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, Inc. (NASDAQ: SFBS) declared a quarterly cash dividend of $0.175 per share on June 15, 2020. The dividend is payable on July 10, 2020, to shareholders of record as of July 1, 2020. This announcement reflects the company's commitment to return value to its shareholders amid its ongoing operations across several states including Alabama, Florida, Tennessee, Georgia, and South Carolina.
ServisFirst Bancshares (NASDAQ: SFBS) has been recognized as one of the top 10 community banks in the United States, ranking ninth out of 255 banks nationwide according to the 2019 Raymond James Community Bankers Cup. This marks the sixth consecutive year the bank has achieved this honor. The ranking is based on key financial metrics including nonperforming assets, core deposit percentages, net interest margin, and return on assets. This award underscores the bank's commitment to profitability and operational efficiency.
ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NASDAQ: SFBS), announced the approval and funding of over 3,700 Paycheck Protection Program loans totaling over $1 billion in just four weeks. The bank enhanced its systems to support clients during this critical time, with a focus on fulfilling loan requests. CEO Tom Broughton emphasized the importance of relationships and client success. ServisFirst Bank also assisted new clients in navigating the program, aiming for efficient service and building new business opportunities.
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