Welcome to our dedicated page for Servisfirst Bancshares news (Ticker: SFBS), a resource for investors and traders seeking the latest updates and insights on Servisfirst Bancshares stock.
Servisfirst Bancshares Inc (SFBS) delivers innovative banking solutions through its ServisFirst Bank subsidiary, serving commercial and consumer clients across the southern United States. This news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and strategic initiatives.
Access verified press releases and analysis covering earnings announcements, leadership changes, product launches, and regulatory filings. Our curated collection ensures efficient tracking of SFBS's growth in commercial banking, digital services expansion, and correspondent banking partnerships.
Key updates include quarterly financial results, branch network developments, treasury management innovations, and community banking collaborations. Bookmark this page for direct access to primary source materials that inform understanding of SFBS's market position and operational strategy.
ServisFirst Bank has promoted Nic Balanis and Bart McBride to Executive Vice President, Commercial Banking. Balanis, with 14 years at the bank, will lead the commercial lending and cash management teams, while McBride, a founding employee with 16 years of experience, will enhance sales leadership while continuing in commercial lending. The promotions aim to leverage their extensive industry experience and commitment to service to benefit customers. ServisFirst Bank has over $11 billion in assets and operates across multiple states.
ServisFirst Bank has appointed Rodney Rushing as the new Chief Operating Officer. Previously serving as Executive Vice President of Correspondent Banking, Rushing has significantly contributed to the Bank's growth, overseeing a division with over $1.9 billion in deposits and more than 300 relationships across 26 states. His 38 years of banking experience includes previous leadership roles at Compass Bank. This transition marks a strategic move to enhance the Bank's operational leadership as it focuses on executing its objectives amidst rising asset levels exceeding $11 billion.
ServisFirst Bancshares (NASDAQ: SFBS) reported significant financial growth for 2020, with diluted earnings per share rising 13% to $3.13. The fourth quarter saw a 24% increase in earnings per share to $0.94, while net income surged to $51 million, an 18% quarter-over-quarter increase. Deposits grew by 32% year-over-year, reaching nearly $10 billion. The book value per share rose to $18.41, marking a 17% increase. The cash dividend per share increased by 14% to $0.20. Despite the pandemic's challenges, the company maintained strong operational performance and client support.
ServisFirst Bancshares, Inc. (NASDAQ: SFBS) will announce its earnings and operating results for Q4 and full year 2020 on January 25, 2021, at 4 p.m. ET. A live audio webcast will follow at 5:15 p.m. ET, accessible via their website. The company, headquartered in Birmingham, Alabama, operates through its subsidiary, ServisFirst Bank, providing financial services across multiple states including Alabama, Florida, Tennessee, Georgia, and South Carolina. Details regarding future financial performance can be expected during this announcement.
On December 21, 2020, ServisFirst Bancshares, Inc. (NASDAQ: SFBS) announced an increase in its quarterly cash dividend from $0.175 to $0.20 per share. This dividend is payable on January 8, 2021, to shareholders of record as of January 1, 2021. ServisFirst has maintained a consistent annual dividend increase since its public offering in 2014. The company's expansion across multiple states continues to solidify its financial service offerings.
ServisFirst Bancshares reported strong Q3 2020 results with a 16% increase in diluted EPS, reaching $0.80. Deposits grew by 14%, and loans, excluding PPP loans, increased by 10%. The efficiency ratio improved to 28.50%, while net income was $43.4 million, up 15% year-over-year. The company continues to maintain a robust balance sheet with strong liquidity and credit quality. They are refinancing $34.5 million in subordinated notes with new notes at a 4% interest rate. Noninterest income rose 32%, driven by a surge in mortgage banking revenue.
ServisFirst Bancshares, Inc. (NASDAQ: SFBS) is set to announce its earnings and operating results for the quarter ending September 30, 2020, on October 19, 2020, at 4 p.m. ET. A live audio webcast will follow at 5:15 p.m. ET to discuss these results. The company, based in Birmingham, Alabama, operates numerous branches across the Southeastern U.S. and provides a variety of financial services. Detailed reports can be accessed through the SEC or the company's website.
ServisFirst Bancshares, Inc. (NASDAQ: SFBS) announced a quarterly cash dividend of $0.175 per share on September 21, 2020. This dividend will be payable on October 9, 2020, to stockholders on record as of October 1, 2020.
The company operates through its subsidiary, ServisFirst Bank, providing a range of financial services across several states, including Alabama, Florida, Tennessee, Georgia, and South Carolina.
ServisFirst Bancshares (NASDAQ: SFBS) reported strong financial results for Q2 2020, with a 14% increase in diluted earnings per share (EPS) to $0.75. The bank achieved record deposit growth of $1.5 billion and funded over 4,800 Payroll Protection Program loans totaling $1.05 billion. Asset quality improved, with nonperforming loans at 0.26% of total loans. Total assets surpassed $11 billion, reflecting an 18% year-over-year increase. However, net interest margin decreased to 3.32% from 3.58% sequentially, impacting profitability.
ServisFirst Bancshares, Inc. (NASDAQ: SFBS) will announce its earnings and operating results for the quarter ended June 30, 2020, on July 20, 2020, at 4 p.m. ET. A live audio webcast discussing these results will follow at 5:15 p.m. ET. Information regarding the event will be available on their website. The company operates a network of branches across Alabama, Florida, Tennessee, Georgia, and South Carolina, providing a range of financial services.
FAQ
What is the current stock price of Servisfirst Bancshares (SFBS)?
What is the market cap of Servisfirst Bancshares (SFBS)?
