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Mar 31, 2021

ServisFirst Q1 2021 Earnings Report

Reported net income of $51.5 million and EPS of $0.95 for the quarter ended March 31, 2021.

Key Takeaways

ServisFirst Bancshares, Inc. reported a strong first quarter in 2021, with net income reaching $51.5 million and earnings per share at $0.95. The company saw growth in average loans and total deposits, along with a decrease in non-performing assets.

Net income and net income available to common stockholders reached $51.5 million.

Basic and diluted earnings per common share were $0.95.

Net interest income was $92.4 million.

Average total deposits increased by $2.54 billion, or 33%.

Total Revenue
$101M
Previous year: $84.3M
+19.6%
EPS
$0.95
Previous year: $0.64
+48.4%
Net Interest Margin
3.2%
Previous year: 3.58%
-10.6%
Efficiency Ratio
28.68%
Previous year: 33.11%
-13.4%
Return on Avg Assets
1.72%
Previous year: 1.54%
+11.7%
Cash and Equivalents
$70.1M
Previous year: $685M
-89.8%
Total Assets
$12.6B
Previous year: $9.36B
+35.1%

ServisFirst

ServisFirst