Peer Analysis

Performance Ratios (%)	SFBS	Peer Median	Peer Average
ROAA	1.79	0.93	1.06
ROAE	19.88	7.93	8.71
Net Interest Margin	3.59	3.72	3.79
Efficiency Ratio	32.44	54.55	54.29
Loans / Deposits	94.10	95.51	97.03
Asset Quality Ratios (%)
NPAs / Assets	0.35	0.68	0.69
NCOs / Avg Loans	0.24	0.10	0.08
Reserves / Loans	1.02	0.54	0.59
Reserves / NPAs	236.14	76.92	77.84
Capital Ratios (%)
Tier 1 Capital	10.19	12.20	11.97
Tangible Equity / Tangible Assets	8.76	9.69	9.74
Total Equity / Total Assets	8.91	12.73	12.61
Market Ratios
Price / Earnings (x)	12.69	15.46	14.89
Price / Book (%)	228.56	118.27	120.96
Dividend Yield (%)	1.81	0.94	1.00

Data for trailing four quarters

ServisFirst Bancshares, Inc.'s peer group consists of the following: Atlantic Union Bankshares Corporation (AUB), BNC Bancorp (BNCN), Capital Bank Financial Corp., FCB Financial Holdings, Inc., First Bancorp (FBNC), HomeTrust Bancshares, Inc. (HTBI), National Commerce Corporation, Park Sterling Corporation, USAmeriBancorp, Inc., Yadkin Financial Corporation

ServisFirst Bancshares, Inc.'s financial data is as of 6/30/2019.

Peer financial data is as of 6/30/2019 except for these companies:

Atlantic Union Bankshares Corporation's financial data is as of 9/30/2019.
BNC Bancorp's financial data is as of 3/31/2017.
USAmeriBancorp, Inc.'s financial data is as of 12/31/2017.
Yadkin Financial Corporation's financial data is as of 12/31/2016.
National Commerce Corporation's financial data is as of 12/31/2018.
FCB Financial Holdings, Inc.'s financial data is as of 12/31/2018.
Capital Bank Financial Corp.'s financial data is as of 9/30/2017.
Park Sterling Corporation's financial data is as of 9/30/2017.