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 (NYSE: SFBS) reported Q2 2024 earnings with diluted EPS growing from $0.92 in Q1 2024 to $0.95 in Q2 2024. Key highlights include:
- Net interest margin increased 13 basis points from Q1 2024
- Deposits grew 16% annualized from Q1 2024 and 8% year-over-year
- Loans grew 15% annualized from Q1 2024 and 6% year-over-year
- Non-performing assets to total assets at 0.23%
- Book value per share up 11% year-over-year to $27.71
- Entered the Auburn-Opelika, Alabama market
The bank reported strong loan and deposit growth, with net income of $52.1 million for Q2 2024, up 4.2% from Q1 2024 but down 2.5% year-over-year. Return on average assets was 1.34% and return on average equity was 14.08% for Q2 2024.
ServisFirst Bancshares (NYSE: SFBS) will release its second-quarter 2024 financial results on July 15, 2024, at 4 p.m. ET.
The results will be accessible on www.servisfirstbancshares.com.
An earnings discussion via live audio webcast is scheduled for the same day at 5:15 p.m. ET, also available on their website. The webcast replay will be available until July 31, 2024.
ServisFirst Bancshares (NYSE: SFBS) has declared a quarterly cash dividend of $0.30 per share. The announcement was made during a board meeting on June 17, 2024. Shareholders on record as of July 1, 2024, will receive the dividend payment on July 9, 2024. This reflects the company's commitment to returning value to its shareholders.
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