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. (NYSE: SFBS) is a bank holding company based in Birmingham, Alabama, with operations conducted through ServisFirst Bank, a full-service commercial bank. News about SFBS often centers on its commercial banking activities, regional expansion and financial performance across markets in Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, Virginia and Texas.
Company news releases highlight topics such as quarterly and annual earnings results, dividend declarations by the Board of Directors and updates to investor presentations. Earnings announcements describe trends in net income, net interest margin, loan and deposit growth, capital ratios, non-performing assets and efficiency measures, as well as the use of non-GAAP metrics like adjusted net income and adjusted diluted earnings per share.
ServisFirst news also covers strategic developments at ServisFirst Bank, including the formation of new offices and expansion into additional markets. For example, the bank has reported opening an office in Houston, Texas, following earlier introduction of correspondent banking services in the state. Leadership announcements detail appointments such as Chief Banking Officer, Sales Manager and Regional CEOs in various regions, reflecting the bank’s focus on commercial banking, correspondent banking, treasury management, private banking and the professional consumer market.
Dividend-related news items describe quarterly cash dividends, including increases in the dividend rate and information on record and payment dates. Together, these news categories provide insight into ServisFirst Bancshares, Inc.’s operating performance, capital management, geographic growth and organizational developments. Investors and observers can use this news stream to follow how the company manages its commercial banking franchise and responds to conditions in its regional markets.
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.
On March 20, 2023, ServisFirst Bancshares, Inc. (NYSE: SFBS) declared a quarterly cash dividend of $0.28 per share. This dividend will be payable on April 10, 2023, to shareholders on record as of April 3, 2023. The company, based in Birmingham, Alabama, provides comprehensive financial services through its subsidiary, ServisFirst Bank, with operations in various locations including Atlanta, Charlotte, and Nashville. The consistent dividend payment reflects the company's commitment to returning value to its investors.
ServisFirst Bancshares, Inc. (NYSE: SFBS) reported robust earnings for Q4 2022, with diluted earnings per share at $1.24, a 25% increase year-over-year. For the entire year, EPS reached $4.61, up 21%. Total deposits increased by $494.9 million (18%) to $11.6 billion, while total loans surged by 23% to $11.7 billion in 2022. The efficiency ratio improved to 29.45%, down from 35.47% a year prior. The quarterly cash dividend rose by 22% to $0.28. The company’s Chairman highlighted growth in footprint and profitability, with strong credit quality metrics maintained. Key financial ratios also showed improvement, including a return on average assets of 1.89%. The effective tax rate increased significantly in Q4 2022.
ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce its earnings and operating results for the quarter and year ended December 31, 2022, on January 23, 2023, at 4 p.m. ET. A live audio webcast discussing these results will follow at 5:15 p.m. ET, with a replay available until February 3, 2023. The company provides financial services through ServisFirst Bank across several states, including Alabama and Florida. Interested parties can access the news release and webcast via the company's website.
ServisFirst Bancshares, Inc. (NYSE: SFBS) announced a quarterly cash dividend increase from $0.23 to $0.28 per share, decided in a meeting on December 19, 2022. The new dividend will be paid on January 6, 2023, to stockholders of record as of January 3, 2023. This marks the company's commitment to increasing dividends annually since its public offering in 2014, reflecting confidence in its financial stability and shareholder returns.
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