SFBS FY 2015 Earnings Report — ServisFirst Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

ServisFirst Bancshares, Inc.SFBS

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$187M	—	$151M	—	23.4%
Op. Income	$89M	—	$74M	—	20.3%
Gross Margin	83.6%	—	83.9%	—	-0.3pp
Net Margin	34.1%	—	34.6%	—	-0.6pp
EPS (Diluted)	$1.20	—	$1.05	—	14.3%
Free Cash Flow	$71M	—	$64M	—	10.9%

Revenue Flow

Item	Amount
REVENUE	$187M
Cost of Revenue	$31M
GROSS PROFIT	$156M
R&D Expenses	$0
Selling & Marketing	$562.0K
General & Administrative	$42M
SG&A Expenses	$43M
Other Expenses	$24M
Operating Expenses	$67M
Cost & Expenses	$98M
OPERATING INCOME	$89M
Interest Income	$180M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$25M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$3M
EBIT	$89M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$187M
Cost of Revenue	$31M
GROSS PROFIT	$156M
R&D Expenses	$0
Selling & Marketing	$562.0K
General & Administrative	$42M
SG&A Expenses	$43M
Other Expenses	$24M
Operating Expenses	$67M
Cost & Expenses	$98M
OPERATING INCOME	$89M
Interest Income	$180M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$25M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$3M
EBIT	$89M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	-$5M
Other Non-Cash Items	$14M
Change in Working Capital	-$500.0K
OPERATING CASH FLOW	$76M
Capital Expenditure	-$6M
Acquisitions (Net)	-$12M
Purchases of Investments	-$89M
Sales/Maturities of Investments	$65M
Other Investing Activities	-$708M
NET CASH FROM INVESTING	-$749M
Net Debt Issuance	$34M
Common Stock Repurchased	-$40M
Common Dividends Paid	-$6M
Other Financing Activities	$741M
NET CASH FROM FINANCING	$730M
FREE CASH FLOW	$71M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$317M
Short-Term Investments	$343M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$674M
PP&E (Net)	$19M
Goodwill	$14M
Intangible Assets	$2M
Long-Term Investments	$4.2B
Tax Assets	$23M
Other Non-Current Assets	$150M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.1B
Account Payables	$2M
Short-Term Debt	$352M
Deferred Revenue	$0
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$56M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$68M
TOTAL LIABILITIES	$4.6B
Common Stock	$26.0K
Additional Paid-In Capital	$212M
Retained Earnings	$234M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$449M
Minority Interest	$377.0K
TOTAL EQUITY	$449M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$408M
Net Debt	$91M