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ServisFirst Bancshares (SFBS) Reports Earnings Tomorrow: What To Expect

SFBS Cover Image

Regional banking company ServisFirst Bancshares (NYSE: SFBS) will be reporting results this Tuesday after the bell. Here’s what to look for.

ServisFirst Bancshares missed analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $144.1 million, up 16.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ net interest income estimates and a significant miss of analysts’ EPS estimates.

Is ServisFirst Bancshares a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting ServisFirst Bancshares’s revenue to grow 15% year on year to $151.8 million, slowing from the 21% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.38 per share.

ServisFirst Bancshares Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ServisFirst Bancshares has missed Wall Street’s revenue estimates three times over the last two years.

Looking at ServisFirst Bancshares’s peers in the regional banks segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 8.1%, beating analysts’ expectations by 3.2%, and BOK Financial reported revenues up 12.2%, topping estimates by 7.1%. First Horizon traded up 102% following the results while BOK Financial was down 6.8%.

Read our full analysis of First Horizon’s results here and BOK Financial’s results here.

Investors in the regional banks segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. ServisFirst Bancshares is up 5.3% during the same time and is heading into earnings with an average analyst price target of $88 (compared to the current share price of $78.29).

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