ServisFirst Bancshares Inc. - SFBS STOCK NEWS

ServisFirst Bancshares reported strong Q3 2020 results with a 16% increase in diluted EPS, reaching $0.80. Deposits grew by 14%, and loans, excluding PPP loans, increased by 10%. The efficiency ratio improved to 28.50%, while net income was $43.4 million, up 15% year-over-year. The company continues to maintain a robust balance sheet with strong liquidity and credit quality. They are refinancing $34.5 million in subordinated notes with new notes at a 4% interest rate. Noninterest income rose 32%, driven by a surge in mortgage banking revenue.

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) is set to announce its earnings and operating results for the quarter ending September 30, 2020, on October 19, 2020, at 4 p.m. ET. A live audio webcast will follow at 5:15 p.m. ET to discuss these results. The company, based in Birmingham, Alabama, operates numerous branches across the Southeastern U.S. and provides a variety of financial services. Detailed reports can be accessed through the SEC or the company's website.

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) announced a quarterly cash dividend of $0.175 per share on September 21, 2020. This dividend will be payable on October 9, 2020, to stockholders on record as of October 1, 2020.

The company operates through its subsidiary, ServisFirst Bank, providing a range of financial services across several states, including Alabama, Florida, Tennessee, Georgia, and South Carolina.

ServisFirst Bancshares (NASDAQ: SFBS) reported strong financial results for Q2 2020, with a 14% increase in diluted earnings per share (EPS) to $0.75. The bank achieved record deposit growth of $1.5 billion and funded over 4,800 Payroll Protection Program loans totaling $1.05 billion. Asset quality improved, with nonperforming loans at 0.26% of total loans. Total assets surpassed $11 billion, reflecting an 18% year-over-year increase. However, net interest margin decreased to 3.32% from 3.58% sequentially, impacting profitability.

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) will announce its earnings and operating results for the quarter ended June 30, 2020, on July 20, 2020, at 4 p.m. ET. A live audio webcast discussing these results will follow at 5:15 p.m. ET. Information regarding the event will be available on their website. The company operates a network of branches across Alabama, Florida, Tennessee, Georgia, and South Carolina, providing a range of financial services.

ServisFirst Bancshares, Inc. (NASDAQ: SFBS) declared a quarterly cash dividend of $0.175 per share on June 15, 2020. The dividend is payable on July 10, 2020, to shareholders of record as of July 1, 2020. This announcement reflects the company's commitment to return value to its shareholders amid its ongoing operations across several states including Alabama, Florida, Tennessee, Georgia, and South Carolina.

ServisFirst Bancshares (NASDAQ: SFBS) has been recognized as one of the top 10 community banks in the United States, ranking ninth out of 255 banks nationwide according to the 2019 Raymond James Community Bankers Cup. This marks the sixth consecutive year the bank has achieved this honor. The ranking is based on key financial metrics including nonperforming assets, core deposit percentages, net interest margin, and return on assets. This award underscores the bank's commitment to profitability and operational efficiency.

ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NASDAQ: SFBS), announced the approval and funding of over 3,700 Paycheck Protection Program loans totaling over $1 billion in just four weeks. The bank enhanced its systems to support clients during this critical time, with a focus on fulfilling loan requests. CEO Tom Broughton emphasized the importance of relationships and client success. ServisFirst Bank also assisted new clients in navigating the program, aiming for efficient service and building new business opportunities.