sfbs20260401_def14a.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities

Exchange Act of 1934 (Amendment No. ____ )

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement.

☐ Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)).

☒ Definitive Proxy Statement.

☐ Definitive Additional Materials.

☐ Soliciting Material under § 240.14a-12.

SERVISFIRST BANCSHARES, INC.

(Name of Registrant as Specified In Its Charter)

______________________________________________________________________________________

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒ No fee required.

☐ Fee paid previously with preliminary materials.

☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(l) and 0-11.

SERVISFIRST BANCSHARES, INC.

2500 Woodcrest Place
Birmingham, Alabama 35209

April 6, 2026

Dear Fellow Stockholder:

You are cordially invited to attend the Annual Meeting of Stockholders of ServisFirst Bancshares, Inc. Our Annual Meeting will be held at our corporate headquarters, located at 2500 Woodcrest Place, Birmingham, Alabama 35209, on Monday, May 18, 2026, at 9:00 a.m., Central Daylight Time.

Our proxy materials describe the formal business to be transacted at the Annual Meeting. Many of our directors and officers will be present to answer any questions that you and other stockholders may have. Included in the materials is our Annual Report to Stockholders, which contains detailed information concerning our activities and operating performance, including our Annual Report on Form 10-K for the year ended December 31, 2025.

The business to be conducted at the Annual Meeting consists of: (1) the election of seven directors; (2) an advisory vote on the compensation of our named executive officers; (3) the ratification of the appointment of Forvis Mazars, LLP as our independent registered public accounting firm for the year ending December 31, 2026; and (4) such other business as may properly come before the Annual Meeting. Our Board of Directors unanimously recommends a vote “FOR” the election of the director nominees; “FOR” the “Say on Pay” advisory vote approving the compensation of our named executive officers; and “FOR” the ratification of the appointment of Forvis Mazars, LLP as our independent registered public accounting firm for the year ending December 31, 2026.

You may vote your shares by following your broker’s voting instructions, by submitting voting instructions by telephone or by Internet, by voting in person at the Annual Meeting or, if you requested to receive printed proxy materials, by completing and returning your proxy card. Instructions regarding the methods of voting are contained in the enclosed Proxy Statement and on the Notice of Internet Availability of Proxy Materials or proxy card.

It is important that your shares be represented at the Annual Meeting. On behalf of our Board of Directors, we request that you vote your shares now, even if you currently plan to attend the Annual Meeting. This will not prevent you from voting in person, but will assure that your vote is counted. Your vote is important.

The proxy materials are first being made available to stockholders on or about April 6, 2026.

Sincerely,

Thomas A. Broughton, III

Chairman, President and Chief Executive Officer

SERVISFIRST BANCSHARES, INC.

2500 Woodcrest Place
Birmingham, Alabama 35209

NOTICE OF 2026 ANNUAL MEETING OF STOCKHOLDERS

Date and Time:	Monday, May 18, 2026 9:00 a.m., Central Daylight Time

Place:	2500 Woodcrest Place Birmingham, Alabama 35209

Items of Business:	1. To elect the seven nominees listed in the accompanying Proxy Statement to serve on our Board of Directors until the next Annual Meeting of Stockholders or until their successors are duly elected and qualified. 2. To conduct a “Say on Pay” advisory vote on the compensation of our named executive officers. 3. To ratify the appointment of Forvis Mazars, LLP as our independent registered public accounting firm for the year ending December 31, 2026. 4. To transact such other business as may properly come before the 2026 Annual Meeting or any postponement or adjournment thereof. Our board of directors unanimously recommends a vote “FOR” the election of the director nominees, “FOR” the “Say on Pay” advisory vote approving the compensation of our named executive officers, and “FOR” the ratification of the appointment of Forvis Mazars, LLP as our independent registered public accounting firm for the year ending December 31, 2026.

Record Date:	March 25, 2026

Voting by Proxy:	IT IS IMPORTANT THAT YOU SUBMIT VOTING INSTRUCTIONS BY TELEPHONE OR BY INTERNET OR, IF YOU REQUESTED TO RECEIVE PRINTED PROXY MATERIALS, BY RETURNING YOUR PROXY CARD. PLEASE VOTE BY TELEPHONE OR BY INTERNET, SUBMIT VOTING INSTRUCTIONS OR SIGN, DATE AND RETURN THE PROXY CARD AS SOON AS POSSIBLE WHETHER OR NOT YOU EXPECT TO ATTEND THE ANNUAL MEETING IN PERSON TO ENSURE YOUR VOTE IS COUNTED. STOCKHOLDERS OF RECORD WHO VOTE OVER THE TELEPHONE OR THE INTERNET, SUBMIT VOTING INSTRUCTIONS OR EXECUTE A PROXY CARD MAY NEVERTHELESS ATTEND THE ANNUAL MEETING, REVOKE THEIR PROXY AND VOTE THEIR SHARES IN PERSON.

Internet Availability of Proxy Materials:	*Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to be Held on May 18, 2026:* The solicitation of the enclosed proxy is made on behalf of the Board of Directors for use at the Annual Meeting to be held on May 18, 2026. It is expected that this Proxy Statement and related materials will first be provided to stockholders on or about April 6, 2026. Our Proxy Statement, form of proxy, and 2025 Annual Report on Form 10-K are available at: www.investorvote.com/SFBS.

By Order of the Board of Directors,

Thomas A. Broughton, III

Chairman, President and Chief Executive Officer

Birmingham, Alabama
April 6, 2026

TABLE OF CONTENTS

SUMMARY	1

Agenda and Voting Recommendations	1
Voting Your Shares	2
Vote Required to Elect Directors and to Pass Proposals	2
Additional Information	3

PROPOSAL 1: ELECTION OF DIRECTORS	3

Annual Election of Directors	3

CORPORATE GOVERNANCE	6

Governance Practices	6
Director Resignation Policy	7
Incentive Compensation Clawback Policy	7
Stock Ownership of Board and Executives	7
Insider Trading Policy	8
Policies Against Hedging and Pledging Activities	8

Board Independence	8

The Role of Our Board of Directors	9
Board Leadership Structure	9
The Board’s Role in Risk Oversight	10
The Board’s Role in Human Capital Management	10

Board Committees and Their Functions	11
Audit Committee	11
Compensation Committee	11
Corporate Governance and Nominations Committee	12
Compensation Committee Interlocks and Insider Participation	13
Director Attendance	13

Certain Relationships and Related Transactions	13

Code of Conduct for Directors and Employees	14

Communications with the Board	14

DIRECTOR COMPENSATION	14

Annual Retainers and Meeting Fees for 2025	15
Director Compensation for 2025	15

OWNERSHIP OF SERVISFIRST COMMON STOCK BY DIRECTORS, OFFICERS AND CERTAIN BENEFICIAL OWNERS	16

Delinquent Section 16(a) Reports	17

PROPOSAL 2: ADVISORY VOTE ON COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS	17

EXECUTIVE OFFICERS	18

Information About Our Executive Officers	18

EXECUTIVE COMPENSATION	18

Compensation Discussion and Analysis (CD&A)	18
Compensation Philosophy and Objectives	18
Stockholder Approval of Say on Pay Proposal	19
Named Executive Officers	19
2025 Business Results	20
2025 Compensation Objectives	20
Equity Grant Timing Practices	21
Role of Compensation Committee	21
Role of Compensation Consultant	22
Elements of our Compensation Program	22
Key Compensation Policies and Supplemental Information	23
Peer Group Benchmarking	23
Annual Base Salary	25
Annual Incentive Compensation	25
Equity-Based Incentive Compensation	27
Change in Compensation Structure for 2026	29
Severance and Change in Control	30

Compensation Committee Report	30

Compensation Tables	32

Summary Compensation Table	32

Grants of Plan-Based Awards for Fiscal 2025	33

Outstanding Equity Awards at 2025 Fiscal Year-End	33

Option Exercises and Stock Vested for Fiscal 2025	34

Pension Benefits	35

Nonqualified Deferred Compensation Plans	35

Chief Executive Officer Pay Ratio	35

Pay Versus Performance Disclosure	35

Effect of Compensation Policies and Practices on Risk Management and Risk-Taking Incentives	39

Potential Payments Upon Termination or Change in Control	40
Change in Control Agreements	40
Termination Other than Due to Change in Control	41
Endorsement Split-Dollar Agreements	41
Estimated Payments upon a Termination or Change in Control	42

iii

PROPOSAL 3: RATIFY APPOINTMENT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	44

Independent Registered Public Accounting Firm Fees	44
Independent Registered Public Accounting Firm	44
Audit and Non-Audit Services Pre-Approval Policy	44

Audit Committee Report	45

GENERAL INFORMATION	46

Questions and Answers About the 2026 Annual Meeting and Voting	46

Annual Report on Form 10-K	49

Stockholder Proposals	49

Solicitation of Proxies	49

We include website addresses throughout this proxy statement for reference only. The information contained or referenced on our website and other websites mentioned in this proxy statement are not a part of this proxy statement and are not deemed incorporated by reference into this proxy statement or any other public filing made with the Securities and Exchange Commission.

SUMMARY

This is a summary of information contained elsewhere in this Proxy Statement. This summary does not contain all information you should consider. Please read this entire Proxy Statement carefully before voting.

ANNUAL MEETING

Date: May 18, 2026

Meeting Agenda:

The meeting will cover the proposals listed under Agenda and Voting Recommendations below, and any other business that may properly come before the meeting.

Place: 2500 Woodcrest Place

Birmingham, AL 35209

Record Date: March 25, 2026

Mailing Date:

This proxy statement was first mailed to stockholders on or about April 6, 2026.

Voting:

Stockholders as of the record date are entitled to vote. Each share of common stock of ServisFirst Bancshares, Inc. is entitled to one vote.

Throughout this Proxy Statement, unless the context indicates otherwise, when we use the terms the “Company,” “we,” “our” or “us,” we are referring to ServisFirst Bancshares, Inc. and its wholly-owned subsidiary, ServisFirst Bank (which we refer to as the “Bank”). When we use the term “Annual Meeting,” we intend to include both the Annual Meeting to be held on the date and at the time and place identified above and any adjournment or postponement of such Annual Meeting.

Agenda and Voting Recommendations

	Proposal 1: Election of Directors

1	The board of directors unanimously recommends a vote FOR each director nominee. The seven director nominees presented in this proposal are recommended for election to the board of directors. Additional information about each director and his or her qualifications may be found on page 3.

				Committee Memberships
Name	Age	Director Since	Primary Occupation	Independent	AC	CC	CGNC
Thomas A. Broughton, III	70	2007	Chairman, President and Chief Executive Officer of ServisFirst Bancshares, Inc. and ServisFirst Bank
J. Richard Cashio	68	2007	Retired Chief Executive Officer of TASSCO, LLC	✓
James J. Filler	82	2007	Retired Chief Executive Officer of Jefferson Iron & Metal Brokerage, Inc.	✓
Betsy Bugg Holloway, Ph.D.	56	2023	Vice President of Samford University	✓
Christopher J. Mettler	50	2019	Founder and President of Sovereign Co.	✓
Hatton C. V. Smith	75	2007	Retired Chief Executive Officer of Royal Cup Coffee; Chief Executive Officer of Back Forty Beer Company	✓
Irma L. Tuder	64	2018	Manager of Tuder Investments, LLC	✓
AC: Audit Committee CC: Compensation Committee CGNC: Corporate Governance & Nominations Committee Committee Chair Committee Member Financial Expert

Proposal 2: Advisory Vote on Named Executive Officer Compensation

Proposal 3: Ratify Appointment of the Independent Registered Public Accounting Firm

The board of directors unanimously recommends a vote FOR the resolution.		The board of directors unanimously recommends a vote FOR the resolution.

