Servisfirst Bancshares Inc Stock Price, News & Analysis

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.

ServisFirst Bancshares, Inc. (NYSE: SFBS), the holding company for ServisFirst Bank, has announced a quarterly cash dividend of $0.30 per share. The dividend was declared by the Board of Directors at a meeting held on September 16, 2024. It will be payable on October 8, 2024, to stockholders of record as of October 1, 2024. This announcement demonstrates ServisFirst's commitment to returning value to its shareholders through regular dividend payments.

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), has received an exclusive statewide co-endorsement from the Texas Bankers Association (TBA) for its Agent Credit Card program. This endorsement allows TBA members to issue credit cards with their own bank's logo to commercial and retail customers. The program offers four card types, including platinum benefits and cash back rewards for both consumers and businesses, as well as a customized purchase card program for enhanced business control.

ServisFirst Bank provides credit card marketing and portfolio management services at no cost to TBA member banks. This marks ServisFirst Bank's tenth state endorsement, following previous endorsements from various state banking associations and the American Bankers Association since 2018.

ServisFirst Bancshares (NYSE:SFBS) has been ranked fourth among top publicly traded banks with assets between $10 billion to $50 billion, based on 2023 year-end data. This marks the third consecutive year ServisFirst has achieved a top-five ranking, and it's the only Alabama bank in the top ten.

The ranking, compiled by Capital Performance Group and published by American Banker, is based on each institution's three-year average return on average equity (ROAE). ServisFirst Bancshares, with $16 billion in assets, reported impressive financial metrics:

• 3-year average ROAE: 18.38%
• Return on average assets (ROAA): 1.37%
• Net interest margin (NIM): 2.81%
• Nonperforming assets/total assets: 0.13%
• Core deposits/total deposits: 91.30%

Top-performing banks maintained higher liquidity in 2023, contributing to their profitability in a rising rate environment. They also demonstrated stronger core deposit growth, helping to minimize deposit cost increases and support net interest margins.