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 Bancshares (NYSE: SFBS) reported earnings for Q1 2023, with diluted earnings per share remaining at $1.06, a 7% increase when adjusted for PPP loan income in 2022. The bank saw a 23% rise in new accounts opened year-over-year, contributing to a $69 million growth in deposits. Total assets stood at approximately $14.57 billion, with a Tier 1 capital ratio improving to 9.91%. However, net income fell by 14% from the previous quarter to $58.0 million, and net interest income decreased to $108.3 million. The efficiency ratio increased to 34.60%. Despite these challenges, credit quality remained strong with non-performing assets at 0.12%. Overall, the bank is focused on growth while maintaining financial stability.
ServisFirst Bancshares (NYSE:SFBS) has announced the election of Dr. Betsy Bugg Holloway to its Board of Directors. Dr. Holloway brings significant experience as a global marketing executive, currently serving as Vice President for Advancement and Marketing at Samford University. Her leadership has reportedly driven substantial growth in enrollment and philanthropic engagement at the university. With a Ph.D. in marketing, she has also held various academic positions and engaged in community service through several boards. Chairman Tom Broughton expressed confidence in her ability to contribute positively to ServisFirst’s mission and enhance shareholder value.
ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce its earnings and operating results for the quarter ended March 31, 2023, on April 17, 2023, at 4 p.m. ET. Following the announcement, a live audio webcast discussing the results will occur at 5:15 p.m. ET, with a replay available until April 30, 2023. The company provides a diverse range of financial services through its subsidiary, ServisFirst Bank, across Alabama, Florida, Georgia, North and South Carolina, and Tennessee. For further details, visit www.servisfirstbancshares.com.
ServisFirst Bancshares (NYSE:SFBS) has announced the expansion of its Correspondent Banking Division into Texas, enhancing its operations across 27 states for 344 correspondent bank customers. Veteran banker Don Dickerson has been appointed as Senior Vice President for this division, bringing decades of industry experience. This strategic move aims to provide quality banking solutions and improve profitability for client banks. Currently, ServisFirst Bank boasts assets exceeding $14 billion and continues to focus on delivering exceptional service nationwide.
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