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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 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.
On December 21, 2020, ServisFirst Bancshares, Inc. (NASDAQ: SFBS) announced an increase in its quarterly cash dividend from $0.175 to $0.20 per share. This dividend is payable on January 8, 2021, to shareholders of record as of January 1, 2021. ServisFirst has maintained a consistent annual dividend increase since its public offering in 2014. The company's expansion across multiple states continues to solidify its financial service offerings.
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.
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