expense (benefit) - State(0.39)(0.91)(1.62)(3.03)(1.07)(1.60)(1.24)(0.19)(0.18)(0.14)
Income tax expense Current----------30.3426.6222.16----
Income tax expense Deferred----------(4.88)(5.02)(1.81)----
Consolidated Net Income (Loss)169.57149.24136.9493.0981.4863.5452.3841.6234.4523.44
Dividends on Preferred Stock0.060.060.060.060.050.280.430.420.400.20
Net Income (Loss) Available to Common Shareholders169.51149.18136.8893.0381.4363.2651.9541.2034.0523.24
Net Earnings Per Share (Basic)3.152.792.571.761.551.231.091.000.950.67
Net Earnings Per Share (Diluted)3.132.762.531.721.521.201.050.950.830.59
Weighted Average Shares Outstanding (Basic)53.8453.5353.1752.8952.4551.4347.7141.2135.9834.56
Weighted Average Shares Outstanding (Diluted)54.2254.1054.1754.1253.6152.8949.6443.6141.6540.49