Additional information about compensation of our named executive officers may be found on page 18.		Additional information about our independent registered public accounting firm may be found on page 44.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 1

Voting Your Shares

It is important that your shares be voted at the Annual Meeting. Please vote in advance of the Annual Meeting to ensure your shares will be represented. You can vote your shares:

•

By going to the website www.investorvote.com/SFBS and following the instructions for Internet voting on the proxy card or Notice of Internet Availability of Proxy Materials that you received in the mail. You will need the 15-digit control number printed therein. You may also access instructions for telephone voting on the website.

•

By using your mobile device to scan the QR barcode on your proxy card or Notice of Internet Availability of Proxy Materials and following the prompts that appear on your mobile device.

•

If you received a printed copy of the proxy materials, by completing and mailing your proxy card in the prepaid return envelope, or if you reside in the United States or Canada, by dialing 1-800-368-5948 and following the instructions for telephone voting provided by the recorded message at that number. You will need your 15-digit control number printed on your proxy card.

You may vote in person during the Annual Meeting; however, if a broker, bank or other nominee holds your shares, you will need to request a legal proxy from your broker, bank or nominee and bring it to the Annual Meeting. Even if you plan to attend the Annual Meeting in person, please vote by Internet, telephone, or mail in advance of the Annual Meeting to ensure that your shares will be represented.

Vote Required to Elect Directors and to Pass Proposals

Proposal	Voting Options	Vote Required to Elect Directors or to Adopt Proposal	Effect of Abstentions	Effect of Broker Non-Votes
Election of Directors (Proposal 1)	For or Withhold for each director nominee	Directors elected by plurality of votes cast*	No effect	No effect
Approval, on an Advisory Basis, of the Compensation of our Named Executive Officers (Proposal 2)	For, Against or Abstain	Majority of the shares present in person or by proxy and entitled to vote on the subject matter	Same effect as a vote Against	No effect
Ratification of the Appointment of Forvis Mazars, LLP (Proposal 3)	For, Against or Abstain	Majority of the shares present in person or by proxy and entitled to vote on the subject matter	Same effect as a vote Against	Brokers have discretion to vote

* Our director resignation policy requires that any nominees receiving a greater number of “Withhold” votes than “For” votes must promptly tender his or her resignation to the Chairman of the Board of Directors (the “Board”).

Under the General Corporation Law of the State of Delaware, an abstention from voting on any proposal will have the same legal effect as an “against” vote, except for the election of directors, where an abstention has no effect under plurality voting.

A “broker non-vote” occurs if your shares are not registered in your name (that is, you hold your shares in “street name”) and you do not provide the record holder of your shares (usually a bank, broker or other nominee) with voting instructions on any matter as to which a broker may not vote without instructions from you, but the broker nevertheless provides a proxy for your shares. Shares as to which a “broker non-vote” occurs are considered present for purposes of determining whether a quorum exists, but are not considered votes cast or shares entitled to vote with respect to a voting matter.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 2

Additional Information

See “General Information – Questions and Answers About the 2026 Annual Meeting and Voting” for additional information about attending the Annual Meeting and voting your shares.

PROPOSAL 1: ELECTION OF DIRECTORS

Our Board has nominated the seven persons named below, all of whom currently serve as directors, for election as directors at the 2026 Annual Meeting. Each of these nominees has consented to serve as a director if re-elected. Unless otherwise instructed, the proxies intend to vote the proxies received by them for the election of all seven of these nominees. If any nominee identified below becomes unable to serve as a director before the Annual Meeting, the proxies may vote the proxies received by them for the election of a substitute nominee selected by our Board, or the Board may reduce the size of the Board.

Annual Election of Directors

The seven nominees receiving the most votes cast in the election of directors by holders of shares of common stock present or represented by proxy and entitled to vote at the Annual Meeting will be elected to serve as directors of the Company until the next Annual Meeting of Stockholders. As a result, although shares as to which the authority to vote is withheld will be counted, such “withhold” votes will have no effect on the outcome of the election of directors, except with respect to our director resignation policy.

Information regarding directors and director nominees and their ages as of the record date is as follows:

					Committee Memberships
Name	Age	Director Since	Primary Occupation	Independent	AC	CC	CGNC
Thomas A. Broughton, III	70	2007	Chairman, President and Chief Executive Officer of ServisFirst Bancshares, Inc. and ServisFirst Bank
J. Richard Cashio	68	2007	Retired Chief Executive Officer of TASSCO, LLC	X	M	M	C,M
James J. Filler	82	2007	Retired Chief Executive Officer of Jefferson Iron & Metal Brokerage, Inc.	X		M
Betsy Bugg Holloway, Ph.D.	56	2023	Vice President of Samford University	X	M		M
Christopher J. Mettler	50	2019	Founder and President of Sovereign Co.	X		M	M
Hatton C. V. Smith	75	2007	Retired Chief Executive Officer, Royal Cup Coffee; Chief Executive Officer of Back Forty Beer Company	X		C,M
Irma L. Tuder	64	2018	Manager of Tuder Investments, LLC	X	C,FE,M		M

AC: Audit Committee CC: Compensation Committee CGNC: Corporate Governance & Nominations Committee

C: Committee Chair M: Committee Member FE: Financial Expert

The business experience and background of each of our nominees follows. Each of the director nominees also serves as a director of the Bank, and Mr. Broughton also serves as Chairman, President and Chief Executive Officer of us and the Bank.

*Thomas A. Broughton, III*
Age: 70	Committees: None	Position: President, CEO and Chairman

Director Since: 2007	Bank Director Since: 2005

Mr. Broughton has served as our President and Chief Executive Officer and a director since 2007 and as President, Chief Executive Officer and a director of the Bank since its inception in May 2005. Mr. Broughton was named Chairman of the Board of the Company and the Bank effective January 1, 2019. Mr. Broughton has spent the entirety of his over 35-year banking career in the Birmingham area. In 1985, Mr. Broughton was named President of the de novo First Commercial Bank. When First Commercial Bank was bought by Synovus Financial Corp. in 1992, Mr. Broughton continued as President and was named Chief Executive Officer of First Commercial Bank. In 1998, he became Regional Chief Executive Officer of Synovus Financial Corp., responsible for the Alabama and Florida markets. In 2001, Mr. Broughton’s Synovus region shifted, and he became Regional Chief Executive Officer for the markets of Alabama, Tennessee and parts of Georgia. He continued his work in this position until his retirement from Synovus in August 2004. Mr. Broughton’s experience in banking has afforded him opportunities to work in many areas of banking and has given him exposure to all bank functions. Mr. Broughton served on the Board of Directors of Cavalier Homes, Inc. from 1986 until 2009, when the Company was sold to a subsidiary of Berkshire Hathaway. We believe that Mr. Broughton’s extensive experience in banking in Alabama and the Southeast, and, in particular, his success in building and growing new banks and developing new markets, makes him highly qualified to serve as a director.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 3

*J. Richard Cashio*
Age: 68	Committees: Audit; Compensation; Corporate Governance and Nominations (Chair)	Position: Director

Director Since: 2007	Bank Director Since: 2005

Mr. Cashio has served as a director of the Company since 2007 and as a director of the Bank since its inception in May 2005. Mr. Cashio has been a private investor since his retirement. Mr. Cashio served as Chief Executive Officer of TASSCO, LLC from 2005 until his retirement in January 2014 and served as the Chief Executive Officer of Tricon Metals & Services, Inc. from 2000 until its sale in October 2008. We believe that Mr. Cashio’s experience as the chief executive officer of successful industrial enterprises allows him to offer our Board both the benefit of his business experience and the perspectives of one of our target customer groups, making him highly qualified to serve as a director.

*James J. Filler*
Age: 82	Committees: Compensation	Position: Lead Independent Director

Director Since: 2007	Bank Director Since: 2005

Mr. Filler has served as a director of the Company since 2007 and as a director of the Bank since its inception in May 2005. In January 2019, following Mr. Broughton becoming Chairman of our Board of Directors, Mr. Filler was appointed to serve as the Board’s Lead Independent Director. Mr. Filler has been a private investor since his retirement in 2006. Prior to his retirement, Mr. Filler spent 44 years in the metals recycling industry with Jefferson Iron & Metal, Inc. and Jefferson Iron & Metal Brokerage Co., Inc. We believe that Mr. Filler’s extensive business experience and strong ties to the Birmingham business community offer us valuable strategic insights and make him highly qualified to serve as a director.

*Betsy Bugg Holloway, Ph.D.*
Age: 56	Committees: Audit; Corporate Governance and Nominations	Position: Director

Director Since: 2023	Bank Director Since: 2023

Dr. Holloway has served as a director of the Company and the Bank since 2023. Dr. Holloway has served as a Vice President for Samford University for the past eleven years and as the Vice President for Advancement and Marketing since July 2022, where she leads all marketing, branding, and philanthropic initiatives for the university. Dr. Holloway currently serves on the Board of Directors and is a member of the executive committee and chair of the nominating committee for Blue Cross & Blue Shield of Alabama and is a member of the Board of Advisors for Founders Advisors. We believe that Dr. Holloway’s extensive business experience, civic engagement in Alabama, and long track record of innovative leadership and operational expertise make her highly qualified to serve as a director.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 4

*Christopher J. Mettler*
Age: 50	Committees: Compensation; Corporate Governance and Nominations	Position: Director

Director Since: 2019	Bank Director Since: 2019

Mr. Mettler has served as a director of the Company and the Bank since October 21, 2019. Mr. Mettler is Founder and President of Sovereign Co., where he leads strategy and business development. Mr. Mettler assumed a full-time role at Sovereign as of April 26, 2019. Sovereign leverages proprietary marketing attribution and artificial intelligence technology to systematically measure thousands of simultaneous marketing messages to display the most relevant products for consumers. Previously, Mr. Mettler founded two marketing and financial technology businesses, CompareCards and SnapCap, both of which were acquired in two separate transactions by LendingTree (Nasdaq: TREE). Mr. Mettler served as President of Iron Horse Holdings LLC from January 1, 2014 until November 16, 2016. Following LendingTree’s acquisition of CompareCards from Iron Horse Holdings in November 2016, Mr. Mettler transitioned to serve as a salaried employee of LendingTree through April 26, 2019. We believe Mr. Mettler’s business experience, his strong background in the financial technology sector and his prior service on our Charleston, South Carolina advisory board makes him highly qualified to serve as a director.

*Hatton C. V. Smith*
Age: 75	Committees: Compensation (Chair)	Position: Director

Director Since: 2007	Bank Director Since: 2005

Mr. Smith has served as a director of the Company since 2007 and as a director of the Bank since its inception in May 2005. Mr. Smith served as the Chief Executive Officer of Royal Cup Coffee from 1996 until 2014 and in various other positions with Royal Cup Coffee prior to 1996. Mr. Smith retired from all positions with Royal Cup Coffee effective February 2020. He currently serves as the Chief Executive Officer of Back Forty Beer Company, which specializes in unique craft beers in the Southeast. Mr. Smith is also involved in many different charities and has served as Chair of the United Way and Chairman of the Baptist Health Foundation. We believe that Mr. Smith’s business experience, his strong roots in the greater Birmingham business and civic community, and his high profile and extensive community contacts in one of our largest markets make him highly qualified to serve as a director.

