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Jun 30, 2023
ServisFirst Q2 2023 Earnings Report
Net income decreased due to narrowing net interest spread, but deposits and loans experienced growth.
Key Takeaways
ServisFirst Bancshares reported a decrease in net income for Q2 2023, impacted by narrowing net interest spread. However, deposits and loans experienced growth, and the bank maintains strong liquidity and capital positions.
Net income was $53.5 million, or $0.98 per share.
Deposits grew by $672.9 million on a linked-quarter basis, or 23.2% annualized.
Loans grew by $987.6 million, or 9.3%, year-over-year.
The company reported strong liquidity with no FHLB advances or brokered deposits.
Revenue by Segment
Forward Guidance
The press release does not contain any quantitative or qualitative forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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