Earnings ·
Reports Q3 diluted EPS of $0.80, up 33%, and announces inaugural stock repurchase program
SFBSServisFirst Bancshares, Inc.
ServisFirst Bancshares reported third-quarter net income of $87.3 million, or diluted earnings per share of $0.80, a 33% increase from the prior-year quarter. Net interest margin held steady at 3.63%, while loans grew 11% year-over-year to $14.7 billion and noninterest-bearing deposits rose 12%. The company also announced an inaugural stock repurchase program authorizing up to two million shares through December 2027. ServisFirst Bancshares is a bank holding company providing commercial, consumer, and correspondent banking services in the Southeast.