ServisFirst Bancshares, Inc. (SFBS) is a well-respected publicly-traded bank holding company in the United States, headquartered in Birmingham, Alabama. Founded in 2005 by Tom Broughton, it has expanded significantly over a relatively short time frame, establishing itself as a leading player in the banking and financial sector. It now operates with more than twenty locations across the U.S. with an estimated market capitalization of over $4 billion as of 2021.
The central motto of ServisFirst Bancshares Inc. is to deliver exemplary customer service alongside sound financial guidance, always putting service first, as per the implication of the company's name. SFBS is committed to providing a wide array of financial products and services that cater to both individual customers and businesses. These services comprise personal and business banking, Treasury and cash management, mortgages, home equity loans, credit cards, and other various financial solutions.
In a volatile operating environment that the banking industry often finds itself in, ServisFirst’s strong financial performance, prudent lending practices, and secure risk profile have contributed to its growing reputation. Since its inception, the company has demonstrated consistent growth in terms of assets, deposits, and earnings. Its solid financial footing is supported by strong asset quality, robust capital ratios, a high efficiency ratio, and consistently strong profitability.
However, beyond its financial commitment, SFBS is also dedicated to community development and support. It continues to invest capital and employee time back into the communities it serves, reinforcing the importance of sustainable development and maintaining a positive social impact.
ServisFirst Bancshares Inc. also operates ServisFirst Bank, a full service commercial bank that opened its doors in May 2005. The bank was charted to serve the commercial banking needs of the local community and has seen significant growth since its establishment. ServisFirst Bank prides itself on its solid capital foundation, experienced management team, and sound risk management principles.
In a relatively short span of time, ServisFirst Bancshares Inc. has proven itself a formidable player in the financial market. By creating a customer-centric culture, maintaining robust financial principles, and focussing on meaningful community connections, ServisFirst has affirmed a reputational solidity that is set to ensure the company's continued success moving forward. Despite the challenges the banking industry faces, the future looks promising for ServisFirst Bancshares, Inc.