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ServisFirst Bancshares Inc. (SFBS) is a prominent bank holding company headquartered in Birmingham, Alabama. Through its wholly-owned subsidiary, ServisFirst Bank, the company extends a wide range of business and personal financial services. ServisFirst Bancshares operates in multiple locations including Birmingham, Huntsville, Mobile, Montgomery, and Dothan in Alabama; Pensacola in Florida; Nashville in Tennessee; Atlanta in Georgia; and Charleston in South Carolina. Their reach covers a broad area, ensuring robust service delivery across the southern United States.
The company's core business revolves around originating commercial, consumer, and other types of loans, as well as accepting deposits. ServisFirst Bancshares prides itself on offering a comprehensive suite of electronic banking services such as online and mobile banking, including remote deposit capture. Additionally, the company provides advanced treasury and cash management services designed to cater to both individuals and businesses.
ServisFirst Bank's Correspondent Bank Division offers an extensive array of correspondent services to community banks throughout the southern U.S., creating a collaborative network that enhances service delivery. The company's financial stability is underscored by its periodic filings with the U.S. Securities and Exchange Commission (SEC), which can be accessed through the SEC's website or directly at www.servisfirstbank.com.
Recent achievements and ongoing projects highlight ServisFirst Bancshares' commitment to innovation and expansion. By maintaining a strong financial condition and forming strategic partnerships, the company continuously enhances its service offerings. The latest news and updates about ServisFirst Bancshares Inc. illustrate its dynamic growth and responsiveness to market needs.
For the latest updates and relevant information about the performance, events, and developments related to ServisFirst Bancshares Inc., stay tuned to the news section on this page or visit their official website.
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.
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.
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