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. reports news centered on its role as the holding company for ServisFirst Bank, a commercial banking franchise serving business and personal customers across Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, Texas and Virginia. Company updates commonly cover commercial, consumer and other lending, deposit activity, electronic banking, treasury and cash management services, and correspondent banking for other financial institutions.
Recurring news themes include quarterly earnings and operating results, net interest margin, loan and deposit growth, liquidity, capital ratios, dividend declarations, market expansion and bank leadership appointments. The company’s releases also discuss franchise growth and operating efficiency within its single banking business.
ServisFirst Bancshares has declared a quarterly cash dividend of $0.20 per share, scheduled for payment on October 8, 2021. Stockholders must hold shares by the record date of October 1, 2021 to receive the dividend. The announcement reflects ServisFirst's commitment to returning value to its shareholders amidst business operations across multiple regions including Alabama, Florida, Tennessee, and Georgia.
ServisFirst Bancshares (NYSE: SFBS) reported strong financial performance for Q2 2021, with total loans increasing by $144.7 million, and a significant 28% annualized growth in loans excluding PPP loans. Diluted earnings per share rose to $0.92, up 23% year-over-year, while deposits surged 17% to $10.96 billion. Book value per share grew to $19.80, a 17% increase. The bank's liquidity reached record levels of approximately $3 billion at the Federal Reserve. Despite a 3% decline in net income from Q1 2021, the overall outlook remains optimistic with a robust loan pipeline.
ServisFirst Bank has announced the establishment of an International Department, to be managed by Tara Herd, who brings over 40 years of banking experience. The department will offer various international services, including letters of credit and foreign exchange, aiming to enhance service for commercial customers. ServisFirst, which has over $12 billion in assets, continues to focus on quality service and competitive products.
ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), is expanding its operations by opening a new loan production office in Orlando, Florida, on July 1, 2021. The office will be located at 485 North Keller Road, Maitland, Florida. The leadership team includes four experienced bankers, with Ted Sheppe as President of Central Florida. The bank aims to enhance its client-oriented services and continues to grow its loan production capabilities in Florida. Currently, ServisFirst Bank's assets exceed $12 billion.
BIRMINGHAM, Ala., June 29, 2021 - ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce earnings for the quarter ended June 30, 2021, on July 19, 2021, at 4 p.m. ET. The earnings release will be available on their website. Following this, a live audio webcast discussing the results will take place at 5:15 p.m. ET on the same day, with a replay available until July 30, 2021. ServisFirst Bancshares provides various financial services across multiple states including Alabama, Florida, Tennessee, Georgia, and South Carolina.
BIRMINGHAM, Ala., June 21, 2021 - ServisFirst Bancshares, Inc. (NYSE: SFBS) announced a quarterly cash dividend of $0.20 per share, payable on July 9, 2021. The record date for stockholders is set for July 1, 2021. This decision reflects the company's ongoing commitment to providing shareholder value. ServisFirst Bancshares operates through ServisFirst Bank, offering a range of financial services across various states including Alabama, Florida, Tennessee, Georgia, and South Carolina.
ServisFirst Bancshares (NASDAQ: SFBS) announced its transfer of common stock listing to the New York Stock Exchange (NYSE) from NASDAQ, effective June 21, 2021. This move aims to align the company with globally recognized leaders and enhance long-term value for customers and shareholders. The stock will continue to trade on NASDAQ until market close on June 18, 2021. According to Chairman Tom Broughton, this transition is a significant step for the regional bank, which is known for its competitive products and advanced technology.
Summary not available.
Jason Costello has been appointed as Pinellas County Executive at ServisFirst Bank in Tampa. With over 16 years in banking, he aims to enhance the bank's outreach in the Tampa Bay area. His extensive background includes various roles such as Commercial Banking Team Lead and Branch Manager. ServisFirst Bank recently reported assets exceeding $11 billion, emphasizing a commitment to quality service and innovative banking solutions. This strategic hire is expected to drive growth in commercial banking services in the region.
ServisFirst Bank expands its operations in Florida by opening a Loan Production Office in Orlando, with a team of four banking professionals led by Ted Sheppe as President. The new team includes Amy Carlson, Jennifer Travis, and Michael Chong, all bringing extensive experience in commercial banking. This move aims to strengthen ServisFirst’s loan production services and build client relationships. The bank recently reported assets exceeding $11 billion and has consistently earned investment-grade ratings from Kroll Bond Rating Agency.