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, 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.
ServisFirst Bancshares (NYSE: SFBS) reported strong financial results for Q4 and 2021. Diluted earnings per share rose 5% year-over-year to $0.99, with adjusted EPS at $1.03, a 10% increase. Total loans grew 13% to $9.5 billion, while deposits increased by 25% to $12.45 billion. The annual net income reached $207.7 million, a 23% rise, and book value per share increased by 15% to $21.24. A cash dividend hike of 15% was also announced. The company emphasized continued focus on efficiency and leveraging excess liquidity.
ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce its earnings and operating results for the quarter and year ending December 31, 2021, on January 24, 2022, at 4 p.m. ET. A live audio webcast discussing these results will occur at 5:15 p.m. ET on the same day. ServisFirst Bancshares provides various financial services through its subsidiary, ServisFirst Bank, across multiple states including Alabama and Florida. For further details, the earnings release will be available on their website.
On December 20, 2021, ServisFirst Bancshares, Inc. (NYSE: SFBS) announced a quarterly cash dividend increase from $0.20 to $0.23 per share. This dividend is payable on January 7, 2022 to stockholders of record as of January 1, 2022. Notably, ServisFirst has consistently raised its dividend annually since going public in 2014, reflecting the company’s commitment to shareholder returns.
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.