Statements in this press release that are not historical facts, including, but not limited to, statements concerning future operations, results or performance, are hereby identified as "forward-looking statements" for the purpose of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. The words "believe," "expect," "anticipate," "project," “plan,”, “intend,” “will,” “would,” “might” and similar expressions often signify forward-looking statements. Such statements involve inherent risks and uncertainties. ServisFirst Bancshares, Inc. cautions that such forward-looking statements, wherever they occur in this press release or in other statements attributable to ServisFirst Bancshares, Inc. are necessarily estimates reflecting the judgment of ServisFirst Bancshares, Inc.’s senior management and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Such forward-looking statements should, therefore, be considered in light of various factors that could affect the accuracy of such forward-looking statements including: general economic conditions, especially in the credit markets and in the Southeast; the performance of the capital markets; changes in interest rates, yield curves and interest rate spread relationships; changes in accounting and tax principles, policies or guidelines; changes in legislation or regulatory requirements; changes in our loan portfolio and the deposit base;, possible changes in laws and regulations and governmental monetary and fiscal policies, including, but not limited to, economic stimulus initiatives and so-called “bailout” initiatives; the cost and other effects of legal and administrative cases and similar contingencies; possible changes in the creditworthiness of customers and the possible impairment of the collectibility of loans and the value of collateral; the effect of natural disasters, such as hurricanes, in our geographic markets; and increased competition from both banks and non-bank financial institutions. The foregoing list of factors is not exhaustive. For discussion of these and other risks that may cause actual results to differ from expectations, please refer to “Risk Factors” in our most recent Annual Report on Form 10-K and our other SEC filings. If one or more of the factors affecting our forward-looking information and statements proves incorrect, then our actual results, performance or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained herein. Accordingly, you should not place undue reliance on any forward-looking statements, which speak only as of the date made. ServisFirst Bancshares, Inc. assumes no obligation to update or revise any forward-looking statements that are made from time to time.

SERVISFIRST BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except shares and per share data)

	Three Months Ended
	June 30,				March 31,
	2009		2008		2009
	(Unaudited)		(Unaudited)		(Unaudited)
Total interest income	$	14,979	$	13,341	$	13,937
Total interest expense		4,478		4,647		4,891
Net interest income before provision		10,501		8,694		9,046
Provision for loan losses		2,608		2,137		2,460
Net interest income		7,893		6,557		6,586
Total noninterest income		1,282		695		919

Salaries and employee benefits		3,590		2,400		3,367
Other noninterest expense		3,292		2,130		3,065
Total noninterest expense		6,882		4,530		6,432
Income before taxes		2,293		2,722		1,073
Income taxes		734		972		352
Net income	$	1,559	$	1,750	$	721

Basic earnings per share	$	0.28	$	0.34	$	0.13
Diluted earnings per share	$	0.27	$	0.33	$	0.13
Average basic shares		5,513,482		5,113,482		5,401,914
Average fully diluted shares		5,809,655		5,290,093		5,689,409

	Six Months Ended June 30,
	2009		2008
	(Unaudited)		(Unaudited)
Total interest income	$	28,915	$	27,176
Total interest expense		9,369		10,395
Net interest income before provision		19,546		16,781
Provision for loan losses		5,068		3,519
Net interest income		14,478		13,262
Total noninterest income		2,202		1,238

Salaries and employee benefits		6,956		5,227
Other noninterest expense		6,359		4,133
Total noninterest expense		13,315		9,360
Income before taxes		3,365		5,140
Income taxes		1,086		1,820
Net income	$	2,279	$	3,320

Basic earnings per share	$	0.42	$	0.65
Diluted earnings per share	$	0.40	$	0.63
Average basic shares		5,458,006		5,113,482
Average fully diluted shares		5,750,527		5,287,917

SERVISFIRST BANCSHARES, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands)

	June 30, 2009			June 30, 2008			December 31, 2008
	(Unaudited)			(Unaudited)			(Audited)
ASSETS
Cash and due from banks	$	19,490		$	27,049		$	53,618
Investment securities		111,814			91,773			102,339
Restricted equity securities		3,241			2,658			2,659
Federal funds sold and other investments		76,978			72			19,300
Mortgage loans held for sale		8,023			3,869			3,320
Loans		1,111,744			836,520			968,233
Reserve for loan losses		(13,567	)		(9,438	)		(10,602	)
Net loans		1,098,177			827,082			957,631
Foreclosed real estate		9,239			8,202			10,473
Other assets		15,381			12,405			12,932
Total assets	$	1,342,343		$	973,110		$	1,162,272

LIABILITIES
Liabilities:
Noninterest-bearing	$	139,169		$	97,066		$	121,459
Interest-bearing		1,067,316			750,359			915,860
Total deposits		1,206,485			847,425			1,037,319
Borrowings		40,073			46,622			35,087
Interest payable		1,071			1,336			1,280
Other liabilities		1,822			2,857			1,803
Total liabilities		1,249,451			898,240			1,075,489

Stockholders' equity		92,892			74,870			86,783
Total liabilities and stockholders' equity	$	1,342,343		$	973,110		$	1,162,272

SERVISFIRST BANCSHARES, INC.

Key Ratios

	Three Months Ended
	June 30,						March 31,
	2009			2008			2009
	(Unaudited)			(Unaudited)			(Unaudited)
Return on average assets		0.48	%		0.74	%		0.25	%
Return on average equity		6.77	%		9.31	%		3.27	%
Net interest margin (fully tax equivalent)		3.39	%		3.84	%		3.21	%
Efficiency ratio		58.41	%		48.25	%		64.55	%


	Six Months Ended June 30,
	2009			2008
	(Unaudited)			(Unaudited)
Return on average assets		0.37	%		0.73	%
Return on average equity		5.10	%		8.95	%
Net interest margin (fully tax equivalent)		3.30	%		3.77	%
Efficiency ratio		61.22	%		51.94	%


	6/30/2009			6/30/2008			3/31/2009
	(unaudited)			(unaudited)			(unaudited)
Book value per share	$	16.85		$	14.65		$	16.55
Tangible book value per share	$	16.85		$	14.65		$	16.55
% of reserve for loan losses to total loans		1.22	%		1.13	%		1.21	%
Nonperforming assets to total loans
plus foreclosed real estate		2.18	%		1.57	%		2.25	%

§	Net income up 116% over 1st quarter, to $1.56 million
§	Tier 2 capital in Bank exceeds $124 million
§	FDIC special assessment fully expensed in 2nd quarter
§	Net interest margin improved 18 basis points quarter/quarter