Peer Analysis

Performance Ratios (%)	SFBS	Peer Median	Peer Average
ROAA	1.74	1.11	1.04
ROAE	19.44	8.72	8.93
Net Interest Margin	3.49	3.61	3.54
Efficiency Ratio	32.56	58.62	59.76
Loans / Deposits	90.91	90.94	91.20
Asset Quality Ratios (%)
NPAs / Assets	0.49	0.49	0.89
NCOs / Avg Loans	0.30	0.07	0.11
Reserves / Loans	1.10	0.80	0.80
Reserves / NPAs	173.32	74.12	176.38
Capital Ratios (%)
Tier 1 Capital	10.39	13.70	13.36
Tangible Equity / Tangible Assets	8.86	10.26	10.28
Total Equity / Total Assets	9.00	11.49	12.16
Market Ratios
Price / Earnings (x)	13.85	15.92	16.19
Price / Book (%)	244.60	127.48	127.87
Dividend Yield (%)	1.89	0.35	0.75

Data for trailing four quarters

ServisFirst Bancshares, Inc.'s peer group consists of the following: Amerant Bancorp Inc. (AMTB), Carter Bank & Trust (CARE), Community Bankers Trust Corporation (ESXB), First Bancorp (FBNC), Franklin Financial Network, Inc. (FSB), FVCBankcorp, Inc. (FVCB), Seacoast Banking Corporation of Florida (SBCF), SmartFinancial, Inc. (SMBK), TGR Financial, Inc. (TGRF), WesBanco, Inc. (WSBC)

ServisFirst Bancshares, Inc.'s financial data is as of 9/30/2019.

Peer financial data is as of 9/30/2019