*Irma L. Tuder*
Age: 64	Committees: Audit (Chair); Corporate Governance and Nominations	Position: Director

Director Since: 2018	Bank Director Since: 2018

Ms. Tuder is currently a private investor. She is the founder, former CEO and Board Chairperson of Analytical Services, Inc. (ASI), a nationally recognized business providing management and technical solutions to federal government agencies. Ms. Tuder successfully led the acquisition of ASI by Arctic Scope Regional Corporation Federal Holding Company in 2007. Ms. Tuder has over 30 years of experience in strategic business planning and execution, executive leadership, financial management and business operations. Prior to founding ASI, Ms. Tuder spent five years as a controller in private industry and five years in public accounting. In addition to her service as a director of the Company and Bank, Ms. Tuder is a member of the Notre Dame Institute for Latino Studies Advisory Council, HudsonAlpha Institute for Biotechnology Board of Directors, University of Alabama in Huntsville (UAH) Foundation Board and UAH Business School Advisory Board. Ms. Tuder received a BBA in accountancy from the University of Notre Dame and MBA from Troy State University in Montgomery. We believe that Ms. Tuder’s extensive background in business, finance and accounting makes her highly qualified to serve as both a director and as Chair of our Audit Committee.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 5

The Board of Directors Unanimously Recommends a Vote “FOR” the Election of Each of the Board Nominees.

CORPORATE GOVERNANCE

Our business is managed under the direction of our Board of Directors. The Board has the legal responsibility for overseeing the affairs and performance of the Company. The primary responsibility of the Board is to exercise their business judgment in what they believe to be in the best interests of the Company and its stockholders.

Governance Practices

Our Board of Directors believes that sound governance practices and policies provide an important framework to assist them in fulfilling their oversight duty. The Corporate Governance Guidelines of ServisFirst Bancshares, Inc. (the “Governance Guidelines”), include a number of the practices and policies under which our Board has operated for many years, together with concepts suggested by various authorities in corporate governance and the requirements under the New York Stock Exchange (“NYSE”) Listed Company Manual and the Sarbanes-Oxley Act of 2002.

Each year, our Board of Directors reviews our Governance Guidelines and other governance documents and modifies them as it deems appropriate. These documents include the Governance Guidelines, the committee charters, our Code of Business Conduct and Ethics, our Related Party Transactions Policy and other key policies and practices. Copies of the currently effective charters for each Board committee, the Code of Business Conduct and Ethics, the Governance Guidelines and certain other corporate governance policies are available on the investor relations section of the Company’s website at www.servisfirstbancshares.com under the “Governance” tab.

Some of the principal subjects covered by our Governance Guidelines include:

•

Director Qualifications, which include: a Board candidate’s independence, experience, knowledge, skills, expertise, integrity, and ability to make independent analytical inquiries; his or her understanding of our business and the business environment in which we operate; and the candidate’s ability and willingness to devote adequate time and effort to Board responsibilities, taking into account the candidate’s employment and other Board commitments.

•

Responsibilities of Directors, which include: acting in the best interests of all stockholders; maintaining independence; developing and maintaining a sound understanding of our business and the industry in which we operate; preparing for and attending Board and Board committee meetings; and providing active, objective and constructive participation at those meetings.

•

Director Access to Management and, as Necessary and Appropriate, Independent Advisors, which covers: encouraging presentations to our Board from the officers responsible for functional areas of our business and from outside consultants who are engaged to conduct periodic reviews of various aspects of our operations or the quality of certain of our assets, such as the Bank’s loan portfolio.

•

Director Orientation and Continuing Education, such as: programs to familiarize directors with any changes to our business, strategic plans, and significant financial, accounting and risk management issues; our compliance programs and conflicts policies; our Code of Business Conduct and Ethics and our Governance Guidelines. In addition, each director is expected to participate in continuing education programs relating to developments in our business and in corporate governance. For the year ended December 31, 2025, director continuing education programs covered a variety of topics, including, but not limited to, Regulation O, compliance with various banking laws (including anti-money laundering, OFAC compliance, community reinvestment act, fair lending), and information security training.

•

Regularly Scheduled Executive Sessions, without Management, are held by our Board, led by our Lead Independent Director, and by the Audit Committee, which meets separately with our independent auditors.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 6

Director Resignation Policy

Our Director Resignation Policy provides that, in an uncontested election, any director nominee who receives a greater number of “Withhold” votes than votes “For” his or her election shall promptly tender his or her resignation to the Chairman of our Board following the certification of the election results. The Company’s Corporate Governance and Nominations Committee (“CG&N Committee”) will consider the offer of resignation and recommend to the Board whether to accept or reject the resignation. Our Board must act on the recommendation within 90 days following certification of the election results following receipt of the recommendation. After the Board makes a formal decision on the CG&N Committee’s recommendation, the Company must publicly disclose the action on a Current Report on Form 8-K (“Current Report”) within four business days of the decision. If the Board determines to take any action other than accepting such resignation, the Current Report must also include the Board’s rationale supporting its decision. A copy of our Director Resignation Policy is available on the investor relations section of our website www.servisfirstbancshares.com under the “Governance” tab.

Incentive Compensation Clawback Policy

Our Board has approved and adopted a Clawback Policy in compliance with Exchange Act Rule 10D-1 and the NYSE continued listing requirements related to recovery of incentive compensation from the Company’s current and former executive officers under certain circumstances. The Clawback Policy provides that, in the event the Company is required to restate financial results due to material noncompliance with any financial reporting requirement under the securities laws, the Board may adjust future compensation, cancel outstanding awards, seek recoupment of previous awards and take any other remedial and recovery action permitted by law, to recoup all or a portion of any incentive compensation approved, awarded or granted to an executive officer of the Company after the date of adoption of the Clawback Policy and such award, vesting or payment occurred or was received during the three completed fiscal years immediately preceding the date on which the Company is required to prepare the restatement. The Clawback Policy applies when the Compensation Committee has determined that the incentive compensation approved, awarded or granted was predicated upon the achievement of certain financial results that were the subject of the restatement and that a lesser amount of incentive compensation would have been approved, awarded or granted to the executive officer based upon the restated financial results. In each such instance, the Company will seek to recoup the amounts by which an executive officer’s incentive compensation that was awarded, vested or paid during the three-year period referenced above exceeded the amounts that would have been awarded, vested or paid based on the restated financial results.

Stock Ownership of Board and Executives

Long-term stock ownership is deeply engrained in our culture and reflects our Board’s strong commitment to the Company’s success. We have reviewed the stock ownership policies of other financial institutions, the criteria identified by certain proxy advisory firms in determining whether a stock ownership policy is “rigorous” or “robust,” and the stock ownership of our directors and executive officers. We ultimately concluded not to adopt a formal stock ownership policy at this stage of the Company’s existence primarily because the current ownership levels of our directors and our continuing executive officers, other than new hires who would be within typical periods to gain compliance, far exceed the ownership requirements of even the most rigorous policies we reviewed. Using the market price as of December 31, 2025 and the number of shares of common stock beneficially owned as of March 25, 2026, each of our non-employee directors held common stock valued over five times such director’s 2025 annual cash retainer (with the average multiple equal to approximately 578 times the 2025 annual retainer), and our Chief Executive Officer held common stock valued at over 72 times his 2025 annual base salary. Excluding our most recently hired executive officers who would be within typical periods to gain compliance, our other executive officer held common stock valued over 53 times his 2025 annual base salary.

Our Board annually reviews our Governance Guidelines and other governance documents and practices and modifies them as it deems appropriate. Although we will reconsider adopting stock ownership guidelines in the future, including in the event of Board or management changes, we believe such guidelines are not needed to successfully operate the Company.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 7

Insider Trading Policy

We have adopted an Insider Trading Policy that governs the purchase, sale and other dispositions of our securities by directors, officers, employees and certain contractors, consultants and service providers of the Company. Our Insider Trading Policy expressly prohibits such persons from trading, either directly or indirectly, in our securities after becoming aware of material nonpublic information related to the Company or other companies, including counterparties, vendors or suppliers.

To further ensure compliance, our Insider Trading Policy has established blackout periods and preclearance procedures. Our Insider Trading Policy provides guidance as to what may constitute material information and when information becomes public. The insider trading policy addresses transactions by family members and controlled entities. The policy discusses the consequences of an insider trading violation, additional trading restrictions, and certain reporting requirements applicable to directors, officers, and designated key employees. The insider trading policy requires all directors, officers, and employees of the Company and the Bank subject to the policy to provide a written certification of their understanding of, and intent to comply with, the policy. Although the Company is not subject to the Insider Trading Policy, it is the Company’s practice to comply with all applicable insider trading laws, rules and regulations.

We believe the policy is reasonably designed to promote compliance with insider trading laws and regulations and applicable listing standards.

Policies Against Hedging and Pledging Activities

Our Insider Trading Policy prohibits any of our directors, officers and employees from engaging in hedging activities involving the Company’s securities, including the following:

●

short sales, meaning any transactions in the Company’s securities whereby one may benefit from a decline in the stock price of our common stock;

●

purchases or sales of derivative securities related to the Company’s securities (puts, calls, collars, swaps forward sale contracts and similar arrangements, excluding stock options issued pursuant to employee benefit plans); and

●

investments in exchange funds (a stock fund that allows an investor to exchange his or her holdings in Company securities for units in a portfolio of securities), excluding investments in the Company stock fund available under the Company’s 401(k) plan.

In addition, our Insider Trading Policy prohibits our directors, officers and employees from pledging our securities as collateral for loans unless approved by our Insider Trading Compliance Officer. While being mindful of the need to avoid taking actions that pose undue risk or appear to pose undue risk to our Company, we also appreciate that our situation may be unique. We are a public company that has, since the Bank’s inception in 2005 and our formation in 2007, experienced significant common stock price appreciation. As a result of this success, a significant portion of the wealth of some of our officers and employees resides in their ownership of our common stock. As detailed above, the current ownership levels of our directors and our continuing executive officers, other than new hires who would be within typical periods to gain compliance, far exceed the ownership requirements of even the most rigorous policies we reviewed. Accordingly, we provide our Insider Trading Compliance Officer with the discretion to permit pledges in certain limited circumstances.

Board Independence

The cornerstone of our corporate governance program is an independent and qualified Board. The Board has established guidelines consistent with the current listing standards of the NYSE for determining director independence. You can find these guidelines in our Governance Guidelines, which are posted on the investor relations section of the Company’s website at www.servisfirstbancshares.com under the “Governance” tab.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 8

During its most recent review, our Board considered transactions and relationships between each director or any member of a director’s immediate family and us and the Bank. Our Board also considered whether there were any transactions or relationships between our Company and any entity of which a director or an immediate family member of a director is an executive officer, general partner or significant equity holder. The purpose of this review was to determine whether any such relationships or transactions existed that were inconsistent with a determination that a director is independent. Independent directors must be free of any relationship with us or our management that may impair the director’s ability to make independent judgments.

Our CG&N Committee has determined in its business judgment that six of the Company’s seven current directors are independent as defined in the NYSE listing standards and that each member is free of any relationships that would interfere with his or her individual exercise of independent judgment. Our independent directors are Messrs. Cashio, Filler, Mettler, and Smith, Dr. Holloway, and Ms. Tuder. Mr. Broughton, our Chairman, is considered an inside director because of his employment as our President and Chief Executive Officer (see “Certain Relationships and Related Transactions” for a list of other relationships the Board considered when determining independence).

The Role of Our Board of Directors

The members of our Board also are members of the Board of Directors of the Bank (the “Bank Board”), which accounts for substantially all of our consolidated operating results. The members of our Board keep informed about our business through discussions with senior management and other officers and managers of the Company and the Bank, by reviewing analyses and reports sent to them by management and outside consultants, and by participating in meetings of the Board and meetings of those Board committees on which they serve.

Board Leadership Structure

We believe that our stockholders are best served by a strong, independent Board with extensive business experience and strong ties to our markets. We believe that objective oversight of the performance of our management team is critical to effective corporate governance, and we believe our Board provides such objective oversight.

Our Board is led by a combination of Mr. Filler, our Lead Independent Director, and Mr. Broughton, our Chairman, President and CEO, supplemented by engaged, independent committee chairs and directors. Our independent directors unanimously voted for Mr. Broughton to serve as the Chairman of our Board following the retirement of our prior Chairman on December 31, 2018.

