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Mar 31, 2020

ServisFirst Q1 2020 Earnings Report

Reported solid profitability and a strong balance sheet during the pandemic.

Key Takeaways

ServisFirst Bancshares, Inc. reported a net income of $34.8 million for the quarter ended March 31, 2020. The company's return on average assets was 1.54%, and the pre-tax, pre-provision return on average assets was 2.49%.

Net income was $34.8 million.

Basic and diluted earnings per common share were $0.65 and $0.64, respectively.

Annualized return on average assets was 1.54%.

Net interest income was $77.6 million.

Total Revenue
$84.3M
Previous year: $73.7M
+14.4%
EPS
$0.64
Previous year: $0.65
-1.5%
Net Interest Margin
3.58%
Efficiency Ratio
33.11%
Return on Avg Assets
1.54%
Previous year: 1.75%
-12.0%
Cash and Equivalents
$685M
Previous year: $800M
-14.4%
Total Assets
$9.36B
Previous year: $8.31B
+12.7%

ServisFirst

ServisFirst