ServisFirst Bancshares, Inc. Increases Quarterly Cash Dividend by 14%

Rhea-AI Summary

On December 21, 2020, ServisFirst Bancshares, Inc. (NASDAQ: SFBS) announced an increase in its quarterly cash dividend from $0.175 to $0.20 per share. This dividend is payable on January 8, 2021, to shareholders of record as of January 1, 2021. ServisFirst has maintained a consistent annual dividend increase since its public offering in 2014. The company's expansion across multiple states continues to solidify its financial service offerings.

Positive

• Quarterly cash dividend increased from $0.175 to $0.20 per share.
• Dividend payable on January 8, 2021, reflects strong shareholder returns.
• Consistent annual dividend increases since going public in 2014.

Negative

• None.

News Market Reaction – SFBS

-0.25%

-0.25% Session move

In the trading session that priced this news, SFBS declined 0.25%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BIRMINGHAM, Ala., Dec. 21, 2020 (GLOBE NEWSWIRE) -- ServisFirst Bancshares, Inc., (NASDAQ: SFBS) (“ServisFirst”), the holding company for ServisFirst Bank, today announces: At a meeting held on December 21, 2020, its Board of Directors increased the company’s quarterly cash dividend from $0.175 per share to $0.20 per share. The dividend is payable on January 8, 2021 to stockholders of record as of January 1, 2021.  ServisFirst has increased its dividend annually since the company went public in 2014.

About ServisFirst Bancshares, Inc.

ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary, ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Birmingham, Huntsville, Mobile, Montgomery and Dothan, Alabama, Pensacola, Sarasota and Tampa Bay, Florida, Nashville, Tennessee, Atlanta, Georgia, and Charleston, South Carolina. ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (SEC). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbank.com.

More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbank.com or by calling (205) 949-0302.

Contact: ServisFirst Bank
Davis Mange (205) 949-3420
DMange@servisfirstbank.com