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Mar 31, 2024

ServisFirst Q1 2024 Earnings Report

Reported earnings and operating results for the quarter ended March 31, 2024.

Key Takeaways

ServisFirst Bancshares, Inc. reported a net income of $50.0 million for the quarter ended March 31, 2024, and basic and diluted earnings per common share were both $0.92.

Net income and net income available to common stockholders of $50.0 million.

Basic and diluted earnings per common share were both $0.92.

Annualized return on average assets was 1.26%.

Annualized return on average common stockholders’ equity was 13.82%.

Total Revenue
$111M
Previous year: $115M
-2.9%
EPS
$0.94
Previous year: $1.06
-11.3%
Net Interest Margin
2.66%
Efficiency Ratio
43.3%
Previous year: 34.6%
+25.1%
Return on Avg Assets
1.26%
Previous year: 1.63%
-22.7%
Cash and Equivalents
$78.7M
Previous year: $139M
-43.4%
Total Assets
$15.7B
Previous year: $14.6B
+7.9%

ServisFirst

ServisFirst