ServisFirst Bancshares, Inc. Increases Quarterly Cash Dividend By 22%

Rhea-AI Summary

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.

Positive

• Quarterly cash dividend increased from $0.23 to $0.28 per share.
• Dividend payable on January 6, 2023, indicating strong shareholder returns.
• Company has consistently increased dividends annually since going public in 2014.

Negative

• None.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- ServisFirst Bancshares, Inc., (NYSE: SFBS) (“ServisFirst”), the holding company for ServisFirst Bank, today announces: At a meeting held on December 19, 2022, its Board of Directors increased the company’s quarterly cash dividend from $0.23 per share to $0.28 per share. The dividend is payable on January 6, 2023 to stockholders of record as of January 3, 2023. ServisFirst has increased its dividend annually since the company went public in 2014.

About ServisFirst Bancshares, Inc.

ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Atlanta, Birmingham, Charleston, Dothan, Huntsville, Mobile, Montgomery, Nashville, Northwest Florida, Piedmont, West Central Florida, and Western North Carolina. ServisFirst Bancshares, Inc. files periodic reports with the U.S. Securities and Exchange Commission (SEC). Copies of its filings may be obtained through the SEC’s website at www.sec.gov or at www.servisfirstbank.com.

More information about ServisFirst Bancshares, Inc. may be obtained over the Internet at www.servisfirstbank.com or by calling (205) 949-0302.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221220005136/en/

ServisFirst Bank

Davis Mange (205) 949-3420

DMange@servisfirstbank.com

Source: ServisFirst Bancshares, Inc.

FAQ

What is the new dividend amount for ServisFirst Bancshares (SFBS)?

The new dividend amount is $0.28 per share.

When will the dividend for SFBS be paid?

The dividend will be paid on January 6, 2023.

What was the previous dividend amount for SFBS before the increase?

The previous dividend amount was $0.23 per share.

What date is the record date for the upcoming SFBS dividend?

The record date for the dividend is January 3, 2023.

How long has ServisFirst Bancshares been increasing its dividends?

ServisFirst Bancshares has increased its dividends annually since 2014.