ServisFirst Bancshares Inc

Latest Results (27.12.2024):

Net Income Growth

ServisFirst Bancshares, Inc. reported a net income of $59.9 million for the third quarter of 2024, marking a 15% increase from the second quarter of 2024 and a 12% increase year-over-year. This growth reflects the company's strong financial performance and effective management strategies during this period.

Earnings Per Share

The diluted earnings per share (EPS) for ServisFirst Bancshares, Inc. in the third quarter of 2024 was $1.10, showing a 16% increase from the previous quarter and a 12% rise compared to the same quarter in 2023. This improvement in EPS indicates enhanced profitability and shareholder value.

Net Interest Margin

ServisFirst Bancshares, Inc. achieved a net interest margin of 2.84% in the third quarter of 2024, up from 2.79% in the second quarter of 2024 and 2.64% in the third quarter of 2023. The increase in net interest margin highlights the company's ability to effectively manage its interest income and expenses.

Loan and Deposit Growth

In the third quarter of 2024, ServisFirst Bancshares, Inc. saw its loans grow by 6.0% year-over-year, reaching $12.34 billion. Additionally, average total deposits increased by 6.6% year-over-year, amounting to $13.52 billion. These figures demonstrate the company's successful expansion in its lending and deposit-taking activities.

Credit Quality and Liquidity

ServisFirst Bancshares, Inc. maintained strong credit quality with non-performing assets to total assets at 0.25% in the third quarter of 2024. The company also reported solid liquidity, with over $1.76 billion in cash and no Federal Home Loan Bank advances or brokered deposits, ensuring financial stability and resilience.