Servisfirst Bancshares Inc Stock Price, News & Analysis

ServisFirst Bank (NYSE:SFBS) has appointed Jim Harper as Senior Vice President and Chief Credit Officer. Harper brings over 20 years of banking industry experience, including more than a decade in senior credit roles with regional financial institutions.

In his most recent position, Harper served as Executive Vice President, Senior Credit Risk Officer within a corporate banking group, where he was instrumental in credit decisioning and administration. He holds a BBA in Economics from Mississippi State University and an MBA from Vanderbilt University's Owen Graduate School of Management.

The current Chief Credit Officer, Henry Abbott, will transition to a consulting position within the bank and continue supporting the credit team during the transition period.

ServisFirst Bancshares (NYSE: SFBS) reported strong Q1 2025 financial results with diluted earnings per share of $1.16, up 26.1% year-over-year. The bank demonstrated robust growth with deposits increasing by $886 million (26% annualized) and loans growing by $281 million (9% annualized) during the quarter.

Key financial metrics include:

• Net income of $63.2 million
• Return on average equity increased to 15.63% from 13.82% year-over-year
• Book value per share reached $30.56, up 12.9% year-over-year
• Strong liquidity position with $3.3 billion in cash (18% of total assets)
• Consolidated common equity tier 1 capital ratio improved to 11.48%

The bank maintained solid asset quality with non-performing assets at 0.40% of total assets and an allowance for credit losses at 1.28% of total loans. The efficiency ratio improved to 34.97% from 43.30% year-over-year.

ServisFirst Bancshares (NYSE: SFBS) has scheduled its first quarter 2025 earnings announcement for April 21, 2025, at 4 p.m. ET. The company will follow up with a live audio webcast at 5:15 p.m. ET on the same day to discuss the quarterly results and earnings.

Investors can access both the earnings release and the webcast through the company's website at www.servisfirstbancshares.com. A replay of the earnings call will remain available until April 30, 2025.

ServisFirst Bancshares (NYSE: SFBS) has announced its quarterly cash dividend declaration for the first quarter of 2025. The company's Board of Directors has approved a dividend of $0.335 per share. The dividend will be paid on April 9, 2025, to stockholders who are on record as of April 1, 2025.

ServisFirst Bank (NYSE:SFBS) has appointed David Sparacio as its new Chief Financial Officer, effective March 10, 2025. Sparacio brings over three decades of experience in banking and financial management, with expertise in corporate finance, accounting, and operational leadership.

The appointment follows an extensive nationwide search by Chartwell Partners. Sparacio will oversee the bank's financial strategy, regulatory reporting, and accounting operations. He holds degrees from the University of New Orleans, Loyola University New Orleans, and the U.S. Army War College, and currently serves as a Colonel in the U.S. Army Reserve.

Ed Woodie, who has served as interim CFO since October 2024, will transition the role to Sparacio.

ServisFirst Bancshares (NYSE: SFBS) reported strong Q4 2024 results with diluted earnings per share of $1.19, up 8% from Q3 2024 and 31% from Q4 2023. The company showed significant growth with deposits increasing by $397 million (12% annualized) and loans growing by $268 million (9% annualized) during the quarter.

Key financial highlights include net income of $65.2 million, a net interest margin increase of 12 basis points from Q3, and net interest income growth of $8.0 million (28% annualized). The company maintained strong liquidity with $2.4 billion in cash and no FHLB advances or brokered deposits. Credit quality remained robust with non-performing assets to total assets at 0.26%.

The company increased its cash dividend by 12% from $0.30 to $0.335 per share. Book value per share reached $29.63, up 12.0% year-over-year. The consolidated common equity tier 1 capital ratio improved from 10.91% to 11.42% year-over-year.

ServisFirst Bancshares (NYSE: SFBS) has announced it will release its fourth quarter and full-year 2024 financial results on January 27, 2025 at 4 p.m. ET. The company will follow the release with a live audio webcast at 5:15 p.m. ET on the same day to discuss the earnings and results. Both the news release and webcast will be accessible through the company's website at www.servisfirstbancshares.com. A replay of the earnings call will remain available until February 10, 2025.

ServisFirst Bancshares (NYSE: SFBS) announced a 12% increase in its quarterly cash dividend, raising it from $0.30 to $0.335 per share. The dividend will be paid on January 10, 2025, to stockholders of record as of January 2, 2025. The company has maintained a consistent track record of increasing its dividend annually since its initial public offering in 2014.

ServisFirst Bancshares, Inc. (NYSE: SFBS) reported strong financial results for Q3 2024. Diluted EPS grew 16% from Q2 2024 and 12% year-over-year. Net income increased by 15% from Q2 2024 and 12% year-over-year. The company saw improvements in key metrics:

- Net interest margin increased 5 basis points from Q2 2024 to 2.84%
- Non-interest-bearing deposits grew by $101 million (16% annualized) from Q2 2024
- Loans grew by 6.0% year-over-year
- Non-performing assets to total assets remained low at 0.25%
- Book value per share increased 12% year-over-year to $28.79

The company maintained strong liquidity with over $1.76 billion in cash and no FHLB advances or brokered deposits. Credit quality remained robust, and the efficiency ratio improved to 36.9% for the quarter.