ServisFirst Bancshares Inc. - SFBS STOCK NEWS

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NASDAQ:SFBS), has appointed Tom Twitty as the new Director of Business Development. Twitty, with over 37 years of banking experience, will enhance outreach efforts with commercial and private banking teams. Tom Broughton, Chairman and CEO, expressed enthusiasm for Twitty's leadership, aiming to foster community growth. ServisFirst Bank's assets exceed $11 billion, with a focus on competitive products and quality service.

ServisFirst Bancshares released its Q1 2021 results, reporting a net income of $51.5 million, up 48% year-over-year. Diluted earnings per share reached $0.95, a 48% increase compared to Q1 2020. Total deposits grew 35% to $10.58 billion, with a 24% increase linked to the previous quarter. The efficiency ratio improved to 28%, down from 33% in Q1 2020. The company also recorded record liquidity levels and strong credit quality metrics.

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) will announce its earnings for Q1 2021 on April 19, 2021, at 4 p.m. ET. The announcement can be accessed via their website. A live audio webcast will follow at 5:15 p.m. ET to discuss the results, with a replay available until April 30, 2021. ServisFirst Bancshares, headquartered in Birmingham, Alabama, provides a range of financial services through its subsidiary, ServisFirst Bank, across several states including Alabama, Florida, Tennessee, Georgia, and South Carolina.

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) has declared a quarterly cash dividend of $0.20 per share. This dividend will be payable on April 9, 2021, to stockholders of record as of April 1, 2021. This announcement reflects the company's ongoing commitment to returning value to its shareholders. ServisFirst operates a bank holding company based in Birmingham, Alabama, offering financial services across several states.

ServisFirst Bank has announced the promotion of Ron Morrison to Private Banking Manager. Morrison, who has over two decades of banking experience, will focus on delivering personalized banking services to high net worth clients. Previously serving as Senior Vice President of Private Banking, he has been with ServisFirst Bank since 2005. The bank's assets exceed $11 billion, indicating robust growth and a commitment to quality service. Chairman Tom Broughton expressed confidence in Morrison's leadership skills.

ServisFirst Bank has promoted Nic Balanis and Bart McBride to Executive Vice President, Commercial Banking. Balanis, with 14 years at the bank, will lead the commercial lending and cash management teams, while McBride, a founding employee with 16 years of experience, will enhance sales leadership while continuing in commercial lending. The promotions aim to leverage their extensive industry experience and commitment to service to benefit customers. ServisFirst Bank has over $11 billion in assets and operates across multiple states.

ServisFirst Bank has appointed Rodney Rushing as the new Chief Operating Officer. Previously serving as Executive Vice President of Correspondent Banking, Rushing has significantly contributed to the Bank's growth, overseeing a division with over $1.9 billion in deposits and more than 300 relationships across 26 states. His 38 years of banking experience includes previous leadership roles at Compass Bank. This transition marks a strategic move to enhance the Bank's operational leadership as it focuses on executing its objectives amidst rising asset levels exceeding $11 billion.

ServisFirst Bancshares (NASDAQ: SFBS) reported significant financial growth for 2020, with diluted earnings per share rising 13% to $3.13. The fourth quarter saw a 24% increase in earnings per share to $0.94, while net income surged to $51 million, an 18% quarter-over-quarter increase. Deposits grew by 32% year-over-year, reaching nearly $10 billion. The book value per share rose to $18.41, marking a 17% increase. The cash dividend per share increased by 14% to $0.20. Despite the pandemic's challenges, the company maintained strong operational performance and client support.

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) will announce its earnings and operating results for Q4 and full year 2020 on January 25, 2021, at 4 p.m. ET. A live audio webcast will follow at 5:15 p.m. ET, accessible via their website. The company, headquartered in Birmingham, Alabama, operates through its subsidiary, ServisFirst Bank, providing financial services across multiple states including Alabama, Florida, Tennessee, Georgia, and South Carolina. Details regarding future financial performance can be expected during this announcement.