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, Inc. (NYSE: SFBS) announced a quarterly cash dividend of $0.23 per share, approved by its Board of Directors on June 21, 2022. This dividend is payable on July 8, 2022, to stockholders of record as of July 1, 2022. The firm, based in Birmingham, Alabama, offers a range of financial services through ServisFirst Bank across various states including Georgia, Florida, and Tennessee.
ServisFirst Bancshares (NYSE:SFBS) has promoted Angel Stinson to Chief Credit Officer for the Huntsville/North Alabama region. Stinson, with over 25 years of banking experience, has been with ServisFirst since 2018. In her new role, she will oversee the credit approval process and lead a team of credit analysts. The bank recently reported assets exceeding $15 billion, emphasizing its commitment to quality service and competitive products. CEO Andy Kattos praised Stinson's achievements and industry knowledge, highlighting her importance to the Huntsville team.
ServisFirst Bank, part of ServisFirst Bancshares (NYSE:SFBS), has appointed two local banking leaders in Charlotte. Craig May, III will serve as the Charlotte Regional President, bringing over 35 years of experience, having previously worked with JPMorgan Chase and Wells Fargo. Robert Shell, II joins as Executive Vice President and Chief Credit Officer, with 28 years of experience in various leadership roles. This strategic addition aims to enhance customer service and growth in the Charlotte market.
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ServisFirst Bank has announced the opening of a new Loan Production Office (LPO) in Tallahassee, Florida, expanding its business operations in the state. This initiative is complemented by the appointment of four experienced bankers: Steven Lohbeck as Senior Vice President and Market President, Alex Corder as Vice President of Commercial Banking, Jessica Corley as Vice President Cash Management Officer, and Ryan Wolfkill as Vice President Credit Officer. The bank's assets now exceed $15 billion, highlighting its growth and commitment to quality service.
ServisFirst Bancshares, NYSE:SFBS, reported strong Q1 2022 results with a 12% increase in diluted earnings per share to $1.06, compared to Q1 2021. Excluding Paycheck Protection Program (PPP) loans, earnings rose 25% year-over-year. Total loans grew by $366 million, while total deposits reached $12.4 billion, a 17% annual increase. Return on equity was over 20%, signaling robust performance. However, non-interest income declined by 6.1% to $7.9 million, and non-performing assets slightly increased.
ServisFirst Bank has received an exclusive endorsement from the Washington Bankers Association for its Agent Credit Card program. This program allows WBA members to issue branded credit cards to their clients, enhancing customer service and transparency. The endorsement highlights the bank's strong product offerings and successful track record in other states. ServisFirst Bank also manages over 140 community bank credit card programs nationwide. Additionally, the bank has announced its assets have surpassed $15 billion.
ServisFirst Bancshares, Inc. (NYSE: SFBS) is set to announce its earnings for Q1 2022 on April 18, 2022, at 4 p.m. ET. A live audio webcast will follow at 5:15 p.m. ET, accessible through their website. The company, headquartered in Birmingham, Alabama, offers financial services through its subsidiary, ServisFirst Bank, across several locations including Alabama, Florida, Tennessee, Georgia, and South Carolina. Investors can also review periodic reports filed with the SEC for detailed financial data.
ServisFirst Bancshares, Inc. (NYSE: SFBS) declared a quarterly cash dividend of $0.23 per share on March 21, 2022. This dividend is scheduled to be paid on April 8, 2022, to stockholders of record as of April 1, 2022. The company, based in Birmingham, Alabama, provides a range of financial services through its subsidiary, ServisFirst Bank, operating in various regions including Alabama and Tennessee.
ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), has announced its expansion into Charlotte, North Carolina, with the opening of ServisFirst Bank Piedmont.
Rick Manley has been appointed as Regional President and CEO for this new location. He brings over 40 years of banking experience, having previously served as Mid Atlantic President at First Horizon Bank.
This strategic move aims to enhance personalized banking services in the Charlotte market, leveraging Manley's extensive background in commercial banking and strategy development.