The Board believes that the Company has been well served by Mr. Broughton’s leadership since the Bank’s inception in 2005 and our formation in 2007. The Board further believes that Mr. Broughton’s combined role as Chairman and CEO will allow him to set the overall tone and direction for the Company, maintain consistency in the internal and external communication of our strategic and business priorities, and have primary responsibility for managing our operations.

The Board also believes that a strong, effective Lead Independent Director, like Mr. Filler, an independent Board, and independent committees provide the independent leadership necessary to balance the combined Chairman and CEO role and, with the formal and informal mechanisms we have in place to facilitate the work of the Board and its committees, results in the Board effectiveness and efficiency that our stockholders expect. Mr. Filler performs the following functions as our Lead Independent Director:

●

Serves as a liaison, and facilitates communication, between our Chairman and the independent directors;

●

Organizes, convenes and presides over executive sessions of the independent directors and Board meetings at which the Chairman is not present;

●

Serves as an advisor to Board committees, chairs of the Board committees and other directors;

●

Calls meetings of the Board, if deemed advisable by the Lead Independent Director; and

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 9

●

Guides, with the CG&N Committee, the self-assessment of the Board.

We believe our Board’s structure provides leadership and operational oversight, notwithstanding Mr. Broughton’s role as Chairman. Our Board’s three standing committees, which are described below under “Board Committees and Their Functions,” are composed exclusively of independent directors. In addition to the Board committees at the Company, our Bank has a separate loan committee on which all of our directors serve. We believe that this structure further reinforces the Board’s role as an objective overseer of our business, operations, risk sensitivity and day-to-day management.

The Board’s Role in Risk Oversight

While our Board is ultimately responsible for the management of risks inherent in our business, in our day-to-day operations senior management is responsible for instituting risk management practices that are consistent with our overall business strategy and risk tolerance. In addition, because our operations are conducted primarily through the Bank, we maintain an asset-liability committee at the Bank level, consisting of nine members. This committee is charged with monitoring our liquidity and funds positions. The committee regularly reviews the rate sensitivity position on three-month, six-month and one-year time horizons; loans-to-deposits ratios; and average maturities for certain categories of liabilities. This committee reports to our Board at least quarterly, and otherwise as needed.

In addition, our Audit Committee assists the Board in overseeing and monitoring management’s conduct of our financial reporting process, our system of internal accounting and financial controls and our cybersecurity measures, and our Compensation Committee oversees the management of risks relating to executive and non-executive compensation.

Outside of formal meetings, our Board and its committees have regular access to senior executives, including our Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, as well as our senior credit officers. Our Bank Board, which consists of all the members of our Board, and loan committee also meet monthly with management to review loans, credit loss issues and other areas of risk for the bank. We believe that this structure allows the Board to maintain effective oversight over our risks and to ensure that our management personnel are following prudent and appropriate risk management practices.

The Board’s Role in Human Capital Management

The Board understands the importance of Human Capital Management as part of its corporate responsibility, with an emphasis on the following key areas: (1) hiring, promotion and talent development, and (2) compensation and benefits and health and safety. The below entries summarize our current policy positions in each of these key areas:

Hiring, Promotion and Talent Development

We recruit the best people for the job regardless of gender, race, ethnicity, age, disability, sexual orientation, gender identity, cultural background or religious belief. It is our policy to fully comply with all state and federal laws applicable to discrimination in the workplace.

We are always looking to build our workforce from within and promote from our current talent pool whenever possible. We are also committed to the continued development of our employees, whether through banking industry‑related training or position-related training.

Compensation and Benefits and Heath and Safety

We provide robust compensation and benefits programs to help meet the needs of our employees. In addition to competitive salaries, these programs include a 401(k) Retirement Plan, full medical, dental and vision insurance, life insurance and paid time off. As part of our compensation philosophy, we believe that we must offer and maintain market competitive total rewards programs for our employees in order to attract and retain superior talent. We are committed to the health, safety, and wellness of our employees.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 10

Board Committees and Their Functions

Our Board maintains three standing committees that are each composed entirely of independent directors. The governing charter for each of the three committees is available on our website www.servisfirstbancshares.com under the “Governance” tab.

Name⁽¹⁾	Audit Committee	Compensation Committee	Corporate Governance & Nominations Committee
Irma L. Tuder
James J. Filler
Betsy Bugg Holloway, Ph.D.
J. Richard Cashio
Christopher J. Mettler
Hatton C. V. Smith
Committee Chair Committee Member Financial Expert

(1)

Mr. Broughton is not independent and therefore does not serve on any committee.

Audit Committee

Number of meetings in 2025: Four

Functions:

•

Assists our Board in maintaining the integrity of our financial statements and of our financial reporting processes and systems of internal audit controls, as well as monitoring our compliance with legal and regulatory requirements and the performance of our internal audit function;

•

Reviews the scope of independent audits and assesses the results;

•

Meets with management to consider the adequacy of the internal control over, and the objectivity of, financial reporting, and meets with our independent auditors and with appropriate financial personnel concerning these matters;

•

Oversees cybersecurity risk and reviews cybersecurity issues and solutions with management;

•

Selects, determines the compensation of, appoints and oversees our independent registered public accounting firm, and evaluates their qualifications, performance and independence; and

•

Reviews and approves all related party transactions of the Company in accordance with our Related Party Transactions Policy (with some related party transactions referred to the full Board for consideration).

Our Board has determined that each Audit Committee member meets the independence standards for Audit Committee membership under the rules of the Securities and Exchange Commission (“SEC”) and the rules of the NYSE.

Compensation Committee

Number of meetings in 2025: Seven

Functions:

•

Annually reviews the performance and compensation of our Chief Executive Officer, who is not present during deliberations or voting with respect to his compensation;

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 11

•

Makes recommendations to the independent members of our Board with respect to the compensation of our Chief Executive Officer and all other executive officers of the Company;

•

Makes determinations, either as a committee or together with the other independent directors, regarding the performance and compensation level of our Chief Executive Officer and our other named executive officers;

•

Reviews incentive compensation arrangements to determine whether they encourage excessive risk taking, and reviews and discusses at least annually the relationship between risk management policies and practices that could mitigate such risk;

•

Oversees the compensation structure for our senior management and senior executives;

	•	Develops and reviews succession planning for key executives, including our Chief Executive Officer;

	•	Administers the Company’s Clawback Policy; and

•

Advises and reports to our Board at least annually, including with respect to the Company’s incentive and equity-based compensation plans, and oversees the activities of the individuals and committees responsible for administering such plans.

The Compensation Committee has the authority, in its sole discretion, to appoint, engage, retain and terminate any compensation consultant, legal counsel or other advisor to assist in the performance of its duties, and the Company is responsible for providing appropriate funding to the Compensation Committee for payment of reasonable compensation to any such advisor retained by the Compensation Committee. Our Compensation Committee has retained Aon’s Human Capital Solutions practice, a division of Aon plc, or Aon. The cost of such services in 2025 did not exceed $120,000. The Committee determined that there were no conflicts between Aon and the Company or any member of the Compensation Committee.

The Compensation Committee may, in its discretion, delegate all or a portion of its duties and responsibilities to a subcommittee of the Compensation Committee consisting of one or more members.

Our Board has determined that each Compensation Committee member is independent under the rules of the NYSE.

Corporate Governance and Nominations Committee

Number of meetings in 2025: Two

Functions:

•

Identifies individuals believed to be qualified to become Board members, and selects or recommends to the Board the nominees to stand for election as directors;

•

Establishes the criteria for selecting candidates for nomination to our Board, actively seeks candidates who meet those criteria and makes recommendations to our Board to fill vacancies on, or make additions to, our Board or any committee of our Board (see “Governance Practices” for a detailed discussion of qualification criteria);

•

Develops and recommends standards to our Board to be applied in making determinations as to the absence of material relationships between the Company and a director;

	•	Oversees director continuing education programs;

	•	Establishes the procedures for the evaluation and oversight of our Board and management; and

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 12

•

Monitors and recommends changes in the organization and procedures of the Board, in the size of the Board or any Board committee and in our corporate governance policies, and monitors the Company’s corporate governance structure.

The CG&N Committee considers candidates for director who are recommended by its members, by other Board members, and by management. The CG&N Committee will consider stockholder nominees for election to our Board that are timely recommended by stockholders provided that the nominations are submitted in accordance with the procedures set forth in the Company’s Corporate Governance Guidelines. Nominations must also include evidence of the nominating stockholder’s ownership of Company common stock, and any other information the Company will be required to disclose about the nominee in its proxy statement. Stockholder nominations should be directed to the chair of the CG&N Committee, care of our Chief Financial Officer, at the Company’s principal executive office, 2500 Woodcrest Place, Birmingham, Alabama 35209. The CG&N Committee will evaluate candidates recommended by stockholders using the same criteria as for other candidates recommended by its members, other members of the Board, or management.

In evaluating nominees for director, the CG&N Committee believes that it is of primary importance to ensure that the Board’s composition reflects a diversity of business experience and community leadership, as well as a demonstrated ability to promote the Company’s strategic objectives and expand its presence, profile and customer base in its local markets. Additionally, our CG&N Committee charter provides that the CG&N Committee, in selecting or recommending Board candidates, shall consider factors it deems appropriate, which may include diversity. The members of the CG&N Committee and the Board also take into account views on diversity that our stockholders may communicate to us.

Our Board of Directors has determined that each member of the CG&N Committee is independent under the standards of independence of the rules of the NYSE.

Compensation Committee Interlocks and Insider Participation

The primary functions of the Compensation Committee are to evaluate and administer the compensation of our President and Chief Executive Officer and other executive officers and to review and oversee our general compensation programs. No member of the Compensation Committee has served as an officer or employee of the Company, the Bank or any other subsidiary. In addition, none of our executive officers has served as a director or as a member of the compensation committee of a company that employs any of our directors. For further information, see “Compensation Discussion and Analysis” and “Board Committees and Their Functions.”

Director Attendance

Our Board held six meetings in 2025. Each director attended at least 75% of the aggregate of: (i) the number of meetings of the Board held during the period he or she served on the Board; and (ii) the number of meetings of committees of the Board held during the period he or she served on such committees. While we do not have a formal policy regarding director attendance at our annual meetings, we generally expect our directors to attend if at all possible. All of our directors attended the 2025 Annual Meeting via remote webcast.

Certain Relationships and Related Transactions

We have not entered into any business transactions with related parties required to be disclosed under Rule 404(a) of Regulation S-K other than banking transactions in the ordinary course of our business with our directors and officers, as well as members of their families and corporations, partnerships or other organizations in which they have a controlling interest. Management recognizes that related party transactions can present unique risks and potential conflicts of interest (in appearance and in fact). Therefore, we maintain written policies around interactions with related parties that require that these transactions are entered into and maintained on the following terms:

•

in the case of banking transactions, each is on substantially the same terms, including price or interest rate, collateral and fees, as those prevailing at the time for comparable transactions with unrelated parties that are not expected to involve more than the normal risk of collectability or present other unfavorable features to the Bank; and

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 13

•

in the case of related party transactions, each is approved by a majority of the directors who do not have an interest in the transaction. Banking transactions that meet the criteria disclosed above are deemed pre‑approved by the Board.

Any potential related party transactions are reported to our Chief Financial Officer, who then reports such transactions to our Audit Committee. Our Audit Committee determines whether such transactions constitute related party transactions and, if so, reports those transactions to our Board for consideration if such transactions are not deemed pre-approved under our policy. A copy of our policy governing related party transactions is available on our website www.servisfirstbancshares.com under the “Governance” tab.

