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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.
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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.
ServisFirst Bancshares (NYSE: SFBS) reported strong third-quarter earnings for the period ending September 30, 2022. The diluted earnings per share rose 22% year-over-year to $1.17. Total loans increased by $661.3 million (25% annualized), with a book value per share up 11% year-over-year. However, a preliminary settlement and write-down resulted in a charge of $2.4 million. The return on average common stockholders' equity stood at 20.49%. The efficiency ratio improved to 31.54%, reflecting operational efficiency despite rising expenses.
ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce its earnings for the quarter ended September 30, 2022, on October 17, 2022, at 4 p.m. ET. The earnings report will be accessible on their website. A live audio webcast to discuss these results is scheduled for the same day at 5:15 p.m. ET, also available on their website. A replay will be accessible until October 31, 2022.
ServisFirst Bancshares, Inc. has announced a quarterly cash dividend of $0.23 per share, which will be payable on October 7, 2022. This dividend is for stockholders recorded as of October 3, 2022, and was declared by the Board of Directors during a meeting held on September 19, 2022.
Based in Birmingham, Alabama, ServisFirst Bancshares offers a range of business and personal financial services through its subsidiary ServisFirst Bank in multiple locations.
ServisFirst Bancshares, Inc. (NYSE: SFBS) reported strong earnings for Q2 2022, with diluted earnings per share rising to $1.14, a 24% year-over-year increase. Key metrics include a 29% annualized growth in total loans, reaching $10.62 billion, and a 7% increase in deposits to $11.77 billion. The company expanded into the Tallahassee, Florida market and achieved a return on equity of 21%. Despite increased non-interest expenses, the efficiency ratio remained competitive. Overall, the financial results reflect robust profitability and market growth.
ServisFirst Bank has announced its expansion into Western North Carolina with the opening of a new branch in Asheville. This location will be led by local bankers, Bryan Boone and Tammy Baldwin, who bring extensive experience in commercial and small business lending. Boone, serving as Regional President, has 22 years of experience, while Baldwin takes on the role of Business Services Officer, focusing on client relationships and small business services. The bank, a subsidiary of ServisFirst Bancshares (NYSE: SFBS), reports assets exceeding $15 billion.
ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce earnings for the quarter ending June 30, 2022, on July 18, 2022, at 4 p.m. ET. Following this, a live audio webcast discussing the results will take place at 5:15 p.m. ET on the same day. The earnings release and the audio webcast will be accessible via the company's website. ServisFirst Bancshares is based in Birmingham, Alabama, and offers financial services through its subsidiary, ServisFirst Bank, across several regions.