ServisFirst Bancshares Inc. - SFBS STOCK NEWS

ServisFirst Bancshares (NYSE:SFBS) has announced the election of Dr. Betsy Bugg Holloway to its Board of Directors. Dr. Holloway brings significant experience as a global marketing executive, currently serving as Vice President for Advancement and Marketing at Samford University. Her leadership has reportedly driven substantial growth in enrollment and philanthropic engagement at the university. With a Ph.D. in marketing, she has also held various academic positions and engaged in community service through several boards. Chairman Tom Broughton expressed confidence in her ability to contribute positively to ServisFirst’s mission and enhance shareholder value.

ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce its earnings and operating results for the quarter ended March 31, 2023, on April 17, 2023, at 4 p.m. ET. Following the announcement, a live audio webcast discussing the results will occur at 5:15 p.m. ET, with a replay available until April 30, 2023. The company provides a diverse range of financial services through its subsidiary, ServisFirst Bank, across Alabama, Florida, Georgia, North and South Carolina, and Tennessee. For further details, visit www.servisfirstbancshares.com.

ServisFirst Bancshares (NYSE:SFBS) has announced the expansion of its Correspondent Banking Division into Texas, enhancing its operations across 27 states for 344 correspondent bank customers. Veteran banker Don Dickerson has been appointed as Senior Vice President for this division, bringing decades of industry experience. This strategic move aims to provide quality banking solutions and improve profitability for client banks. Currently, ServisFirst Bank boasts assets exceeding $14 billion and continues to focus on delivering exceptional service nationwide.

On March 20, 2023, ServisFirst Bancshares, Inc. (NYSE: SFBS) declared a quarterly cash dividend of $0.28 per share. This dividend will be payable on April 10, 2023, to shareholders on record as of April 3, 2023. The company, based in Birmingham, Alabama, provides comprehensive financial services through its subsidiary, ServisFirst Bank, with operations in various locations including Atlanta, Charlotte, and Nashville. The consistent dividend payment reflects the company's commitment to returning value to its investors.

ServisFirst Bancshares, Inc. (NYSE: SFBS) reported robust earnings for Q4 2022, with diluted earnings per share at $1.24, a 25% increase year-over-year. For the entire year, EPS reached $4.61, up 21%. Total deposits increased by $494.9 million (18%) to $11.6 billion, while total loans surged by 23% to $11.7 billion in 2022. The efficiency ratio improved to 29.45%, down from 35.47% a year prior. The quarterly cash dividend rose by 22% to $0.28. The company’s Chairman highlighted growth in footprint and profitability, with strong credit quality metrics maintained. Key financial ratios also showed improvement, including a return on average assets of 1.89%. The effective tax rate increased significantly in Q4 2022.

ServisFirst Bancshares, Inc. (NYSE: SFBS) will announce its earnings and operating results for the quarter and year ended December 31, 2022, on January 23, 2023, at 4 p.m. ET. A live audio webcast discussing these results will follow at 5:15 p.m. ET, with a replay available until February 3, 2023. The company provides financial services through ServisFirst Bank across several states, including Alabama and Florida. Interested parties can access the news release and webcast via the company's website.

ServisFirst Bancshares, Inc. (NYSE: SFBS) announced a quarterly cash dividend increase from $0.23 to $0.28 per share, decided in a meeting on December 19, 2022. The new dividend will be paid on January 6, 2023, to stockholders of record as of January 3, 2023. This marks the company's commitment to increasing dividends annually since its public offering in 2014, reflecting confidence in its financial stability and shareholder returns.