The aggregate amount of indebtedness from our directors and executive officers (including their affiliates and inclusive of persons serving as executive officers of the Bank) to the Bank as of December 31, 2025 was approximately $46.5 million, which equaled 2.5% of our total equity capital as of that date. Related party transactions are made in the ordinary course of business, on substantially the same terms, including interest rates and collateral (where applicable), as those prevailing at the time for comparable transactions with persons not related to us, and do not involve more than normal risk of collectability or present other features unfavorable to us. No related party loans were disclosed as past due, nonaccrual or troubled debt restructurings in our consolidated financial statements for the year ended December 31, 2025. We anticipate making related party loans in the future to the same extent as we have in the past.

Code of Conduct for Directors and Employees

Our Board has adopted a Code of Business Conduct and Ethics that applies to all of our employees, officers and directors. The Code of Business Conduct and Ethics covers compliance with law; fair and honest dealings with us, with competitors and with others; fair and honest disclosure to the public; and procedures for compliance with the Code of Business Conduct and Ethics. A copy of our Code of Business Conduct and Ethics is, and any amendment to or waiver from a provision of our Code of Business Conduct and Ethics will be, available free of charge on the investor relations section of our website at www.servisfirstbancshares.com under the “Governance” tab.

Communications with the Board

Stockholders and other interested parties may contact any of our independent directors, individually or as a group, by writing to them c/o David A. Sparacio, Executive Vice President and Chief Financial Officer, ServisFirst Bancshares, Inc., 2500 Woodcrest Place, Birmingham, Alabama 35209. Mr. Sparacio will review and forward to the appropriate directors copies of all such correspondence that, in the opinion of Mr. Sparacio, deals with the functions of the Board or its committees or that he otherwise determines requires their attention. Concerns relating to accounting, internal controls or auditing matters will be brought promptly to the attention of the Chair of the Audit Committee and will be handled in accordance with procedures established by the Audit Committee.

DIRECTOR COMPENSATION

The following summarizes the compensation earned by, or paid to, each person who served as a non-employee director during all or any part of the year ended December 31, 2025. Mr. Broughton was not separately compensated for his service on the Board. Directors of the Company also serve on the Board of the Bank and receive no additional compensation for such service. Ms. Tuder also serves on the advisory board of our Huntsville, Alabama region, and her compensation for such service is included in the tabular disclosure below. We seek to structure director compensation to further align the interests of directors with the interests of our stockholders.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 14

Annual Retainers and Meeting Fees for 2025

Position	Annual Retainer($)

Director	$110,000	(1)
Lead Independent Director	30,000
Audit Committee Member	8,000
Audit Committee Chair	15,000
Compensation Committee Member	6,000
Compensation Committee Chair	10,000
CG&N Committee Member	4,000
CG&N Committee Chair	9,000

(1) Consists of a $50,000 cash retainer and $60,000 common stock retainer.

Director Compensation for 2025

The following table sets forth information regarding the compensation of our non-employee directors for the year ended December 31, 2025.

Name	Fees Earned or Paid in Cash($)	Stock Awards($)⁽¹⁾	All Other Compensation ($)	Total($)
J. Richard Cashio	$77,000	$60,031	--	$137,031
James J. Filler	86,000	60,031	--	146,031
Betsy Bugg Holloway, Ph.D.	62,000	60,031	--	120,031
Christopher J. Mettler	60,000	60,031	--	120,031
Hatton C. V. Smith	66,000	60,031	--	126,031
Irma L. Tuder⁽²⁾	77,000	60,031	$7,700	137,031

(1)

Represents the grant date fair value of time-based restricted stock awarded on May 19, 2025 (784 shares valued at $76.57 per share, the closing price of the Company’s common stock on that date). All director restricted stock awards were outstanding on December 31, 2025. See Note 12 of our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025 for information regarding assumptions made in the valuation of these awards. These awards have a one-year vesting term.

(2)

Ms. Tuder’s cash compensation includes $7,700 in fees paid for service on the Huntsville advisory board.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 15

OWNERSHIP OF SERVISFIRST COMMON STOCK BY DIRECTORS, OFFICERS AND CERTAIN BENEFICIAL OWNERS

The following table sets forth the beneficial ownership of our common stock as of March 25, 2026 by: (i) each of our directors; (ii) our named executive officers; (iii) all of our directors and our executive officers as a group; and (iv) each stockholder known by us to beneficially own more than 5% of our common stock. Except as otherwise indicated, each person listed below has sole voting and investment power with respect to all shares shown to be beneficially owned by him or her except to the extent that such power is shared by a spouse under applicable law. The information provided in the table is based on our records, information filed with the SEC and information provided to the Company.

Name and Address of Beneficial Owner⁽¹⁾ Five Percent Stockholders	Shares		Percentage of Outstanding Common Stock (%)⁽²⁾
BlackRock, Inc.⁽³⁾ 50 Hudson Yards New York, NY 10001		7,311,530	13.4	%

Directors and Named Executive Officers
Thomas A. Broughton, III⁽⁴⁾		788,024	1.4	%
Irma L. Tuder⁽⁵⁾		88,149	*
James J. Filler⁽⁶⁾		1,380,000	2.5	%
J. Richard Cashio⁽⁷⁾		525,277	1.0	%
Hatton C. V. Smith⁽⁸⁾		411,362	*
Christopher J. Mettler		3,505	*
Betsy Bugg Holloway, Ph.D.		5,873	*
Rodney E. Rushing⁽⁹⁾		368,426	*
James H. Harper⁽¹⁰⁾		4,000	*
David A. Sparacio⁽¹¹⁾		5,000	*
Edison K. Woodie, III		20,000	*
Henry F. Abbott		--	*
All directors and executive officers as a group (10 persons)		3,579,616	6.5	%

___________________

*	Indicates ownership of less than 1% of outstanding common stock.
⁽¹⁾	The address for all directors and executive officers is 2500 Woodcrest Place, Birmingham, Alabama 35209.
⁽²⁾	Except as otherwise noted herein, the percentage is determined on the basis of 54,663,945 shares of our common stock outstanding plus, for any particular person, securities deemed outstanding pursuant to Rule 13d-3 promulgated under the Exchange Act, as of March 25, 2026. Under Rule 13d-3, a person is deemed to be a beneficial owner of any security owned by certain family members and any security of which that person has the right to acquire beneficial ownership within 60 days, including, without limitation, shares of our common stock subject to currently exercisable options.
⁽³⁾	Based solely upon the Schedule 13G/A filed July 18, 2025 with respect to ownership as of June 30, 2025, BlackRock, Inc. reported having sole voting power over 7,221,017 shares of common stock and sole dispositive power over 7,311,530 shares of common stock.
⁽⁴⁾	Includes 14,733 shares of restricted stock and 2,775 shares held through Mr. Broughton’s 401(k) account. Also includes 55,138 shares of common stock owned by his spouse and 125,289 shares held by TAB 2, LLC. Does not include 190,000 shares held by TAB 2, LLC and 300,000 shares held by TAB 3, LLC, which are managed by a third-party manager. Mr. Broughton disclaims beneficial ownership of common stock held by his spouse.
⁽⁵⁾	Includes 17,000 shares underlying a vested option granted on October 15, 2018. Includes 43,215 shares owned by Tuder Family, LLC, a limited liability company of which the reporting person is a member and manager and 14,586 shares owned by Jackie Ray Tuder 2012 Irrevocable Trust of which the reporting person is the trustee.
⁽⁶⁾	Includes 2,500 shares owned by Mr. Filler’s spouse.
⁽⁷⁾	Does not include 28,752 shares owned by Mr. Cashio’s adult daughter. Includes 98,700 shares of common stock held by Mr. Cashio’s spouse. Mr. Cashio disclaims beneficial ownership of all shares not directly owned by him. Mr. Cashio has pledged 51,628 shares to ServisFirst Bank as security for a loan and 124,112 shares to J.P. Morgan as security for a line of credit.
⁽⁸⁾	Mr. Smith has pledged 115,500 shares to ServisFirst Bank as security for a line of credit.
⁽⁹⁾	Includes 4,103 shares of restricted stock. Also includes 60,000 shares of common stock held in trusts for the benefit of Mr. Rushing’s daughters.
⁽¹⁰⁾	Includes 4,000 shares of restricted stock.
⁽¹¹⁾	Includes 5,000 shares of restricted stock.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 16

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires our Section 16 officers, directors and persons who own more than 10% of our common stock to file reports of ownership and changes in ownership with the SEC. All of our Section 16 officers, directors and persons who own more than 10% of our common stock timely filed all reports during 2025, except that James H. Harper filed a Form 4 on May 6, 2025 reporting a transaction on April 28, 2025 due to an administrative delay in the reporting person’s receipt of EDGAR filing credentials caused by a high volume of submissions at the time; Thomas A. Broughton, III filed a Form 5/A on March 25, 2025 reporting a gift on October 6, 2021; and Christopher J. Mettler filed a Form 4 on March 30, 2026 reporting sales on November 21, 2024, December 10, 2024, December 11, 2024, December 18, 2024, December 19, 2024, December 20, 2024 and December 24, 2024.

PROPOSAL 2: ADVISORY VOTE ON COMPENSATION OF OUR NAMED EXECUTIVE OFFICERS

As required under Section 14A of the Exchange Act, we provide our stockholders with an annual advisory vote on the compensation of our named executive officers. In 2017 and again in 2023, when considering the say on pay frequency, our stockholders approved an annual advisory vote. At the 2025 Annual Meeting, approximately 98.5% of the votes cast (which excludes broker non-votes) were in approval of the compensation program for our named executive officers.

Our Compensation Committee reviewed the results of the advisory vote from the 2025 Annual Meeting and did not implement any significant changes to our executive compensation as a result of the say-on-pay advisory vote. The Compensation Committee recognizes that effective practices evolve, and the Compensation Committee will continue to consider changes as needed to keep our compensation program for our named executive officers competitive and tightly linked to performance. See “Compensation Discussion and Analysis” for a detailed discussion of our compensation practices, philosophy and objectives for our named executive officers.

Consistent with our stockholders’ preference and prevailing demand, we expect to hold an advisory vote on the compensation of named executive officers every year. This year, we are asking stockholders to approve the following resolution:

RESOLVED, that the compensation paid to the Company’s named executive officers as disclosed in the Proxy Statement for the 2026 Annual Meeting of Stockholders pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and narrative discussion, is hereby approved.

The advisory vote will not be binding on the Compensation Committee or the Board of Directors. However, they will carefully consider the outcome of the vote and take into consideration any specific concerns raised by investors when determining future compensation arrangements. Following the recommendation of our stockholders at our 2023 Annual Meeting, we will hold a say-on-pay vote at each annual meeting (until the next required vote of our stockholders regarding the frequency of say-on-pay vote that will occur at our 2029 Annual Meeting of Stockholders).

The Board of Directors Unanimously Recommends a Vote “FOR” the Resolution Approving the Compensation Paid to Our Named Executive Officers.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 17

EXECUTIVE OFFICERS

Information About Our Executive Officers

A brief description of the background of each of our executive officers as of December 31, 2025 is set forth below. Because he is also a member of our Board, information about Mr. Broughton can be found under “Annual Election of Directors” above. All of our executive officers are appointed annually by the Board and serve at the discretion of the Board.

Rodney E. Rushing (68) – Mr. Rushing has served as our Executive Vice President and Chief Operating Officer since February 2021. From 2011 to 2021, he served as the Executive Vice President for Correspondent Banking for us and the Bank. Prior to joining us, Mr. Rushing was employed at BBVA Compass from 1982 to 2011, most recently serving as Executive Vice President of Correspondent Banking. At the time of his departure in March 2011, the correspondent banking division of BBVA Compass provided correspondent banking services to over 600 financial institutions.

