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Sep 30, 2020
ServisFirst Q3 2020 Earnings Report
Reported net income of $43.4 million, with basic and diluted earnings per share of $0.80 for the third quarter of 2020.
Key Takeaways
ServisFirst Bancshares, Inc. reported a strong third quarter in 2020, with increased net income and earnings per share compared to the same period in 2019. The company saw a rebound in loan demand and maintained a strong balance sheet with good credit quality and liquidity.
Net income reached $43.4 million, up from $37.6 million in Q3 2019.
Basic and diluted earnings per share were $0.80, compared to $0.70 and $0.69 in Q3 2019, respectively.
Net interest income increased to $85.1 million from $73.0 million in Q3 2019.
Average loans increased by 20% to $8.36 billion compared to Q3 2019.