ServisFirst Bancshares, Inc. Earnings Per Share Disclosure
NOTE 18. EARNINGS PER COMMON SHARE
Basic earnings per common share are computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable pursuant to the exercise of stock options and vesting of performance shares. The difference in earnings per share under the two-class method was not significant at December 31, 2025, 2024 and 2023.
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Year Ended December 31, |
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2025 |
2024 |
2023 |
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(Dollar Amounts In Thousands Except Per Share Amounts) |
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Earnings Per Share |
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Weighted average common shares outstanding |
54,609,237 | 54,528,302 | 54,411,171 | |||||||||
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Net income available to common stockholders |
$ | 276,541 | $ | 227,180 | $ | 206,791 | ||||||
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Basic earnings per common share |
$ | 5.06 | $ | 4.17 | $ | 3.80 | ||||||
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Weighted average common shares outstanding |
54,609,237 | 54,528,302 | 54,411,171 | |||||||||
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Dilutive effects of assumed exercise of stock options and vesting of performance shares |
57,037 | 95,932 | 124,144 | |||||||||
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Weighted average common and dilutive potential common shares outstanding |
54,666,274 | 54,624,234 | 54,535,315 | |||||||||
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Net income available to common stockholders |
$ | 276,541 | $ | 227,180 | $ | 206,791 | ||||||
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Diluted earnings per common share |
$ | 5.06 | $ | 4.16 | $ | 3.79 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 3, 2025 | |
| 2023 | Mar 1, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 25, 2020 | |
| 2018 | Feb 28, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.