James H. Harper (48) – Mr. Harper has served as Senior Vice President and Chief Credit Officer for the Bank since April 2025. Prior to joining ServisFirst, Mr. Harper served as Executive Vice President and Senior Credit Risk Officer of Cadence Bank, a position he held since 2021. He also previously served in the roles of Senior Vice President and Director of C&I Credit Risk and Commercial Credit and Underwriting Executive, each with Cadence Bank. Prior to joining Cadence Bank, Mr. Harper worked in a variety of roles with BBVA Compass Bank, Bank of America and Trustmark National Bank. Mr. Harper has a Bachelor of Business Administration in Economics from Mississippi State University and a Master of Business Administration from the Owen Graduate School of Management at Vanderbilt University.

David A. Sparacio (55) – Mr. Sparacio has served as Executive Vice President and Chief Financial Officer for us and the Bank since March 2025. Prior to joining ServisFirst, Mr. Sparacio served as Executive Vice President and Corporate Controller of Ameris Bank, a state-chartered community bank, a position he held since October 2021. Prior to joining Ameris Bank, he served as Senior Vice President, Director of Accounting, of IBERIABANK, a state-chartered community bank, from September 2012 to April 2021. Mr. Sparacio also previously held positions at The Carlyle Group, Regions Bank, BBVA Compass, Hibernia National Bank and First Commerce Corporation. Mr. Sparacio served over 30 years in a reserve status of the United States Army Reserve and is a combat veteran of Operation Iraqi Freedom.

EXECUTIVE COMPENSATION

Compensation Discussion and Analysis (CD&A)

This CD&A describes our executive compensation objectives and philosophy. It also describes our compensation program and reviews the compensation outcomes for the year ended December 31, 2025. We are a bank holding company headquartered in Birmingham, Alabama. Our Bank, founded in 2005, provides commercial banking services through offices located in Alabama, Georgia, Florida, North Carolina, South Carolina, Tennessee and Virginia. We operate our Bank using a simple business model based on organic loan and deposit growth, generated through high quality customer service, delivered by a team of experienced bankers focused on developing and maintaining long-term banking relationships with our target customers. Our strategy focuses on operating a limited and efficient branch network with sizable aggregate balances of total loans and deposits housed in each branch office. We strive to translate this business model and strategy into higher profits for our stockholders. Our compensation program is intended to incentivize our named executive officers to pursue strategies and actions that promote both annual and longer-term value to stockholders, consistent with the intention of our business model.

Compensation Philosophy and Objectives

In order to recruit, retain and appropriately incentivize the most qualified and competent individuals as executive officers, we strive to maintain a compensation program that not only is competitive in our market but that also provides our Compensation Committee with the flexibility to determine incentive compensation using a commonsense approach. Our Compensation Committee believes that the most effective executive compensation program is one that is designed to reward the achievement of specific annual, long-term and strategic goals by us and the Bank, and which aligns executives’ interests with those of our stockholders by rewarding performance, with the ultimate objective of improving stockholder value.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 18

To reward both short- and long-term performance in the compensation program and in furtherance of our compensation objectives noted above, our executive officer compensation philosophy includes the following principles:

Compensation should be related to performance. The Compensation Committee believes that a significant portion of an executive officer’s compensation should be tied not only to individual performance, but also the Company’s performance measured against both financial and non-financial goals and objectives.

Incentive compensation should represent a significant portion of an executive officer’s total compensation. The Compensation Committee is committed to providing competitive compensation that reflects our performance and that of the individual officer or employee.

Compensation levels should be competitive. The Compensation Committee reviews available data to ensure that our compensation is competitive with that provided by other comparable companies. The Compensation Committee believes that competitive compensation enhances our ability to attract and retain executive officers. Our Compensation Committee utilizes Aon for assistance in structuring our compensation program. Our Compensation Committee reviewed and approved a peer group in early 2024 for compensation purposes and utilized said peer group to inform decisions regarding compensation programs for our named executive officers for 2024 and 2025 (the “2024 / 2025 Peer Group”).

Incentive compensation should balance short-term and long-term performance. The Compensation Committee seeks to achieve a balance between encouraging strong short-term annual results and ensuring our long-term viability and success. To reinforce the importance of balancing these perspectives, executive officers generally will be provided both short- and long-term incentives. Our Compensation Committee continued to utilize short-term and long-term compensation plans for its executives in 2025. All short-term compensation awards are performance-based, while long-term compensation awards are split between time-based restricted stock awards and performance-based performance shares.

Stockholder Approval of Say on Pay Proposal

At the 2025 Annual Meeting, approximately 98.5% of the votes cast (which excludes broker non-votes) approved the compensation of our named executive officers. The Compensation Committee did not implement any additional changes to our executive compensation as a result of the say-on-pay advisory vote. The Compensation Committee recognizes that effective practices evolve, and the Compensation Committee will continue to consider changes as needed to keep our executive compensation program competitive and tightly linked to performance.

Named Executive Officers

	•	Thomas A. Broughton, III, President and Chief Executive Officer
	•	Rodney E. Rushing, Executive Vice President and Chief Operating Officer
	•	James H. Harper, Senior Vice President and Chief Credit Officer of the Bank
	•	David A. Sparacio, Executive Vice President and Chief Financial Officer
	•	Edison K. Woodie, III, former Interim Chief Financial Officer
	•	Henry F. Abbott, former Senior Vice President and Chief Credit Officer

On October 21, 2024, Kirk Pressley, who was serving as Executive Vice President and Chief Financial Officer at the time, notified the Board he would resign from the positions of Chief Financial Officer and Executive Vice President, effective October 31, 2024. The Board appointed Edison K. Woodie, III to succeed Mr. Pressley as interim Chief Financial Officer on October 31, 2024, a role he served until David A. Sparacio assumed the role of Executive Vice President and Chief Financial Officer on March 3, 2025 after the filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 19

On April 21, 2025, James H. Harper was appointed to the role of Senior Vice President and Chief Credit Officer of the Bank, replacing Henry F. Abbott, who previously served as Senior Vice President and Chief Credit Officer.

Due to the transitions and new appointments described above, certain of the individuals identified as named executive officers did not participate in the compensation program on the same basis as our named executive officers have historically participated.

Each of our named executive officers (other than Mr. Harper, who only holds a position with the Bank) also held the same position with the Bank during fiscal 2025. In accordance with Rule 3b-7 under the Exchange Act, our Board and management considered whether any of the other officers of the Bank should be included as a named executive officer of ServisFirst and, except for Mr. Harper, determined that all of our policy making functions are handled by officers of ServisFirst. Except for Mr. Harper, none of the Bank’s other officers served in a policy making role. Therefore, during 2025, with the exception of Mr. Harper, we have not included any of our Bank officers as named executive officers.

All of our executive officers are employees of the Bank for payroll and tax purposes. Because both the Compensation Committee and the Bank compensation committee consist of the same persons, as do both Boards of Directors, references herein to “our” or “the” Compensation Committee will be deemed to refer to our Compensation Committee and/or the Bank’s compensation committee, as applicable.

2025 Business Results

●

Net income available to common stockholders was $276.5 million for 2025, a 21.7% increase from 2024.

●

Diluted earnings per share were $5.06 for 2025, a 21.6% increase over 2024.

●

Ending deposits of $14.2 billion increased 5.0% from December 31, 2024.

●

Ending loans of $13.7 billion increased 8.7% from December 31, 2024.

●

Net interest income of $535.2 million in 2025 increased 19.8% from 2024.

●

Net interest margin of 3.12% in 2025 increased 30 basis points from 2024.

2025 Compensation Objectives

The objectives for our compensation program, along with the measures utilized to achieve such objectives, are set forth in the table below.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 20

Compensation Program Objective	Applicable Compensation Measures
Mix of pay elements reflects current market practice	● Annual time-based and performance-based equity grants ● Performance-based annual incentive plan for short-term compensation

Increase executive pay levels to be more in line with market peer median, in order to attract and retain key talent	● Increased base salaries of named executive officers ● Awarded time-based restricted stock awards ● Annual incentive plan for short-term compensation

Emphasize performance-based and at-risk pay elements	● Performance-share grants with vesting based on 3-year performance compared with a peer group ● Annual incentive plan with defined performance goals for short-term compensation

Equity Grant Timing Practices

Our Compensation Committee typically meets during the first quarter following the end of each calendar year to review the performance of the Company and the executives of the Company and the Bank. At these meetings, all compensation recommendations are made, including recommendations regarding adjustments to the annual base salaries of the executive officers, if any, as well as determination of payouts under our annual incentive plan. To the extent the Compensation Committee approves new equity-based awards for employees (including NEOs) during the first fiscal quarter of a year, the grant date of such awards is typically the day of such meeting. Our Compensation Committee does not take material nonpublic information into account when determining the timing and terms of equity awards, nor does the Company time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. The Company currently does not grant stock options.

Role of Compensation Committee

The Compensation Committee is responsible for the design, implementation and administration of the compensation programs for our executive officers and directors. The Compensation Committee completed the following actions relative to 2025 executive compensation:

•

Reviewed and approved base salary increases for 2025.

•

Reviewed and approved the adoption of 2025 performance objectives under the annual incentive plan.

•

Reviewed and approved 2025 equity grants, including the number of shares of time-based restricted stock and performance shares, and the vesting criteria related to the performance shares.

•

Reviewed contractual arrangements for named executive officers.

•

Reviewed the Company’s compensation philosophy.

•

Determining achievement of relative performance for performance share awards vesting based upon Company TSR over a 3-year period as compared to the 2023 peer group (the “2023 Peer Group”).

•

Reviewed and approved the satisfaction of 2025 performance objectives under the annual incentive plan and payment of awards thereunder.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 21

No executive officers of the Company make any recommendations to the Compensation Committee or participate in any way regarding the compensation of other executive officers, other than our President and Chief Executive Officer, Mr. Broughton. The Compensation Committee consults with Mr. Broughton to gain a better insight into the performance of the executive team as a basis for the Compensation Committee’s determinations regarding executive compensation. While the Compensation Committee consults with Mr. Broughton, the Compensation Committee makes its decisions independently. Mr. Broughton does not participate in discussions of his compensation.

Role of Compensation Consultant

The Compensation Committee periodically engages an independent outside compensation consultant to advise the Compensation Committee on executive compensation matters. The Compensation Committee continued to use Aon to provide executive compensation consulting services in 2025. Pursuant to the terms of its retention, Aon reported directly to the Compensation Committee, which retains sole authority to select, retain, terminate, and approve the fees and other retention terms of its relationship with Aon.

With respect to compensation matters related to 2025, Aon assisted the Compensation Committee with the following:

•

Support for named executive officer and director compensation decisions.

•

The evaluation of its incentive programs for 2025.

•

The compilation of an updated 2024 / 2025 Peer Group.

•

Determining achievement of relative performance for performance share awards vesting based upon Company TSR over a 3-year period as compared to the 2023 Peer Group.

•

The preparation of its compensation disclosures as required under Regulation S‑K with respect to this proxy statement including this Compensation Discussion and Analysis and associated tables and disclosures included herein by reference.

The Compensation Committee evaluated Aon’s analysis and recommendations alongside other factors when making compensation decisions affecting our 2025 executive compensation.

In 2025, the Compensation Committee reviewed its relationship with Aon. Considering all relevant factors, including those set forth in Rule 10C-1(b)(4)(i) through (vi) under the Exchange Act, the Compensation Committee determined that it is not aware of any conflict of interest that has been raised by the work performed by Aon.

