SFBS FY 2017 Earnings Report — ServisFirst Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

ServisFirst Bancshares, Inc.SFBS

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$275M	—	$223M	—	23.4%
Op. Income	$137M	—	$111M	—	23.9%
Gross Margin	78.7%	—	82.4%	—	-3.7pp
Net Margin	33.8%	—	36.5%	—	-2.7pp
EPS (Diluted)	$1.72	—	$1.52	—	13.2%
Free Cash Flow	$97M	—	$76M	—	27.5%

Revenue Flow

Item	Amount
REVENUE	$275M
Cost of Revenue	$59M
GROSS PROFIT	$217M
R&D Expenses	$0
Selling & Marketing	$716.0K
General & Administrative	$52M
SG&A Expenses	$53M
Other Expenses	$27M
Operating Expenses	$79M
Cost & Expenses	$138M
OPERATING INCOME	$137M
Interest Income	$263M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$137M
Income Tax Expense	$44M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$3M
EBIT	$137M
EBITDA	$140M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$275M
Cost of Revenue	$59M
GROSS PROFIT	$217M
R&D Expenses	$0
Selling & Marketing	$716.0K
General & Administrative	$52M
SG&A Expenses	$53M
Other Expenses	$27M
Operating Expenses	$79M
Cost & Expenses	$138M
OPERATING INCOME	$137M
Interest Income	$263M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$137M
Income Tax Expense	$44M
Net Income from Continuing Ops	$93M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$93M
D&A	$3M
EBIT	$137M
EBITDA	$140M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$93M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	$14M
Other Non-Cash Items	$27M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	-$149M
Sales/Maturities of Investments	$94M
Other Investing Activities	-$966M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$10M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	$618M
NET CASH FROM FINANCING	$617M
FREE CASH FLOW	$97M
Net Change in Cash	-$306M

Balance Sheet

Item	Amount
Cash & Equivalents	$238M
Short-Term Investments	$538M
Net Receivables	$21M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$797M
PP&E (Net)	$59M
Goodwill	$0
Intangible Assets	$15M
Long-Term Investments	$5.8B
Tax Assets	$13M
Other Non-Current Assets	$401M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$7.1B
Account Payables	$5M
Short-Term Debt	$302M
Deferred Revenue	$0
Other Current Liabilities	$6.1B
TOTAL CURRENT LIABILITIES	$6.4B
Long-Term Debt	$65M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$76M
TOTAL LIABILITIES	$6.5B
Common Stock	$53.0K
Additional Paid-In Capital	$218M
Retained Earnings	$390M
Treasury Stock	$0
Accum. Other Comp. Income	-$198.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$607M
Minority Interest	$502.0K
TOTAL EQUITY	$608M
TOTAL LIABILITIES & EQUITY	$7.1B
Total Debt	$367M
Net Debt	$129M