Servisfirst Bancshares Inc Stock Price, News & Analysis

ServisFirst Bancshares, Inc. (SFBS) reported strong third-quarter results for 2021, with net income of $52.5 million, a 21% increase year-over-year. Diluted earnings per share rose to $0.96, up 20% from the same quarter in 2020. Total loans increased by $163.1 million, while deposits surged to $12.08 billion, reflecting a 25% year-over-year growth. The bank's liquidity reached $4.2 billion, and credit quality remained robust. However, non-interest income fell slightly, and operating expenses rose significantly, with a 29.4% increase compared to the previous year.

ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce its earnings for the quarter ended September 30, 2021, on October 18, 2021, at 4 p.m. ET. The announcement can be accessed through their website. Additionally, a live audio webcast will be held on the same day at 5:15 p.m. ET to discuss the results, with a replay available until October 29, 2021. ServisFirst Bancshares operates through its subsidiary, ServisFirst Bank, providing financial services across multiple locations in the Southeastern U.S.

ServisFirst Bancshares has declared a quarterly cash dividend of $0.20 per share, scheduled for payment on October 8, 2021. Stockholders must hold shares by the record date of October 1, 2021 to receive the dividend. The announcement reflects ServisFirst's commitment to returning value to its shareholders amidst business operations across multiple regions including Alabama, Florida, Tennessee, and Georgia.

ServisFirst Bancshares (NYSE: SFBS) reported strong financial performance for Q2 2021, with total loans increasing by $144.7 million, and a significant 28% annualized growth in loans excluding PPP loans. Diluted earnings per share rose to $0.92, up 23% year-over-year, while deposits surged 17% to $10.96 billion. Book value per share grew to $19.80, a 17% increase. The bank's liquidity reached record levels of approximately $3 billion at the Federal Reserve. Despite a 3% decline in net income from Q1 2021, the overall outlook remains optimistic with a robust loan pipeline.

ServisFirst Bank has announced the establishment of an International Department, to be managed by Tara Herd, who brings over 40 years of banking experience. The department will offer various international services, including letters of credit and foreign exchange, aiming to enhance service for commercial customers. ServisFirst, which has over $12 billion in assets, continues to focus on quality service and competitive products.

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), is expanding its operations by opening a new loan production office in Orlando, Florida, on July 1, 2021. The office will be located at 485 North Keller Road, Maitland, Florida. The leadership team includes four experienced bankers, with Ted Sheppe as President of Central Florida. The bank aims to enhance its client-oriented services and continues to grow its loan production capabilities in Florida. Currently, ServisFirst Bank's assets exceed $12 billion.

BIRMINGHAM, Ala., June 29, 2021 - ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce earnings for the quarter ended June 30, 2021, on July 19, 2021, at 4 p.m. ET. The earnings release will be available on their website. Following this, a live audio webcast discussing the results will take place at 5:15 p.m. ET on the same day, with a replay available until July 30, 2021. ServisFirst Bancshares provides various financial services across multiple states including Alabama, Florida, Tennessee, Georgia, and South Carolina.

BIRMINGHAM, Ala., June 21, 2021 - ServisFirst Bancshares, Inc. (NYSE: SFBS) announced a quarterly cash dividend of $0.20 per share, payable on July 9, 2021. The record date for stockholders is set for July 1, 2021. This decision reflects the company's ongoing commitment to providing shareholder value. ServisFirst Bancshares operates through ServisFirst Bank, offering a range of financial services across various states including Alabama, Florida, Tennessee, Georgia, and South Carolina.

ServisFirst Bancshares (NASDAQ: SFBS) announced its transfer of common stock listing to the New York Stock Exchange (NYSE) from NASDAQ, effective June 21, 2021. This move aims to align the company with globally recognized leaders and enhance long-term value for customers and shareholders. The stock will continue to trade on NASDAQ until market close on June 18, 2021. According to Chairman Tom Broughton, this transition is a significant step for the regional bank, which is known for its competitive products and advanced technology.