Elements of our Compensation Program

The following table outlines the major elements of 2025 total compensation for our executives:

Compensation Element	Description and Purpose	Link to Performance	Fixed/ Performance Based	Short/Long- Term
Base Salary	Helps attract and retain executives through periodic payments of market-competitive base pay.	Based on individual performance, experience, and scope of responsibility. Used to establish cash and equity incentive award opportunities.	Fixed	Short-Term
Annual Short-Term Incentives	Encourages achievement of financial performance metrics that create near‑term stockholder value.	Ties the executive’s compensation directly to factors that we believe are important to the success of the Company.	Performance Based	Short-Term
		Performance metrics include loan growth, deposit growth and earnings per share. Loan and deposit growth is integral to the future success of the Company, while earnings per share aligns executive pay with overall Company success.
		Annual short-term incentives are paid in cash.
Long-Term Equity Incentive Awards	Aligns long-term interests of executives and stockholders while creating a retention incentive through multi-year vesting.	Restricted stock awards are time‑vested over three years. For 2025, performance share awards are determined based on Company TSR over a 3-year period as compared to the custom 2024 / 2025 Peer Group.	Fixed & Performance Based	Long-Term
Change in Control Agreements	Provides protection to our named executive officers in the event we are subject to a change in control.	-	Fixed	Long-Term
Endorsement Split-Dollar Agreements	Bank-owned life insurance on Messrs. Broughton and Rushing. Designed to provide a long‑term retention incentive for the named executives, along with generating a favorable return for the Bank.	-	Fixed	Long-Term
Other Compensation	Limited perquisites and health and welfare benefits on the same basis as other employees.	-	Fixed	-

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 22

Key Compensation Policies and Supplemental Information

Clawback Policy: In the event the Company is required to restate financial results, the Compensation Committee may adjust future compensation, cancel outstanding stock or performance-based awards, or seek recoupment of previous awards from Company officers.

Significant Executive Investment in Company Stock: Long-term stock ownership is deeply engrained in our culture, and it reflects our Board’s strong commitment to the Company’s success. For more information, see “Corporate Governance—Governance Practices—Stock Ownership of Board and Executives.”

Restrictions on Hedging or Pledging Company Stock: Executive officers and directors of the Company are not permitted to use options, contracts or other arrangements to hedge their holdings of Company stock. They also are prohibited from pledging Company stock as security for loans without approval from our Insider Trading Compliance Officer. Historically, our Insider Trading Compliance Officer has approved limited pledging arrangements in order to allow our executive officers to retain their Company stock in light of our stock’s strong price appreciation since our initial public offering in 2014.

Peer Group Benchmarking

The Compensation Committee did not conduct a new market analysis for 2025, but continued to utilize the analysis conducted for 2024 alongside a general review of current industry compensation trends provided by Aon in early 2025 to help support 2025 executive and director compensation decisions. As such, the peer group for 2025 was the same group disclosed for 2024. The peer group data is used by our Compensation Committee as information about pay levels and practices of similarly-sized financial institutions in the areas we compete for key talent. This information helps guide our Compensation Committee in providing a competitive level of total compensation to our executive officers.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 23

The Compensation Committee (with assistance from its independent compensation consultant, Aon) selected this group of publicly-traded financial institutions in early 2024 based on a balanced assessment of peers generally meeting the following selection criteria at that time:

●

Total Assets between $10.0 - $30.0 billion;

●

Generally located within a top 300 metropolitan areas;

●

Not located in the Mountain Pacific or Northeast regions;

●

Commercial lending focus;

●

Excludes companies being acquired and recent mutual conversions; and

●

Individual consideration given for business model compatibility.

Our Compensation Committee also utilized a proprietary database from Aon when making compensation determinations for our Chief Credit Officer at the time, Mr. Abbott. The 2024 / 2025 Peer Group included the following companies:


Company Name	State
Ameris Bancorp	GA
Atlantic Union Bankshares Corporation	VA
Bank OZK	AR
Eagle Bancorp, Inc.	MD
Enterprise Financial Services Corp.	MO
First Busey Corporation	IL
First Financial Bancorp.	OH
First Financial Bankshares, Inc.	TX
First Foundation Inc.	TX
First Merchants Corporation	IN
Independent Bank Group, Inc.	TX
International Bancshares Corporation	TX
Provident Financial Services, Inc.	NJ
Renasant Corporation	MS
Sandy Spring Bancorp, Inc.	MD
Seacoast Banking Corporation of Florida	FL
Stellar Bancorp, Inc.	TX
TowneBank	VA
Trustmark Corporation	MS
Veritex Holdings, Inc.	TX
Wesbanco, Inc.	WV
WSFS Financial Corporation	DE

When determining compensation for our executive officers for 2025, our Compensation Committee considered the median range of total compensation and components of compensation for the comparable roles within the 2024 / 2025 Peer Group companies. Our Compensation Committee did not seek to set compensation at specific target levels as compared to the 2024 / 2025 Peer Group. Instead, our Compensation Committee used the information provided by the 2024 / 2025 Peer Group along with broader industry market compensation information to assess compensation levels and to provide a competitive level of total compensation for our executives.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 24

Annual Base Salary

Our Compensation Committee endeavors to establish base salary levels for executives that are consistent and competitive with those provided for similarly situated executives of other similar financial institutions, taking into account each executive’s areas and level of responsibility.

Each of our named executive officers received an increase in their base salaries for 2025, effective as of their work anniversary date. The 2025 base salary increases were determined based on a review of peer salaries as well as the experience, performance, and contribution of each of our named executive officers.

The following table sets forth changes to base salaries during the year ended December 31, 2025:

Named Executive Officer(1)	2024 Annual Base Salary		2025 Annual Base Salary		Percentage Change
Thomas A. Broughton, III	$	746,000	$	785,000		5.2	%
Rodney E. Rushing		475,000		490,000		3.2	%
James H. Harper		-		280,000		-
David A. Sparacio		-		350,000		-

(1)

Please see “—Compensation Tables” for more information regarding salary information for Mr. Woodie and Mr. Abbott with respect to the year ended December 31, 2025.

Annual Incentive Compensation

Our annual incentive plan provides a framework for annual or short-term cash incentive award opportunities for our executive officers and key employees. Prior to or shortly after the beginning of each year, our Compensation Committee establishes the specific performance goals and designates each participant’s target award under the plan for that year.

The following table sets forth the target award under the annual incentive plan for the year ended December 31, 2025:

Named Executive Officer(1)

Target Award (as a % of base salary)

Target Award

($)

Thomas A. Broughton, III

105

824,250

Rodney E. Rushing

367,500

(1)

Due to the management transitions described above, none of Messrs. Harper, Sparacio, Woodie or Abbott participated in the annual incentive plan during the year ended December 31, 2025. Please see “—Compensation Tables” for more information regarding discretionary bonuses made to these individuals during, or with respect to, the year ended December 31, 2025.

Performance Objectives

Our Compensation Committee utilized four performance objectives for the 2025 annual incentive plan: earnings per share, loan growth, deposit growth and efficiency ratio. Our Compensation Committee allocated forty percent (40%) of the annual incentive to earnings per share in order to incentivize working towards results that directly benefit our stockholders in the near term. Loan growth and deposit growth are important factors for our success, particularly in the current environment, so thirty percent (30%) of the total performance objective was weighted to loan growth and twenty percent (20%) of the total performance objective was weighted to deposit growth. Additionally, because of the importance of managing costs, the Compensation Committee allocated a weight of ten percent (10%) to efficiency ratio. A credit quality modifier consisting of the ratio of nonperforming assets to total assets was utilized because credit quality is an important component of our success and financial performance.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 25

The following table sets forth the assigned weight for each performance objective for our 2025 annual incentive plan, and the threshold, target and maximum performance level for each objective, along with our 2025 actual performance:

				2025 Performance Levels
Performance Objective	Overall Weight			Threshold			Target			Maximum			2025 Actual
Earnings Per Share		40	%	$	5.25		$	5.40		$	5.47		$	5.25	(1)
Loan Growth		30	%		6.0	%		8.0	%		10.0	%		8.7	%
Deposit Growth		20	%		6.0	%		7.0	%		9.0	%		5.0	%
Efficiency Ratio		10	%		37.0	%		36.0	%		35.0	%		32.09	(2)%

(1)

Reflects Adjusted EPS, which is diluted EPS ($5.06), increased for loss on marketable securities ($0.30) and reduced for a legal matter accrual reversal ($0.04) and related tax effects ($0.07). The Compensation Committee determined that Adjusted EPS was a more accurate indicator of management performance due to the discretionary portfolio restructuring that resulted in loss on marketable securities.

(2)

Reflects Adjusted Efficiency Ratio, which reflects the legal matter accrual and loss on marketable securities described above.

The Compensation Committee believes that at the time of their establishment, the goals represented strong levels of achievable performance based on the Company’s business outlook, factors impacting the banking industry, estimated general economic conditions, and the Company’s 2025 budget.

Credit Quality Modifier and Discretionary Adjustments

The following table sets forth the potential reduction based upon the ratio of nonperforming assets to total assets, along with the ratio actually achieved for 2025:

Credit Quality Modifier	No Adjustment	50% Reduction	75% Reduction	100% Reduction	2025 Actual
NPAs/Total Assets	<1.50%	1.50%	1.75%	2.00%	0.97%

Our Compensation Committee retains authority to make discretionary adjustments to awards under our annual incentive plan where performance or the particular business environment warrant.

Annual Incentive Plan Award Opportunities

The Compensation Committee established the annual incentive plan award opportunities for our named executive officers as a percentage of base salary. Target award opportunities were designed to provide for total cash compensation that rewards executives for successful achievement of loan growth, deposit growth, earnings per share and efficiency ratio while being competitive with total cash compensation among our peers.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 26

The following table sets forth the potential annual incentive award payments, expressed as a percentage of base salary:

Named Executive Officer	Threshold as a % of Base Salary (%)	Threshold Incentive Payment ($)	Target as a % of Base Salary (%)	Target Incentive Payment ($)	Maximum as a % of Base Salary (%)	Maximum Incentive Payment ($)
Thomas A. Broughton, III	52.5%	$412,125	105.0%	$824,250	157.5%	$1,236,375
Rodney E. Rushing	37.5	183,750	75.0	367,500	112.5	551,250

Threshold, target and maximum incentive payments in the table above are based on base salaries effective at year-end 2025, and do not take into effect the Credit Quality Modifier described above.

Annual Incentive Plan Award Payouts

The payout level under our annual incentive plan in 2025, based on actual results of the four performance objectives, was 72.5% of the target payout level. The Company maintained high credit quality during 2024 with a nonperforming assets to total assets ratio of 0.97%, significantly below the first adjustment threshold of 1.50%. The Company achieved moderate loan growth for the year ended December 31, 2024, achieving growth of 8.7%, or between the target level of 8.0% and the maximum threshold of 10.0%. Adjusted earnings per share were $5.25, equal to the threshold level. Adjusted efficiency ratio was 32.09%, exceeding the maximum threshold. Deposit growth was 5.0%, below the threshold level of 6.0%.

The Compensation Committee exercised its discretion to adjust the actual awards upwards. The results, achievements and factors the Compensation Committee and Board considered in granting the discretionary bonuses included the Company’s outperformance of peers in terms of loan growth, return on average assets, return on equity, efficiency ratio and improved net interest margin. The Compensation Committee also considered that the Company’s financial metrics improved each quarter of the year ended December 31, 2025, which resulted in a stock valuation in excess of regional banking peers and led to the Company being one of the top performers among its peers. The Compensation Committee also considered that the Company has among the highest price to book ratio and price to EPS ratio of its regional bank peers, and the Mr. Broughton and Mr. Rushing’s base compensation is generally below that of peers. Accordingly, our Board elected to exercise its discretion to award a discretionary bonus equaling $220,964 for Mr. Broughton and $91,831 for Mr. Rushing.

The total combined award amounts across the annual incentive plan and the discretionary awards for Mr. Broughton and Mr. Rushing remained below each named executive officer’s target payout level.

The following table sets forth the actual awards (including the discretionary bonus), award as a percentage of the target award, and award as percentage of base salary:

Named Executive Officer	2025 Award ($)	Award as % of Target⁽¹⁾	Award as % of Base Salary⁽¹⁾
Thomas A. Broughton, III	$800,000	97.1%	101.9%
Rodney E. Rushing	350,000	95.2	71.4

⁽¹⁾ Percentages are rounded to the nearest tenth of a percent.

Equity-Based Incentive Compensation

Our Compensation Committee makes annual equity grants to our named executive officers in order to be competitive with market best practices, to align executives with stockholders and to address potential retention concerns. Time-based restricted stock awards are intended to aid in retention of our named executive officers, while performance share awards reward our named executive officers for delivering high total shareholder returns when compared against our peer companies.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 27

The following table shows the grants of time-based restricted stock and performance shares during 2025:

Named Executive Officer(1)

Time-based

Restricted Stock (#)

Target Value of 2025 Restricted Stock Award ($)

Target Performance Shares (#)

Target Value of 2025 Performance Shares ($)

Total Target Award Value ($)

Thomas A. Broughton, III

4,596

412,125

4,869

412,125

824,250

Rodney E. Rushing

1,366

122,500

1,447

122,500

245,000

___________________

(1)

Due to the management transitions described above, none of Messrs. Harper, Sparacio, Woodie or Abbott participated in the equity-based incentive compensation program during the year ended December 31, 2025. Please see “—Compensation Tables” and “Grants of Plan Based Awards for Fiscal 2025” for more information regarding equity awards made to these individuals during, or with respect to, the year ended December 31, 2025.

Annual equity-based incentive awards are composed of 50% of time-based restricted stock grants and 50% of performance-based performance shares. The time-based restricted stock vests one-third per year on the first three anniversaries of the grant date, provided that the executive remains employed through the applicable vesting date. The performance shares represent the opportunity to earn shares of our common stock after a three-year performance period, subject to the executive’s continued employment through the end of the performance period.

The number of performance shares earned will be determined by reference to the Company’s TSR relative to the 2024 / 2025 Peer Group over the performance period commencing on January 1, 2025 and ending on December 31, 2027 (the “Performance Period”).

Depending on our TSR percent rank relative to the 2024 / 2025 Peer Group, our named executive officers may earn between 0% and 150% of the target number of performance shares set forth in the above table corresponding to the Company’s attainment of the TSR percent rank relative to the 2024 / 2025 Peer Group as set forth in the table below on the last day of the Performance Period. The named executive officers will receive shares of our common stock with respect to the number of earned performance shares.

Performance Level	Company Percent Rank Relative to 2024 / 2025 Peer Group	Number of Performance Shares Earned
Threshold	35^th Percentile	50% of Target
Target	50^th Percentile	100% of Target
Maximum	75^th Percentile	150% of Target

The percentage of performance shares earned if our TSR Percent Rank Relative to the 2024 / 2025 Peer Group is between threshold and target or between target and maximum will be determined by linear interpolation. Notwithstanding the foregoing, if our TSR at the end of the Performance Period is negative, then the maximum number of performance shares that can be earned is the target number of performance shares, regardless of how our TSR compares to the 2024 / 2025 Peer Group at the end of the Performance Period. This mechanism is intended to prevent our named executive officers from receiving more than the target number of performance shares if our TSR at the end of the Performance Period is negative, even if such TSR exceeds 50% of our 2024 / 2025 Peer Group.

As of December 31, 2025, the Company’s TSR percent rank relative to the 2024 / 2025 Peer Group equaled the 11^th percentile, which, if maintained through the end of the 2025 Performance Period, would result in no performance shares being earned.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 28

2024 Performance Share Award Performance

The performance share awards granted to our named executive officers during 2024 remain outstanding. The number of performance shares earned will be determined by reference to the Company’s TSR relative to the 2024 / 2025 Peer Group over the performance period commencing on January 1, 2024 and ending on December 31, 2026 (the “2024 Performance Period”).

Depending on our TSR percent rank relative to the 2024 / 2025 Peer Group, our named executive officers may earn between 0% and 150% of the target number of performance shares granted in 2024 depending on the Company’s attainment of the TSR percent rank relative to the 2024 / 2025 Peer Group on the last day of the 2024 Performance Period. As of December 31, 2025, the Company’s TSR percent rank relative to the 2024 / 2025 Peer Group equaled the 53rd percentile, which, if maintained through the end of the 2024 Performance Period, would entitle our named executive officers to 105% of the target 2024 performance shares awarded.

2023 Performance Share Award Performance

In January 2026, our Compensation Committee reviewed the achievement levels of the 2023 performance share awards with the assistance of our compensation consultant. The number of performance shares earned were determined by reference to the Company’s TSR relative to the 2023 peer group over the performance period commencing on January 1, 2023 and ending on December 31, 2025 (the “2023 Performance Period”). Depending on our TSR percent rank relative to the 2023 Peer Group, our named executive officers could have earned between 0% and 150% of the target number of performance shares awarded to them under the 2023 performance share awards. The Compensation Committee, with the assistance of our compensation consultant, determined that the Company’s TSR percent rank relative to the 2023 Peer Group equaled the 11^th percentile, which resulted in no 2023 performance shares being earned.

Change in Compensation Structure for 2026

Annual Base Salary. In January 2026, our compensation committee approved base salary increases for each of our named executive officers, effective as of their work anniversary date. The base salaries of our named executive officers remain below the peer group median values from the most recent study. The base salary increases were determined based on a review of peer salaries as well as the experience, performance, and contribution of each of our named executive officers.

Named Executive Officer	2025 Annual Base Salary		2026 Annual Base Salary		% Change
Thomas A. Broughton, III	$	785,000	$	875,000		11.5	%
Rodney E. Rushing		490,000		550,000		12.2	%
James H. Harper		280,000		300,000		7.1	%
David A. Sparacio		350,000		350,000		--

___________________

Performance Share Vesting Criteria. In January 2026, with the assistance of AON, our Compensation Committee reviewed relative TSR as the metric historically used to determine the number of performance shares earned at the end of a three-year performance period. The Compensation Committee determined that beginning with the grants in 2026, it would use the metrics of increase in tangible book value per share plus dividends, along with a relative TSR modifier, over a three-year performance period to determine the number of performance shares earned. These metrics were used to make grants to Mr. Broughton and Mr. Rushing in early 2026.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 29

Severance and Change in Control

We have entered into Change in Control Agreements with each of our named executive officers based upon our determination that financial institutions in the markets we operate routinely enter into change in control agreements with their executives. Each of these agreements provides the officer with certain employment protections for a two-year period following a change in control of the Company (the “Protected Period”). The Change in Control Agreements are “double-trigger” agreements, meaning that an executive’s employment must be terminated during the Protected Period in order to receive benefits under the agreement. If the officer’s employment is terminated during the Protected Period without Cause or by the officer with Good Reason (as those terms are defined in the Change in Control Agreements), the officer would be entitled to receive, among other benefits: (1) a cash severance payment equal to a specific multiple 2.99x for Mr. Broughton, 2x for Messrs. Rushing, Harper and Sparacio, 1.5x for Mr. Abbott and 1x for Mr. Woodie of the sum of (a) the officer’s base salary at the time of termination, and (b) the average cash bonus paid to the officer over the prior three years; and (2) a pro-rata bonus for the fiscal year in which the termination occurs. Each of the named executive officers would also be entitled to receive a lump sum cash payment equal to 18 months’ worth of COBRA premiums, based on the officer’s then-current coverage elections. In addition, certain pre-change in control terminations will be deemed to constitute change in control terminations if such terminations occur at the request or direction of a person who has entered into an agreement that would constitute a change in control upon consummation, or in connection with or anticipation of a change in control transaction with such person, subject to certain conditions. See “Executive Compensation — Potential Payments Upon Termination or Change in Control” for more information.

As a condition to receipt of any of the payments or benefits described in the Change in Control Agreements, each named executive officer would be required to execute a standard separation and release agreement containing a release of all claims, if any, against the Company within a 45-day period following the officer’s termination date. Each named executive officer would also be subject to certain confidentiality, non-competition and non-solicitation obligations and receipt of payments and benefits would be subject to the officer’s continued compliance with such obligations. Our officers agree to maintain the confidentiality of our confidential information. For a period of six months following such officer’s termination date, each of our officers has agreed to not engage in similar activities within a sixty (60) mile radius of any Company office, and has further agreed to not solicit any Company employees or customers for a period of one year following such officer’s termination date.

Our officers would not be entitled to any tax gross-ups for excise taxes that may be triggered under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended. However, our officers are entitled to receive the “best net” treatment, which means that if the total of all change in control payments due such officer exceeds the threshold that would trigger the imposition of excise taxes, the officer will either (1) receive all payments and benefits due and the officer will be responsible for paying all such taxes or (2) have such payments and benefits reduced such that imposition of the excise tax is no longer triggered, depending on which method provides the officer with the better after-tax result.

The Change in Control Agreements with Messrs. Broughton, Rushing, Abbott and Woodie had an initial term of five (5) years from execution through December 31, 2025 (two (2) years from execution in the case of Messrs. Harper and Sparacio), but are subject to additional five-year (or two-year, as applicable) “evergreen” renewal periods unless we provide written notice to the officer by June 30 of the final year in the then current term.

Our Stock Incentive Plan also allows for the accelerated vesting of equity awards in the event of a change in control. In general, under this Plan a “change in control” means a reorganization, merger or consolidation of the Company or the Bank with or into another entity where our stockholders before the transaction own less than 50% of our combined voting power after the transaction, a sale of all or substantially all of our assets or a purchase of more than 50% of the combined voting power of our outstanding capital stock in a single transaction or a series of related transactions by one “person” (as that term is used in Section 13(d) of the Exchange Act) or more than one person acting in concert.

Compensation Committee Report

The Compensation Committee of the Board of Directors of ServisFirst Bancshares, Inc. has reviewed and discussed the Compensation Discussion and Analysis for the Company for the year ended December 31, 2025 with management. In reliance on the reviews and discussions with management, the Compensation Committee recommended to the Board of Directors, and the Board of Directors has approved, that the Compensation Discussion and Analysis be included in the required Company filings with the SEC, including the Proxy Statement for the 2026 Annual Meeting of Stockholders.

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 30

The Compensation Committee Report shall not be deemed incorporated by reference in any document previously or subsequently filed with the SEC that incorporates by reference all or any portion of this Proxy Statement.

Submitted by the Compensation Committee:

Hatton C. V. Smith, Chairman

J. Richard Cashio
James J. Filler

Christopher J. Mettler

SERVISFIRST BANCSHARES, INC. – Notice of 2026 Annual Meeting of Stockholders and Proxy Statement 31

Compensation Tables

Summary Compensation Table

The following table sets forth the aggregate compensation paid by us or the Bank to our named executive officers:

Name and Principal Position Held	Year		Salary		Bonus⁽¹⁾		Stock Awards⁽²⁾		Non-Equity Incentive Plan Comp⁽³⁾		All Other Compensation⁽⁴⁾			Total
Thomas A. Broughton, III	2025	$	785,000	$	220,964	$	824,250	$	579,036	$	65,192	(5)	$	2,474,442
President and Chief	2024		746,000		375,455		783,300		124,545		63,728			2,093,028
Executive Officer	2023		721,000		264,968		757,050		340,673		56,297			2,139,984
Rodney E. Rushing	2025		490,000		91,831		245,000		258,169		33,300			1,118,300
EVP and Chief	2024		475,000		168,356		237,500		56,644		43,904			981,404
Operating Officer	2023		425,000		111,563		200,000		143,438		39,277			919,278
James H. Harper	2025		186,667		187,000		213,240		-		21,073			607,980
SVP and Chief